ThSeeker
5年前
Aben Reports Further Drill Results from 2019 Exploration Program at the Forrest Kerr Gold Project in BC’s Golden Triangle
BY GlobeNewswire
— 8:00 AM ET 10/21/2019
VANCOUVER, British Columbia, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Aben Resources Ltd. ( ABNAF ) (“Aben” or “the Company”) has received and interpreted additional analytical results from drill holes FK19-55 through FK19-63. These results are from the 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. This release reports on drill holes located within the Boundary Valley but distal to the main mineralized zone at North Boundary. Part of a second phase of drilling, these holes tested for precious and base metal mineralization along geologic structures and contacts located outboard from known mineralization toward the margins of the large hydrothermal system present on this part of the Forrest Kerr Property.
The 2019 drill program sought to increase the mineralized footprint in the Boundary valley, test outlying fault and shear structures for potential mineralization and to ultimately vector toward a heat and mineralizing source for the focused high-grade precious and base metal mineralization recently discovered on the Property.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Drill hole FK19-55 (250, -80), a sub-vertical hole collared in the Cracko zone, tested for polymetallic mineralization at depth near the southern limit of the North Boundary zone (450 m south of the mineralized center). 26 separate meter-long intervals returned Au values between 0.10 and 1.26 g/t Au with periodic Ag-Cu+/- Zn mineralization. Hole 55 was the deepest hole drilled on the Property thus far (525 meters vertical depth) and shows the mineralized zone at North Boundary that now measures 750 m x 250 m is still highly prospective at depth.
Forrest Kerr North Boundary Mineralized Plan View map:
https://abenresources.com/site/assets/files/4855/abn_n_boundary_min_plan_view.jpg
Drill holes FK19-56?58 were collared from the same pad to target mineralization associated with the Cracko fault. Holes 56 & 57 failed to cross this important structure and were abandoned prior to the target depth. Hole 56 encountered multiple isolated mineralized horizons that returned a range of polymetallic mineralization including Au (trace to 3.08 g/t), Ag (trace to 5.1 g/t), Cu (trace to 13,550 ppm) and Zn (trace to 20,600 ppm). Hole FK19-57 did not discover significant mineralization before being abandoned at 138 meters. Hole FK19-58, drilled more Easterly and at a steeper dip (090, -55) than the previous two holes, crossed the fault and ended within a poorly mineralized and intensely sericite altered rock package.
Drill holes FK19-59?61 were drilled in a fan pattern at South Boundary, located 2.5 km south of the main mineralized core at North Boundary. These three holes tested the flanks and breadth of multiple fault and shear structures within an area that represents a major structural culmination within the Boundary valley. Holes 59 and 60, drilled NNE at a -45 degree dip, encountered multiple disjunct horizons with modest Au grades (< 1.0 g/t). Hole FK19-61 (090, -48) was drilled across a major structural intersection outlined by an airborne magnetic survey completed in May 2019. This hole intersected multiple 1-meter intervals of modest Au (trace to 0.79 g/t) and Ag (trace to 11.4 g/t) mineralization with intermittent spikes in Pb (trace to 15,500 ppm) and Zn (trace to 58,800 ppm). Of note and potential importance in hole 61 was the discovery of a strongly pyritic bedded sedimentary sequence between two prominent NE trending lineations. This style of deposition and mineralization has characteristics of VMS-style stratiform mineralization found in rift environments, such as the Eskay Creek deposit, located 30 km to the Southeast. This style of mineralization had not been previously observed by Aben personnel on the Property and will be closely examined and followed up with field work and potential drill testing.
Drill holes FK19-62 & 63 were also drilled at South Boundary, about 500 m North of holes 59 ? 61 and 300 m South of holes FK18-19, 20 & 21 (reported October 16, 2018). Both holes intersected coherent zones of modest grade gold mineralization with hole 62 (110, -45) reporting an average of 0.12 g/t Au between 78-135 meters (57 m) and hole 63 (110, -55) returning 0.10 g/t Au between 75-125 meters (50 m). Hole FK19-62 also encountered a separate zone between 291-337 meters that returned an average grade of 0.12 g/t Au over 46 m. Both holes intersected isolated horizons of strong Ag-Cu-Zn mineralization. The apparent mineralized corridor defined by gold values in holes 19, 20, 21, 62 & 63 measures in excess of 500 m in strike length over a lateral distance between 100-150 m. It is open toward the North and South and at depth.
