Aben Completes 9 Holes at 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
September 19th, 2017
Aben Completes 9 Holes at 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 report that the Company has now completed 9 holes and 2445
metres of it’s expanded 1st Phase drill program. Assays are pending and are expected to start
being received by the Company and continue through to the end of October. This drill program
is considered the 1st Phase of what will be a multi-phase/multi-year exploration program guided
by the extensive data compilation completed by the Company. The data obtained is based on
historic exploration results made available when the Forrest Kerr Proper ty was assembled in
2016. This historic data includes over 120 drill holes, 2100 rock and 18,000 soil samples
property-wide. This comprehensive study has helped our team generate several exploration
and drill targets based on a regional scale.
Golden Triangle, BC claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
This first drill program is designed to test and confirm 2 historic drill intercepts and to better
define the nature of the mineralizing systems with which they are associated. The Company
will determine further drill plans for this program when assays are received and evaluated.
Forrest Kerr Gold Project Summary:
Historical drilling results at the Forrest Kerr Project have ranged from trace values to several
high-grade intercepts such as 9.97 g/t gold over 29.3 metres, including 125 g/t gold over 0.8
metres and 91 g/t gold 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 gold over 0.5 metres, in hole RG91 -16 at the
Boundary Zone. This high grade mineralization is within 200 metres vertical depth of surface
and the Carcass and Boundary Zones are approx imately 4 kilometres apart , leaving robust
discovery potential along strike, at depth and at other regional targets on the Property.
Aben's Forrest Kerr, BC project map:
http://www.abenresources.com/i/maps/FK-007.jpg
The historical drill holes at the two main target areas, 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 unde rstanding of the geology. Since then, major infrastructure
improvements have been made including the Galore Creek access road on the northern extent
of the Property as well as roads and powerlines within the southern boundaries of the Property
where hydroelectric facilities have been constructed in recent years. In addition, rapid glacial
retreat over the past 25 years has exposed extensive new areas of outcrop exposure in this
highly prospective region. Aben’s technical team has spent over a year analyzing and
reinterpreting the historical exploration and geological data with the help of structural geologists
to gain a stronger understanding of the existing targets and high -grade gold mineralization at
the project.
*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, management cautions that
past results or discoveries on proximate land are not necessarily indicative of the results 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.
In other news that positively affects Aben Resources, the Federal and the Yukon Governments
have announced over $360 million in combined federal and territorial funding to improve road
access in two mineral -rich areas: the Nahanni Range Road in southeastern Yukon and the
Dawson Range in central Yukon. The Company’s 100% held 18,300 acre Justin Gold Project
is contiguous with Golden Predato r’s advancing high -grade 3 Aces gold p roject which is
traversed by the Nahanni Range Road for approximately 30 km.
Justin Gold Project, Yukon location map:
http://www.abenresources.com/i/maps/Justin_Location.jpg
Improvements to the Nahanni Range Road will include upgrades along its 188 km length from
its junction with the Campbell Highway to the border between the Yukon and the Northwest
Territories. Aben’s Justin Project camp is located at km 143 on the Nahanni Range Road. This
camp is currently being utilized by Golden Predator for its’ 3 Aces project and by Aben personnel
for a sampling, mapping and trenching program suppo rted by the Yukon Government through
a YMEP grant.
The “Yukon Resource Gateway Project” is critical to help advance exploration and develop new
mining projects with improved access to our Justin Project and other s, for the benefit of the
Yukon’s First Nations, rural Yukon communities, and Canada in general.
Aben’s CEO, Jim Pettit states : “This move to upgrade infrastructure into these mineral -rich
regions of the Yukon will have the same knock -on effects as the upgrades to infrastructure in
the very active Golden Triangle region of British Columbia where our flagship Forrest Kerr
Project is located. Aben’s Justin Project and camp are located along the Nahanni Range Road,
and any upgrades to access should help bring down costs. Aben believes the Yukon is one of
the best jurisdictions in Canada for exploration and mining”.
The Company is spending $100k on the Justin Project this year for further mapping, sampling
and trenching. This will help expand our current knowledge and understanding of the intrusive-
related gold system discovered by Aben in 2011.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British
Columbia’s Golden Triangle, the Yukon, and Saskatchewan. Aben’s flagship Forrest Kerr Gold
Project is located in the Golden Triangle of BC where the Company 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 23,000-hectare 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. 53.2 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, Investor Relations
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 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 mana gement 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 act ual 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.