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Aben feb13presentation Aben feb13presentation Presentation Transcript

  • 1February 2013Canadian Gold, Silver, and UraniumExploration Company DevelopingProperties in the Yukon, NWT, andSaskatchewan’s Athabasca Basin
  • 2Forward Looking StatementsForward Looking StatementsThis presentation may contain forward-looking statements including but not limited to commentsregarding the timing and content of upcoming work programs, geological interpretations, capital andother costs and credits, timing for and results of feasibility study and other programs, receipt of propertytitles, potential mineral recovery processes, and other related matters. Forward looking statementsaddress future events and conditions and therefore involve inherent risks and uncertainties. Actualresults may differ materially from those currently anticipated in such statements. No representation orprediction is intended as to the results of future work, nor can there be any promise that the estimatesand projections herein will be sustained in future work or that the Project will otherwise prove to beEconomic. This presentation contains certain "Forward-Looking Statements" within the meaning ofSection 21E of the United States Securities Exchange Act of 1934, as amended. All statements, otherthan statements of historical fact, included herein are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statements will prove to be accurate, andactual results and future events could differ materially from those anticipated in such statements.Important factors that could cause actual results to differ materially from the Company’s expectationsare disclosed in the Companys documents filed from time to time with the British Columbia SecuritiesCommission and the United States Securities & Exchange Commission.Timothy Termuende, P. Geo. and a director of Aben Resources, is the Qualified Person asdefined by National Instrument 43-101 and has reviewed and approved the technical informationin this presentation.Qualified PersonQualified Person
  • 3Capital StructureCapital StructureTrading Symbol: ABNStock Exchange: TSX VENTUREFrankfurt Symbol: E2LShares Outstanding: 123.9 million sharesFully Diluted: 178.8 million sharesRecent Price: $0.03Trading Symbol: ABNStock Exchange: TSX VENTUREFrankfurt Symbol: E2LShares Outstanding: 123.9 million sharesFully Diluted: 178.8 million sharesRecent Price: $0.03
  • 4Aben Resources’ Management andBoard of DirectorsAben Resources’ Management andBoard of DirectorsRonald Netolitzky, M.Sc. Geology: Director, ChairmanRon Netolitzky serves as Chairman and a Director of Aben. He was previously Chairman and President ofViceroy Exploration Ltd. resulting in the sale of the company to Yamana Gold in 2006. Ron was also Chairmanof Brett Resources Inc., which was acquired by Osisko Mining Corp. in the Spring of 2010. His knowledge ofmineral exploration and aggressive business acumen resulted in exploration success on three WesternCanadian gold and silver projects (all of which became producing mines): the Eskay Creek and Snip depositsin British Columbia and the Brewery Creek deposit in the Yukon.James G. Pettit: Director, PresidentMr. Pettit has been President of Aben Resources since November 2002. He offers over 15 years experiencewithin the industry specializing in finance, corporate governance, management, and compliance. Hespecializes in the early stage development of private, as well as public companies. His background over thepast 15 years has been focused primarily within the resource sector where he has managed and directedjunior mining companies through good times and bad.Timothy Termuende: Director, Qualified Person, P.Geo.Tim Termuende serves as a Director of the Company and is a professional geologist with over 30 yearsexperience in the mineral exploration industry. He has been continuously active in mineral explorationthroughout western Canada since 1976, and currently oversees a broad range of ongoing exploration projectslocated throughout British Columbia, Saskatchewan, the Yukon and the Northwest Territories.
  • 5Aben Resources’ ProjectGeologists and ConsultantsAben Resources’ ProjectGeologists and ConsultantsMike McCuaig, B.Sc.: Project Manager - Justin Gold ProjectMike McCuaig is a Geologist with extensive experience in grassroots exploration, having worked on a numberof projects across British Columbia, Yukon Territory, Saskatchewan, Quebec, New Brunswick, and NovaScotia. Since earning a Bachelor Degree in Geology from St. Francis Xavier University in 2003, he hasworked on a number of projects, exploring for a range of commodities including Au, Ag, Cu, Fe, Pb, U, and Zn.He has spent 2 years as a project geologist and manager on exploration programs in BC, and the Yukonfocusing on gold systems. Mike currently resides in Kimberley, BC and has worked with TerraLogic Explorationsince 2008.Carl Schulze, B.Sc., P. Geo.: Qualified Person – Justin Gold ProjectCarl Schulze has been active as a geologist involved in all aspects of mineral exploration for the past 27years. He has extensive exploration experience and project management throughout the Yukon, northernOntario, British Columbia and Alaska. Carl was active in the Sprogge-Justin area of south-eastern Yukon inthe late 1990s and was responsible for the discovery of numerous gold-bearing showings in the area includingthe Kangas Zone. Carl was the Resident Geologist for the Government of Nunavut for two years gainingexpertise working within Canadas aboriginal communities. He has also been a Director of the Yukon Chamberof Mines since late 2003 and was its President from 2007 to 2010.