Jim Pettit, President and CEO of Aben Resources ( ABNAF
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) states, “We are pleased with the progress of exploration to date as we have now defined gold mineralization at North Boundary over an area measuring roughly 750 x 250 meters that is still open at depth. We have also discovered a second 500-meter mineralized corridor at the South Boundary Zone that is open to the North and South as well as at depth. We drilled a zone at the southern margins of South Boundary that displays characteristics of VMS-style mineralization, a mineralization style not previously observed in the Boundary Valley. This newly found occurrence could prove to be significant and is indicative of the strength of the hydrothermal system present at Forrest Kerr with the presence of high-grade mesothermal veins and widespread porphyry-style alteration and mineralization. Aben has amassed a sizeable and growing database on the Forrest Kerr Property and we look forward to receiving analytical data from the remaining seven holes of the season.”
The 2019 exploration season has now concluded with over 9600 meters drilled in 25 drill holes. Thus far, drilling at Forrest Kerr has only tested a small portion of known targets defined by rock, soil and geophysical anomalies. Base and precious metal mineralization has now been defined over an area measuring in excess of 750m x 250m at North Boundary and 500m x 150m at South Boundary. Mineralization corresponds to multiple and widespread fault and shear zone structures within a panel of Jurassic Hazelton rocks that dominate the Boundary valley.
Forrest Kerr North & South Boundary Zone Drill Hole map:
https://www.abenresources.com/site/assets/files/4826/abn_boundary_drill_plan_october_21.1024x0.jpg
Airborne Magnetic Survey from Boundary Zone on the Forrest Kerr Project:
https://abenresources.com/site/assets/files/1/Forrest-Kerr-Mag-Images-from-Boundary.pdf
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
Analytical and QA/QC description:
All 1- or 2-meter drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75-micron screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire assay with gravimetric finish. ALS performed multi-element ICP-AES package ME-ICP41 in their Vancouver facility to test for 35 other elements. In addition to the quality assurance and quality control program performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates into the sample stream at the rate of one QA/QC sample in every 10 samples.
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JAMES G. PETTIT
President & CEO
ThSeeker
5年前
Aben Continues to Expand Mineralized Footprint at the North Boundary Zone at the Forrest Kerr Gold Project in BC’s Golden Triangle
BY GlobeNewswire
— 8:00 AM ET 09/18/2019 OLD NEWS but posting anyway
VANCOUVER, British Columbia, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Aben Resources Ltd. ( ABNAF ) (“Aben” or “the Company”) has received and interpreted additional analytical results from the ongoing 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. The latest results continue to outline widespread polymetallic mineralization throughout the North Boundary Zone. These results are from 5 drill holes located at the margins and well outboard of the main mineralized core at North Boundary.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Highlights from hole FK19-52 include a 16 meter (m) interval (between 323-339m) that averaged 2.22 g/t Au, 2.39 g/t Ag and 3050 ppm Cu. Included in this zone are two separate 1m high-grade intervals of 19.85 g/t Au, 9.10 g/t Ag, 6810 ppm Cu and 11.30 g/t Au, 8.70 g/t Ag & 14900 ppm Cu. This mineralized zone was encountered roughly 100m below and 50m southward of historic high-grade gold mineralization discovered in 1991 (reported as 326.0 g/t Au over 1m by Noranda). Other discrete 1m intercepts from hole 52 include highs of 20.1 g/t Ag, 6.0% Cu, 0.76% Pb and 0.87% Zn. Hole FK19-53 intersected multiple zones of anomalous gold (>0.2 g/t) with the most coherent zone between 346-364m (18m) returning average values of 1.24 g/t Au, 2.47 g/t Ag and 3459 ppm Cu. Included in this zone are two 1m high-grade intervals of 5.72 g/t Au, 8.70 g/t Ag and 5860 ppm Cu and 8.09 g/t Au, 5.40 g/t Ag & 14200 ppm Cu. This zone is significant as it occurs on the West side of the Nelson Creek fault, which previously lacked evidence of precious and base metal mineralization. Hole FK19-54 was drilled in the same direction at a steeper dip angle (-60) than hole 53 and also intersected several 1 to 2m intervals of modest grade polymetallic mineralization. Between 203-215m (12m) gold averaged 1.05 g/t, silver 1.71 g/t and copper 2108 ppm (with individual highs of 7.14 g/t Au, 4.80 g/t Ag and 11550 ppm Cu over 1m). The mineralization encountered in holes 53 & 54 was discovered roughly 450m south of the main high-grade gold discoveries at North Boundary.
