Aben Resources Provides Results and Summary of 2020 Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle
October 30 2020 - 7:00AM
Aben Resources Ltd.
(TSX-V: ABN) (OTCQB:
ABNAF)
(Frankfurt:
E2L2) (the “Aben” or the
“Company”) announces the results of the recently completed drill
program from the Forrest Kerr Gold Project. The Company completed
two holes for a total of 990.0 meters. The 2020 drill program
tested for the mineralized extension of high-grade polymetallic
mineralization on the west side of the Nelson Creek Fault Zone.
Both holes were collared on the scree-covered west bank of the
Boundary Valley, several hundred meters outboard from the main
mineralized zone at North Boundary.
Boundary Zone
and Exploration
& Potential Drill Target
maps:https://abenresources.com/site/assets/files/4087/2020-10-29-abn_slide_for_website.pdf
Hole FK20-71 encountered multiple horizons of
polymetallic mineralization (Au-Ag-Cu-Zn) with the most uniform
zone returning an average gold grade of 0.46 g/t Au (grams/tonne)
over 37.0 meters (highest 1.0m value of 3.45 g/t Au). This horizon
directly correlates with a drilled intercept from hole FK19-53 that
averaged 1.2 g/t Au over 19m (located 70 meters above) and several
surface samples (180m above) that returned gold values between 1.0
to 43.3 g/t Au. With limited drilling, this zone shows uniform gold
grade mineralization over 180 m of vertical extent with a minimum
surficial mineralized footprint exceeding 300 meters along strike.
Notably, this mineralization is located west of the Nelson Creek
fault zone, a structure that was previously thought to cut-off
polymetallic mineralization west of the North Boundary high-grade
mineralized zone.
FK20-72 tested for the potential of precious
metal mineralization at the intersection of the NE-SW directed
Blind Fault and the N-S oriented Nelson Creek Fault Zone. This hole
encountered sporadic polymetallic mineralization adjacent to a
strongly-altered fault-derived (mylonitic) rock package, but failed
to encounter the structurally offset high-grade mineralization
present at the North Boundary main zone (180m NE). A 19.0 m
intercept with consistent low-tenor gold grades averaged 0.25 g/t
Au between 453.0-472.0m downhole depth, roughly 350m below the
surface of the North Boundary mineralized corridor.
The west-side mineralization is hosted within a
volcanic to sub-volcanic Hazelton rock package with variably strong
Quartz-Sericite-Pyrite (QSP) alteration, abundant quartz veins and
a significant potassic component indicative of high-temperature
fluids sourced from a proximal mineralizing heat source.
Both drillholes encountered highly fractured
rock below approximately 55.0 meters of glacier-derived debris
within and adjacent to the Forrest Kerr Fault Zone, a major crustal
feature that provided structural pathways for mineralized fluids.
Adverse weather in July, August and into September also affected
the efficiency of drilling, which prompted Aben to suspend drilling
after 990m of a planned 1500m.
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 72 drill holes (22,958m/75,302’) completed. The Boundary
Valley (3.5 km x 1.0 km) 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.
Aben CEO Jim Pettit states, “Despite the
challenges the Company faced this season at the Forrest Kerr
Project, we managed to identify a new mineralized zone that shows
uniform gold values over significant intervals along strike and to
depth. This is significant as the Nelson Creek Fault was previously
thought to cut off polymetallic mineralization west of the North
Boundary High Grade Zone. This definitely opens up the west side of
the Boundary Valley for further exploration.”
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.
Forrest Kerr Gold Project, Golden
Triangle, BC claims
map:https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf
For further information on Aben Resources Ltd. (TSX-V: ABN),
visit our Company’s web site at www.abenresources.com.
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.
ABEN RESOURCES LTD.
“Jim Pettit”______________________JAMES G.
PETTITPresident & CEO
For further information contact:Aben Resources Ltd.Telephone:
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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