  • Aben holds interest in approximately40,000 acres of highly prospectiveground within the eastern flank ofthe Athabasca Basin in northernSaskatchewanMann Lake Uranium Property, Aben40% with Canterra 60% (TSX-V:CTM)Huard / Kirsh Lakes UraniumProject, Aben 49% with DenisonMines 51% (TSX: DML)6Athabasca BasinSaskatchewanAthabasca BasinSaskatchewan
  • Aben owns a 40% interest and Canterra Minerals Corp. (TSX-V: CTM) owns the other60% of the Mann Lake property, which is located approximately 25 kilometres to theSSW of the McArthur River Mine and 15 kilometres to the NE of Camecos Millennium(U3O8) discovery, and occurs at the northern extent of the B1 conductorIn June 2006 Cameco Corp, (TSX: CCO), UEM Inc., and International Enexco (TSX-V:IEC) joint venture on the adjoining Mann Lake property, which is adjoining AbensMann Lake project to the east, announced two high-grade intervals which averaged7.12% U308 over 0.25 metres and 5.53% U308 over 0.4 metresJanuary 2013, Cameco Corporation (52.5%) with International Enexco (30%) andAreva Resources (17.5%) announced that a 21,000 metre (69,000 feet) diamond drillprogram on their Mann Lake uranium project (adjacent to Abens Mann Lake Project)has commenced by the project operator, CamecoThe budget for the 2013 program is $6,000,000, three rigs will be turning on theproperty. In November 2012, Denison Mines Corp. subscribed for 3,600,000 units ofInternational Enexco at a price of $0.50 per unit for aggregate gross proceeds of$1,800,000. Denisons strategic investment was proportional to Enexcos portion of the2013 exploration program on their Mann Lake Property7Mann Lake Uranium ProjectMann Lake Uranium Project
  • Aben owns 49% of the Huard-Kirsch Lakes Uranium Project with DenisonMines Corp. (TSX: DML) owning the other 51%The property is situated approximately 20 kilometres to the NW of CamecoCorporations high-grade McArthur River Uranium MineDuring 2006, Denison Mines completed several exploration surveys on theHuard-Kirsch Lakes project. Exploration has consisted of gridestablishment, boulder geochemistry, as well as airborne and groundgeophysicsThe property is interpreted to be underlain by a conductive meta-sedimentary sequence that has never been drill tested. Interpretations ofthis data suggest that the anomaly represents a favorable target forexploration for unconformity uranium depositsIn 2007, a single hole was drilled by Denison Mines to a depth of 811metres on an untested geophysical anomaly. The hole intersectedfavourable graphitic pelites at a depth shallower than expected. Theoccurrence of the unconformity and prospective uranium host rocks atshallower depths is a very positive development on the property8Huard – Kirsch LakesUranium ProjectHuard – Kirsch LakesUranium Project
  • 9Yukon andNorthwestTerritories ProjectsYukon andNorthwestTerritories Projects1.) 100% interest in 18,314 acre JustinGold Project located in southeastYukon on Tintina Gold Belt2.) Exclusive exploration rights to 574,225acres (comprised of staked claims andprospecting permits) in MackenzieMountain area of NWT3.) Earning 100% interest in 2,718 acreRusty Springs silver-copper-leadproperty north of Dawson City, Yukon4.) 100% interest in 31,382 acre RudeCreek South gold-copper-molybdenumproperty in Yukons White Gold District5.) 100% interest in 1,100 acre Hit GoldProject in east-central Yukon
  • 10Justin GoldProject, YukonJustin GoldProject, Yukon
  • 11Justin Gold Project, YukonJustin Gold Project, YukonAben owns a 100% interest in its flagship, 18,314 acre, Justin Gold Project insoutheast YukonWithin the property claims there is an all-season road servicing the CantungMine to the northThe property has the potential to host both high-grade and bulk-tonnage goldzones within three different styles of mineralization: epithermal, skarn andsediment-hostedWide spread mineralization across the property delineates a NNW trendinganomaly measuring 3.5 km long, and 0.5 km wide encompassing theConfluence, Main, Kangas, and POW ZonesA phase one 2,020 metre diamond drill program consisting of ten drill holeswas carried out in 2011 on the project to assess the potential goldmineralization at the propertys four zonesThe drilling was the first ever completed on the POW, Confluence and KangaszonesThe property was acquired from and past exploration was carried out by Eagle Plains Resources (TSX-V: EPL) , a reporting issuer and otherunrelated operators. The Company has not yet completed the work necessary to verify some of the exploration results and since these resultsare historical in nature and predate National Instrument 43-101 standards they should not be relied upon.
