Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) reported that it is assessing historical high-grade tungsten results from its Oct. 16, 2014, news release at the 100%-owned Justin gold project in southeast Yukon, while planning a 2026 exploration program targeting both tungsten and gold.
The company stated that the 2014 reassay program involved tungsten-specific analysis (WO3) of 230 drill core samples from seven of nine previously drilled holes at the POW zone. The work followed the identification of visible scheelite mineralization in core using short-wave ultraviolet lamps and anomalous tungsten values in prior multielement ICP data.
Among the reported results, hole JN12016 returned 8.50 meters grading 0.39% WO3, including 1.00 meter grading 1.12% WO3, coincident with prior gold mineralization of 5.60 meters grading 4.12 g/t Au, including 2.60 meters grading 8.20 g/t Au. Hole JN12013 returned 28.90 meters grading 0.10% WO3 starting near surface, along with 1.10 meters grading 1.15% WO3, alongside prior gold values of 7.40 meters grading 1.81 g/t Au, including 2.20 meters grading 4.42 g/t Au. Additional intercepts included 12.00 meters grading 0.25% WO3 and 7.20 meters grading 0.27% WO3, with several higher-grade subintervals exceeding 1% WO3.
The company stated that these tungsten results are historical in nature and are not being treated as current mineral resources or mineral reserves. It also noted that the Justin project covers approximately 7,400 hectares and hosts multiple zones of gold and tungsten mineralization.
Riley Trimble, president and chief executive officer of Aben Gold, stated, "The 2014 tungsten reassay data has been an important historical data set that we are now thoroughly reviewing with modern eyes and current market context. Tungsten is a critical mineral with growing strategic importance, and the coincident gold-tungsten mineralization at the POW zone presents a compelling opportunity."
Tungsten Prices Surge as Supply Constraints Tighten
Rediscovery of Tungsten Component and Upcoming Exploration Plans
Bob Moriarty of 321Gold offered Streetwise Reports this quote regarding the company: "Much to their pleasant surprise, Aben Gold realized that they had a tungsten component to their existing gold found in a drill program from 2014. After a long, quiet time, the company has reawakened and will be commencing a surface exploration program this year at its Justin property in the Yukon after raising CA$400,000. With a tiny market cap of under CA$6 million, it wouldn't take much in the way of results to boost the share price higher. I have worked with this management team for many years and have the highest regard for them."
Planned 2026 Exploration Activities at Justin Project
The company outlined a 2026 exploration program that includes multiple phases of fieldwork and drilling at the Justin project. Phase 1 is expected to include grid soil sampling at a 100-meter line spacing and 50-meter station spacing in the southeastern portion of the POW target area and the Lost Ace target area, located approximately two kilometers northwest of the POW zone. A total of 600 soil samples and 80 rock samples have been budgeted, with additional soil sampling planned if fewer rock samples are collected. Geological mapping is also planned to further delineate the extent of the POW zone and the Lost Ace zone.
Streetwise Ownership Overview*
Aben Gold Corp. (ABM:TSXV;ABNAF:OTCQB)
Phase 2 is expected to include drilling of three to four holes averaging 300 meters in length, targeting the POW zone area. The drilling is designed to delineate the full extent of intrusion-related mineralization and to identify the presence of cupolas. An additional three to four holes are planned to test the Lost Ace zone.
Aben also stated that its broader 2026 program is expected to include diamond drilling, surface sampling, and detailed geological modeling to advance both gold and tungsten targets at the Justin project.
Ownership and Share Structure
Management and Insiders hold 7.02% of Aben Gold, with James Pettit owning the most at 4.57%, followed by Riley Trimble with 1.51%. The rest is retail.
Aben has 28.33 million outstanding shares, a market cap of CA$4.07 million, and a 52-week range of CA$0.06 - CA$0.30.
| Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
For additional disclosures, please click here.
1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
