VANCOUVER, British Columbia, Nov. 10,
2016 (GLOBE NEWSWIRE) -- Aben Resources
Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2)
("Aben" or the "Company") is pleased to provide a summary of
analytical results from the September 2016 surface sampling program
at the Company's 23,000 hectare Forrest Kerr Project, located
within B.C.'s prolific Golden Triangle region.
B.C.'s Golden Triangle
map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
A total of 362 soil, 35 rock and
11 stream-sediment samples were collected between September 8--19,
2016 and transported to AGAT Labs for multi-element analysis.
Samples were sourced from various mineralized zones throughout the
Forrest Kerr claim package with a focus on areas that will promote
a greater understanding and help define existing mineralization
patterns in advance of a planned drill program in 2017.
Rock samples were sourced from
both outcrop and talus from various areas across the Forrest Kerr
Property and showed a range of values from 0.002 to 48.1 g/t gold
(0.00006 to 1.4 oz/ton gold).
Several rock grab samples were
collected from two distinct zones located in the northern portion
of the claim block. Samples from the Wedge zone returned high base-
and precious-metal values over a strike length exceeding 2
kilometers. The results confirmed historically reported values from
drilling and surface sampling in this area. At the Boundary Zone,
rock samples taken from subcrop in the vicinity of diamond drill
hole RG91-16 (73 g/t gold (2.15 oz/ton gold), 14.7g/t silver (0.43
oz/ton silver), 0.32% copper over 3.7m) showed correspondingly
strong gold and copper mineralization (Sample 6632019). The prime
objective of the rock sampling program was to both confirm
previously reported mineralization and to provide further
information about the association of base- and precious-metal
mineralization with recognised alteration assemblages. The table
below shows assay results from select rock samples.
Sample # |
Easting |
Northing |
Area |
Au
(g/ton) |
Au
(oz/ton) |
Cu (%) |
Pb (%) |
Zn (%) |
6632018 |
400035 |
6310931 |
Boundary |
0.249 |
0.007 |
25.200 |
0.0025 |
0.024 |
6632019 |
400031 |
6310940 |
Boundary |
9.660 |
0.282 |
14.500 |
0.027 |
0.036 |
6632021 |
399961 |
6311090 |
Boundary |
0.005 |
0.00015 |
0.039 |
0.011 |
0.024 |
6632010 |
400246 |
6317737 |
S.Wedge |
41.30 |
1.205 |
0.165 |
0.987 |
0.842 |
6632026 |
399883 |
6318949 |
Wedge |
48.10 |
1.403 |
1.120 |
0.609 |
9.570 |
6632029 |
399926 |
6319104 |
Wedge |
11.90 |
0.347 |
0.512 |
0.599 |
10.300 |
6632030 |
399889 |
6319238 |
Wedge |
1.71 |
0.050 |
0.645 |
1.780 |
5.700 |
6632031 |
399911 |
6319408 |
Wedge |
2.00 |
0.058 |
1.560 |
0.087 |
0.657 |
6632033 |
399967 |
6319487 |
Wedge |
18.10 |
0.528 |
1.270 |
0.190 |
0.021 |
6632034 |
399970 |
6319490 |
Wedge |
1.67 |
0.049 |
0.368 |
0.189 |
0.124 |
Soil geochemical surveys were completed on six separate grids
located adjacent to known mineralized zones in order to test for
potential extensions of existing soil anomalies and assess their
continuity across mapped geologic structures. The results
successfully show an increase in the areal extent of anomalous
levels of gold, copper, lead and zinc in soil while also better
delineating the location of controlling structures. The soil data
will be added to Aben's existing database of more than 18,000
property-wide soil samples and evaluated as a whole going forward.
Eleven stream-sediment samples were taken from a drainage on the
Beauty 10 claim, which is located 2.5 kilometers east of the main
Aben land package in an area considered highly prospective for
silver mineralization. The assay results from the 11 silt samples
show consistently elevated levels of zinc. Analytical results for
silver (Ag) have not yet been received.
The Forrest Kerr Gold Project is
located in the heart of the Golden Triangle of British Columbia and
is considered to hold significant potential for precious metal
mineralization. Numerous mineralized occurrences are documented
throughout the project area and sound, systematic fieldwork
conducted from the late 1980's to the mid 2000's provide a solid
framework for ongoing fieldwork. With little activity in the area
during the past decade, the area is ripe for modern exploration
techniques. The area has recently seen major infrastructure
improvements including roads and hydro-electric facilities. In
addition, rapid melting rates of glaciers in parts of the property
area are expected to provide new exposures in areas that were
inaccessible during previous exploration campaigns.
The Golden Triangle is host to
significant mineral deposits including Galore Creek, Copper Canyon,
Schaft Creek, Valley of the Kings, Snowfield, KSM, Snip, Granduc,
Red-Chris and numerous others.
Aben's Forrest Kerr land package
is located along the Forrest Kerr Fault, immediately north of the
Iskut River and southward of More Creek, with recent hydro-electric
power and road access afforded to the northern and southern areas
of the property. The claims consist of a 40km-long, north-south
belt overlying rocks of the Hazelton and Stuhini Groups, a complex
assemblage of volcanic accumulations with intervening sedimentary
sequences which are host to numerous significant gold deposits in
B.C.'s Golden Triangle area.
Forrest Kerr project, B.C., Golden
Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
Cornell McDowell, P.Geo., V.P. of
Exploration of 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.
Quality
Control and Quality Assurance:
All samples were sealed and
delivered to AGAT Laboratories preparation facility in Terrace,
B.C. by Aben personnel. Multi-element analysis was completed by
hydrogen peroxide fusion with an ICP-OES finish, while each sample
was fire-assayed for gold with an ICP-OES finish. In addition to
the in-house QA/QC performed by AGAT on 10% of the samples, four
field blanks and one duplicate sample were inserted into the sample
stream by Aben personnel. All QA/QC samples returned values well
within acceptable parameters.
About Aben
Resources:
Aben Resources is a Canadian gold
exploration company developing projects in British Columbia, the
Yukon and North West Territories.
For further information on Aben
Resources Ltd. (TSX-V:ABN), visit our Company's web site
at www.abenresources.com.
Aben Resources has approx. 30
million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact
myself or:
Don Myers
Aben Resources Ltd.
Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: 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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aben Resources Ltd via Globenewswire
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