Aben Announces Ambitious Exploration Plans for Justin Gold Project in the Yukon and Forrest Kerr Gold Project in BC’s Golden Triangle Region
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
May 23, 2019
Aben Announces Ambitious Exploration Plans for Justin Gold Project in the
Yukon and Forrest Kerr Gold Project in BC’s Golden Triangle Region
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) is pleased to provide an update on the Company’s plans for the coming
2019 drill season at the 100% owned 7,400-hectare Justin Gold Project in the Yukon and the
23,000-hectare Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. This
year, the Company plans to extend its drilling season one month by initiating a 2000 -meter drill
program at the Justin Gold Project commencing in early June. This program will entail 1350
meters of diamond drilling and 600 meters of Rotary Air Blast drilling (“RAB”), along with prospect
generating field work. This program should take 3 -4 weeks to complete which will coincide with
the commencement of the Forrest Kerr Project 2019 drill program at the end of June. The Forrest
Kerr drill program is on track to complete a planned 5000 meters but has the ability to add to the
size and scope of the program if results warr ant. Aben is well funded and looks forward to the
onset of exploration on both of these high-quality Canada-based gold projects.
JUSTIN PROJECT
Highlights for 2019
600 meters of RAB drilling (up to 20 holes) at the high grade orogenic Lost Ace Zone;
1350 meters of diamond drilling (up to 10 holes) to further test the intrusion related gold
system discovered in 2010 at the POW Zone;
Additional prospect generating field efforts;
Test for the existence of a multi -phase hydrothermal system with the potent ial for
overprinting mineralizing systems with the POW Zone.
Work completed on the Justin Gold Project in 2018 included the collection of 19 channel and 28
chip samples from 5 trenches, 16 rock samples, 7 till samples and 240 soil samples with coverage
totaling 6.0 line-km. The 2018 field program focused primarily on the Lost Ace Zone, an orogenic-
style quartz-gold bearing zone previously discovered in 2017.
Coarse Gold Grains from Justin Project, Lost Ace Zone, Yukon:
https://www.abenresources.com/site/assets/files/4303/abn_justin_jn2018-
1_coarse_gold_grains.jpg
2019 exploration at the Justin Gold Project will include drilling, prospecting, geologic mapping and
surface sampling across the highly prospective property. The first phase is anticipated to begin in
early June with mobilization of a track mounted Rotary Air Bl ast drill to the recently discovered
Lost Ace Zone, where 2018 trenching returned values ranging from trace to 20.8 g/t gold over
4.4 meters including 88.2 g/t gold (Au) over 1.0 m . The Lost Ace Zone is located 2 kilometers
west of the POW Zone, which was discovered in 2010 . The RAB drill is a cost -effective tool to
quickly evaluate the high -grade near surface gold -bearing mineralization present at Lost Ace,
interpreted to be orogenic-style quartz-gold veins that bear a strong resemblance to and share a
similar geologic setting with Golden Predator’s adjacent 3 Aces Property. Geologic evidence and
observations at Lost Ace point toward the existence of a multi -phase hydrothermal system with
the potential for overprinting mineralizing systems with the POW Zone
Justin Gold Project, Yukon location map:
https://www.abenresources.com/site/assets/files/4303/abn_justin_project_-
_property_location_2017_small.jpg
Concurrent with the RAB drilling at Lost Ace, Aben will conduct diamond drilling at the POW Zone
where drilling in 2011 and 2012 successfully discovered intrusion-related gold mineralization with
intercepts reported ranging from trace values to highs of 1.19 g/t Au over 60.0 m (including 2.47
g/t Au over 21.0 m) and 1.49 g/t Au over 46.4 m. The POW Zone will be further evaluated as a
potential host to bulk -tonnage gold mineralization and to test for the continuity of higher -grade
skarn mineralization along strike. In addition to drill testing both of these exciting targets, several
other high-priority exploration targets that have seen limited w ork but have yielded encouraging
results will receive field evaluation and surface sampling.
