Aben Drills Into Notable Mineralization at Forrest Kerr Gold Project, Golden Triangle, British Columbia
September 05 2017 - 3:05AM
YASTEST
Vancouver, BC --
Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the
"Company") is pleased to provide the following progress update on
its 2017 exploration and drilling program at its 23,000 hectare
Forrest Kerr Gold Property located in British Columbia's Golden
Triangle region. Drilling at Carcass Creek intersected several
discrete zones of massive quartz veins and quartz-sulphide vein
breccias that have historically reported high grade gold
mineralization. At Boundary, massive to semi-massive sulphide
horizons were encountered in association with strong quartz
carbonate veining and breccias. Sulphides within these packages are
relatively enriched in chalcopyrite, a copper mineral that has
shown a strong correlation with gold mineralization both on the
Forrest Kerr Property and in several localities within the Golden
Triangle. The drill core has been sent to the
assay labs and final geochemical assays are pending.
Golden Triangle
Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Cornell McDowell, Vice President
of Exploration of Aben noted: "We elected to
expand this first-phase drill program given the encouraging visual
indicators that were witnessed in the drill core. Numerous
copper-enriched mineralized zones were encountered over notable
widths during drilling at the Boundary Zone. The Boundary rock has
been strongly sericite-silica altered with locally intense
quartz-sulphide and quartz-carbonate-sulphide veining, the product
of a robust and wide-spread hydrothermal system. This type of
geochemical and alteration signature has historically been strongly
indicative of the potential for significant gold mineralization.
This is particularly exciting given the
mineralogic similarities between the sulphide horizons we have
drilled and those that GT Gold is reporting from their Tatogga
Property, located north of our Forrest Kerr Project."
Aben's Forrest
Kerr Project Map:
http://www.abenresources.com/i/maps/FK-007.jpg
The Company recently announced it
expanded its diamond drill program from 2,100 metres to
approximately 2,500 metres. The expanded drill program includes
drill holes testing the Boundary Zone 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.
Forrest Kerr Gold
Project Summary:
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
at the Boundary Zone. This high grade mineralization is within 200
metres vertical depth of 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.
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. In addition, rapid glacial retreat 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.
*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. 52.8
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
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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