Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle, Increase...
August 20 2019 - 8:00AM
Aben Resources Ltd.
(TSX-V: ABN) (OTCQB: ABNAF)
(Frankfurt: E2L2) (“Aben” or “the Company”) has
received analytical results from the the first shipment of drill
core from the 2019 drill exploration program at the Forrest Kerr
Gold Project in the Golden Triangle region of British
Columbia.
Forrest Kerr Project, Golden Triangle,
B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
5000+m has now been completed in 10 holes, with
numerous sample shipments now in the laboratory. Based on the
encouraging results obtained to date, Aben had elected to expand
the budget for the program and intends to continue drilling into
September.
Forrest Kerr Project North Boundary Zone
map - August
2019:https://abenresources.com/site/assets/files/4855/nboundary2019drillingaug7.jpg
The goal of the 2019 drill program is to test a
specific area of the North Boundary Zone as well as the area around
the historic “Noranda hole” and a corresponding new zone of
sericite alteration located south of the Noranda hole. These
initial results are from three widely spaced holes located
peripheral to the main zone of mineralization at North Boundary.
Each hole encountered variable and intermittent polymetallic
mineralization within the Hazelton volcanic/sub-volcanic sequence
(brief hole descriptions are summarized below). Mineralization
corresponds to multiple and widespread fault and shear zone
structures within a panel of Jurassic Hazelton rocks that dominate
the Boundary valley. The mineralized structures correlate very well
with magnetic highs that were delineated by an airborne survey
flown in May 2019. Thus far, drilling in this part of the Forrest
Kerr Property has only tested a small portion of the potentially
mineralized structures defined by the magnetic survey.
Airborne Magnetic Survey from Boundary
Zone on the Forrest Kerr
Project:https://abenresources.com/site/assets/files/1/Forrest-Kerr-Mag-Images-from-Boundary.pdf
FK19-46 (110/-45) -- Drilled
oblique to the main mineralized corridor at North Boundary to test
for continuity of mineralization between recently discovered
mineralization and historic high-grade gold mineralization reported
by Noranda in 1991 (326.0 g/t Au over 1 meter). This hole
encountered multiple mineralized horizons with an overall average
of 0.12 g/t Au over its entire length of 500.5 meters (m)
(including 12.4 g/t Au between 203-204m).
FK19-50 (195/-65) – Drilled to
test for the downward extension of a mineralized horizon discovered
in 2018 (holes FK18-17 & 18) situated 50 meters NW of
high-grade Au-Ag-Cu mineralization at North Boundary. The
mineralized horizon is characterized by intermittent higher-grade
gold intercepts within broad lower grade envelopes associated with
fractures and fault structures. The zone remains open to the
NW.
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Au average (g/t) |
FK19-50 |
188.00 |
249.70 |
61.70 |
0.46 |
including 11.65 g/t over 1 metre |
*FK18-17 |
232.00 |
284.00 |
52.00 |
1.82 |
including 31.4, 22.5 and 8.4 g/t over 1 metre intervals |
*FK18-18 |
186.00 |
247.00 |
61.00 |
0.37 |
including 11.55 g/t over 1 m |
*previously reported
FK19-51 (310/-45) – Located
some 500m from the main mineralized core at North Boundary, this
hole was drilled oblique to the roughly North-South mineralized
corridor to test for southward extension of mineralization and
depth potential under historically reported mineralization.
Multiple and sporadic Au-Ag-Cu-Pb-Zn intercepts were reported with
strong widespread QSP alteration that appears to overprint earlier
potassic alteration. Quartz-sulfide-hematite veins are also
prevalent in this area, an important host to mineralization on this
part of the property. Gold mineralization, although common, was
generally low grade in this hole and not as strongly correlated to
the repetitive sequences of copper mineralization. Hole FK19-52 was
drilled from the same set-up at a steeper dip with assay results
pending.
