In a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "its 2020 field season is proceeding well and will be moving into the next phase which will include Pad building in advance of the arrival of the drill." The firm advised the drill program should be up and running within a week.
"The field program, to date, has been very encouraging as the crew has been successful in further delineating our initial drill targets for this season." the company stated. The firm commented that it first outlined the initial zone of interest in a prior news release and that the field crew will continue scoping out future targets to keep drilling well into September.
Aben Resources also advised that it has granted incentive stock options to its directors, officers, employees and consultants pursuant to its stock option plan which allows for purchases in aggregate up to 4.6 million common shares in the capital stock of the company. The firm noted that the options are exercisable for a period of two years at a price of $0.13 per share and were issued under its 10% rolling stock option plan approved by its shareholders in July 2018.
The company pointed out that its wholly owned Forrest Kerr property includes four separate claim blocks composed of 56 mineral claims covering 23,397 hectares. The firm has identified numerous areas of interest since it began exploration work at the property in 2016 and since that time it has drilled 70 holes totaling 21,968 meters. "The Boundary Valley hosts significant surface gold mineralization and complex structural intersections, both of which are important indicators of the potential for discovery of more sub-surface high-grade gold mineralization," the company indicated.
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