Aben Minerals Announces Approval of Non-Brokered Private Placement Financing - Seite 2

The Justin Project is located in the southeastern portion of the prolific Tombstone Gold Belt, part of the Tintina Gold Province, host to world class Reduced Intrusion Related Gold deposits and recent gold discovery by Snowline Gold Corp. The Company will be using some proceeds of the financing to apply for a new multi year exploration permit to allow for further exploration of the Justin Project.

Forrest Kerr Gold Project

The Forrest Kerr property is 100% owned by Aben Minerals Ltd and consists of 56 contiguous mineral claims covering 23,397 hectares in the center of the Golden Triangle of British Columbia, an area that hosts significant Au-Cu±Mo porphyry deposits, intrusion-related Au±Ag vein deposits and high-grade Au-Ag volcanogenic massive sulphide deposits. Forrest Kerr boasts a database comprised of 190 drill holes, 2,500 rock and 20,000 soil and silt samples. Highlight drill results include hole FK18-10 which intersected multiple high grade gold horizons including 38.7 g/t Au over 10.0m, 3.9 g/t Au over 13.0m, 22.0 g/t Au over 4.0m, and 8.2 g/t Au over 14.0m.  

The property hosts 40 polymetallic mineral occurrences with mineralization styles ranging from discrete intrusion related Au + Cu +/- Ag veins to breccia, shear and stockwork zones in addition to areas with massive sulfide potential. The Company has a MX Permit for exploration in good standing and will entertain third party involvement to move the project forward.

Pringle North Property Gold Project

Aben Minerals Ltd has an option to acquire a 100% interest in the Pringle North Gold Property in Red Lad Ontario. The Pringle North Property straddles the interpreted northern extension of the deep-seated geologic structures that host several gold deposits within the Red Lake Gold Camp, located approximately 55 km to the south. The property consists of 5 contiguous mining claims covering approximately 1,881 hectares and is host to multiple surface samples that tested at or above the 95th percentile in an overburden sampling program conducted by Agnico Eagle in 2009. Pringle North hosts a substantial belt of mafic to ultramafic rocks that parallel the Nungesser Deformation Zond (NDZ) and a full spectrum of structural controls that may provide fluid pathways and traps for economic gold mineralization.