Abyan Gold Company (Anti-ballistic missiles-TSXV, Abnaf-OTCQB) has scoped the 2026 exploration program at the 100% owned Justin Gold Tungsten Project, located in the Tombstone Gold Belt, southeastern Yukon.
Aben Gold shares advanced on the news, rising 8.6%, or $0.015, to 19 cents. Shares are trading in a 52-week range of 30 cents and $0.055.
The 2026 program is designed to enhance the multi-metal potential (gold plus tungsten) in the POW-Relevant Area (IRGS), the lost high-grade native gold area and other regional targets identified through the 2024 Airborne Geophysical Survey.
The Justin Gold Tungsten Project covers approximately 7,400 hectares. Field activities are scheduled to begin in mid-July and are expected to be completed by mid-September 2026. The program will be rolled out Seabridge Gold Company (sea-TSX, on-NYSE) 3 Aces Camp, which is located directly adjacent to the property and provides logistical support and infrastructure for the camp.
The company said the 2026 diamond drilling program will consist of approximately 1,500 meters of drilling across three drilling rigs designed to test two of the project’s highest priority targets. Approximately 1,000 meters of gold and tungsten potential will be evaluated in the POW zone, with an additional 500 meters planned in the high-grade Ace zone.
The POW Zone hosts intrusion-related gold system (IRGS) mineralization with synchronous tungsten (scheelite) identified in historical core reassays in 2014. Historical gold cuts include 60 meters of gold grading 1.25 g/t, including 21 meters of gold grading 2.47 g/t. Another hole returned 8.50m at grade 0.39% W03.
Lost Ace, discovered in 2017 and located 2.0 kilometers west of POW, features mountain-style golden quartz veins. Channel sampling yielded 20.8 g/t gold at a depth of 4.4 meters (including 88.2 g/t gold at a depth of 1.0 metres).
Restrictions on Chinese exports coupled with rising military spending have sent tungsten prices soaring, a move that ignited a race to develop new supplies of the important 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 lower stocks due to the war in Ukraine and the Middle East recently helped the price of ammonium paratungstate (APT) rise to US$3,180 per tonne from US$340 per tonne in early 2025.
This prompted the United States and its allies to try to find new sources of the metal outside China, which dominates the tungsten market, which represents more than 88% of the global supply.
However, industry officials point out that high-quality tungsten deposits are scarce in North America and that timelines for permitting and developing mines worldwide are long.
