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Aben Gold Corp
Symbol ABM
Shares Issued 28,334,022
Close 2026-05-07 C$ 0.175
Market Cap C$ 4,958,454
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Aben outlines exploration program at Justin project

2026-05-08 11:23 ET - News Release

Mr. Riley Trimble reports

ABEN GOLD CORP. ANNOUNCES 2026 EXPLORATION PROGRAM AT JUSTIN GOLD TUNGSTEN PROJECT, YUKON

Aben Gold Corp. has outlined the scope of its 2026 exploration program at the 100-per-cent-owned Justin gold-tungsten project, located southeast Yukon in the highly prospective Tombstone gold belt.

The 2026 program is designed to advance the multimetal (gold plus tungsten) potential of the POW intrusion-related (IRGS) zone, the high-grade Lost Ace orogenic-gold zone and other regional targets identified by the 2024 QMAGT airborne geophysical survey.

The Justin gold-tungsten project covers approximately 7,400 hectares. Field activities are scheduled to commence in mid-July and are expected to be completed by mid-September, 2026. The program will be staged out of Seabridge Gold's 3 Aces camp, which is located immediately adjacent to the property and provides excellent logistical support and camp-specific infrastructure.

Aben has signed contracts with leading Yukon-experienced service providers to execute the program:

  • Empire Drilling & Consulting Ltd. -- drill rig supplier and operator;
  • Axiom Exploration -- core logging, geotechnician personnel and additional project-specific technical support.

2026 exploration program

The 2026 program is structured around diamond drilling supported by modern geophysical targeting to maximize discovery potential and build on historical results.

Diamond drilling -- 1,500 metres

The 2026 diamond drilling program will consist of approximately 1,500 metres of drilling across three drill pads designed to test two of the project's highest-priority targets. Approximately 1,000 metres will evaluate the gold-tungsten potential of the POW zone, with an additional 500 metres planned at the high-grade Lost Ace zone.

POW zone gold plus tungsten

The POW zone hosts intrusion-related gold system (IRGS) mineralization with coincident tungsten (scheelite) identified in 2014 reassays of historical core. Multiple lines of evidence support system-scale potential:

  • Historical gold intercepts include JN11009: 60.00 metres grading 1.25 grams per tonne Au (including 21.00 metres grading 2.47 g/t Au) and JN12011: 46.4 metres grading 1.49 g/t Au (including 9.20 metres grading 3.88 g/t Au) (news release: Nov. 11, 2011, news release: Aug. 16, 2012);
  • Hole JN12016: 8.50 metres grading 0.39 per cent WO3, including 1.00 metre grading 1.12 per cent WO3. This interval was coincident with previous gold mineralization of 5.60 metres grading 4.12 g/t Au (including 2.60 metres grading 8.20 g/t Au) (news release: Oct. 16, 2014);
  • The 2024 QMAGT survey identified structural corridors and anomalies that remain open in multiple directions (news release: Aug. 19, 2024).

The inclusion of tungsten mineralization alongside gold at the POW zone represents a compelling exploration opportunity given growing global interest in critical minerals and secure North American supply chains.

Lost Ace zone -- high-grade gold follow-up

The Lost Ace zone, discovered in 2017 and located approximately two kilometres west of POW, features orogenic-style quartz-gold veining. Previous work and the 2024 QMAGT survey highlight near-surface discovery potential:

  • Channel sampling returned 20.8 g/t Au over 4.4 m (including 88.2 g/t Au over 1.0 m) (news release: Jan. 14, 2019);
  • The 2019 RAB program (20 holes, 592 m) tested the zone but sampling was hindered by extremely wet hole conditions. Diamond drilling is more appropriate for this target zone (news release: Aug. 20, 2019);
  • Pristine visible gold grains in bulk soil samples indicate a potential proximal bedrock source (news release: Jan. 14, 2019).

The drilling will be complemented by targeted geological mapping, sampling and data integration to refine future targets across the property.

Riley Trimble, president and chief executive officer of Aben Gold, commented: "We are excited to announce our fully contracted 2026 program at Justin. Staging out of the 3 Aces Camp and working with proven contractors that have Yukon experience will allow us to execute efficiently. This campaign is a major step in unlocking the gold and tungsten potential of the project, and we look forward to delivering results to shareholders this fall."

Milo Mielniczuk, PGeo, vice-president of exploration, added: "The 2026 program is strategically designed to test the highest-priority targets generated from the 2024 QMAGT survey and our historical data sets. With 1,500 metres testing two unique zones, we will systematically evaluate the coincident gold-tungsten system at POW while advancing the high-grade Lost Ace zone. Our team and contractors are ready for a safe and successful season."

Qualified person

Milosz Mielniczuk, BSc, PGeo, vice-president of exploration for Aben Gold, has reviewed and approved the technical aspects of this news release and is the qualified person as defined by National Instrument 43-101.

About Aben Gold Corp.

Aben Gold is a Canadian gold exploration company with exploration projects in the Yukon Territory and British Columbia. The company's flagship, the 7,400-hectare, 100-per-cent-owned Justin gold-tungsten project is located adjacent to Seabridge Gold's 3 Aces project in the southeast Yukon within the Tombstone gold belt and broader Tintina gold province.

The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favourable jurisdictions.

The company has 28.2 million shares outstanding.

We seek Safe Harbor.

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