Aben Minerals Mobilizes Crew and Equipment for Geophysical Survey at Justin Gold Project
June 06 2024 - 6:00AM
Aben Minerals Ltd.
(TSX-V: ABM) (OTCQB: ABNAF)
(Frankfurt: R26)
(“Aben” or “the Company”) is pleased to announce that a crew has
mobilized to conduct an airborne QMAGT Geophysical Survey at the
7,400 hectare, 100% owned Justin Gold Project in the Yukon
Territory.
The state-of-the-art geophysical survey will
cover the Lost Ace and POW zones, the two main gold (Au)
mineralized zones at Justin, as well as the highly prospective area
between them. Historic drilling at the POW zone has returned 1.25
g/t Au over 60.0 m (JN11-009) and 2.52 g/t Au and 29.5 g/t Ag over
12.0 m (JN11-010). Surface chip sampling at the Lost Ace zone
returned high-grade gold values ranging from trace to 20.8 g/t Au
over 4.4 m. Gold mineralization at the POW zone is hosted within
and adjacent to the Justin Stock, a mid-Cretaceous intrusive body
located at the southern end of the prolific Tombstone Gold Belt.
Lost Ace is located 2 kilometers northwest of the POW zone along
strike of the local NW-SE faults that have acted as conduits to the
robust hydrothermal system.
Justin Gold Project Location and Target
Zones
President and CEO Riley Trimble states, “The
team is Aben Minerals are extremely excited to commence this survey
at the Justin Gold Project. We feel that based on prior drilling
success and notable surface sample results, the two main targets
can be further explored with a targeted drill campaign for which
this survey will be highly useful. We also hope to prove that the
area between the POW and Lost Ace zones is also highly
prospective.”
Program Details
Aben Minerals has contracted DIAS Airborne Ltd.
to conduct a QMAGT (full-tensor magnetic gradiometry low
temperature SQUID sensors). DIAS Airborne will fly the survey from
the Seabridge Gold’s 3 Aces camp located adjacent to the Justin
Gold Project. We expect the survey to be completed in the coming
weeks, with results 6 weeks after demobilisation.
Survey Specifications
Block |
Line
Spacing |
Tie line
Spacing |
Lines |
Tie Lines |
Line-km |
Option 1 |
50 |
n/a |
32 |
0.0 |
83.1 |
Map of Planned Survey
Target Zones at Justin Gold
Project
About
QMAGT
The QMAGT system is a helicopter-borne magnetic
survey system that measures the magnetic field in a robust and
detailed manner. The SQUID (superconducting quantum interference
device) sensor measures the complete gradient tensor (second-order)
of the earth’s magnetic field (otherwise known as full tensor
magnetic gradiometry – FTMG). This FTMG measurement provides
directional information about the magnetic field which is not
available from total field sensors, which have been the industry
standard for many years.
The SQUID sensors are developed by Supracon AG
of Jena, Germany. Operating within a liquid helium bath, the
sensors measure the magnetic field with unrivaled sensitivity. The
sensor system is the result of over 20 years of development and
testing and has flown many successful exploration campaigns. The
QMAGT system is the full commercialization of this established
system.
The QMAGT system is deployed in a custom-built
airfoil beneath a helicopter. This ‘bird’ effectively reduces
motion noise, allowing for the recovery of high-quality data. As a
lightweight system, QMAGT can be deployed in most operating
environments.
QMAGT
Benefits
Resolution and Detectability
- extremely
low-noise FTMG measurements (<10pTRMS/m)
- provides
benefits of vector surveys without disadvantage of extreme
sensitivity to orientation
- higher spatial
resolution (~ 2X) (Rasmussen & Pedersen, 1990)
Improved geologic modelling
- Reduces
non-uniqueness of potential fields
- Better model
results, accurate, detailed 3D models
Justin Gold Project
The 7,400-hectare Justin Gold property is 100%
owned by Aben Minerals Ltd located in the southeast Yukon in the
Tintina Gold Belt and adjacent to Seabridge Gold’s 3 Aces Project.
Aben has drilled a total of 4972.0 metres in 21 diamond drill holes
across four zones of interest. Drilling in 2011 and 2012 at the POW
Zone successfully discovered:
- Hole
JN11009: 1.25 g/t Au over 60.0m (including 2.47 g/t Au
over 21.0m)
- Hole
JN11010: 2.52 g/t Au and 29.53 g/t Ag over 12.0m
Additionally, trenching in 2018 at the Lost Ace
Zone, located 2 kilometers northwest along strike from the POW Zone
returned values ranging from trace to 20.8 g/t gold over 4.4m
including 88.2 g/t gold (Au) over 1.0m. The discovery at Lost Ace
highlights the existence of a multi-phase hydrothermal system with
the potential for overprinting mineralizing systems.
For further information regarding the project,
please refer to the NI 43-101 Technical Report – Justin
Gold Project 2021.
Qualified Person
Cornell McDowell, P.Geo., V.P. of Exploration
for Aben Minerals, 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 Minerals:
Aben Minerals is a Canadian gold exploration
company with exploration projects in the Yukon Territory and
British Columbia. The Company’s goal is to increase shareholder
value through new discoveries and developing exploration projects
in geopolitically favourable jurisdictions. The Company has 18.7
million shares outstanding.
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For further information on Aben Minerals Ltd. (TSX-V: ABM),
visit our Company’s website at www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”______________________Riley
TrimblePresident & CEO
For further information contact:Aben Minerals Ltd.Riley Trimble,
President & CEOTelephone: 604-416-2978Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@abenminerals.com
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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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