VANCOUVER, British Columbia, Oct.
05, 2016 (GLOBE NEWSWIRE) -- Aben Resources
Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) ("Aben" or
the "Company") is pleased to announce the completion of a
property-wide reconnaissance and surface sampling program on its
23,000 hectare Forrest Kerr Gold Project located in northwestern
British Columbia in a region called the GOLDEN TRIANGLE.
B.C.'s Golden Triangle
map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
360 soil, 11 silt, and 35 rock
samples were collected, with assays pending, in order to both
confirm historic high-grade zones and extend existing multi-element
soil anomalies. The Company believes the sampling will better
define known mineralized trends and will assist in confirming
targets for a planned drill program in 2017. All information
gathered will be added to the large, historic data compilation that
is currently underway. This large body of data was gathered from
some three decades of systematic exploration on the RDN Property,
the Forgold, the Forest Property and Aben's 100% own land that now
make up the Forrest Kerr Project and will allow for a regional
overview of the entire project area.
Forrest Kerr project, B.C., Golden
Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
The recently completed field
program saw work conducted across the entire property with a focus
on three specific areas where past exploration has revealed strong
mineralization. In the northern portion (RDN Claims) of the
amalgamated claim block, historic drilling at the Wedge Zone has
intersected high-grade Au-Ag-Cu-Pb-Zn mineralization over a strike
length exceeding 1 kilometer. At south Wedge, historic hole RG90-07
returned an average of 14.5 g/t gold over 7.8 meters while RG91-21
returned 125 g/t gold over 0.8 meters and 91 g/t gold over 1.95
meters. RDN04-32 was collared over 900 meters north of those
two holes and returned greater than 5 g/t gold over 1 meter with
elevated Ag+Pb+Zn over a 6 meter interval.
At the Boundary Zone, 8 kilometers
to the south of the Wedge Zone near the boundary of the RDN and
Forgold claims, Noranda reported 326 g/t gold over 0.4 meters
(average 60 g/t gold over 5.5 meters) in drill hole RG91-16.
Follow up drilling in the immediate vicinity encountered 19.2 g/t
gold and 2.7% copper over 1.5 meters.
Over 30 gold bearing occurrences
have been documented on the Forrest group of claims, located in the
south of the Forrest Kerr Project, where a strong hydrothermal
system has created numerous Au-bearing quartz sulfide vein and
shear zones along a north south trend greater than 8 kilometers in
length. Avondale Resources reported an average of 0.77% Cu and 1.97
g/t Au over 16.8 m true width from a drill intersection in 1990 at
the Creek showing. (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.)
Aben's Forrest Kerr land package
is located along the Forrest Kerr Fault, immediately north of the
Iskut River and southward of More Creek, with recent hydro-electric
power and road access afforded to the northern and southern areas
of the property. The claims consist of a 40km-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 numerous significant gold deposits in
B.C.'s Golden Triangle area.
The Forrest Kerr Gold Project is
located in the heart of the Golden Triangle of British Columbia and
is considered to hold significant potential for precious metal
mineralization. Numerous mineralized occurrences are documented
throughout the project area and sound, systematic fieldwork
conducted from the late 1980's to the mid 2000's provide a solid
framework for ongoing fieldwork. With little activity in the area
during the past decade, the area is ripe for modern exploration
techniques. The area has recently seen major infrastructure
improvements, including roads and hydro-electric facilities. In
addition, rapid melting rates of glaciers in parts of the property
area are expected to provide new exposures in areas that were
inaccessible during previous exploration campaigns.
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, the
Yukon and North West Territories.
For further information on Aben
Resources Ltd. (TSX-V:ABN), visit our Company's web site at
www.abenresources.com.
Aben Resources has approx. 19.9
million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact
myself or:
Don Myers
Aben Resources Ltd.
Corporate Communications
Telephone: 604-687-3376
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.