Aben Resources Provides Update to 2017 Exploration Plans for Forrest Kerr Gold Project in B.C.'s Golden Triangle
May 16 2017 - 11:00AM
VANCOUVER, British Columbia, May 16, 2017 (GLOBE
NEWSWIRE) -- Aben Resources
Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) ("Aben" or
the "Company") is pleased to provide an updated timeline and
summary of the Company's exploration plans for its 100% held 23,000
hectare Forrest Kerr Gold Project, located in BC's Golden Triangle,
for the 2017 field season.
B.C.'s Golden Triangle
map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
The Aben exploration team will arrive to site in
the third week of June to begin field work that will include drill
target generation, ground truth exploration and surface sampling.
Aben has applied for a Multi-Year Area Based permit from the B.C.
Ministry of Energy and Mines, wherein three main zones have been
defined as a focus for exploration activities and subsequent drill
testing in 2017.
Historic drilling on the Forrest Kerr Project has
encountered several high grade precious metal and base metal
intercepts including:
Forrest
Kerr Carcass Zone showing historical drill holes and
sampling:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Carcass_Creek.jpg
Forrest
Kerr Boundary Zone showing historical drill holes and
sampling:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Boundary_Zone.jpg
-
South: Forrest
Creek hole A90-7 returned 2.28 g/t Gold, 0.3% Copper and 6.3 g/t
Silver over 28 meters, while hole A90-13 encountered 2.5 g/t Gold,
0.3% Copper and 6.1 g/t Silver over 35 meters. These two holes were
collared 50 meters apart and were interpreted to test the same
shear zone.
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.
The areas of interest contain several precious and
base metal occurrences within Hazelton Group rocks, which host
several mineral deposits throughout the region. Widespread
quartz-sericite-pyrite alteration zones indicate that a robust
hydrothermal system was active and is likely related to early
Jurassic intrusive bodies found in close proximity to the altered
zones. The property has excellent potential to host both
volcanogenic massive sulphide (VMS) mineralization similar to the
historic Eskay Creek mine and transitional epithermal vein
mineralization analogous to Pretivm Resources Brucejack gold mine.
Exploration in 2017 will be guided with both of these depositional
models in mind as Aben seeks to extend historically defined
mineralization and probe for a new discovery.
The Forrest Kerr Gold Property has significant
potential to host precious metal mineralization in the heart of the
Golden Triangle of British Columbia. The Property is host to
numerous mineralized occurrences that have been defined through
systematic fieldwork conducted from the late 1980's to the mid
2000's. Only limited fieldwork has been completed on the Property
in the last decade, during which the area has seen major
infrastructure improvements including road access and
hydro-electric facilities. In addition, rapid melting rates of
glaciers on the property have provided new exposures in areas that
were inaccessible during previous exploration campaigns.
The Golden Triangle is host to significant mineral
deposits including Galore Creek, Copper Canyon, Schaft Creek,
Brucejack, Snowfield, KSM, Snip, Granduc, and Red-Chris amongst
others.
Aben's Forrest Kerr land package is located along
the Forrest Kerr Fault, immediately north of the Iskut River and
extends 6 kilometers north of More Creek. The project is road
accessible to its northern portion via the Galore Creek road and to
its southern end via the Coast Mountain Hydro road. The Forrest
Kerr Hydroelectric Facility, which supplies 195 MW of energy to the
BC power grid via the 287 kV Northwest transmission line, is
located in the southern portion of the property. The claims span 40
kilometers in a north-south direction over Hazelton and Stuhini
Group rocks, a complex assemblage of volcanic and sedimentary
sequences which host numerous significant gold deposits in B.C.'s
Golden Triangle area.
Forrest Kerr project, B.C., Golden
Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
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.
For further information on Aben Resources Ltd.
(TSX-V:ABN), visit our Company's web site
at www.abenresources.com.
Aben Resources has approx. 31.5 million shares
issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President & CEO
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 Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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
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