Aben Resources - Investor Presentation
- 1. 1
- 2. Forward Looking Statements Some of the statements in this document may be deemed to be “forward-looking statements”. All statements in this document, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in the forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information. Qualified Person Cornell McDowell, P. Geo., V.P. of Exploration for Aben is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this presentation. 2
- 3. Aben Trading Symbols TSX-Venture Exchange: ABN US OTC Pink Symbol: ABNAF Frankfurt Exchange: E2L2 Shares Outstanding: 30,236,240 Fully Diluted Shares: 50,502,802 Recent Share Price: $0.12 3
- 4. Aben Resources’ Key Directors and Advisory Board Ronald Netolitzky, M.Sc. Geology: Director, Chairman Ron Netolitzky serves as Chairman of the Board of Aben Resources Ltd. Mr. Netolitzky holds a Bachelor of Science degree from the University of Alberta and a M.Sc. degree from the University of Calgary, both in geological sciences. Mr. Netolitzky has been very successful in mining exploration with over 35 years of experience and having been directly associated with three major gold discoveries in Canada that have subsequently been put into production; Eskay Creek, Snip and Brewery Creek. Mr. Netolitzky has been honored with the Prospector of the Year award from the PDAC, and Developer of the Year award from the BC & Yukon Chamber of Mines. In 2015, he was inducted into the Canadian Mining Hall of Fame. James G. Pettit: Director, President & CEO Jim Pettit has been President & CEO 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. Jim was previously Chairman and CEO of Bayfield Ventures Corp. which was bought by New Gold Inc. in January 2015. Timothy Termuende: P.Geo., Director Tim Termuende serves as a Director of Aben Resources Ltd. and is a professional geologist with over 30 years experience in the mineral exploration industry and is a Qualified Person as defined by National Instrument 43-101. Since earning his degree in Geological Sciences at the University of British Columbia in 1987, Mr. Termuende has worked on exploration projects throughout North, Central, and South America and has been personally involved in exploration within the Forrest Kerr, BC area in the early 1990's. He has been continuously active in mineral exploration throughout western Canada since 1976, and currently oversees a broad range of ongoing exploration projects located throughout British Columbia, Saskatchewan, the Yukon and the Northwest Territories. 4
- 5. Cornell McDowell, P.Geo., Vice President of Exploration & Qualified Person Cornell McDowell is a professional geologist registered in both Alberta and British Columbia and serves as V.P. of Exploration of Aben Resources Ltd. He has been self-employed as a geological consultant throughout the past decade with both publicly listed and privately held mineral exploration corporations. Most recently he helped take Gold Reach's Ootsa project from the initial exploration stage through to resource development which ended with the delivery of a positive PEA. He is currently President & CEO of North Sur Resources and serves on the board and audit committee for Manson Creek Resources. Michael Roberts: Ph.D., P.Geo., Technical Advisory Board Mike is a professional geologist with over 15 years of experience in mineral exploration and is currently the V.P. of Exploration for Kiska Metals Corporation. As a field geologist for several junior exploration companies and as V.P. for Kiska, Mike has conducted and managed grassroots to advanced exploration programs for base and breccia metals in North America and Australia, typically in partnerships with major mining companies. Mike is passionate about the mineral potential of B.C., and has been actively involved in exploration programs in the Forrest Kerr area since 2005. Henry Awmack: P.Geo., Technical Advisory Board Henry has over 30 years' experience in the mining industry. As a co-founder of Equity Engineering Ltd. in 1987, Mr. Awmack has managed