Forrest Kerr project option agreement signed with Kingfisher Metals

Aben Gold has granted Kingfisher Metals a three-year enactment to get a 100% involvement successful the Forrest Kerr golden task successful the Golden Triangle of British Columbia, Canada.

The spot bundle consists of 50 mineral claims covering astir 20,197 hectares (ha) successful a portion noted for its golden and basal metallic exploration activity.

Under the enactment agreement, Kingfisher tin gain a 100% involvement successful the claims implicit a three-year play by gathering combined currency and stock issuance commitments totalling C$2.7m ($1.93m).

All shares issued nether the statement volition beryllium taxable to a four-month-and-one-day statutory clasp play successful accordance with applicable securities laws, and nary finders’ fees oregon commissions are payable by Aben successful narration to the transaction.

Aben Minerals president and CEO Riley Trimble said: “This transaction delivers Aben $2.7m successful currency and shares with nary further expenditure connected Forrest Kerr, sharpens our absorption arsenic a axenic Yukon golden explorer and places the task with an fantabulous squad that is actively consolidating the Golden Triangle. We tin present enactment 100% of our effort and superior down our flagship Justin Gold Project successful Yukon.”

Completion of the transactions envisaged successful the agreement, including the issuance of shares to Aben, are taxable to support by the TSX Venture Exchange.

During the enactment period, Kingfisher volition enactment arsenic the relation of the Forrest Kerr project, overseeing exploration activities and immoderate associated enactment programmes crossed the 20,197ha assertion artifact successful the Golden Triangle.

Kingfisher CEO Dustin Perry said: "The Forrest Kerr task is highly prospective for some high-grade gold-silver mineralisation arsenic good arsenic porphyry copper-gold mineralisation.

"Historical exploration connected the task has returned high-grade golden intercepts specified arsenic 4m of 90.27g/t Au [grams per tonne gold] and 1.95m of 91.6g/t Au. The task spans 1 of the large long-lived structures wrong the Golden Triangle and is yet to spot modern high-level geological targeting, which is thing our experienced exploration squad excels at.

"Efficient consolidation wrong the Golden Triangle has been our volition since moving into the portion successful 2023 and this woody further highlights our accretive maturation strategy."

"Forrest Kerr task enactment statement signed with Kingfisher Metals" was primitively created and published by Mining Technology, a GlobalData owned brand.

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