Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Industry watchers are keeping their eyes on summer drilling in British Columbia's Golden Triangle for signs of the next GT Gold or Garibaldi Resources, both of whose shares leaped last year after the announcement of significant discoveries.

One company on the radar screen is Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). Last year, Aben had some high-grade results, but due to getting a late start in the season, was not able to follow up immediately.

But this year, the company has hit the ground running, announcing on June 21 that it has mobilized field crews to its Forrest Kerr gold project and today reporting that it has begun its 5,000 meter diamond drill program consisting of approximately 18 holes.

The company noted that the "initial focus for the drill program will be to expand the high-grade precious metal mineralization discovered in 2017 at the Boundary North Zone, located near the center of the Forrest Kerr Property. Three separate drill holes, collared from the same drill pad, pierced a near-surface high-grade zone of gold-silver-copper mineralization, in addition to broad intercepts containing gold bearing quartz veins."

Aben also stated that the company believes "the 2017 discovery demonstrates that the Boundary Zone has additional discovery potential for significant precious metal mineralization. This area of the Forrest Kerr Property hosts gold-silver-copper in rock and soil anomalies that span in excess of 2 km by 4km and remain relatively under-explored."

Jim Pettit, the president and CEO of Aben, stated, "Notable regional discoveries by Pretium, GT Gold, Garibaldi Resources and others have illustrated the significant discovery upside remaining in the district and we are confident in the potential at Forrest Kerr given the newly discovered and historic high-grade mineralization there as well as the numerous untested gold-in-soil anomalies present."

Numerous industry watchers have Aben in their sights. On June 19, Energy and Gold Ltd., in an article titled, "A Good Time To Get Into This Golden Triangle Gold Explorer," noted that Aben is "flying out of the gate with plans to have the first batch of assays from its 5,000 Meter Drill Program (20 holes) out by late July." It noted that "Golden Triangle exploration stocks have a strong tendency to deliver strong returns during the months of July and August. This seasonal pattern is due to the fact that these companies are actively drilling/releasing results during this time period, and also due to the fact that precious metals often perform well during July & August."

"For the 2018 drilling season Aben expects to be one of the first exploration companies to release drill results. This should give Aben the advantage of having extra attention on it during the next couple of months and good results with the "truth machine" should in turn be well-rewarded by the market," the article concluded.

Bob Moriarty of 321 Gold noted on June 19 that "Aben Resources was at $0.09 in June of 2017 and rocketed higher, with all of the Golden Triangle sisters, to a top of $0.495 before correcting to $0.105 in November as we drifted into the seasonal low at the end of the year."

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 26225.60 0.62%
S&P 500 2906.81 0.62%
NASDAQ 7970.88 0.94%
TSX 16172.41 0.56%
TSX-V 720.94 0.00%

Resource Commodities

Name Last Change
Gold 1198.19 0.01%
Silver 14.15 0.49%
Copper 2.63 0.000
Platinum 816.00 2.45%
Oil 68.91 0.12%
Natural Gas 2.81 1.67%
Uranium 27.33 0.80%
Zinc 1.04 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest