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Aben Resources Receives 5 Year Area-Based Exploration Permit for the Slocan Graphite Property in Southeastern BC
Vancouver, BC, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the
About this update from Aben Gold Corp
[{"type":"text","content":" Vancouver, BC, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the British Columbia Ministry of Energy, Mines and Low Carbon Innovation has issued the Company a Multi-Year Area-Based mineral exploration permit which will allow Aben to conduct mineral exploration on the Slocan Graphite Property. The permit will be in force for five (5) years with a provisional expiry date of November 15, 2027. The permit provides Aben with the ability to conduct surface trenching and exploration drilling. Jim Pettit, President of Aben Resources, stated “Receiving our 5 year exploration permit for the Slocan Graphite property is a very positive step for Aben. Following on our first comprehensive field exploration of the Property this past summer we can now focus on drill-testing the previously undrilled Tedesco Conductor. We look forward to developing the significant potential for economic graphite mineralization on the Slocan property while we forge a mutually-beneficial, respectful and positive relationship with the local First Nations”. Slocan Project Location The primary exploration target at the Slocan property is known as “The Tedesco Conductor” which is a strong conductive anomaly identified by a 2010 airborne electromagnetic geophysical survey and is coincident with widespread graphite-bearing surface rock samples that range from trace to 4.43% graphitic flake Carbon. Slocan Tedesco Conductor About Slocan Graphite Project The Slocan Graphite Project benefits from excellent infrastructure including forestry road access to and throughout the property, a high-voltage transmission line within 1.0 km of the property boundary and an existing graphite processing facility within 1.5 km of the property. The facility is owned by Eagle Graphite Corporation and is one of only two natural flake graphite production facilities in North America and is currently on care and maintenance. Slocan Infrastructure Aben holds the exclusive right to earn from Eagle Plains Resources Ltd. a 100% interest, less a 2% Net Production Royalty (“NPR”) in the road-accessible Slocan Graphite Project, located 34km northwest of Castlegar, British Columbia. The 2,826 hectare Slocan Graphite Property hosts several flake graphite-bearing outcrops (high values of 3.36...