all aspects of a geological consulting and contracting firm including project planning and execution, hiring of field crews, geological fieldwork, property examinations and preparation of technical reports. He has worked around the world exploring for a variety of commodities, and has extensive "on the ground" experience in the Forrest Kerr, BC area in particular. Mr. Awmack holds a B.Sc (Honours) Applied Science in Geological Engineering from the University of British Columbia and is registered as a professional engineer with the Association of Professional Engineers and Geoscientists of British Columbia. 5
- 6. c CORPORATE HIGH LIGHTS • 3 HIGHLY PROSPECTIVE GOLD PROJECTS IN SAFE AND STABLE JURISDICTIONS The Forrest Kerr Projects in BC’s GOLDEN TRIANGLE The Chico Project located in Saskatchewan The Justin Project located in the Yukon • SIGNIFICANT HISTORIC WORK HAS BEEN PERFORMED ON ALL PROJECTS • DATA COMPILATION HAS BEEN PERFORMED ON ALL PROJECTS WITH RECOMMENDATION TO MOVE FORWARD • VERY EXPERIENCED MANAGEMENT TEAM WITH PROVEN TRACK RECORDS OF SUCCESS 6
- 7. BRITISH COLUMBIA’S GOLDEN TRIANGLE Forrest Kerr Property • The property agreements require a minimum of $3,000,000 CDN to be spent on exploration of the entire project area by June 30, 2020 • The Forrest Kerr Project encompasses in excess of 23,000 hectares • Aben to earn 100% 7
- 8. The Forrest Kerr Project is located in the centre of BC’s Golden Triangle, a World Class Gold District • Greater than 172 M oz Gold endowment • 6 deposits with > 10 M oz Gold • Over 65% of BC’s gold resources are contained within • Multiple deposit types with various ages of mineralization 8 8
- 9. 9 Golden Triangle, B.C. Claims Map 9
- 10. Forrest Kerr Infrastructure Power & Roads • Existing power line and power generation located on southern segment of property • Proposed power line transects northern portion of the property • AltaGas-owned 250 man camp located on property • Project is road accessible to both the north and south portions of the property • Northern road has cut through 9km of geology that is very prospective for hosting high grade gold deposits and VMS style gold deposits 10
- 11. Forrest Kerr Project Favourable Geology • Over 20km of prospective Eskay & Brucejack stratigraphy • Jurassic rocks in under- explored northern portion of property are analogous in time and geochemistry to Eskay Creek host rocks • Property wide alteration and metal endowment show a robust hydrothermal system 11
- 12. Forrest Kerr Project Mineralization • Numerous documented poly-metallic occurrences along extent of property (Au, Ag, Cu, Pb, Zn) • Large property wide multi-element soil geochemical anomalies (over 10,000 soil samples tested) • Several historic localized high grade drill intersections • Evidence for wide range of mineralization styles including Au-Ag rich VMS, epithermal veins, intrusion related vein systems and potential for Alkalic Cu-Au porphyry in the north portion of property 12
- 13. 13 Moving Forward on the Forrest Kerr Gold Project • Limited amount of field work conducted on the Forrest Kerr property in recent years • Previous work was guided through the application of the Eskay exploration model • Re-interpretation of target models is required in light of the significance, size and potential success of other deposits in the Golden Triangle (eg. Brucejack)
- 14. Chico Project Regional Tenure • Silver Standard completed acquisition of Claude Resources May 2016 • Deal valued at $337 million • Seabee/Santoy achieved highest annual gold production in it’s 26 year history in 2016 @ 77,640 ounces from feed averaging 7.91 g/t
- 15. Morelli and MacLachlan, 2012 Chico Project District Geology
- 16. • Major Trans-Hudson crustal feature 1500+ km, oblique to major boundaries • Long history of re-activation • Passes within 8km of Santoy and 100 km of 40M oz Homestake, SD • Numerous gold showings on trend in Saskatchewan Chico Project District Geology
