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aben resources ltd (ABN) Snapshot

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09/18/13 - C$0.15
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Market Cap
1.3M
Average Volume 10 Days
28.5K
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Shares Outstanding
27.0M
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aben resources ltd (ABN) Details

Aben Resources Ltd., a junior exploration company, engages in the exploration and development of mineral properties in the Yukon and Northwest Territories in Canada. It primarily explores for gold, silver, lead, zinc, copper, and uranium. The company's flagship project includes 100% owned Justin Gold Project comprising approximately 18,314 acres located in southeast Yukon. It also holds interests in properties located in the Dawson City and White Gold District in Yukon; central Yukon Territory; and Athabasca Basin in northern Saskatchewan. The company was formerly known as Consolidated Abaddon Resources Inc. and changed its name to Aben Resources Ltd. in January 2011. Aben Resources Ltd. is based in Vancouver, Canada.

aben resources ltd (ABN) Top Compensated Officers

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Compensation as of Fiscal Year 2013.

aben resources ltd (ABN) Key Developments

Aben Commences Exploration Program at Mann Lake Uranium Project, Athabasca Basin, Saskatchewan

Aben Resources Ltd. announced that a Phase 1 Field Program has commenced consisting of a ground-based electromagnetic (EM) survey on Aben's 40% owned, Skyharbour Resources' 60% owned Mann Lake Uranium Project. The property is strategically located on the east side of the Athabasca Basin 25 km southwest of Cameco's McArthur River Mine and 15 km northeast and along strike of Cameco's Millennium uranium deposit.

Aben Resources Ltd. Begins 2014 Exploration Program at Justin Gold Silver Tungsten Project, Southeast Yukon

Aben Resources Ltd. announced that its 2014 exploration program at its 100% owned 18,314 acre Justin gold-silver-tungsten project has commenced. The project area is located in southeast Yukon within the Tintina Gold Belt approximately 35 kilometers southwest of the Cantung Mine and is accessed by an all-season road. Aben's Justin property is host to numerous styles of intrusion-related mineralization (IRGS), most notably the newly-discovered auriferous gold-silver-tungsten skarn and sheeted vein system which comprise the POW zone. The Justin property area includes the POW, Confluence, Main and Kangas zones which form part of a 12 kilometer-long mineralized corridor. The property area is 35 kilometers from North American Tungsten Corp.'s Cantung tungsten-copper-gold mine, with other significant projects in the area including Golden Predator's Sprogge and 3-Aces properties. With excellent infrastructure and an active mine with similar geology nearby, Aben's Justin project boasts highly-prospective near-surface exploration targets for both gold and tungsten.

Aben Resources Ltd. Announces 2014 Exploration Program at Justin Gold-Silver-Tungsten Project, Southeast Yukon

Aben Resources Ltd. announced its 2014 exploration program at its 100% owned 18,314 acre Justin gold-silver-tungsten project. The project area is located in southeast Yukon within the Tintina Gold Belt approximately 35 kilometers southwest of the Cantung Mine and is accessed by an all-season road. In 2011, a 2,020 metre ten-hole drill program targeted four separate mineralized zones on the Justin property. During this program a significant new greenfield gold discovery was made at the POW zone, with drill highlights including 60.0 metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold in hole JN11009. A total of 1,994 metres were drilled in nine holes during the 2012 field season at the Justin property with highlights including 46.4 metres of 1.49 g/t gold in hole JN12011. All holes completed to target depths at the POW zone have intersected gold mineralization, with the zone open in all directions. The 2014 Justin property work program will consist of geological mapping and prospecting, trenching, 9.0 kilometers of b-horizon soil geochemical sampling and collection of petrophysical data from existing drill core samples. This work will assist with defining and expanding the known extent of gold and tungsten mineralization on the property and to define targets for future drilling. The Yukon government has approved the project for partial funding through the 2014 YMEP program, which will result in a portion of exploration expenditures being reimbursed to Aben Resources. The 2014 Justin exploration program will focus on two main areas of interest: Delineating the extent of hard rock mineralization found at surface at the POW zone and surrounding area. Prospecting and trenching will focus on evaluating sheeted vein and skarn systems for both gold and tungsten potential. Focus on the southeastern portion of the Justin property where initial prospecting and geochemical sampling in 2012 identified a new hard rock massive sulphide showing which has been named the Big Swifty. Geochemical surveys, prospecting and channel sampling will provide a detailed evaluation of the Big Swifty target area and give context to it's relationship with the IRGS mineralization recognized in the central and northern portions of the Justin property.

 

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