Base and precious metal mineralization has now been defined over an area measuring in excess of 600m x 250m at North Boundary (see map link below). Mineralization corresponds to multiple and widespread fault and shear zone structures within a panel of Jurassic Hazelton rocks that dominate the Boundary valley. The mineralized structures correlate very well with magnetic highs that were delineated by an airborne survey flown in May 2019. The 2019 drill program will focus on increasing the mineralized footprint in the Boundary valley and will seek to discover a heat and mineralizing source for the robust hydrothermal system present on this part of the property. As a result, analytical results are expected to continue to exhibit a range of values from trace to high-grade.
Forrest Kerr North Boundary Mineralized Plan View map:
https://abenresources.com/site/assets/files/1/ABN-N-Boundary-Min-Plan-View.jpg
Over 8000 meters have now been drilled in 21 holes with a projected seasonal total close to 10,000 meters by the end of September. Thus far, drilling at Forrest Kerr has only tested a small portion of known targets defined by rock, soil and geophysical anomalies. A brief summary of all of the holes included in this release can be found below.
Forrest Kerr North Boundary Zone Drill Hole map:
https://abenresources.com/site/assets/files/4855/abn_2019_north_boundary_drilling_sept.jpg
FK19-47 (110/-60) – Drilled from the same pad as FK19-46 (previously reported August 20, 2019 at 0.12 g/t Au over 500.5 meters) at a steeper dip to test for continuity of mineralization below 47 and between the main mineralized zone at North Boundary and historic high-grade gold mineralization reported by Noranda in 1991 (326.0 g/t Au over 1 meter). Hole 47 encountered multiple modest-grade gold (<1g/t Au) intercepts with intermittent Ag-Cu-Pb-Zn mineralization. Analytical results returned by both 46 & 47 have pushed the edge of known mineralization substantially Eastward.
FK19-48 (135/-45) – Drilled from a location 100 meters North of the main mineralized zone at North Boundary to test for potential Northeastward extension of mineralization. This hole failed to intersect significant precious metal mineralization.
FK19-49 (195/-57) – Drilled from the same pad as FK19-50 (previously reported August 20,2019 0.46 g/t Au over 61.7 meters starting at 188.0 m) at a shallower dip. Both holes 49 & 50 were planned to test for the downward extension of a mineralized horizon discovered in 2018 (holes FK18-17 & 18) situated approximately 50 meters NW of high-grade Au-Ag-Cu mineralization at North Boundary. Hole 49 intersected weaker gold mineralization (0.52 g/t Au over 8m) than the steeper hole 50 but the combined result of the two holes shows a 20+m extension to the zone encountered in 17 & 18.
full report
https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=ABNAF&storyid=201909180800PRIMZONEFULLFEED7718750&provider=PRIMZONE&product=FULLFEED
ThSeeker
5年前
From NIA:
Due to a HUGE increase in Golden Triangle exploration drilling over the past two years, the BC assay labs that all the Golden Triangle gold explorers use are backed up, but don't worry because ABN's assay results are coming very soon and NIA is 100% confident that Aben Resources (TSXV: ABN) will surpass the very low expectations currently priced into the stock at $0.12 per share with a market cap of only CAD$14 million! Right now, we believe the market is only pricing in ABN's best 3-4 intercepts to average approximately 30 grammeters of gold equivalent. In our opinion, a worst case scenario would probably be ABN's best 3-4 intercepts averaging around 50 grammeters of gold equivalent and even in that very disappointing scenario it would still likely result in ABN surpassing its current key breakout point of $0.145 per share where it peaked last week after gaining 31.82% from NIA's initial suggestion at $0.11 per share. When ABN breaks $0.145, look for it to potentially explode to $0.17-$0.20 per share within the following 24-48 hours, in our opinion! If ABN's assay results are very strong like we expect, ABN could potentially gap up to over $0.15 per share on the day its assay results are published!