Mike Burke, P. Geo., and former Chief Geologist with Golden Predator Mining Corp. states, “The
orogenic style mineralization discovered at Lost Ace shares many characteristics with the
orogenic veins discovered at the 3 Aces project. Exploration at 3 Aces has shown the regionally
extensive stratigraphic contact in the middle Yusezyu Formation contains consistently highly
anomalous gold values. The discovery of gold mineralization in the upper Yusezyu Formation at
Lost Ace suggests newly discovered orogenic gold mineralization could occur over a significant
stratigraphic extent between the upper and middle Yusezyu Formation on the Justin Property. In
addition, the previously discovered intrusive related gold mineralization at the POW Zone would
have intruded through the prospective stratigraphy which hosts the older orogenic mineralization
in the district potentially enhancing grades in the intrusion related gold system.”
Additional Info on the Justin Project can be found on Aben’s web site:
https://www.abenresources.com/projects/gold-projects/justin-gold-project-yk/
FOREST KERR PROJECT
Highlights for 2019
Early drilling will test the potential for a northward extension of the high-grade mineralized
core at the North Boundary Zone;
Early drilling will also test for the potential connectivity of the North Boundary Zone with
the1991 high-grade Noranda hole approx. 200 meters to the south;
Drilling will also further test the polymetalic occurance at the South Boundary Zone where
broad intercepts of gold-silver-copper-zinc were incountered in 2018;
Airborne mag survey to be conducted over entire Boundary Zone before drilling starts this
year;
New pad locations will allow Aben to further test with greater certainty and confidence
locations that may have been drilled last year but were constrainded by the limited angles
and pad locations and will be able to test many new targets based off the new geophysical
survey as well as the existing geochemical survey with greater confidence.
2019 exploration at the Forrest Kerr Gold Project will comprise drilling, surface sampling and
prospecting across the 23,000-hectare land package. Drill activities will begin at the Boundary
Zone in late June, where over 12,000 meters of drilling were completed in 2017 & 2018. North
Boundary has previously returned high-grade results such as 38.7 grams/tonne (g/t) (1.12 oz/t)
gold over 10.0 m (from 114.0-124.0 m) including 331.0 g/t (9.65 oz/t) gold over 1.0 m in hole
FK18-10. Drilling to date has shown that mineralization extends several meters outbo ard of the
high-grade area within subordinate shear structures and vein arrays. Due to the availability of new
pad locations specific areas of interest will be revisited. Initially drill testing will focus on the
potential for a northward extension of the high-grade mineralized core at North Boundary originally
defined by holes FK17 -4, 5 and 6 and confirmed with holes FK18 -10 & 11. Drill holes are also
planned in an area immediately south of North Boundary to test for potential connectivity with
historic high-grade gold discoveries such as 326.0 g/t Au reported in 1991 by Noranda in drill
hole RG91-16 (located 200 m to the south of the North Boundary mineralized core).
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Drill activities will also target polymetallic mineralization at the South Boundary Zone where broad
intercepts of gold-silver-copper-zinc values in quartz veins were discovered in holes FK18-19, 20
& 21. An airborne magnetic survey will be conducted in late May across the entire Boundary Zone,
over an area that measures in excess of 2.0 km x 4.0 km . The magnetic geophysical data will
help delineate important geologic structures that influence mineralization and thereby allow the
technical team to focus on areas with greater discovery potential.
In addition to the exploration activities at the Boundary Zone, Aben anticipates that a high priority
target identified in the Forrest Zone (located 13 km south of Boundary) will also be drill tested this
summer. The area of interest at Forrest is defined by highly anomalous gold-in-soil and gold-in-
rock values coincident with a strong geophysical conductive anomaly originally reported in 2013.
With a new 5-year Multi-Year Area Based (MYAB) exploration permit in hand, which allows for 55
drill sites and helicopter pads, Aben Resources is excited for another productive season of mineral
exploration at the Forrest Kerr Property.
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
Soil Sampling Map at Forrest Zone:
https://www.abenresources.com/site/assets/files/4299/abn-forrest-kerr-soil-2017_1024x0.jpg
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
approximately 111.7 million shares issued and outstanding.
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. PETTIT
President & CEO
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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 cert ain 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. Alt hough management
believes the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not a guarantee 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 op inions,
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, a nd general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further information.