Canadian Mining Journal


Aben Resources adds Eric Sprott as strategic shareholder

Aben Resources (TSXV: ABN; US-OTC: ABNAF) is expanding its exploration and drilling program this year at its Forrest Kerr gold project in B.C.’s Golden Triangle with the help of a $2 million investment from financier Eric Sprott.

The financing follows assays released earlier this month from the first drill hole of the year, which returned four separate high-grade intervals within 190 metres downhole, including 62.4 grams gold over 6 metres within 38.7 grams gold over 10 metres from 114 metres downhole.

The highest-grade zone in hole 18-10 cut 331 grams gold per tonne over 1 metre from 118 metres downhole.

Sprott is subscribing for 2.75 million units at 30¢ apiece (each unit consists of one common share and one warrant to purchase an additional share at 45¢ per share over two years).

Continue reading at The Northern Miner.