Aben Minerals Files NI 43-101 Technical Report on the Forrest Kerr Gold Project
January 30 2024 - 7:30AM
Aben Minerals Ltd.
(TSX-V: ABM) (OTCQB: ABNAF)
(Frankfurt: R26)
(“Aben” or “the Company”) has received and filed a NI 43-101
compliant Technical Report pertaining to Aben’s 100% owned 23,397
hectare Forrest Kerr Gold Project in the Golden Triangle, British
Columbia.
Forrest Kerr Property NI 43-101 Technical
Reporthttps://www.sedarplus.ca/csa-party/records/document.html?id=585d4a5e38269d64535733304ea16aef03065042538b0119b10b7ab4ee2ce899
The Forrest Kerr Property
From July 2016 to September 2021, Aben completed
22,957.5 m of diamond drilling in 72 drill holes, collected 1,282
soil samples, 371 rock samples, and 11 stream sediment samples, and
completed an airborne magnetic survey over the Boundary valley
totaling 173 line-kilometres of data. The global database for the
property now includes 190 drill holes, 2,500 rock samples, and over
20,000 soil samples.
The widespread base and precious metal
mineralization present on the Forrest Kerr Property is spatially
related to the Forrest Kerr Fault, a regional scale crustal break
that transects the entire property for over 50 kilometres.
High-grade mineralization has been discovered in multiple
fault-controlled subparallel zones adjacent to the Forrest Kerr
Fault and related structures. Extensive alteration zones that
extend well beyond the known areas of mineralization indicate that
the Forrest Kerr Property hosts a large hydrothermal mineralizing
system with excellent opportunity for further discovery of
significant base and precious metals.
North Boundary Zone:
Highlight drill hole FK17-05 intercepted 1.2 g/t
Au, 1.8 g/t Ag and 0.21% Cu over 122 metres that includes 10.9 g/t
Au, 14.6 g/t Ag and 1.5% Cu over 12 metres with a high grade core
of 21.5 g/t Au, 28.5 g/t Ag and 3.1% Cu over 6 metres. The
mineralized zone encountered represents a near-surface, high-grade
discovery comprised of strong quartz and quartz-carbonate veining
with well-mineralized breccia horizons.
South Boundary Zone:
Despite extensive work done by Aben Resources
and previous operators, the bulk of the ForrestKerr property
remains under-explored with respect to drilling. In particular, the
South Boundaryzone warrants additional drilling to determine its
potential for a low-grade bulk-tonnage Au-Curesource.
Aben’s President and CEO Riley Trimble remarked
that “The NI 43-101 Technical Report for our Forrest Kerr Gold
Project is a collection of six years of exploration work. The
compelling data, particularly from the North Boundary Zone,
reinforces the project's immense potential.
Aben, with two key Canadian gold projects in the
Golden Triangle of British Columbia and the Tombstone Gold Belt of
the Yukon, views the Forrest Kerr Project and the Justin Project
individually as pivotal assets.
Looking ahead, we are actively exploring
strategic options, including a joint venture partnership or even
complete sale of the Forrest Kerr project, to continue the
advancement of our Justin Project. I believe it is worth noting
that both projects are adjacent to exploration projects owned by
Seabridge Gold – their Iskut Project in the Golden Triangle shares
a border with our Forrest Kerr, and their 3 Aces Project in the
Yukon borders Aben’s Justin Project. These
neighbouring projects had approximately $14.68 million spent
collectively on exploration in 2023 according to Seabridge Gold’s
September 30th 3rd Quarter MD&A filing.”
Qualified Person
Cornell McDowell, P.Geo., V.P. of Exploration
for Aben Minerals, 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 Minerals:
Aben Minerals is a Canadian gold exploration
company with exploration projects in the Yukon Territory and
British Columbia. The Company’s goal is to increase shareholder
value through new discoveries and developing exploration projects
in geopolitically favourable jurisdictions. The Company has 18.7
million shares outstanding.
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For further information on Aben Minerals Ltd. (TSX-V: ABM),
visit our Company’s website at www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”______________________Riley
TrimblePresident & CEO
For further information contact:Aben Minerals Ltd.Riley Trimble,
President & CEOTelephone: 604-416-2978Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@abenminerals.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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