Aben Announces Analytical Results from First-Pass Drilling at the South Boundary Zone at the 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
October 16th, 2018
Aben Announces Analytical Results from First-Pass Drilling at the South
Boundary Zone at the Forrest Kerr Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frank furt: E2L2)
(the “Company”) provides further analytical results from the 2018 exploration drill program at the
Forrest Kerr Property . Three holes totalling 1 ,153 meters have been completed in the newly
discovered South Boundary Zone 1.5 km south of the strong precious metal mineralization
delineated at the North Boundary Zone. These holes represent the first ever drill holes collared
in this target area and have intersect ed numerous broad horizons of mineralized veins
containing abundant pyrite and variable amounts of chalcopyrite. Discovery hole FK18 -21
intersected 379.2 meters of 0.10 grams/tonne (g/t) Au starting at a depth of 4.8m including
89.0m of 0.24 g/t Au and 9.0 m of 0.95 g/t Au. Gold values in all three holes range from trace
amounts to greater than 5 g/t in the 1- or 2-meter sample intervals (silver values range from
trace to 8.7 g/t and copper values range from trace to 9500 ppm). Aben management is
extremely encouraged that this first -pass drilling has intercepted broad zones of pervasive
alteration (silica-sericite-pyrite-chlorite-potassic) with abundant quartz -sulfide vein s and
mineralized breccia zones indicating a strong and widespread mineralizing event.
Golden Triangle, B.C., Claims Map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
The three holes at South Boundary were collared on the periphery of a larg e gold -in-soil
anomaly that is coincident with high gold -in-rock values and adjacent to a n electro-magnetic
(“EM”) geophysical conductivity anomaly identified in the mid 1990’s (drill hole summary below).
Only a very small portion of the anomalies have bee n tested with the current drill holes so the
potential for further discovery of precious metal mineralization remains high and open in all
directions. A 355 -line km airborne magnetic s urvey was recently completed over the entire
Boundary Zone with interpreted results expected soon. Aben anticipates that the large amount
of drill hole, surface and geophysical data collected in the last two years coupled with a
significant database of historic information will greatly assist in targeting expanded
mineralization with future drilling.
Forrest Kerr South Boundary Anomalies:
https://abenresources.com/site/assets/files/4855/southboundaryanomalies.jpg
Aben has now completed 9,900 meters of drilling in 36 holes at Forrest Kerr in 2018 . The
majority of drilling has taken place at the North Boundary Zone area where high-grade precious
metal mineralization was discovered in 2017 and subsequently confirmed in 2018. There are 24
drill holes still to report on, all in the North boundary Zone.
Aben’s President and CEO, Jim Pettit, stated: “Discovering this new zone of mineralization over
1.5 km from the known high -grade gold mineralization at the North Boundary Zone is a
significant development for the Company and illustrates the robust discovery potential over the
relatively untested 4km by 2km soil geochem anomaly. There is a distinct presence of a very
strong and broad mineralizing event that needs to be followed up with more d rilling. There has
never been any drilling in the South Boundary Zone area and on the west side of the valley
oriented toward the Kerr Fault, so this has truly opened up a whole new area for future
exploration. As for upcoming news flow, Aben still has 2 4 drill holes from the North Boundary
Zone which were drilled using oriented core drilling and were follow up holes to the first hole
announced this season which intersected 62.4 g/t Gold over 6.0m.”
Boundary Area Soil Geochemical Map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg
Mineralization at the Boundary Zones is structurally controlled and hosted in a package of
volcanic and volcanic lastic 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 s lie
between the Forrest Kerr Fault to the west, a major de ep-seated crustal feature, and the
unconformable contact between the Jurassic Hazelton Group and the Triassic Stuhini Group to
the East. The rock reflects a prolonged history of strong hydrothermal ac tivity combined with
brittle deformation. The host package Hazelton is known to be a prolific host to several deposits
throughout the Golden Triangle region.
Drill Hole Summary:
FK18-19 (400186 E 6309773 N, 280 azimuth/-45 dip)
Collar location 250 meters NE and 70 meters lower in elevation than FK18-20 & 21. Top of hole
drilled through strongly altered mixed volcanic tuff units. Mineralization was encountered
downhole in weakly brecciated rock with moderate to strong quartz -chlorite-sulfide fracture
filling. Mineralization in this hole correlates well with FK18 -20 & 21 and with historic EM
conductivity anomaly.
Forrest Kerr South Boundary Hole FK18-19 Cross Section:
https://abenresources.com/site/assets/files/4855/fk18-19_south_boundary2.jpg
FK18-20 (400012 E 6309604 N, 270 azimuth/-50 dip)
Mineralization found within mixed ash and crystal tuff units that displayed pervasive quartz -
sericite +/ - chlorite alter ation with silica flooded horizons. Potassic alteration (K -feldspar
component to veins) common in fractured areas containing elevated mineralization.
FK18-21 (400012 E 6309604 N, 270 azimuth/-60 dip)
Multiple mineralized horizons correspond to areas wit h stronger silica alteration and chlorite -
hematite component in fractured zones shows relationship between mineralization and parallel
structures to the Forrest Kerr Fault that spans the Boundary Zone and beyond.
Forrest Kerr South Boundary Holes FK18-20 & 21 Cross Section:
https://abenresources.com/site/assets/files/4855/fk18-20_21_southboundary.jpg
Analytical and QA/QC Description:
All 1- or 2-meter 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 screen. Gold 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 co ntrol 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 rev iewed 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 projects in British
Columbia’s Golden Triangle, the Yukon, and Saskatchewan.
For further information on Aben Resources Ltd. (TSX -V: ABN), visit our Company’s web site at
www.abenresources.com.
Aben Resources has approx. 110.4 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers, Director, Corporate Communications
Aben Resources Ltd.
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 addr ess 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
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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 opinio ns, or other factors, should change. Factors that could cause actual results to differ
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development successes, continued availability of capital and financing, and g eneral economic, market
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