  • 12Justin ProjectClaims MapJustin ProjectClaims Map
  • 13Mineralized Zones at Justin ProjectMineralized Zones at Justin ProjectPCHnPCHyCORPOW ZoneKangas ZoneMain ZoneConfluence Zone
  • 14Justin Gold Project, YukonPOW Discovery ZoneJustin Gold Project, YukonPOW Discovery ZoneIn November 2011, the Company released the first drill hole resultsfrom the drill program in which a significant new green-fields golddiscovery was made at the POW ZoneAben intercepted 60.0m of 1.19 g/t gold in hole JN11009 at a verticaldepth of 113mThe second hole drilled into the POW Zone confirmed the initial golddiscovery with another significant intercept of 11.3m of 2.70 g/t Au inhole JN11010Both exploratory holes drilled into the POW Zone in 2011 interceptednotable gold mineralization and this mineralization is open in alldirections
  • 15Justin Gold Project, YukonKangas Discovery ZoneJustin Gold Project, YukonKangas Discovery ZoneAben also drill tested the Kangas Zone in 2011, located 1.3kmsouth of the POW ZoneA new high grade silver-copper zone was intercepted in holeJN11003: 7320 g/t Ag (234 oz/ton Ag) and 3.52% Cu over1.07m at a down-hole depth of 42mThe hole was terminated within the mineralized interval due topoor ground conditions with follow-up drilling planned for thisyear
  • Kangas Zone Discovery:Hole JN11003 - 7320 g/t Ag, 1.1g/t Au, 3.52% Cu over 1.07m** Poor sample recovery but still significant resultKangas Zone Discovery:Hole JN11003 - 7320 g/t Ag, 1.1g/t Au, 3.52% Cu over 1.07m** Poor sample recovery but still significant resultPOW Zone Discovery:Hole JN11009 – 2.47 g/t Au over 21m within60m of 1.19 g/t AuHole JN11010 – 2.7 g/t Au and 29 g/t Ag over11.3mMultiple rock samples in POW area > 2 g/t AuPOW Zone Discovery:Hole JN11009 – 2.47 g/t Au over 21m within60m of 1.19 g/t AuHole JN11010 – 2.7 g/t Au and 29 g/t Ag over11.3mMultiple rock samples in POW area > 2 g/t AuJustin Gold Project, YukonPOW and Kangas Discovery ZonesJustin Gold Project, YukonPOW and Kangas Discovery Zones
  • 17Justin Gold Project, YukonPOW Discovery Zone GeologyJustin Gold Project, YukonPOW Discovery Zone GeologyMulti-phase precious metal mineralization has been discovered in the POWZone: contact metamorphic skarn (massive replacement stylemineralization) and structurally controlled stockwork vein hostedmineralizationBoth phases of mineralization display geochemical affinity to an IntrusionRelated Gold System (IRGS) and indicates that the mineralizing system waslong-livedSize of porphyry dikes present on property and their spatial distributionindicate that a multi-kilometric intrusive stock is present with large untestedgeophysical anomalies proximal to POW Zone as high-priority drill targetsNotable IRGS deposits within Tintina Gold Belt include Kinross Fort Knoxoperation in Alaska (reserves of 4.3 million ounces of gold), and VictoriaGold’s Eagle Gold Deposit (indicated resources of 4.8 million ounces of goldand inferred resources of 1.5 million ounces of gold)
  • Intrusion Related Gold ModelHart et al, 2002Intrusion Related Gold ModelHart et al, 2002POW and Main Zone SkarnsKangas Zone VeinsConfluence Zone Veins
  • Justin Project Geophysics Compilation(Magnetics Survey)Justin Project Geophysics Compilation(Magnetics Survey)
  • POW ZoneMain ZoneMarch Fault??N SJustin Property Cross Section Looking EastA A’Kangas ZoneCOR PCHKgd?? ?2 kmProperty Scale Cross Sectionof Justin ProjectProperty Scale Cross Sectionof Justin Project
