Aben Resources (TSX.V: ABN) is a Canadian gold and silver exploration company with a focus on developing properties in the Yukon.
The Company acquired from Eagle Plains Resources (TSX.V: EPL) a 100% interest in two gold exploration properties known as the Justin and Hit Projects located in the eastern Yukon Territory. A phase one 2020 metre diamond drill program consisting of ten drill holes was carried out in 2011 on the 11,098 acre Justin Project to assess the potential gold mineralization at the property's POW, Confluence, Kangas and Main zones. The drilling was the first ever completed on the POW, Confluence and Kangas zones. Aben recently released the drill hole results from the 2011 program in which a significant new greenfield gold discovery was made at the POW Zone on the Justin Project. The Company intercepted 60.00 metres of 1.19 g/t gold in hole JN11009 at a vertical depth of 113 metres. Additionally, a new high grade silver-copper zone was discovered at the Kangas Zone with hole JN11003 returning 1.07 metres of 7320 g/t silver (234 oz/ton) and 3.52% copper near surface. As a result of these discoveries on the Justin Project, Aben has staked 7,058 additional acres of mineral tenure in the immediate vicinity of the project. This new ground will facilitate an even more aggressive work program next season.
Ron Netolitzky serves as Chairman and a Director of the Company. 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.
He has extensive exploration and mine development experience, and is an officer and director of a number of public mining companies currently involved in mineral exploration throughout the world. He was previously Chairman and President of Viceroy Exploration Ltd., which achieved exploration success with its Gualcaymayo gold project in Argentina resulting in the sale of the company to Yamana Gold in 2006. Mr. Netolitzky was also Chairman of Brett Resources Inc., which was acquired by Osisko Mining Corp. in the Spring of 2010.
Mr. Netolitzky has been directly involved in the mineral exploration industry in Western Canada since 1964. His knowledge of mineral exploration and aggressive business acumen resulted in exploration success on three Western Canadian gold and silver projects (all of which became producing mines): the Eskay Creek and Snip deposits in British Columbia and the Brewery Creek deposit in the Yukon. He was honored with the Bill Dennis Prospector of the Year Award in 1990 by the Prospectors and Developers Association of Canada.
James G. Pettit, Director, President
Jim Pettit has been President and a Director of Aben Resources Ltd. since November 2002. Mr. Pettit is currently serving as a Director on the Boards of 7 junior resource companies and offers 15 years experience within the industry specializing in finance, corporate governance, management, and compliance.
He specializes in the early stage development of private, as well as public companies. His background over the past 15 years has been focused primarily within the resource sector where he has managed and directed junior mining companies through good times and bad.
Timothy Termuende, Director, Qualified Person
Tim Termuende serves as a Director of the Company 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. He is currently the President and Chief Executive Officer of Eagle Plains Resources Ltd. (TSX-V: EPL) and Copper Canyon Resources Ltd. (TSX-V: CPY) in addition to serving as Director of a number of other Public Companies.
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 inspected mineral deposits in the former Soviet Union. 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.
Donald C. Huston, Director
Don Huston serves as a Director of the Company and has been associated with the mineral exploration industry for over 25 years. Mr. Huston has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan. Mr. Huston serves as a Director of 5 Canadian public resource companies.