Precious Metals

Aben Resources Ltd. (TSX-V: ABN ) (OTC QB : ABNAF ) (Frankfurt: E2L2 ) ("Aben" or "the Company") has now received analytical results from surface exploration work completed in July 2022. The exploration program marked the first comprehensive field work to assess the potential for the Property to host economic graphite mineralization. Exploration work comprised field mapping, rock and soil sampling, and the evaluation of prospective drill sites for a planned future drill program.

Slocan Project Location
https://map.juniormininghub.com/?gid=3257&modal=project_summary

Aben geologists took a total of 52 rock and 83 soil samples from areas located both within and outboard of the strong conductive anomaly identified by a 2010 airborne Electromagnetic geophysical survey. Previous work has shown that flake graphite mineralization grading in excess of 4.5% is hosted in metamorphic rocks located within the Tedesco Conductive Anomaly. Results from the 2022 rock sampling program returned a range of grades from trace to 4.36% graphitic flake Carbon, which reflects the variety of rock types from which the samples were sourced. A previously unsampled zone located 2km northeast of the main conductive zone returned multiple samples with grades between 1-2% graphitic Carbon, greatly extending the mineralized trend along strike. This discovery compelled Aben to increase the size of the Slocan Graphite Property to 2826 hectares through the addition of a 439.4 hectare claim via staking. The main Tedesco Conductive Zone has never been drill-tested despite the compelling coincident geophysical conductor and the graphite-bearing surface rock samples.

The soil sampling program was completed over areas that lack outcrop exposure due to thickened glacial cover in order to ascertain whether soil sampling can be a productive exploration tool on the Property. Results correlate well with known graphite mineralization and will help to delineate new areas to target with increased sampling density, mechanical trenching and potential drill holes. Two distinct areas of elevated graphite-bearing soil are visible on the accompanying map (link below).

Slocan Surface Sampling
https://abenresources.com/site/assets/files/4277/surfacesamples.jpg

Slocan Tedesco Conductor
https://abenresources.com/site/assets/files/4229/slocan_tedesco_conductor.jpg

Aben Resources formally submitted a Notice of Work application for the Slocan Graphite Property with the Ministry of Energy, Mines and Low Carbon Innovation in the Spring of 2022. The Multi-Year Area Based (MYAB) permit application remains under review by the provincial government, following meaningful consultation with two First Nations groups and the posting of a security reclamation bond. Communication between Aben, the Ministry and the First Nations is ongoing and progressive, yet a definitive date for receipt of the exploration permit remains uncertain.

About Slocan Graphite Project :

The Slocan Graphite Project benefits from excellent infrastructure including forestry road access to and throughout the property, a high-voltage transmission line within 1.0 km of the property boundary and an existing graphite processing facility within 1.5 km of the property. The facility is owned by Eagle Graphite Corporation, and is one of only two natural flake graphite production facilities in North America.

Slocan Infrastructure
https://abenresources.com/site/assets/files/4229/slocan_infrastructure.jpg

Aben holds the exclusive right to earn a 100% interest, less 2% Net Production Royalty ("NPR") in the road-accessible Slocan Graphite Project, located 34km northwest of Castlegar, British Columbia. The 2,826 hectare Slocan Graphite Property hosts several flake graphite-bearing outcrops (high values of 3.36 and 4.43 % graphitic Carbon) at the Tedesco Zone, which is coincident with a strong conductive anomaly identified in 2010 that is interpreted to extend up to 2.0km from the known surficial occurrences.

Slocan Presentation
https://abenresources.com/site/assets/files/4229/slocan_graphite_2022.pdf

About Graphite:

Natural flake graphite is the fastest-growing product type and will continue to lead with a healthy growth rate of 9.5% in terms of value between 2021 and 2025.

In value and volume, batteries to exhibit the fastest-growth of 17.9% between 2021 and 2025. An average HEV contains up to 10 kgs of graphite, where in EVs it is up to 70 kgs.

Currently, synthetic graphite is the preferred material for battery anode materials. However, in the past few years, a significant shift towards natural flake graphite has been observed due to its cost-competitiveness and performance.

Graphite is the most preferred battery anode material for rechargeable batteries and the battery segment is anticipated to create an incremental opportunity worth US$4.6 Bn between 2020 and 2025.

