Aben’s First Drill Hole Discovers Multiple High-Grade Zones Including 62.4 g/t Gold over 6.0m within 38.7 g/t Gold over 10.0m at Forrest Kerr Project in BC’s Golden Triangle
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA
www.abenresources.com.
TSX-V Trading Symbol: ABN
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
August 9, 2018
Aben’s First Drill Hole Discovers Multiple High-Grade Zones Including 62.4 g/t
Gold over 6.0m within 38.7 g/t Gold over 10.0m at Forrest Kerr Project
in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to report that assay results from the first drill hole of 2018 have been
received with multiple high-grade zones and precious metal values intersected in the hole at
shallow depths. Drill hole FK18-10 was collared in the North Boundary Zone of the Forrest Kerr
Property in BC’s Golden Triangle region where drilling late in the season in 2017 discovered
strong precious and base metal mineralization . Hole FK18-10, the first of eight holes that have
been drilled thus far, has four separate high -grade zones with the best zone returning and
interval of 38.7 g/t Au over 10.0m including 62.4 g/t Au over 6.0m starting at 114 metres
downhole.
Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4728/abn_golden_triangle_map_1.1024x0.jpg
Highlights:
Four separate high -grade zones intersected in first drill hole FK18-10 all within 190
metres downhole at recently discovered North Boundary Zone
Highest-grade zone consists of 331.0 g/t (grams/tonne) gold (Au) (9.65 oz/t) over 1.0
metre (m) within broad zone averaging 38.7 g/t Au (1.12 oz/t) over 10.0m from 114.0 -
124.0m including 62.4 g/t Au over 6.0m (true thicknesses undetermined)
Additional high-grade zones in Hole FK18 -10 include 22.0 g/t Au, 22.4 g/t silver (Ag)
over 4.0m; 3.9 g/t Au, 4.0 g/t Ag over 13.0 m; and 8.2 g/t Au, 1.4 g/t Ag over 6.0m
(see table below for intervals in more detail)
This new discovery is part of the Boundary North Zone and is 230m north of the
historic high-grade drill hole drilled by Noranda in 1991
Plans to expand the drill program are being put in place and assays are pending for
seven more drill holes
Jim Pettit, President and CEO of Aben Resources stated, “The high -grade gold and base metal
values in the first hole of the 2018 drill program have far exceeded our expectations and confirm
the presence of a robust and strong mineralizing system at the recently discovered North
Boundary Zone. We are now looking at an area that extends 230m south to the historic high -
grade Noranda drill hole from 1991 and although the geology is complex we believe more
drilling will delineate additional high -grade mineralization. The target areas in and around the
Boundary Zone are relatively shallow and continue to provide strong discovery potential as we
look to value-add the project using a systematic exploration methodology. With drilling ongoing,
the Company is awaiting assay results from an additional seven drill holes, all of which were
drilled at the North Boundary Zone and will provide updates as results become ava ilable. I
would like to congratulate our geological team on their work thus far as we have made a
significant discovery in the Golden Triangle region that is still in its early days with drilling slated
to ramp up over the coming months."
Ron Netolitzky, Chairman of Aben Resources, stated: “ The presence of multiple mineralized
zones associated with mesothermal veining and adjacent to major structural breaks is very
encouraging. Close proximity to infrastructure will facilitate ongoing exploration.”
Overview of Drill Hole FK18-10 and Geological Description:
Hole FK18-10 (140/-45) was drilled from a location 35 metres northwest and along section from
the drill pad from which the discovery holes FK17 -04, 05 and 06 were drilled la te in the drill
season last y ear in August/September . The new hole has further defined and significantly
increased the zone of precious and base metal mineralization that the 2017 holes originally
intersected. Of particular note, the high-grade interval of 331.0 g/t Au was encountered 230
metres north of a 326 g/t Au interval reported by Noranda in 1991 in drill hole RG91-16 (see
attached plan map). High-grade intercepts are generally found in narrow and discrete zones of
moderate mineralization within a broad envelope of lower grade mineralization. Mineralization at
North Boundary reflects the poly -metallic nature of the core with widely variable values of Au,
Ag, Cu, Pb and Zn throughout.
Boundary North Plan View map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-plan-map-2018.jpg
With drilling currently ongoing, final geochemical assays results for seven completed holes are
still pending and the Company will l ook to expand the scope of the program given the results
from the first hole and visual indicators in the other holes . This recently discovered North
Boundary Zone shows very little outcrop exposure and contains complex geology which is
disrupted by a series of faults of unknown orientation. Additional drilling is required to determine
true thicknesses and establish controls to the mineralization
Previously reported and s elect results from the few 2017 drill holes at North Boundary include
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 which contributed to an average grade of 0.26 g/t Au over 387.0m.
Hole FK17-05 returned 21.5 g/t Au, 28.5 g/t Ag and 3.1% Cu over 6.0m from the same zone at a
slightly greater depth.
Boundary North Cross Section map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-cross-section-aug-
2018.jpg
Mineralization at North Boundary is structurally controlled and hosted in a package of volcanic
and volcaniclastic rocks from the Jurassic Hazelton Group. Several generations of quartz and
quartz-carbonate veining are important hosts to mineralization, as are subordinate breccia
zones with strong chlorite, hematite and carbonate alteration. The Boundary Zone lies between
the Forrest Kerr Fault to the west, a major de ep-seated crustal feature, and the unconformable
contact between the Jur assic Hazelton Group and the Triassic Stuhini Group to the East. The
rock reflects a prolonged history of strong hydrothermal activity combined with brittle
deformation. The host package Hazelton is known to be a prolific host to several deposits
throughout the region.
Table 1: Geochemical Assay Results from Hole FK18-10:
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (ppm)
FK18-10 61.0 74.0 13.0 3.9 4.0 6184
incl 64.0 65.0 1.0 4.6 6.8 12000
incl 65.0 66.0 1.0 38.4 35.6 57800
FK18-10 84.0 88.0 4.0 22.0 22.4 1667
incl 85.0 86.0 1.0 87.3 84.4 4490
FK18-10 114.0 124.0 10.0 38.7 2.9 916
incl 114.0 120.0 6.0 62.4 4.3 813
incl 118.0 119.0 1.0 331.0 21.5 1040
FK18-10 183.0 189.0 6.0 8.2 1.4 1066
incl 185.0 186.0 1.0 48.4 5.5 3900
* all assay values are uncut and intervals reflect drilled intercepts
true thicknesses and orientations of the various zones is currently not known
Analytical and QA/QC Description:
All 1 or 2 met re drill core samples were delivered to ALS Global prep facility in Terrace, British
Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was
pulverized until better than 85% passed a 75 micron s creen. G old was tested via fire assay
method Au-ICP21 with all ore -grade samples (>10 g/t) undergoing fire assay with gravimetric
finish. ALS performed multi -element ICP-AES package ME-ICP41 in their Vancouver facility to
test for 35 other elements. In addition to the quality assurance and quality control program
performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates
into the sample stream at the rate of one QA/QC sample in every 10 samples.
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 advancing projects in British
Columbia’s Golden Triangle, the Yukon and Saskatchewan. The Company is actively exploring
its flagship and high -grade Forrest Kerr Project located in the Golden Triangle region where
recent drilling has discovered strong precious and base metal mineralizatio n at the North
Boundary Zone.
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.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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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
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