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Gold & Silver
Yukon
Selwyn Recce NWT
Uranium Projects
Mann Lake & Huard-Kirsch Lakes Uranium Projects - Athabasca Basin,Saskatchewan
| Rude Creek South Gold Property, Yukon Territory
The Rude Creek South property is located in the heart of Yukon's White Gold District approximately 40 kilometres southeast of Kaminak Gold Corp.'s (TSX.V: KAM) Coffee Creek gold property, 60 kilometres southeast of Kinross' (TSX: K) (previously Underworld Resources') Golden Saddle gold deposit, and 10 kilometres east of Western Copper Corp.'s (TSX: WRN) Casino gold, copper and molybdenum deposit. This deposit contains a resource of 8 million ounces of gold, 4.4 billion pounds of copper and 475 million pounds of molybdenum. In 2010, Kaminak Gold Corp. executed the first ever drill program on the 150,000 acre Coffee property and drilled 8 separate and closely-spaced gold discoveries within a 10 kilometre strike length. Notable discovery holes include 15.5 metres of 17.1 g/t Au at the Supremo Zone, 83.93 metres of 1.08 g/t Au at the Latte Zone, 35 metres of 6.3 g/t Au at the Double Double Zone, and 56.75 metres of 2.21 g/t Au at the Kona Zone.
The Rude Creek South property is subject to a two percent (2%) net smelter return royalty ("NSR") in favour of the Optionor. Aben has been granted a right to purchase a 1% NSR at any time prior to the commencement of commercial production for the consideration of $1,000,000.
Geochemistry on Rude Creek South Property
2011 Exploration Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects of the 2011 exploration and drilling programs on the Company's Yukon and Northwest Territories projects. Through TerraLogic, Aben has arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration planned for this year. Exploration work is expected to commence in early June depending on the rate of snow melt. The Company's estimated budget for its exploration programs on its properties this summer is approximately $5 million. TerraLogic Exploration is a subsidiary of Eagle Plains Resources and provides exploration and geologic consulting services to the mining and exploration industry. The company has been operating mineral exploration projects in North America since 1992 and has extensive experience up in the Yukon and Northwest Territories. TerraLogic has worked for some notable companies including Teck and BP. Tim J. Termuende, P.Geo., is a director and the Qualified Person for Aben Resources as defined by National Instrument 43-101 and has reviewed and approved the technical information in this project section. | |||||
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