In 2019, Asia Pacific was the largest consumer of graphite and is expected to grow 9.1% in terms of value between 2021 and 2025.

China's graphite production is anticipated to consolidate owing to environmental issues. New companies are entering into the graphite space, especially in the processing of natural flake graphite. Graphite is considered as a material of green energy and technology.

https://abenresources.com/projects/slocan/about-graphite/

Qualified Person:

Cornell McDowell, P.Geo. and Vice President of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person (QP), as defined by National Instrument 43-101.

About Aben Resources :

Aben Resources is a diversified Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory.

For further information on Aben Resources Ltd. (TSX-V: ABN ), visit our Company's website at www.aben resources. com .

Aben Resources Ltd.

"Jim Pettit"
______________________
JAMES G. PETTIT
President & CEO

For further information contact:
Aben Resources Ltd.
Riley Trimble, Corporate Communications
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenre sources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ABN:CA
Aben Resources

Aben Resources


Keep reading...Show less
FWB:E2L2

Aben Announces COVID-19 Response

Aben Resources Ltd. (TSXV:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (“Aben” or “the Company”) announces that it has implemented operational procedures across the company to protect the health of its office staff, field crews, contractors, stakeholders, and local communities during the COVID-19 global pandemic. In order to mitigate the potential effects of COVID-19, office and field staff, where possible, have been working from home per government advisories and the Company expects them to remain working remotely until such advisories have been lifted. Plans for field work for 2020 will be evaluated and updated as the current COVID-19 situation evolves. Aben Resources remains well-financed with over CAD$1.2 million in the Treasury. The company is continually monitoring the COVID-19 situation and considers the health and safety of staff and all stakeholders as paramount.

Keep reading...Show less
FWB:E2L2

Aben Reports Final Drill Results from 2019 Exploration Program and Completes Earn-in for the Forrest Kerr Gold Project in BC’s Golden Triangle

Aben Resources Ltd. (TSXV:ABN, OTCQB:ABNAF, Frankfurt:E2L2) (“Aben” or “the Company”) has received and interpreted analytical results from the final seven drill holes (FK19-64 to 70) of the 2019 drill exploration program conducted at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. Five of these drill holes were collared in the far south of the Boundary Valley with two holes completed at the Forrest prospect, located 14 km SSW from Boundary. The second and final phase of drilling in 2019 tested for precious and base-metal mineralization associated with structures and along geologic contacts located outboard from known mineralization toward the margins of the large hydrothermal system present on this part of the Forrest Kerr Property.

Keep reading...Show less
FWB:E2L2

Aben Reports Further Drill Results from 2019 Exploration Program at the Forrest Kerr Gold Project in BC’s Golden Triangle

Aben Resources Ltd. (TSXV:ABN, OTCQB:ABNAF, Frankfurt:E2L2) (“Aben” or “the Company”) has received and interpreted additional analytical results from drill holes FK19-55 through FK19-63. These results are from the 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. This release reports on drill holes located within the Boundary Valley but distal to the main mineralized zone at North Boundary. Part of a second phase of drilling, these holes tested for precious and base metal mineralization along geologic structures and contacts located outboard from known mineralization toward the margins of the large hydrothermal system present on this part of the Forrest Kerr Property.

Keep reading...Show less
FWB:E2L2

Aben Continues to Expand Mineralized Footprint at the North Boundary Zone at the Forrest Kerr Gold Project in BC’s Golden Triangle

Aben Resources Ltd. (TSXV:ABN, OTCQB:ABNAF, Frankfurt:E2L2) (“Aben” or “the Company”) has received and interpreted additional analytical results from the ongoing 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. The latest results continue to outline widespread polymetallic mineralization throughout the North Boundary Zone. These results are from 5 drill holes located at the margins and well outboard of the main mineralized core at North Boundary.

Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

Keep reading...Show less
FRA:E2L2

Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle, Increases Size of Program, Update on Justin Project, Yukon

Aben Resources Ltd. (TSXV:ABN, OTCQB:ABNAF, Frankfurt:E2L2) (“Aben” or “the Company”) has received analytical results from the the first shipment of drill core from the 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia.

Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

Keep reading...Show less
Nevada Sunrise CEO Warren Stanyer

Nevada Sunrise CEO Says Rising Demand Fueling Renewed Focus on Domestic Lithium

Nevada Sunrise CEO says rising demand fueling renewed focus on domestic lithiumyoutu.be

Keep reading...Show less
Prime Mining Corp.

Prime Drills Multiple Bonanza and High-Grade Intercepts at Guadalupe Including 33.2 gpt Au and 1,072 gpt Ag over 2.0 Metres

Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces additional assay results from its recently completed Phase 2 drill program. Today’s results are from the Guadalupe area where Prime continues to delineate and expand the multi-million-ounce Los Reyes high-grade gold-silver deposit. Los Reyes and its three known gold-silver deposit areas (Guadalupe, Z-T and Central), has a mineralized footprint of over 15 square kilometres and is located in a highly prospective, 500-year old mining-friendly district of Sinaloa, Mexico.

Today’s results are from seven drill holes in the main Guadalupe deposit.

Keep reading...Show less

Sarama Resources Intersects 21m @ 7.57g/t Gold at MM Prospect

Extensional Targets Deliver Shallow, High-Grade Intersections

Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) is pleased to announce that exploration drilling at its 100%-owned(4) Sanutura Project (the "Project") has intersected new high-grade mineralisation and identified extensions to selected lodes at the MM Prospect within the Tankoro Deposit. The new mineralisation is located near-surface in oxide material outside the current Mineral Resource and has potential to enhance open pit stripping ratios in any eventual mine development. Sarama intends to pursue these types of targets in upcoming drill programs

The reported drilling totals 2,200m and represents the fifth discovery of new mineralisation in the ongoing +50,000m program, which was designed to increase the oxide component of the Project's 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred)(1) Mineral Resource.

Highlights

  • New, high-grade mineralisation intersected from surface and outside the modelled Mineral Resource at the MM Prospect
  • Highlighted downhole intersections from new assays include:
    • 21m @ 7.57g/t Au from surface in TAA359;
    • 15m @ 2.48g/t Au from 15m in TAR041;
    • 13m @ 1.41g/t Au from 21m in TAR042;
    • 13m @ 1.36g/t Au from 29m in TAR040; and
    • 30m @ 0.84g/t Au from 8m in TAA411
  • Intersections are in shallow, oxide material with high potential to add to the oxide and transition component of the Mineral Resource, currently standing at 0.2Moz Au (Indicated) plus 0.8Moz Au (Inferred)(2)
  • Identification of new mineralisation proximal to the existing Mineral Resource will enhance project economics
  • Results continue to support the thesis that potential remains for significant new discoveries close to known mineralisation
  • Results from the final suite of assays in the Q2/Q3 2022 program will be announced later this quarter
  • Follow-up drilling, including greenfields exploration drilling, expected to commence in 2023

Sarama's President, CEO & MD, Andrew Dinning commented:

"We are very pleased with the quality of results from the Q2/Q3 2022 exploration program. As per previous releases, these most recent results continue to illustrate the potential for new discoveries within the Tankoro Deposit's very large and prospective mineralised corridor. We look forward to completing the current drill program and following-up the multitude of exciting discoveries made so far."

Sarama Resources Ltd., Monday, November 28, 2022, Press release picture

Figure 1 - Tankoro Deposit Location Plan - Continued Exploration Success for Oxide Targets

A Growth-Oriented Drill Program in Oxide Material

News Provided by ACCESSWIRE via QuoteMedia

[subscribe_company_profile use_post="101692214"]

Keep reading...Show less

AGNICO EAGLE PUBLISHES FIRST CLIMATE ACTION REPORT

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") reports that it has released its first Climate Action Report (the "Report"), aligned with the Task Force on Climate-related Financial Disclosures recommendations.  The Company is committed to be Net-Zero by 2050 in absolute Scope 1 and Scope 2 carbon emissions and, to this end, it has set an interim carbon reduction target of 30% of 2021 Scope 1 and Scope 2 greenhouse gas emissions by 2030.  This inaugural Report outlines the Company's proposed plan to meet its climate targets and to remain among the lowest greenhouse gas emitters of the industry's senior gold companies, as well as the strategies of the Company to adapt to and mitigate the impacts of climate change.  With the contribution from the sustainability, energy and innovation teams at each mining operation, the Company believes it has established a credible pathway to decarbonization and is committed to continuously assess and adapt technological advances.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×