Aben Resources (TSX-V:ABN, OTCQB:ABNAF) has said it expects to start its 2022 exploration program on the Slocan graphite project, 34 kilometres (km) northwest of Castlegar in British Columbia, in late June.
In an investor update, the junior resource company said the mineral exploration permit for the project is still under review with the Ministry of Mines, adding that it anticipates the start of ground exploration on the property when weather and ground conditions allow access.
The company said it has also received an exemption letter from the Ministry of Mines to conduct an induced polarization (IP) survey before the permit is granted. Furthermore, it said a drill is available for the project in late August depending on the issuance of the permit.
READ: Aben Resources set for busy 2022 exploration season at its Canadian gold and graphite projects
Aben noted that the project benefits from excellent infrastructure including forestry road access to the property and a high-voltage transmission line within 1.2 km of the property boundaries.
Additionally, there is an existing graphite processing plant and facilities within 1.5 km west of the property, owned by Eagle Graphite Corporation and one of only two natural flake graphite production facilities in North America.
It said the 2,387-hectare property hosts several large flake graphite-bearing outcrops (high values of 3.36% and 4.43% organic carbon) at the Tedesco Zone, which is coincident with a strong conductive anomaly identified in 2010 that is interpreted to extend up to 2 km from the known surficial occurrences.
Aben holds the exclusive right to earn a 100% interest, less a 2% net production royalty (NPR) in the road-accessible project.
Aben Resources is a graphite and gold exploration company with projects in southeastern British Columbia, Red Lake Ontario, Golden Triangle British Columbia and the Yukon Territory. Managed by a team with long track records of success, Aben is well funded and well-positioned to make a discovery in some of Canada’s preeminent mining camps.
Contact the author at stephen.gunnion@proactiveinvestors.com