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Aben Resources Ltd. (ABNAF) released an update on its Pringle North Project, located near the Red Lake Gold Camp in Ontario. The project is positioned along the newly identified 'Red Lake Extension', which is believed to contain significant geological features akin to those hosting many gold deposits in the region. Aben's team has analyzed geophysical data, revealing structural complexities that may lead to gold mineralization pathways. The Pringle North Property covers approximately 1,881 hectares with a history of limited exploration, and the company plans a field exploration program in Spring 2022.
Aben Resources Ltd. (OTCQB: ABNAF) has secured Regulatory Approval from the TSX Venture Exchange for its option agreement on the Slocan Graphite Property, enabling it to earn a 100% interest, minus a 2% Net Production Royalty. The Slocan Graphite Project spans 2,387 ha and features large flake graphite-bearing outcrops. The project is strategically positioned to benefit from the growing demand for graphite in sectors such as electric vehicles and renewable energy. Aben will also pause exploration at its Forrest Kerr Gold Property to focus on the graphite project.
Aben Resources Ltd. has secured an option agreement with Eagle Plains Resources for the Slocan Graphite Project located in British Columbia. Aben aims to earn a 100% interest, investing $1M in exploration, issuing 850,000 shares, and paying $150,000 over three years, plus a potential success fee if resources exceed 10Mt. The project is strategically positioned with access to infrastructure and shows promise based on preliminary fieldwork. Aben also terminated the Chico property option agreement, receiving $200,000 from Taiga. The CEO emphasized the project’s potential in the EV battery sector.
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Aben Resources Ltd. (TSX-V: ABN, OTCQB: ABNAF) has launched a reconnaissance exploration program at its 100% owned Forrest Kerr Project in British Columbia's Golden Triangle. The initiative aims to enhance mapping and sampling to identify new drill targets, focusing on areas with limited previous exploration. The company has closed a non-brokered private placement, raising CAD $175,000 by issuing 2.5 million flow-through units priced at CAD $0.07 each. Proceeds will be utilized for exploration on the Forrest Kerr Gold Project, with all securities subject to a four-month hold period.
Aben Resources Ltd. announced an exclusive Option Agreement for the Pringle North Gold Project, encompassing 1,881 hectares in Northwestern Ontario. This agreement allows Aben to earn a 100% interest by paying $97,000 and issuing 320,000 shares to the Optionors. The project, near Red Lake, is noted for its geological similarities to the Red Lake Gold Camp. Additionally, Aben plans a 30-day exploration program at its Forrest Kerr Gold Project in British Columbia, focusing on soil sampling and geological mapping starting in early August 2021.