ThSeeker
5年前
NIA comments today:
After we first profiled Aben Resources (TSXV: ABN) one week ago at $0.11 per share, it gapped up that morning to open at $0.12 per share before exploding an additional 20.83% to reach a high the following day of $0.145 per share. We have heard from many NIA members who were concerned about the gap that was created last week between $0.11 and $0.12 per share. This gap needed to be filled in before the stock can rise to prices of $0.15 per share and higher. It appears as though this gap is about to be filled in today!
Historically going back to July 2017, if you have entered ABN at a price of $0.12 per share or lower, ABN has averaged a return over the following one month period of 60.38%! In fact, if you have entered ABN at a price of $0.11 per share or lower, ABN has averaged a return over the following one month period of 102.25%! Click here to see for yourself!
Later today, we will be sending out ABN's historical drilling results so that you can get an idea of the high grade gold that exists at its Forrest Kerr property in the Golden Triangle of BC. We do not know the exact day that ABN will receive back its latest 2019 drilling results from the assay lab, but we are confident it will be a very positive catalyst for the stock!
ThSeeker
5年前
NIA comments
Earlier this week, a gold explorer located east of Aben Resources (TSXV: ABN)'s Forrest Kerr Golden Triangle, BC project called Benchmark Metals (TSXV: BNCH), which has been conducting a drilling campaign at its Lawyers project, announced that it intercepted 85.1 g/t of gold equivalent over 2.87m for 244.24 grammetres of gold equivalent and BNCH's share price rose 17.8% to $0.43 per share where it reached a market cap of CAD$45.34 million. This followed BNCH's September 20th news that it intercepted 5.01 g/t of gold equivalent over 25m for 125.25 grammetres of gold equivalent. Back on August 16th, BNCH intercepted 3.25 g/t of gold equivalent over 26.75m for 86.94 grammetres of gold equivalent.
SIx months ago prior to BNCH launching its drilling campaign it was trading for only $0.17 per share. BNCH's strong drilling results have caused its share price to rise as much as 167.65% to a new 52-week high of $0.455 per share while the company has successfully raised a total of CAD$9.5 million this year in private placements at an average issuance price of $0.293 per share.
ABN's market cap at its current price of $0.13 per share is only CAD$15.17 million when ABN's historical drilling results have been very similar to BNCH and ABN is set to release its latest drilling results for 2019 in the upcoming days! Six months ago, ABN's market cap was 3.39X the market cap of BNCH. Today, ABN's market cap is only 0.377X the market cap of BNCH! ABN's market cap was equal to BNCH as recently as August 26th and after ABN releases its new drilling results this month we expect to see ABN's valuation immediately return to a level that is at least equal to BNCH. Click here to see for yourself!
Since August 2018, ABN has raised a total of CAD$6.33 million in private placements at an average issuance price of $0.298 per share. ABN's average private placement issuance price of $0.298 per share has been 1.7% higher than BNCH's average private placement issuance price of $0.293 per share, yet while BNCH reached a high this week of $0.43 per share up 46.76% from its recent average private placement issuance price... ABN at its current price of $0.13 per share is currently 56.38% below its recent average private placement issuance price! ABN must gain by 129.23% just to return to the price where major institutional investors like billionaire Eric Sprott invested a total of $6.33 million!
Sprott was also a buyer of ABN shares in the open market at $0.38 per share! ABN must gain by 192.3% just to return to the price where the world's most successful gold investor purchased shares in the open market! Check out NIA's must see charts of ABN's market cap vs. BNCH's market cap by clicking here!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ABN of US$20,000 cash for a one-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment adv
National Inflation Association
Gerard Adams
ThSeeker
5年前
What Makes This Gold Market Rally Different From All Others?
Michael Kosares
October 9, 2019
1. It is led by institutions and funds, not private investors. Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as represented by the growth in ETF stockpiles, is one of its hallmarks and represents one of the major differences between this gold rally and rallies of the past. Though private investors have been late to the game, the rapid development of the physical market for gold coins and bullion in the United Kingdom is testament to the fact that sentiment can change quickly.
