Aben Commences Diamond Drill Program at its 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
August 3rd, 2017
Aben Commences Diamond Drill Program at its Forrest Kerr Gold Project in
BC’s Golden Triangle Region
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to announce it has commenced its summer diamond drilling
program at its 23,000 hectare Forrest Kerr Gold Property located in North Western British
Columbia’s Golden Triangle region. The Company intends to drill 2,100 meters (6,800 feet) with
initial drill holes testing the Carcass Creek and Boundary Zones to confirm and extend the high
grade gold mineralization discovered in historical drilling . Drilling conducted in the early 1990’s
and 2000’s at these zones returned some of the highest grades on the Forrest Kerr Property
and the Company feels there is the potential for the expansion of these known zones based on
recent data compilation, structural geological interpretati on and additional field reconnaissance
work. Aben currently owns certain mineral tenures outright and has agreements in place with
various third-parties whereby it has the exclusive right to a 100% interest in the large property
area.
Golden Triangle Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Historical drilling results at the Forrest Kerr Project have ranged from trace values to se veral
high-grade intercepts such as 9.97 g/t gold over 29 .3 metres, including 125 g/t Au over 0.8
metres and 91 g/t Au over 1.9 metres, in hole RG91-21 in the Carcass Creek Zone as well as
33.4 g/t gold over 11 metres , including 326 g/t over 0.5 metres, in hole RG91 -16 in the
Boundary Zone. This high grade mineralization is within 200 metres vertical depth from surface
and the Carcass and Boundary Zones are approx. 4 kilometres apart leaving robust discovery
potential along strike, at depth and at other regional targets on the property.
Aben’s Forrest Kerr Project Map:
http://www.abenresources.com/i/maps/FK-007.jpg
Field based exploration activities have been underway earlier this season at For rest Kerr where
crews completed soil geochemical sampling, gr ound-truthed historical data and evaluat ed
mineralization potential on a property -wide basis. Focus was placed on those areas containing
historical high-grade precious and base -metal occurrences. There are also more conceptual
targets to be tested south of the Boundary Zone where there are areas of outcrop with multiple
shear zones and abundant sulfides with surface sampl es returning gold grades ranging from
trace values to 3 – 5 g/t Au.
Jim P ettit, President and CEO of Aben, states: “The commencement of this first-pass drill
program at our Forrest Kerr project in the prolific Golden Triangle is a milestone for the
Company. Recent drill discoveries by Pretium, GT Gold, Colorado Resources and ot hers
illustrate the significant discovery upside remaining in the district and we are confident in the
potential at Forrest Kerr given the known high-grade gold mineralization present there which we
plan to test early in the drill program . Despite excellent drill results including 10 g/t Au over 29
metres and 33 g/t Au over 11 metres, t hese historical drill holes at the Carcass and Boundary
Zones were drilled decades ago with limited follow up work due to limited accessibility, high
drilling costs, and a less comprehensive understanding of the geology. Since then, major
infrastructure improvements have been made including the Galore Creek access road on the
north end of the property as well as roads and powerlines on the south end of the property
where hydroelectric facilities have been built in recent years which have helped bring the drilling
costs down. In addition, rapid glacial retreats over the past 25 years have exposed extensive
new areas of outcrop exposure in this highly prospective region. Lastly , Aben’s technical team
has spent over a year analyzing and reinterpreting the historical exploration and geological data
with the help of structural geologists and we feel we have a stronger understanding of the
existing targets and high-grade gold mineralization at the project.”
Tim J. Termuende, P.Geo., a Director of Aben, commented: “ Since first working in the Forrest
Kerr area in 1990 as a young geologist, I have been continually impressed with the abundance
of mineralization within the Golden Triangle . The project is located along the Forrest Kerr Fault
which consists of a 40 km long north -south belt overlying rocks of the Hazelton and Stuhini
Groups, a complex assemblage of volcanic accumulations with intervening sedimentary
sequences which are host to significant gold deposits in the Golden Triangle region.”
*Note: Aben has not been able to independently verify the methodology and results from
historical work programs within the property boundaries. However, management believes that
the historical work programs have been conducted in a professional manner and the quality of
data and information produced from them are relevant. In addition, m anagement cautions that
past results or discoveries on proximate land are not necessarily indicative of the res ults that
may be achieved on the Forrest Kerr property.
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 developing projects in British
Columbia’s Golden Triangle , the Yukon, and Saskatchewan . The Company currently owns
certain mineral tenures outright and has agreements in pla ce with various third-parties whereby
it has the exclusive right to a 100% interest in the 23,000 hectare Forrest Kerr property area.
For further information on Aben Resources Ltd. (TSX -V: ABN), visit our Company’s web site at
www.abenresources.com.
Aben Resources has approx. 46.8 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
Director, Investor Relations
Telephone: 604-687-3376
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 certain statements that may be deemed to be "forward -looking statements". All
statements in thi s 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.