Aben Resources Cashed Up for Big Exploration, Drill Results Soon

Au Report

Source: Peter Epstein for Streetwise Reports 11/05/2018

Peter Epstein of Epstein Research profiles recent moves by Aben Resources, which is exploring in British Columbia’s Golden Triangle.

The Golden Triangle (GT), in northwestern British Columbia (Canada) is a tremendous place to explore and make precious and base metal discoveries. It’s known for monster high-grade gold deposits, but also hosts silver, copper and other base metals. When one considers the GT, one might think of Pretium Resources’ new bonanza-grade gold (Au) mine. Pretium has an Enterprise Value of about C$2.6 billion. But, there are many prominent players in the GT, including Teck Resources, Barrick Gold, Goldcorp, Newmont Mining, Antofagasta, Hecla Mining, Hudbay, Centerra Gold, Hochschild, Seabridge Gold and SSR Mining.

Past producing mines include Premier, Snip and Eskay Creek. Other well-known mines/development projects include Brucejack, Galore Creek, Copper Canyon, Schaft Creek, KSM, Granduc and Red Chris. Eskay Creek reportedly produced 3.27 million ounces of gold at 49 g/t Au and 158 million ounces of silver at 2,406 g/t. So yeah, this isn’t just a top Canadian jurisdiction, it’s a world-class destination.

New Infrastructure & Discoveries Drawing Attention to Golden Triangle

A very important factor in the GT’s reemergence last year is that to a large extent, success for one player is success for all. For example, Pretium’s (and others)development over the past decade led to very significant improvements in critical infrastructure. There’s the paving of the Stewart-Cassiar highway (Highway 37) north from Smithers, the Northwest Transmission Line, a C$700 million, 344-km, 287-kilovolt power line was finished in 2014 and the completion of a three dam, 277 MW hydroelectric facility ~70km northwest of Stewart. Also near Stewart, year-round access to improved Stewart deep water ocean port facilities.

Of course, wherever there’s blockbuster discovery potential, one will find dozens of juniors hoping to cash in by controlling land reasonably close to the most exciting (existing and past producing) mines and development projects. The GT has its share of those juniors, many of whom are too small to fund the drill campaigns needed to maximize the chances of making noteworthy discoveries. Readers beware, the GT mints both kings and widows, far more of the latter.

On the heels of Pretium’s success in reaching production last year, and exciting new discoveries by companies including GT Gold Corp., Garibaldi Resources, Golden Ridge, Colorado Resources and Aben Resources, the GT is a hot place to be (for at least the third time in its history!).

Aben Resources, Early Stage, Blue-Sky Potential + Well Funded

Of the new discovery companies mentioned above, I think that Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) is particularly interesting. Its three discovery holes in the GT were drilled in 2017, but the company delivered a monster assay from the first hole of the 2018 season. It returned four separate high-grade zones within 190m downhole, including a thin 331 g/t gold over 1m within a broader interval of 38.7 g/t …read more

Source:: The Gold Report