2. Day-to-day price reversals often originate in Asia and Europe, not just the United States. For decades, the U.S. commodity markets set the tone for gold pricing and the rest of the world was content to follow. Even the old London price fix tended to follow along with trends established in the United States. That all changed when the Shanghai gold market began offering its own pricing mechanism and the effects of Brexit began to have a profound impact on both sides of the English Channel. Now, price reversals often begin in Asian or European markets overnight and carry over to the open in New York rather than the other way around. All of this is a reflection of ramped up global investor interest in gold and a leveling of the playing field in terms of who and what influences the price on a daily basis. As such, it comprises our second important difference between the current gold price rally and rallies in the past.
3. Central banks are buyers of physical gold, not sellers. In 2011 something unusual happened in the gold market. Central banks flipped from being net sellers of the precious metal to net buyers reversing a 40-year trend. Since then, the official sector has added 4,563 metric tonnes to their coffers (through the first half of 2019) – a 15% gain in stockpiles to 34,407 metric tonnes. The gold that central banks take off the market, though, is only part of the story. The rest has to do with how domestic production in two key producing countries – China and Russia (the world’s number one and three producers) – is treated. Both countries channel their mined metal into national reserves rather than selling it in the global marketplace. Many analysts see this new and evolving approach to gold reserves as the key difference between the present gold rally and rallies of the past.
4. Bullion banks are covering their shorts on price retreats, not piling-on. Declining global interest rates have put a damper on another traditional source of physical gold supply – bullion bank leasing programs. “We can conclude,” writes gold market analyst, Alasdair Macleod, in an insightful paper published at the GoldMoney website, “that the basis for highly geared interest rate arbitrage by borrowing gold is running into a brick wall. Not only is there no incentive for lessors but also there is also a diminishing appetite for lessees because the opportunities are vanishing. Synthetic gold liabilities are being gradually reduced, not only by ceasing the creation of new obligations, but by buying bullion to cover existing ones. This will have been particularly the case when the USD yield curve began to invert in recent months (itself a backwardation of time preference), and was the surface reason, therefore, that the gold price moved rapidly from under $1200 to over $1500.” This change in direction for bullion banks represents another fundamental difference between this rally in the gold price and rallies of the past. What’s more, given the entrenched low-rate environment, it looks like it might remain a factor for some time to come.
5. Yields in economically important parts of the world are negative, not positive. Negative interest rates are a reality in both the European Union and Japan, and Alan Greenspan said recently that it is “only a matter of time” before they spread to the United States. One of the arguments against gold over the years has been that it costs money to own it. Now it costs money to own euros and yen, and before too long it might cost money to own the dollar as well. The advent of negative rates is perhaps one of the more profound differences between this gold rally and rallies of the past. It might also prove to be the most enduring. “One of the reasons,” Greenspan added in that same CNBC interview, “the gold price is rising as fast as it is – you know, at $1500 a troy ounce . . . What that is telling us is that people are looking for resources they know are going to have a value 20 years from now, or 30 years from now, as they age and they want to make sure they have the resources to keep themselves in place.”
ThSeeker
5年前
NIA has just posted a 2019 year-to-date chart comparing the managed money net long position in gold futures contracts vs. the price of gold. Gold finished 2018 at $1,285 per oz and hedge funds at that time were net long gold by 72,711 contracts. Nine weeks into 2019, despite gold's managed money net long position declining by 34.16% to 47,872 contracts, gold showed tremendous strength by finishing March 5, 2019 at $1,284 per oz practically unchanged for the year. Over the following eight weeks, gold's managed money net long position declined by another 78.19% to only 10,440 contracts, yet gold amazingly finished April 30, 2019 at $1,285 per oz unchanged for the year despite gold's managed money net long position declining by 85.64% during the first four months of 2019!
At this point, gold was like a coiled up spring ready to explode with hedge funds short 93,220 gold futures contracts, which ranked it in the 93rd percentile of historical levels. Over the following five months, 82% of gold's managed money short sellers got squeezed and were forced to cover, reducing gold's managed money short position to a new 84-week low on September 24, 2019 of 16,791 contracts. During this time period, gold's managed money net long position EXPLODED by 2,697.57% to a new all-time high of 292,066 contracts as the price of gold increased by 19.14% to $1,531 per oz! Click here to see for yourself!
