YASTEST
VANCOUVER, British Columbia, Oct.
04, 2017 (GLOBE NEWSWIRE) -- Aben
Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF)
(Frankfurt:E2L2) (the "Company") is pleased to provide results for
the first four drill holes of the phase-one drill program at the
Forrest Kerr Gold Project located within the Golden Triangle region
of British Columbia. The initial three holes were drilled at the
Carcass Creek Zone and the fourth is the first of six holes drilled
at the Boundary Zone located 7.7 km south of Carcass Creek. Both
locations host historically reported polymetallic high-grade
mineralization.
Golden
Triangle, BC Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Highlights:
- Hole FK17-04 returns 6.7 g/t Au, 6.4
g/t Ag and 0.9% Cu over 10.0 metres, including 18.9 g/t Au, 16.6
g/t Ag and 2.2% Cu over 3.0 metres
- Part of a much larger mineralized
horizon which returned 0.26 g/t Au over 387.0 metres
- Hole FK17-04 is large stepout
located 280 metres north of historic Boundary Zone drill hole
RG91-16 which returned 33.4 g/t Au over 11 metres including 326 g/t
Au over 0.5 metres
- Style and degree of alteration and
mineralization indicative of a robust hydrothermal system with the
mineralized zones being 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
other localities within the Golden Triangle including GT Gold's
Tatogga property
- Hole FK17-04 is the first of six
holes that were completed in the Boundary Zone with assays pending
for the remaining five holes
- The strongest and most extensive
gold and copper soil anomalies have yet to be drill tested in the
southern portion of the Boundary Zone
- Given these early stage results,
Aben has plans to aggressively explore and drill test the
high-grade Boundary Zone which is open along strike and at
depth
Aben's
Forrest Kerr, BC Project Map:
http://www.abenresources.com/i/maps/FK-007.jpg
Jim Pettit, CEO of Aben
stated: "The assay results from Aben's
first hole drilled at the Boundary Zone on our flagship Forrest
Kerr project are very exciting and illustrate the robust upside
potential at the property. The discovery of high-grade,
near-surface gold mineralization in hole FK17-04, and the fact that
it is a 280 metre step out north of the known historic high-grade
gold mineralization at the zone, is highly encouraging.
Furthermore, the strongest and most extensive gold and copper soil
anomalies are present in the relatively untested southern portion
of the Boundary Zone. The target areas in and around the Boundary
Zone are relatively shallow and continue to provide strong
discovery potential as we look to value-add the project using a
systematic exploration methodology. The Company is awaiting assay
results from the final five drill holes, all of which were drilled
at the Boundary Zone and will provide updates as results become
available."
The Boundary
Zone:
The first drill hole (FK17-04)
collared at the Boundary Zone, located in the central part of the
Forrest Kerr property, intersected near-surface, high-grade
gold-silver-copper (Au-Ag-Cu) mineralization in addition to several
other mineralized zones along its entire length. Hole FK17-04
encountered a carbonate breccia unit containing semi-massive
sulphide mineralization that returned 6.7 g/t (grams per tonne) Au, 6.4 g/t Ag and 0.9% Cu over
10.0 metres from 16.0 to 26.0 metres depth. Within
this interval was a section which returned 18.9 g/t Au, 16.6 g/t Ag and 2.2% Cu over 3.0
metres. This high-grade intercept was part of a 53.0
metre zone between 10.0 and 63.0 metres depth that returned an
average of 1.5 g/t Au, 2.0 g/t Ag and
0.23% Cu. The average gold grade over the entire
length of 387.0 metres is 0.26 g/t
Au from 10.0 to 397.0 metres. A summary of select
drill intercepts can be viewed in the table below.
2017 Boundary Zone
Drilling |
Hole # |
|
|
|
From
(m) |
|
To
(m) |
|
Width
(m) |
|
Au
(g/t) |
|
Ag
(g/t) |
|
Cu
(%) |
|
Zn
(%) |
FK17-04 |
|
entire hole |
|
10.0 |
|
397.0 |
|
387.0 |
|
0.26 |
|
|
|
|
|
|
|
|
including: |
|
10.0 |
|
63.0 |
|
53.0 |
|
1.5 |
|
2.0 |
|
0.23 |
|
|
|
|
|
|
16.0 |
|
26.0 |
|
10.0 |
|
6.7 |
|
6.36 |
|
0.9 |
|
|
|
|
|
|
18.0 |
|
21.0 |
|
3.0 |
|
18.9 |
|
16.6 |
|
2.2 |
|
|
|
|
|
|
154.0 |
|
170.0 |
|
16.0 |
|
0.07 |
|
2.1 |
|
|
|
0.32 |
|
|
|
|
193.0 |
|
207.0 |
|
14.0 |
|
1.1 |
|
2.8 |
|
0.2 |
|
|
*Drilled intercept widths, true
widths unknown |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Drill core from hole FK17-04 shows
strong quartz-sericite-pyrite (QSP) alteration with variably
abundant episodic quartz-sulphide-carbonate veining. This style and
degree of alteration is indicative that a robust hydrothermal
system operated over time in the area. As previously reported,
numerous copper-enriched mineralized zones were encountered over
notable widths during drilling at the Boundary Zone in several of
the drill holes. 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
Aben has drilled and those that GT Gold is reporting from their
Tatogga Property, located north of the Forrest Kerr Project.
