Aben Resources Expands Known Mineralization With New Gold-bearing Vein System at the Justin Gold Project, Yukon Territory
December 13 2017 - 5:00AM
YASTEST
VANCOUVER, British Columbia, Dec.
13, 2017 (GLOBE NEWSWIRE) -- Aben
Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF)
(Frankfurt:E2L2) (the "Company") is pleased to provide a summary of
exploration results from field work carried out in August 2017 on
the 100% owned 18,314 acre Justin Gold
Project in southeast Yukon. Highlights include the
discovery of a new gold-bearing vein system (Lost Ace) that
returned 4.77
g/T (grams/tonne) Au over
1.0 metre. The new Lost Ace zone is located 2
kilometres along strike from the POW Zone, an area that has
previously returned drilled intercepts of 1.19 g/T Au over 60
m (including 2.47
g/T Au over 21
m) and 1.49 g/T Au over
46.4 m.
Work completed during the 2017
exploration program included the collection of 21 channel and 3
chip samples from 4 trenches in addition to 13 rock samples, 2 silt
samples, 1 bulk soil sample for gold grain analysis and 380 soil
samples with coverage totaling 16.8 line-km. The program was
focused on two areas, the Lost Ace Zone and the Confluence Zone,
where previous exploration by the Company has revealed the
potential for intrusion-related and/or orogenic gold mineralization
at surface. In addition to the newly discovered areas there are
several high-priority exploration targets defined by geochemical
and geophysical anomalies that remain untested by drilling.
Justin Gold
Project, Yukon location map:
http://www.abenresources.com/site/assets/files/4303/justin_location.jpg
Four trenches were completed in a
newly discovered area of stockwork quartz veining that is proximal
to a 2014 soil sample which returned 2.4
g/T Au. Assays from
the 2017 trenching program returned encouraging results from a zone
of quartz-carbonate stockwork veining hosted within coarse-grained
clastic metasedimentary rocks of the Hyland Group. TR17-004
returned 1.44
g/T Au over 5.00
m true thickness, including 2.11 g/T Au over 3.85
m true thickness and 4.77
g/T Au over 1.0 m. The
gold-bearing vein system occurs in the hanging wall of a contact
zone between a coarse grained gritty sandstone and phyllite, a
geologic setting that is very similar to mineralization present on
Golden Predators 3 Ace Project located immediately NW of the Justin
claim group.
A bulk soil sample was collected
and sent for gold grain count analysis and classification from a
location 115 meters upslope from the Lost Ace Zone. The 3.8 kg
sample returned a total of 1135 visible gold grains, which is
considered highly anomalous. Of the 1135 gold grains recovered,
1049 gold grains were classified as pristine suggesting that they
are within 100 m of the lode source. The proximity of the bulk soil
sample containing native gold to the gold-bearing vein system
indicates the potential fertility of the structure. The Company is
strongly encouraged by these results and plans to send several
historic sample pulps for similar analysis to gain further
understanding of the new discovery in order that follow-up
exploration in 2018 continues to build upon the recent success.
Analytical
and QA/QC description
All samples were submitted to ALS
Minerals ("ALS") in Whitehorse, Yukon for sample preparation.
Geochemical analyses were completed at the ALS facility in
Vancouver, British Columbia. The following analytical
techniques were used for all samples: ME-ICP41, Au-AA23 30 g Fire
Assay and Au-SCR21 30 g Metallic Fire Assay. The Company's
QAQC measures included insertion of external blanks and standards
into the sample stream for all rock chip and channel samples.
A minimum of one standard and one blank sample was inserted for
each trench. In addition, the lab was instructed to wet-sieve
each sample prior to sample preparation in order to minimize
contamination from overlying gravels.
A bulk soil/till sample was
submitted to Overburden Drilling Management in Ottawa, Ontario and
was processed via heavy liquid separation and micro-panning to
count visible gold grains and estimate metallic mineral
abundances.
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, the Yukon Territory, and Saskatchewan. Aben is a
well-funded junior exploration company with approximately 53.2
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. 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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This release includes certain
statements that may be deemed to be "forward-looking statements".
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Source: Aben Resources Ltd via Globenewswire
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