Aben Commences 2020 Field Program at Forrest Kerr Gold Project
July 27 2020 - 7:00AM
Aben Resources Ltd.
(TSX-V: ABN) (OTCBB:
ABNAF)
(Frankfurt:
E2L2) (the “Aben or the Company”)
is pleased to announce that it has established an exploration camp
and commenced ground work at the Forrest Kerr Gold Project located
in the Golden Triangle region of NW British
Columbia
. Initial fieldwork will consist of
mapping, prospecting, soil and rock sampling to better define
existing targets and generate new targets for a drill program later
in the season (permits are currently in place).
Forrest Kerr Project, Golden Triangle, B.C.,
location map
The initial area of focus will be on the West
bank of the Boundary Valley, roughly 500m south of the high-grade
mineralized zone at North Boundary. This area is host to a
300m-long corridor of polymetallic mineralization that has returned
gold grades ranging from 10.0 to 43.4 g/t Au
(grams per tonne), 29.2 to 46.0 g/t Ag and
1.3 to 4.6% Cu in multiple rock samples from
outcrop. Drillhole FK19-53 intersected a mineralized horizon
located 110m directly below these surface samples that averaged
1.2 g/t Au, 2.4 g/t Ag and 0.3 % Cu over 19.0m,
illustrating the continuity of mineralization over significant
vertical extent. The Au-Ag-Cu mineralization and alteration seen in
Drillhole FK19-53 core closely resembles mineralization previously
discovered by Aben at North Boundary:
NORTH BOUNDARY HIGH-GRADE
ZONE
- 38.7 g/t Au over 10.0m from 114.0-124.0m
including 331.0 g/t Au over 1.0m from Hole
FK18-10. Also 22.0 g/t Au, 22.4 g/t Ag over 4.0m
from 84.0-88.0m
- 6.7 g/t Au, 6.4 g/t Ag and 0.9% Cu over 10.0m,
including 18.9 g/t Au, 16.6 g/t Ag and 2.2% Cu
over 3.0m in Hole FK17-04
- 21.5 g/t Au, 28.5 g/t Ag and 3.1% Cu over 6.0m
from Hole FK17-05
Of note, this mineralized corridor is located
West of the Nelson Creek fault, previously thought to cut off the
polymetallic mineralization found East of the Nelson Creek fault at
North Boundary. A large and untested magnetic anomaly is located
190m west of the mineralized trend in a scree-covered area with
little outcrop present. The coincident magnetic anomaly combined
with the confirmed precious metal mineralization in both outcrop
and drill core from this area make for a compelling target that
will be further explored during this season.
Proposed Exploration and Drill Targets
Jim Pettit, President and CEO of Aben Resources
states; “We are pleased to be back up at the Forrest Kerr Project
for another season of exploration. We have utilized the off season
to work up some very site-specific targets based on detailed drill
analytics, surface sampling, and geophysical analysis from the past
3 years. The initial work this year will involve ground
truthing the targets selected before drilling later in the summer.
As stated in this news release, we will start in an area that has
an abundance of high-grade surface and outcrop mineralization that
is coincidental with down-hole mineralization directly below the
surface samples. This is basically the process we used to discover
the high-grade gold zone at North Boundary.”
Forrest Kerr Project:
The Forrest Kerr Property consists of 4 separate
claim blocks comprised of 56 mineral claims (23,397 ha) and is
owned 100% by Aben Resources. Numerous areas of interest have been
identified since Aben began systematic exploration in 2016, with a
total of 70 drill holes (21,968m/72,055’) completed to date by
Aben. The Boundary Valley hosts significant surface gold
mineralization and complex structural intersections, both of which
are important indicators of the potential for discovery of more
sub-surface high-grade gold mineralization.
Cornell McDowell, P.Geo., V.P. of Exploration
for 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 gold-focused projects in British Columbia and
the Yukon Territory. Aben is a well-funded junior exploration
company with over $1.0 million in the Company’s treasury.
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.
PETTITPresident & CEO
For further information contact myself or:Simon DyakowskiAben
Resources Ltd.Strategic AdvisorTelephone: 604-687-3376Toll 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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