  • 21Justin Gold Project, Yukon2012 Exploration and Drill ProgramJustin Gold Project, Yukon2012 Exploration and Drill ProgramA total of 1,994 metres was drilled in nine holes during the 2012 field seasonwith all seven drill holes that were completed to their target depthssuccessfully intersecting gold mineralization while two holes wereabandoned due to difficult ground conditionsSignificant drill results include 46.4m of 1.49 g/t Au in hole JN12011 and88.5m of 0.73 g/t Au in hole JN12018Mineralization has been traced along surface for approximately 450 metreswest-east by 200 metres north-south and to 205 metres depthThe POW Zone continues to exhibit strong continuity of mineralization andremains open in all directionsThe vast majority of the intrusive stock and its surrounding contact aureoleat the Justin Project have yet to be tested and remain very high prioritytargets for future exploration and drilling
  • POW Zone Cross Section of Drill HolesPOW Zone Cross Section of Drill Holes
  • POW Zone Plan View of Drill HolesPOW Zone Plan View of Drill Holes
  • 24Aben’s SelwynRecce Project,NWTAben’s SelwynRecce Project,NWT
  • 25The Company has been granted exclusive exploration rights to 574,225 acresdirectly east of the Yukon/NWT borderThe area has garnered considerable attention recently with the discovery ofCarlin-style mineralization in the Yukon at ATAC Resources’ (TSX.V: ATC)Osiris gold zone discoveryAben’s permits and recently staked claims cover prospective targets with bothCarlin-style stratigraphy and promising geochemical signaturesThe permits were acquired on the basis of a proprietary geological andgeochemical database obtained by Aben Resources from Eagle PlainsResources (TSX.V: EPL)The database has been assembled through decades of systematic mineralexploration in the Mackenzie MountainsSelwyn Recce Project andProprietary DatabaseSelwyn Recce Project andProprietary Database
  • 26Field crews completed a very large scale regional reconnaissance program onAben’s Selwyn Recce Gold Project in 2011 that included geological mapping,regional prospecting, geochemical surveys and geophysical surveysThe bulk of the field work was carried out on 18 high priority targets with manythousands of samples having been collected including 7368 soil samples, 681rock samples, 668 silt samples, 14 heavy mineral bulk samples and 51petrographic analysis samplesProprietary database exclusive to Aben now consists of 21,000 geochemicalsamples in a very underexplored area of the NWT and the 2011 field work wassuccessful in delineating four high-priority targets warranting further exploration• ENYO target: silver-zinc showing• Suriso target: prospective for intrusion-related gold systems• Bonk target: base metal showing with extensive 6 km horizon• Energizer target: potential for Carlin-style gold mineralizationSelwyn Recce Project andProprietary DatabaseSelwyn Recce Project andProprietary Database
  • 27Hit GoldProject, YukonHit GoldProject, Yukon
  • 28Hit Gold Project, YukonHit Gold Project, YukonLocated 27 km north-northeast of MacMillan Pass andtotals 1,100 acresProject targets skarn/replacement gold mineralizationassociated with Tombstone-Suite intrusives andsurrounding carbonate-rich sedimentsProperty highlights include intrusive-related goldmineralization which returned an average of 7.85 g/t Auover 7.0 metres in trenchesThe property was acquired from and past exploration was carried out by Eagle Plains Resources (TSX-V: EPL) , a reporting issuer and otherunrelated operators. The Company has not yet completed the work necessary to verify some of the past exploration results and since theseresults are historical in nature and predate National Instrument 43-101 standards they should not be relied upon.
  • 29CONTACT INFO.Jim Pettit: PresidentDon Myers or Jordan Trimble: Corporate CommunicationsTimothy Termuende, P. Geo. and a director of Aben Resources, is the Qualified Person as defined by National Instrument 43-101 and hasreviewed and approved the technical information in this presentation.Suite 2230, 885 West Georgia StreetVancouver, BC, V6C 3E8, CANADATel: (604) 687-3376 Fax: (604) 687-3119Toll Free: 1-800-567-8181Web Site: www.abenresources.com Email: info@abenresources.comFrankfurt Symbol: E2LFrankfurt Symbol: E2L