VANCOUVER, British Columbia, July
19, 2016 (GLOBE NEWSWIRE) -- Aben
Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF)
(Frankfurt:E2L2) ("Aben" or the "Company") is pleased to announce
the formation of a Technical Advisory Board to assist Aben's
management team in the exploration of its 23,000 hectares Forrest
Kerr Gold Project located within the "Golden Triangle" area, north
of Stewart, BC.
See Forrest Kerr project, BC,
Golden Triangle area map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
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
BC's Golden Triangle area (see Aben's News Release July 06th,
2016).
Management of Aben wishes to
welcome Henry Awmack, P.Geo.; David Caulfield, P.Geo.; and Mike
Roberts, Ph.D, P.Geo to Aben's Technical Advisory Board. Duties of
the members of the Advisory Board will include providing insight
based on past working experience in the Iskut River, Forrest Kerr
and More Creek areas and elsewhere, in addition to offering
guidance and direction with respect to future exploration of the
Forrest Kerr Project. These new members of the Technical
Advisory Board offer a wealth of knowledge that will help in the
technical decision making process for Aben's existing
experienced board members.
Biographies
of Key Board Members:
Ron Netolitzky, P.Geo. - Chairman
of the Board
Ron has been very successful in
mining exploration with over 35 years of experience and having been
directly associated with three major gold discoveries in Canada
that have subsequently been put into production; Eskay Creek, Snip
and Brewery Creek. He is a director of several publicly traded
exploration companies. Mr. Netolitzky has been honored with the
Prospector of the Year award from the PDAC, and Developer of the
Year award from the BC & Yukon Chamber of Mines. In 2015, he
was inducted into the Canadian Mining Hall of Fame.
Tim J. Termuende, P.Geo. -
Director
Tim is a professional geologist
with over 30 years' experience in mineral exploration and is a
director of several mineral exploration companies operating in
western Canada. Tim has worked on exploration projects throughout
North, Central, and South America, and has been personally involved
in exploration within the Forrest Kerr area in the early 1990's.
Tim has been continuously active in mineral exploration since 1976,
and currently oversees a broad range of ongoing exploration
projects located throughout western Canada.
Biographies
of Technical Advisory Board:
Henry Awmack, P.Geo. - Advisory
Board
Henry has over 30 years'
experience in the mining industry. As a co-founder of Equity
Engineering Ltd. in 1987, Mr. Awmack has managed all aspects of a
geological consulting and contracting firm including project
planning and execution, hiring of field crews, geological
fieldwork, property examinations and preparation of technical
reports. He has worked around the world exploring for a variety of
commodities, and has extensive "on the ground" experience in the
Forrest Kerr, BC area in particular. Mr. Awmack holds a B.Sc
(Honours) Applied Science in Geological Engineering from the
University of British Columbia and is registered as a professional
engineer with the Association of Professional Engineers and
Geoscientists of British Columbia.
David Caulfield, P.Geo. - Advisory
Board
David Caulfield was co-founder of
Rimfire Minerals Corporation (now Kiska Metals Corporation), and he
played an integral role in building the company and its' business
through its strategic partnerships. Prior to Rimfire, he was a
co-founder and President of Equity Engineering Ltd. (now Equity
Exploration Consultants Ltd.), a privately held geological
consulting firm. Mr. Caulfield currently serves on the board of
directors of Evrim Resources Corp. David is also a co-founder,
shareholder and director of C3 Alliance Corp., a privately held
consulting firm. In an extensive volunteer capacity, David
served as the 2005 President of the Association for Mineral
Exploration of British Columbia (AME BC) and David played an
instrumental role in the creation of Geoscience BC in 2005 and has
served as a volunteer Director and Vice Chair until 2014. David's
experience in the Golden Triangle, BC area stretches back to the
early 1980's and includes property acquisition and all aspects of
field exploration and execution.
Michael Roberts, Ph.D., P.Geo. -
Advisory Board
Mike is a professional geologist
with over 15 years of experience in mineral exploration and is
currently the V.P. of Exploration for Kiska Metals Corporation. As
a field geologist for several junior exploration companies and as
V.P. for Kiska, Mike has conducted and managed grassroots to
advanced exploration programs for base and breccia metals in North
America and Australia, typically in partnerships with major mining
companies. Mike is passionate about the mineral potential of
B.C., and has been actively involved in exploration programs in the
Forrest Kerr area since 2005.
Forrest Kerr
Gold Project Summary:
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. A good example
of these opportunities is the "Klinker" mineral occurrence, located
within Forrest Kerr property boundaries and reported to be "taken
in 1990 adjacent to a glacier, yielded 27% copper and 63 grams per
tonne silver" (BC MINFILE 104B496).
Jim Pettit, President of Aben
commented: "With the addition of the Technical Advisory Board to
aid and assist Aben's management and board we look forward to a
successful exploration season ahead. The consolidation of the land
package now known as the Forrest Kerr Project has happened at an
incredibly opportune time. With the increase in the price of
gold since the beginning of the year and the immense interest in
the Golden Triangle area in Northwestern BC, Aben is very fortunate
to have combined these three contiguous properties into one large
land package. Our first priority will be to initiate a
consolidation and compilation of all the data into a single GIS
database. This whole region is experiencing a renaissance in
exploration activity not seen since the early days of Eskay
Creek. The big difference today being improved access and
infrastructure."
2016
Exploration Activity:
Aben intends to immediately
initiate a comprehensive data compilation, bringing all historical
work into a single GIS database. This work will be followed by
fieldwork aimed at determining drill targets for a fall, 2016
drilling campaign. Permitting for the drilling activity is
currently underway.
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 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.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aben Resources Ltd via Globenewswire
HUG#2029272
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