Picture of
Drilling at Boundary Zone, Forrest Kerr Project,
BC:
http://www.abenresources.com/i/photos/forrest-kerr/IMG_8866.jpg
Hole FK17-04 is the first of six
holes completed at the Boundary Zone during phase-one drilling and
the first of three collared from the same drill pad. All three
holes pierced the strongly mineralized carbonate-sulphide breccia
unit, which will help to interpret the zone geometry and continuity
of mineralization. Of particular note, hole FK17-04 is located 280
metres north of historic Boundary Zone drill hole RG91-16 which
returned 33.4 g/t Au over 11 metres including 326 g/t Au over 0.5
metres. Drill locations and orientations for this first phase of
drilling were chosen to cut perpendicularly across as many
structurally-controlled mineralized zones as possible, beginning at
the northern end of the Boundary Zone and progressing
southward.
The strongest and most extensive
gold and copper soil anomalies are present in the essentially
untested southern portion of the Boundary Zone. Aben's management
and geological team are highly encouraged that this type of
mineralization has been discovered at the onset of the drilling at
the Boundary Zone, and plan to aggressively explore the high-grade
zones with future drilling.
There are five more drill holes
with assays pending that were drilled at the Boundary Zone
including additional step-out holes located north and south of the
historic high-grade mineralization encountered in hole RG91-16 as
well as one hole drilled back at the historic high-grade zone.
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 for
the final five holes has been sent to the assay labs and final
geochemical assays are pending.
The Carcass Creek
Zone:
The first three drill holes of
2017 (holes FK17-01, FK17-02 and FK17-03) were collared 7.7 km
north of the Boundary Zone in the Carcass Creek area, where
historic drilling had returned high-grade intercepts such as 9.9
g/t Au over 29.3 metres, including 124.9 g/t Au over 0.8 metres and
91.6 g/t Au over 1.9 metres in hole RG91-21. Two of Aben's holes
encountered mineralized horizons containing Au, Ag, Cu and Zn with
assay values ranging from trace amounts to those listed in the
table below for the noted elements. Aben's geological team will
continue to assess the latest results from Carcass Creek and
interpret them together with the historic data as the understanding
of mineralizing controls continues to evolve.
2017 Carcass Creek Zone
Drilling |
Hole # |
|
From
(m) |
|
To
(m) |
|
Width
(m) |
|
Au
(g/t) |
|
Ag
(g/t) |
|
Cu
(%) |
|
Zn
(%) |
FK17-01 |
|
82.0 |
|
90.0 |
|
8.0 |
|
0.35 |
|
1.1 |
|
|
|
0.43 |
|
|
122.0 |
|
125.0 |
|
3.0 |
|
0.49 |
|
4.3 |
|
0.23 |
|
0.27 |
|
|
138.0 |
|
146.0 |
|
8.0 |
|
0.27 |
|
3.28 |
|
0.44 |
|
|
FK17-02 |
|
No significant results to
report |
|
|
|
|
|
|
|
FK17-03 |
|
173.0 |
|
178.0 |
|
5.0 |
|
0.22 |
|
1.34 |
|
|
|
0.23 |
*Drilled intercepts, true widths
unknown |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forrest Kerr
Gold Project Summary:
The Forrest Kerr Property
represents a consolidation of the RDN, Forgold, Forrest and various
Aben-controlled claims that comprise 23,000 hectares in the Golden
Triangle area of British Columbia. Aben has agreements in place
that give the Company the exclusive right to earn a 100%
interest in the various properties. Historic exploration work on
the property over the last three decades has produced a database
that includes over 120 drill holes, 2,100 rock and 18,000 soil
samples. A majority of the work was completed in the early 1990's
after the discovery of the nearby Eskay Creek mine spurred an
exploration boom in the area. Very little activity has been
recorded on the claim group in the past decade, a period of time
that has seen vast improvements in local infrastructure with the
construction of the 277 megawatt Northwest hydro-electric facility,
located on the southern portion of the property. In addition,
all-weather road access to both the northern and southern portions
of the property is available from the paved provincial
Stewart-Cassiar Highway #37.
*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.
Analytical
and QA/QC Description:
All drill core samples were
delivered to ALS Global prep facility in Terrace, British Columbia
where they were crushed until 70% passed a 2mm sieve, then a 250g
split was pulverized until better than 85% passed a 75 micron
screen. Gold was tested via fire assay method Au-ICP21 with
all ore-grade samples (>10 g/t) undergoing fire assay with
gravimetric finish. ALS performed multi-element ICP-AES package
ME-ICP41 in their Vancouver facility to test for 35 other elements.
In addition to the quality assurance and quality control program
performed by ALS, Aben personnel inserted lab certified standards,
field blanks and duplicates into the sample stream at the rate of
one QA/QC sample in every 10 samples. All Certificates of Analysis
have been thoroughly checked and no issues were discovered.
About Aben
Resources:
Aben Resources is a Canadian gold
exploration company developing gold-focused projects in British
Columbia, Saskatchewan and the Yukon Territory. 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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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
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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
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Source: Aben Resources Ltd via Globenewswire
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