Aben Commences Diamond Drill Program at its Forrest Kerr Gold Project in BC's Golden Triangle Region
August 03 2017 - 3:05AM
VANCOUVER, British Columbia, Aug.
03, 2017 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF)
(Frankfurt:E2L2) (the "Company") is pleased to announce it has
commenced its summer diamond drilling program at its 23,000 hectare
Forrest Kerr Gold Property located in North Western British
Columbia's Golden Triangle region. The Company intends to drill
2,100 meters (6,800 feet) with initial drill holes testing the
Carcass Creek and 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 these zones
returned some of the highest grades on the Forrest Kerr Property
and the Company feels there is the potential for the expansion of
these known zones based on recent data compilation, structural
geological interpretation and additional field reconnaissance work.
Aben 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 large property area.
Golden Triangle Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
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
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.
Jim Pettit, President and CEO of
Aben, states: "The commencement of this first-pass drill program at
our Forrest Kerr project in the prolific Golden Triangle is a
milestone for the Company. 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 plan to test early in the
drill program. Despite excellent drill results including 10 g/t Au
over 29 metres and 33 g/t Au over 11 metres, these historical drill
holes at 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. Lastly, Aben's technical team has spent over a year
analyzing and reinterpreting the historical exploration and
geological data with the help of structural geologists and we feel
we have a stronger understanding of the existing targets and
high-grade gold mineralization at the project."
Tim J. Termuende, P.Geo., a
Director of Aben, commented: "Since first working in the Forrest
Kerr area in 1990 as a young geologist, I have been continually
impressed with the abundance of mineralization within the Golden
Triangle. The project is located along the Forrest Kerr Fault which
consists of a 40 km 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 significant gold deposits in the Golden Triangle region."
*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. 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 Forrest Kerr 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. 46.8
million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President & CEO
For further information
contact:
Aben Resources Ltd.
Director, Investor Relations
Telephone: 604-687-3376
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".
All statements in this release, other than statements of historical
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Source: Aben Resources Ltd via Globenewswire
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