Aben shares rally on Yukon gold-tungsten exploration news
Aben Gold Corp. [ABM-TSXV, ABNAF-OTCQB) has outlined the scope of its 2026 exploration program at the 100%-owned Justin Gold Tungsten Project, which is located in the Tombstone Gold Belt, southeast Yukon
Aben Gold shares advanced on the news, rising 8.6% or $0.015 to 19 cents. The shares trade in a 52-week range of 30 cents and $0.055.
The 2026 program is designed to advance the multi-metal (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 a 2024 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 Inc.’s [SEA-TSX, SA-NYSE] 3 Aces Camp, which is located immediately adjacent to the property and provides logistical support and camp-specific infrastructure.
The company said a 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 Ace Zone.
The POW Zone hosts intrusion-related gold system (IRGS) mineralization with coincident tungsten (scheelite) identified in 2014 re-assays of historical core. Historical gold intercepts include 60 metres of grade 1.25 g/t gold, including 21 metres of grade 2.47 g/t gold. Another hole returned 8.50 metres of grade 0.39% W03.
The Lost Ace Zone, discovered in 2017 and located 2.0 kilometres west of POW, features orogenic-style quartz-gold veining. Channel sampling returned 20.8 g/t gold over 4.4 metres (including 88.2 g/t gold over 1.0 metre).
Chinese export restrictions combined with rising military spending has sent the price of tungsten soaring, a move that has sparked a race to develop new supplies of the critical metal.
Due to physical properties that include extreme hardness and the highest melting point of any metal, tungsten is a key component in armor-piercing projectiles such as bullets and missiles. It is also used to manufacture drills, saw blades and milling cutters.
But reduced stockpiles caused by war in Ukraine and the Middle East recently helped to send the price of Ammonium Paratungstate (APT) soaring to US$3,180 per tonne unit from US$340 per tonne in early 2025.
That has prompted the United States and its allies to try to find new sources of the metal outside of China which dominates the tungsten market, accounting for over 88% of global supply.
However, industry officials point out that high quality tungsten deposits are rare in North America and timelines for permitting and developing mines worldwide are long.
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