Aben’s President and CEO, Jim Pettit says: “We
are off to a great start for the 2019 drill season. We have some
exciting theories to test from the analysis of the last few years
drill results as well as our new geophysical survey results. As we
work our way south of the mineralized core of the North Boundary
Zone, we are looking for potential connectivity with the historic,
high-grade gold discovery made by Noranda in 1991. As noted from
the description of Hole FK19-51, we have been drilling a highly
altered zone of mineralization a few hundred meters south of the
Noranda hole. The style of alteration and mineralization in this
Zone has a strong association with elevated gold values in the
region as well as a strong copper mineralization represented by
chalcopyrite. The mineralization in this type of setting is
definitely something we want to chase.”
Forrest Kerr Project Exploration Target
map:https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
Soil Sampling Map at Forrest
Zone:https://www.abenresources.com/site/assets/files/4299/abn-forrest-kerr-soil-2017_1024x0.jpg
JUSTIN GOLD PROJECT, YUKON
2019 drilling consisted of 4 diamond drill-holes
(963m) testing the POW Zone while 20 rotary air-blast (“RAB”) holes
(592m) tested the Lost Ace Zone. At the POW Zone, drilling targeted
a magnetic geophysical feature inferred to be associated with skarn
alteration and sulphide mineralization. JN19020 and -021 are
approximately 125 m step-outs from holes drilled during the 2011
and 2012 campaigns. Both holes intersected zones of massive
sulphide, sulphide-mineralized skarn and mineralized quartz veins.
Results include 1.5 g/t Au over 15.4 m (165.0-180.4
m) including 10.5 g/t Au over 1.2 m in
JN19020 and 0.9 g/t Au over 3.3 m (250.5-253.8 m) including 3.5 g/t
Au over 0.8 m in hole JN19021. JN19031 which tested the POW Zone
magnetic “wedge” anomaly did not return significant results. At
this stage the source of the anomaly is unclear, and the target
remains open. JN19039 was drilled to test the mineralization
potential of the Justin Fault and variably mineralized sheeted
quartz veins within the Justin Intrusion. The mineralized
intersection of the Justin Fault returned 0.2 g/t Au over 9.5 m
(35.5 – 45.0m). The sheeted quartz veins of the Justin Intrusion,
which are comparable to veins observed in surface trenching from
2014 (TR14-001), returned 0.4 g/t Au over 7.3 m (52.0-59.3 m)
including 1.8 g/t over 0.6 m (sample JN19039-035; 58.7-59.3m).
Select diamond drill samples were sent to a
referee lab for re-analysis. The decision was made after the first
round of analysis returned results that were unexpected through
zones of massive sulphide and sulphide mineralized skarn. The
results from the re-analysis are in agreement with the initial
results.
RAB drilling at the Lost Ace Zone was successful
in intersecting the mineralized phyllite/quartz-pebble conglomerate
contact discovered through surface geochemical surveys, prospecting
and mapping during the 2017 and 2018 programs. Results will allow
for an updated interpretation of the contact geometry and
mineralization potential at depth. Results include 0.9 g/t Au over
1.5 m (19.8-21.3 m) in hole JN19026 and 0.5 g/t Au over 3.0 m
(12.2-15.2 m) in hole JN19029. RAB drilling at the POW zone
targeted near-surface pyrite-arsenopyrite ± galena veins first
observed in DDH JN19021. Results include 0.2 g/t over 1.5 m
(29.0-30.5 m) in hole JN19042. Sampling was hindered by extremely
wet hole conditions, which may reduce the reliability of analytical
results.
Justin Gold Project, Yukon location
map:
https://www.abenresources.com/site/assets/files/4303/abn_justin_project_-_property_location_2017_small.jpg
Cornell McDowell, P.Geo., V.P. of Exploration
for Aben Resources, 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 Resources:
Aben Resources is a Canadian gold exploration
company developing gold-focused projects in British Columbia and
the Yukon Territory. Aben is a well-funded junior exploration
company with over $5 million in the Company’s treasury and
approximately 116.7 million shares issued and outstanding.
For further information on Aben Resources Ltd.
(TSX-V: ABN), visit our Company’s web site at
www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”______________________JAMES G.
PETTITPresident & CEO
For further information contact myself or:Don MyersAben
Resources Ltd.Director, Corporate Communications Telephone:
604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email:
info@abenresources.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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