The Golden Triangle is hot right now and Bob Moriarty of 321 Gold profiles one exploration company he expects to begin releasing drill results shortly.
With the mind blowing gold assays coming out of GT Gold Corp. (GTT.V) on July 25th of 10.67 meters of 13.03 g/t gold the shares of GTT blasted from $0.38 on when the news came out to a high of $2.41 five weeks later for a 500% increase. Shares of other companies nearby in the Golden Triangle went higher as well with Garibaldi Resources up 590% from $0.175 in late July to $1.21 on September 8 on nothing more than news about sulfide mineralization found at surface.
Like Garibaldi, Aben Resources Ltd. (ABN:TSX.V) is found in the center of the Golden Triangle yet it is only up 152% from $0.105 on July 26th to $0.265 on September 8th. But Aben is about to begin releasing results from a 2,500-meter diamond drill program in the next week or two. Historic results include 29 meters of 9.87-g/t gold and 11 meters of 33.4 g/t gold. Those holes are over 25 years old but found limited follow up due to high drilling costs and limited accessibility. Since then major changes have been made to road access and power has been put in.
A current reinterpretation has been made of the known data that led Aben to their latest drill targets. This is an interesting play because the historic holes were already better than those coming out of GT Gold lately. On September 5th, 2017, the company announced that visually the recent core appears to be similar to the historic high-grade core. We will know just how true that is shortly.
The Chairman of Aben is Ron Netolitzky, famed discoverer of Eskay Creek, the world’s highest-grade gold mine at the time. He knows the Golden Triangle; he’s been associated with it for nearly thirty years.
Their 23,000 square km flagship Forrest Kerr Gold project in the Golden Triangle measures 50 km long and up to 6 km wide. In addition the company has two other drill ready gold projects including their Chico gold project about 125 km east of La Ronge, Saskatchewan and 40 km south of Silver Standard Resources’ Seebee/Santoy mine and a 18,314 acre Justin gold project in the Yukon immediately southeast of Golden Predator’s 3 Aces gold project.
Right now the Golden Triangle is hot. Aben will be releasing drill hole assays shortly. The shares could prove explosive.
Aben is an advertiser and I do own shares purchased in the open market. That makes me biased. Their website had excellent information and as always I encourage potential investors to take the responsibility for their own due diligence and investments. While the race is not always to the swiftest, that is the way to bet.
ABN-V $0.265 (Sep 08, 2017)
ABNAF-OTCBB 26.5 million shares
Aben Resources website
Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
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1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aben Resources. Aben Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
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