Aben Intersects Mineralization Early in Drill Program at Forrest Kerr Project in BC’s Golden Triangle
July 16 2018 - 7:00AM
Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF)
(Frankfurt:E2L2) (the “Company”) is pleased to provide the
following progress update on its 2018 exploration and drilling
program at its 23,000-hectare Forrest Kerr Gold Property located in
British Columbia's Golden Triangle region. The first five holes
drilled at the high grade North Boundary Zone have encountered
mineralization and the drill core has been sent to the assay labs
and final geochemical assays are pending. These holes have
transected rock that has been strongly altered with
quartz-sericite-pyrite with variable chlorite and strong calcite
and hematite throughout. The pervasive nature of the alteration is
evidence toward the strength of the hydrothermal system that
operated through time in this part of the Property. Several fault
and shear zones have been encountered in each hole, which have been
interpreted and observed as the likely host to Au-Ag-Cu
mineralization. This area of the Forrest Kerr Property hosts
gold-silver-copper in rock and soil anomalies that span in excess
of 2 km by 4 km and remain under-explored.
Golden Triangle, B.C., claims
map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Select results from the 2017 holes include
6.7 grams per tonne (g/T) Au, 6.4 g/T Ag and 0.9% Cu over
10 meters, including 18.9 g/T Au, 16.6 g/T Ag and 2.2% Cu over 3.0
meters in hole FK17-04 which contributed to an average
grade of 0.26 g/T Au over 387 meters. Hole FK17-05
returned 21.5 g/T Au, 28.5 g/T Ag and 3.1% Cu over 6
meters from the same zone at a slightly greater depth.
The Company’s President and CEO, Jim Pettit,
stated: “Notable regional discoveries by Pretium, GT Gold,
Garibaldi Resources and others have illustrated the significant
discovery upside remaining in the district and we are confident in
the potential at Forrest Kerr given the newly discovered and
historic high-grade mineralization there as well as the numerous
untested gold-in-soil anomalies present.”
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
23,000-hectare property area.
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. 81.5 million shares
issued and outstanding with approx. $2.7 million in its
treasury.
ABEN RESOURCES LTD.
“Jim
Pettit” ____________________________JAMES G.
PETTITPresident & CEO
For further information contact:Don MyersAben
Resources Ltd. Director, Corporate CommunicationsTelephone:
604-639-3851Toll Free: 800-567-8181Facsimile: 604-687-3119Email:
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.
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