Forrest Kerr project option agreement signed with Kingfisher Metals

Core Viewpoint - Aben Gold has granted Kingfisher Metals a three-year option to acquire a 100% interest in the Forrest Kerr gold project, enhancing Aben's focus on its Yukon gold exploration efforts while providing immediate financial benefits [1][3]. Group 1: Transaction Details - Kingfisher can earn a 100% interest in the Forrest Kerr claims by fulfilling cash and share issuance commitments totaling C$2.7 million (approximately $1.93 million) over three years [2]. - All shares issued under the agreement will be subject to a four-month-and-one-day statutory hold period, and Aben will not pay any finders' fees or commissions related to the transaction [2]. Group 2: Project Overview - The Forrest Kerr project consists of 50 mineral claims covering approximately 20,197 hectares in a region known for gold and base metal exploration [1]. - Kingfisher will act as the operator during the option period, overseeing exploration activities across the claim block [4]. Group 3: Exploration Potential - Historical exploration has yielded high-grade gold intercepts, including 4 meters of 90.27 grams per tonne (g/t) Au and 1.95 meters of 91.6 g/t Au, indicating significant mineralization potential [5]. - The project is located within a major long-lived geological structure in the Golden Triangle and has not yet undergone modern high-level geological targeting [5]. Group 4: Strategic Intent - Aben's CEO stated that this transaction allows the company to focus entirely on its flagship Justin Gold Project in Yukon, while Kingfisher consolidates the Golden Triangle [3][6]. - Kingfisher's strategy emphasizes efficient consolidation within the Golden Triangle, aligning with their growth objectives [6].