Junior Miner Prepares Drill Campaign for Yukon Gold-Tungsten Discovery

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

On July 7, 2026, Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) provided an update on planning for its 2026 exploration program at the Justin gold-tungsten project in southeastern Yukon. Using historical drilling results and recent data compilation, the company intends to focus on advancing two high-priority target areas this year.

In the release, President and CEO of Aben Gold, Riley Trimble, said: "Our understanding of the Justin Project has evolved significantly over the past year. The recognition of tungsten mineralization associated with the high-grade gold system at POW has added a compelling new dimension to the project."

Over the next two months, Aben Gold will pair with several contractors in conjunction with this year's exploration campaign. Matrix Camps and Logistics will refurbish and reactivate existing infrastructure at the exploration camp, beginning July 15, 2026. Axiom Exploration Group will provide geological, technical, and field support services. Summit Air has been retained to provide helicopter transportation services during the campaign. Skookum Exploration will complete drill pad construction and other ground support activities. Finally, Empire drilling will conduct diamond drilling at target zones, with a total of 1,300 meters and six drill holes planned.

This program will follow up on drill holes JN11009 and JN11010, which both showed significant mineralization encompassing gold, tungsten, and silver. A second priority will be testing the area between JN11009 and JN11010 and step-out sole JN12018, which returned 88.5 meters of 0.73 g/t Au (gold). The third priority test target will be the area between the original discovery holes and JN12016, which returned 5.6 meters (m) grading 4.12 g/t Au, including 2.6 m grading 8.20 g/t Au, and 8.5 m grading 0.39% WO₃ (tungsten), including 1.0 m grading 1.12% WO₃.

Finally, the Lost Ace zone will undergo further testing. According to the company, "Lost Ace represents a distinct style of high-grade structurally controlled gold mineralization." Trench samples of the zone have previously returned 20.8 g/t Au over 4.4 m and 88.2 g/t over 1.0 m.

Aben Gold is a Canadian gold exploration company with exploration projects in the Yukon Territory and British Columbia.

Mining Companies Following Rally

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies, like South Pacific, chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts – a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold’s momentum and lift it back towards US$4,500/oz or above."

Renewed tensions between the U.S. and Iran dropped gold prices on July 8, 2026, with the per-ounce price sinking to only US$4,074.10. Inflationary fears were reignited after Brent crude oil prices rose again after a several-week ceasefire between the two countries lost its stability.

In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Gold isn't the only metal affected by war, though.

As one of the strongest metals in the world, with the highest melting point of all metals, tungsten's use in weaponry is critical in a time of war. China, Russia, and North Korea produce roughly 90% of the world's tungsten, which has left the U.S. scrambling to secure solid domestic supply sources since President Trump's tariffs sparked tension between the nations. As of January 1, 2027, a federal procurement rule will take effect that bans sourcing tungsten from China, Russia, Iran, and North Korea if it is to be used for U.S. defense operations.

The tungsten market as a whole is anticipated to grow from US$5.78 billion in 2026 to US$9.19 billion by 2034. The market is broad, with tungsten necessary for everything from weaponry to energy supply to lightbulbs. After experiencing a 667% rally earlier in 2026, this metal has stayed in high demand.

Expert Waiting for Cards on the Table

On July 8, 2026, Bob Moriarty of 321gold.com told Streetwise Reports: "Aben Gold just announced a 1,300-meter drill program beginning the first week of August at their Justin gold-tungsten project in southern Yukon. It's put up or shut up time, and the drill will deal the cards."

Drill Campaign to Commence

The company expects to complete both Phase 1 and Phase 2 studies on the POW and Lost Ace zones between July and September 2026. 

Phase 1 will include:

• Grid soil sampling, at a 100-meter line spacing and 50-meter station spacing for the southeastern part of the POW target area, and the Lost Ace target area (2 km northwest of POW Zone).
• Rock sampling is to be done where warranted. A total of 600 soil and 80 rock samples are budgeted, although additional soil sampling may be done if fewer rock samples are taken.
• Geological mapping is designed to further delineate the extent of the POW zone and Lost Ace Zone

Phase 2 will include three or four holes in the POW zone, averaging 300 meters in length. The primary target will be the Pow Zone area to discover the full extent of intrusion-related mineralization and identify the presence of cupolas. Further Phase 2 drilling will include three or four holes in the Lost Ace zone.

Ownership & Share Information¹

Aben Gold Corp. has a market cap of CA$6.30 million, with 35 million shares outstanding. The company's 52-week range is CA$0.06-CA$0.30.

Management & Insiders own 5.95% of shares, while the remaining 94.05% of shares are held by Retail.