Aben Expands Current Diamond Drill Program at Forrest Kerr Gold Project, Golden Triangle, British Columbia
August 24 2017 - 3:05AM
VANCOUVER, British Columbia, Aug.
24, 2017 (GLOBE NEWSWIRE) -- Aben
Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF)
(Frankfurt:E2L2) (the "Company") is pleased to announce it will be
expanding its current drill program from 2,100 metres to 2,500
metres at its 23,000 hectare Forrest Kerr Gold Property located in
North Western British Columbia's Golden Triangle region. The
expanded drill program will include drill holes testing the
Boundary Zones to confirm and extend the high grade gold
mineralization discovered in historical drilling. Drilling
conducted in the early 1990's and 2000's at this zone returned some
of the highest grades on the Forrest Kerr Property and the Company
feels there is the potential for the expansion of the known zone
based on recent data compilation, structural geological
interpretation and additional field reconnaissance work.
Golden
Triangle Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Jim Pettit, President and CEO of
Aben, states: "Thus far we are very pleased with the progress of
this first-pass drill program at our Forrest Kerr Project in the
prolific Golden Triangle. As a result, we have decided to expand
the drill program at the main target area. Recent drill discoveries
by Pretium, GT Gold, Colorado Resources and others illustrate the
significant discovery upside remaining in the district and we are
confident in the potential at Forrest Kerr given the known
high-grade gold mineralization present there which we are currently
testing in this drill program."
Historical drilling results at the
Forrest Kerr Project have ranged from trace values to several
high-grade intercepts such as 9.97 g/t gold over 29.3 metres,
including 125 g/t Au over 0.8 metres and 91 g/t Au over 1.9 metres,
in hole RG91-21 in the Carcass Creek Zone as well as 33.4 g/t gold
over 11 metres, including 326 g/t over 0.5 metres, in hole RG91-16
in the Boundary Zone. This high grade mineralization is within 200
metres vertical depth from surface and the Carcass and Boundary
Zones are approx. 4 kilometres apart leaving robust discovery
potential along strike, at depth and at other regional targets on
the property.
Aben's
Forrest Kerr Project Map:
http://www.abenresources.com/i/maps/FK-007.jpg
The historical drill holes at the
two main target areas, the Carcass and Boundary Zones, were drilled
decades ago with limited follow up work due to limited
accessibility, high drilling costs, and a less comprehensive
understanding of the geology. Since then, major infrastructure
improvements have been made including the Galore Creek access road
on the north end of the property as well as roads and powerlines on
the south end of the property where hydroelectric facilities have
been built in recent years which have helped bring the drilling
costs down. In addition, rapid glacial retreats over the past 25
years have exposed extensive new areas of outcrop exposure in this
highly prospective region. Aben's technical team has spent over a
year analyzing and reinterpreting the historical exploration and
geological data with the help of structural geologists to gain a
stronger understanding of the existing targets and high-grade gold
mineralization at the project.
Field based exploration activities
have been underway earlier this season at Forrest Kerr where crews
completed soil geochemical sampling, ground-truthed historical data
and evaluated mineralization potential on a property-wide basis.
Focus was placed on those areas containing historical high-grade
precious and base-metal occurrences. There are also more conceptual
targets to be tested south of the Boundary Zone where there are
areas of outcrop with multiple shear zones and abundant sulfides
with surface samples returning gold grades ranging from trace
values to 3 - 5 g/t Au.
*Note: Aben has
not been able to independently verify the methodology and results
from historical work programs within the property boundaries.
However, management believes that the historical work programs have
been conducted in a professional manner and the quality of data and
information produced from them are relevant. In addition, management cautions that past results or
discoveries on proximate land are not necessarily indicative of the
results that may be achieved on the Forrest Kerr property.
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.
About Aben
Resources:
Aben Resources is a Canadian gold
exploration company developing projects in British Columbia's
Golden Triangle, the Yukon, and Saskatchewan. Aben's flagship
Forrest Kerr Gold Project is located in the Golden Triangle of BC
where the Company currently owns certain mineral tenures outright
and has agreements in place with various third-parties whereby it
has the exclusive right to a 100% interest in the 23,000-hectare
property area.
For further information on Aben
Resources Ltd. (TSX-V:ABN), visit our Company's web site
at www.abenresources.com.
Aben Resources has approx. 50.0
million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President & CEO
For further information contact
myself or:
Don Myers
Aben Resources Ltd.
Director, Investor Relations
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
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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
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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
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Source: Aben Resources Ltd via Globenewswire
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