Over the following week, gold got slammed down by $52 to finish October 1st at $1,479 per oz as a result of hedge funds dumping 17.63% of their net long position! Since then, gold has rallied by $28 to $1,507 per oz! NIA strongly believes that gold already bottomed last week and its next move is to $1,600 per oz with HUGE catalysts ahead at the end of October such as a likely no deal Brexit! Keep in mind, when gold settled one week ago at $1,479 per oz with a net long position of 235,174 contracts, gold's net long position was 17.5% below its net long position of 285,082 contracts from six weeks earlier on August 20th when gold settled at $1,474 per oz! It is an EXTREMELY bullish sign how gold settled October 1st at a price that was $5 per oz above its August 20th price, despite its net long position declining by 17.5%!
In fact, gold's net long position as of October 1st had fallen 2.48% below its level from three months earlier of 241,163 contracts, yet gold as of October 1st was up by $57 or 4% from its July 2nd settlement price of $1,422 per oz! This is the most bullish sign possible for gold, making NIA extremely confident that gold's next major move will be to $1,600 per oz, possibly near the end of this month!
The #1 way to capitalize on rising gold prices in the upcoming weeks is with NIA's #1 favorite Golden Triangle stock suggestion Aben Resources (TSXV: ABN), which closed yesterday at only $0.14 per share with an insanely low market cap of CAD$16.38 million!
Only two months ago on August 8, 2019, ABN was trading for $0.21 per share or 50% above yesterday's closing price of $0.14 per share. Unfortunately, investors had gotten used to ABN making huge rallies during the month of August, when in 2019 unlike last year ABN drilled most of its newly targeted high grade zones late in the season. In 2018, ABN's drilling campaign was cut short because it could only get approval for 3 new drill pad locations due to extreme forest fire activity in the area. Despite this setback, ABN made its biggest gold discovery in history when from a single drill hole it achieved four intercepts with extremely high gold grades: 10m of 38.7 g/t gold for grammetres of 387, 4m of 22 g/t gold for grammetres of 88, 6m of 8.2 g/t gold for grammetres of 49.2, and 13m of 3.9 g/t gold for grammetres of 50.7. All together ABN intercepted 574 grammetres of gold from a single drill hole!
This HUGE discovery caused ABN to explode from $0.17 to a high of $0.485 in less than one month, thereby achieving an enormous short-term gain of 185.29%!
This year, ABN finally received approval for 55 new drill pad locations! This allowed ABN to conduct its first real drilling campaign at Forrest Kerr where ABN was able to explore its many high priority drill targets that it had established after conducting extensive soil and rock sampling/analysis across a large part of its 23,000 hectare project located in the heart of the Golden Triangle within 2km of both the Forrest Kerr fault and Hazelton/Stuhini red line!
ThSeeker
5年前
NIA commentary on ABN: National Inflation Association
Gold is up by $13.28 this morning to $1,506.50 per oz! NIA is going to be releasing an important gold fundamental/technical update sometime between 12PMEDT and 2PMEDT this afternoon! In this update, we will be analyzing the price of gold vs. gold's managed money long and short positions in the futures market. Exactly one week ago when gold closed at $1,479.10 per oz, gold's managed money long position saw its biggest one week decline in many months! We will show you why this is extremely bullish for gold and makes us confident that gold's short-term bottom is already in with its next major move likely to be to the UPSIDE, with US$1,600 per oz very realistic for this month!
In this same alert we will be providing an extremely important update on NIA's top 3 favorite overall stock suggestions for the month of October, all of them being gold stocks: #1 Aben Resources (TSXV: ABN), #2 Ely Gold Royalties (TSXV: ELY), and #3 Coral Gold (TSXV: CLH).
There is a very high likelihood that NIA's #1 favorite overall stock suggestion for the month of October ABN will be releasing the drilling assay results for its 2019 drilling campaign at the Forrest Kerr project in the Golden Triangle this week! We will show you what happened yesterday to a nearby gold explorer that reported drilling assay results that were strong, yet their best hole wasn't even half as good as ABN's best hole from last year's drilling campaign. This nearby gold explorer exploded yesterday to reach a market cap of CAD$52 million or 3.16X more than ABN's current market cap at $0.14 per share of only CAD$16.38 million. We believe ABN deserves a higher valuation than this other British Columbia gold explorer and could potentially reach a higher market cap within days of ABN releasing its 2019 drilling results!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ABN of US$20,000 cash for a one-month marketing contract. NIA has received compensation from ELY of US$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.