- 17. Chico Property Geology & Highlights • Two north trending diorite lenses (100-300m wide) in granite/granodiorite • Previous operators: Corona, Cameco, Wayne Fisher, Northwind Resources • Chico Trend extends over 1.5kms • Over 100 samples > 500 ppb in eight trenched areas
- 18. Chico Property Geology & Highlights • Historic and 2016 Soil samples consistently anomalous along Chico Trend up to 4523 ppb • Best results from ribbon quartz vein stockwork within shear zone especially near contacts • Right lateral shear system understood but largely untested
- 19. Chico Property Geology & Highlights • Significant intercepts in all holes drilled to date • High grade intercepts from historic drilling – 0.424 oz/ton Au over 0.4m at Chico showing – 0.281 oz/ton Au over 2.0m at Royex • Historic drilling was shallow. Opportunity to test along known strike and at depth
- 20. Chico Project 2016 Airborne Geophysics • Effective in delineating diorite/gabbro lithology Total Magnetics Vertical Gradient Magnetics
- 21. Chico Project - Seabee / Santoy Similarities • Shear hosted gold bearing quartz veining in secondary splays • Multi-episodic tension gash, ribbon and sheeted quartz vein arrays • Gabbro and granite host rocks • Positive gold, copper and silver geochemical associations • Potassic, carbonate, hematite, calc- silicate and silica alteration
- 22. Chico Project Future Work • Project is drill ready – drilling permits have been obtained – Along strike and to depth near previous high grade intercepts – Soil/rock geochemical anomalies – intersecting mineralized vectors • IP Geophysical surveys to help refine identify additional targets • Follow up 2016 geochemical anomalies in context of new structural interpretation and geophysical data • Continued prospecting, geochemical surveys and mapping
- 24. 24 Justin Project Claims Map • Aben owns a 100% interest in its 18,314 acre, Justin Gold Project in southeast Yukon • The property has the potential to host both high-grade and bulk-tonnage gold zones within three different styles of mineralization: epithermal, skarn and sediment-hosted • Wide spread mineralization across the property delineates a NNW trending anomaly measuring 3.5 km long, and 0.5 km wide encompassing the Confluence, Main, Kangas, and POW Zones
- 25. Kangas Zone Discovery: Hole JN11003 - 7320 g/t Ag, 1.1 g/t Au, 3.52% Cu over 1.07m* * Poor sample recovery but still significant result POW Zone Discovery: Hole JN11009 – 2.47 g/t Au over 21m within 60m of 1.19 g/t Au Hole JN11010 – 2.7 g/t Au and 29 g/t Ag over 11.3m POW Zone open in all directions Justin Gold Project, Yukon POW and Kangas Discovery Zones
- 26. 26 Justin Gold Project, Yukon: POW Discovery Zone • Multi-phase precious metal mineralization has been discovered in the POW Zone: contact metamorphic skarn (massive replacement style mineralization) and structurally controlled stockwork vein hosted mineralization • Both phases of mineralization display geochemical affinity to an Intrusion Related Gold System (IRGS) and indicates that the mineralizing system was long-lived • Size of porphyry dikes present on property and their spatial distribution indicate that a multi-kilometric intrusive stock is present with large untested geophysical anomalies proximal to POW Zone as high-priority drill targets • Notable IRGS deposits within Tintina Gold Belt include Kinross' Fort Knox operation in Alaska (reserves of 4.3 million ounces of gold), and Victoria Gold’s Eagle Gold Deposit (indicated resources of 4.8 million ounces of gold and inferred resources of 1.5 million ounces of gold
- 27. Justin Project Geophysics Compilation (Magnetics Survey)
- 28. POW Zone Main ZoneMarch Fault ? ? N SJustin Property Cross Section Looking East A A’Kangas Zone COR PCHKgd ? ? ? 2 km Property Scale Cross Section of Justin Project
- 29. Justin POW Zone Cross Section of Drill Holes
- 30. CONTACT INFO. Jim Pettit: President & CEO Don Myers: Investor Relations Suite 1610, 777 Dunsmuir Street Vancouver, BC, V7Y 1K4, CANADA Tel: (604) 687-3376 Fax: (604) 687-3119 Toll Free: 1-800-567-8181 Web Site: www.abenresources.com Email: [email protected] 30