The Uptick Newswire Stock Day Podcast welcomed Aben Resources Ltd.
(TSX-V:
ABN) (OTCQB:
ABNAF)
(Frankfurt:
E2L2) (Aben or The “Company”),
which is a publicly traded Canadian gold exploration company in the
country’s Golden Triangle. President, Chief Executive Officer, and
Director of Aben Resources, Jim Pettit, joined Stock Day’s Everett
Jolly.
Jolly started the interview by asking about the key drilling
highlights from 2018 and asked Pettit where the company goes from
here. Pettit said one of the key aspects is they started drilling
early in the season and hit gold right away.
“We managed to follow up on the 2017 discovery holes where we
hit a high-grade gold zone. What we did this past drill season is
we drilled underneath it because it was open on all sides and at
depth and we came in and it was stunning. 38 grams over 10 meters
and 62 grams over 6 meters. Pretty spectacular stuff. So, that
sparked the market and allowed us to go out and raise, immediately,
$6 million.”
Pettit explained that the Company managed to bring in Eric
Sprott as a main investor. Sprott is a Canadian billionaire
businessman, who Pettit describes as a bit of a legend in the gold
industry. Pettit also says this enabled them to double their
drilling program, last year, taking the figures from 5,000 meters
of drilling to 10,000 meters of drilling.
“We’ve got a lot more targets to test,” says Pettit. “One of the
things this year that constrained us, it was difficult because we
only had 9 drill pad locations approved, so you are stuck with
those pad locations. We had applied for 40 more and as it turned
out, once we had stopped drilling at the end of the season, we got
our permits. The government had stopped issuing new permits because
the fire season was so bad up there. It was a bit of a nuisance for
us.”
This year he says they now have 40 pad locations to work with
and a variety of targets that they could not get to last year.
Pettit also explained that their data shows they have at least 20
more areas on the Forrest Kerr property to test. Jolly then asked
what we might know from the Forrest Kerr project in 2019.
“We are going to have a better understanding of what we are
looking at,” said Pettit. “A 3D model is being done right now and
all of the data compilation from the season. We’ve got 45 holes
now, so all of that analysis is there and it’s going to get
plotted.”
Jolly then asked what are the plans for this year and if they
have enough money in the coffers to go forward. Pettit said they
raised $7 million last year, and they still have about $6.5
million.
“It paid all of 2018’s work. We’ve got all of the money we need,
we don’t need to raise money at all.” He went on to say, “We also
have interest in our Yukon property, and we may put some cash up
there.”
Pettit said that revenues are off in the distance a bit; they
are still in the discovery phase. However, he mentioned that the
discovery phrase is when the investors really start looking at
you.
“We have targets all over the property, we have lots of work
ahead of us.”
To hear more about Aben Resources Ltd.’s efforts in the Golden
Triangle listen to the full Stock Day podcast here:
https://upticknewswire.com/featured-interview-ceo-jim-pettit-of-aben-resources-ltd-otcqb-abnaf-4/
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick
Newswire encourages listeners to visit the company’s message board
at https://investorshangout.com/
About Aben Resources Ltd.
Aben Resources (TSX-V: ABN) (OTCQB: ABNAF) is a publicly traded
Canadian Gold Exploration Company advancing projects in British
Columbia's Golden Triangle, Saskatchewan and the Yukon.
The flagship Forrest Kerr Project located in BC’s Golden
Triangle region proximal to recent discoveries made by GT Gold,
Colorado Resources, and Garibaldi Resources. The Chico Project
located in Saskatchewan which was recently ranked the #1 mining
jurisdiction globally by the Fraser Institute. The Justin Project
located in the Yukon adjacent to Golden Predator’s 3 Aces
Project.
Learn more here: https://abenresources.com/
About Jim Pettit Jim Pettit has been President
and Chief Executive Officer and a Director of Aben Resources Ltd.
since November 2002. Mr. Pettit is currently serving on the board
of directors of five publicly traded companies and offers over 25
years of experience within the industry specializing in finance,
corporate governance, executive management and compliance. Mr.
Pettit was previously Chairman and C.E.O. of Bayfield Ventures
Corp. which was bought by New Gold Inc. in January 2015.
Contact: Jim Pettit at info@abenresources.com or 604 687-3376 or
1-800-567-8181
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results. Additional information
concerning these and other risk factors are contained in the
Company’s most recent filings with the Securities and Exchange
Commission. The Company cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. The Company does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in their expectations or any change in events, conditions or
circumstances on which any such statement is based, except as
required by law.
About Uptick Newswire and the “Stock Day”
Podcast
Founded in 2013, Uptick Newswire is the fastest growing media
outlet for Nano-Cap and Micro-Cap companies. It educates investors
while simultaneously working with penny stock and OTC companies,
providing transparency and clarification of under-valued,
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is an extension of Uptick Newswire, which recently launched its
Video Interview Studio located in Phoenix, Arizona.
SOURCE:Uptick
Newswire602-441-3474https://upticknewswire.com/
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