Aben Continues to Expand Mineralized Footprint at the North Boundary Zone at the Forrest Kerr Gold 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
September 18, 2019
Aben Continues to Expand Mineralized Footprint at the North Boundary Zone at
the Forrest Kerr Gold Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) has received a nd interpreted additional analytical results from the
ongoing 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle
region of British Columbia. The latest results continue to outline widespread polymetallic
mineralization throughout the North Boundary Zone. These results are from 5 drill holes located
at the margins and well outboard of the main mineralized core at North Boundary.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Highlights from hole FK19-52 include a 16 meter (m) interval (between 323-339m) that averaged
2.22 g/t Au, 2.39 g/t Ag and 3050 ppm Cu. Included in this zone are two separate 1m high-grade
intervals of 19.85 g/t Au, 9.10 g/t Ag, 6810 ppm Cu and 11.30 g/t Au, 8.70 g/t Ag & 14900 ppm
Cu. This mineralized zone was encountered roughly 100m below and 50m southward of historic
high-grade gold mineralization discovered in 1991 (reported as 326.0 g/t Au over 1m by Noranda).
Other discrete 1m intercepts from hole 52 include highs of 20.1 g/t A g, 6.0% Cu, 0.76% Pb and
0.87% Zn. Hole FK19-53 intersected multiple zones of anomalous gold (>0.2 g/t) with the most
coherent zone between 346-364m (18m) returning average values of 1.24 g/t Au, 2.47 g/t Ag and
3459 ppm Cu. Included in this zone are two 1m high -grade intervals of 5.72 g/t Au, 8.70 g/t Ag
and 5860 ppm Cu and 8.09 g/t Au, 5.40 g/t Ag & 14200 ppm Cu . This zone is significant as it
occurs on the West side of the Nelson Creek fault, which previously lacked evidence of precious
and base metal mineralization. Hole FK19-54 was drilled in the same direction at a steeper dip
angle ( -60) than hole 53 and als o intersected several 1 to 2m intervals of modest grade
polymetallic mineralization. Between 203-215m (12m) gold averaged 1.05 g/t, silver 1.71 g/t and
copper 2108 ppm (with individual highs of 7.14 g/t Au, 4.80 g/t Ag and 11550 ppm Cu over
1m). The mineralization encountered in holes 53 & 54 was discovered roughly 450m south of the
main high-grade gold discoveries at North Boundary.
Base and precious metal mineralization has now been defined over an area measuring in excess
of 600m x 250m at North Boundary (see map link below). Mineralization corresponds to multiple
and widespread fault and shear zone structures within a panel of Jurassic Hazelton rocks that
dominate the Boundary valley. The mineralized structures correlate very well with magnetic highs
that were delineated by an airborne survey flown in May 2019. The 2019 drill program will focus
on increasing the mineralized footprint in the Boundary valley and will seek to discover a heat and
mineralizing source for the robust hydrothermal system present on this part of the property. As a
result, analytical results are expected to continue to exhibit a range of values from trace to high-
grade.
Forrest Kerr North Boundary Mineralized Plan View map:
https://abenresources.com/site/assets/files/1/ABN-N-Boundary-Min-Plan-View.jpg
Over 8000 meters have now been drilled in 21 holes with a projected seasonal total close to
10,000 meters by the end of September. Thus far, drilling at Forrest Kerr has only tested a small
portion of known targets defined by rock, soil and geophysical anomalies. A brief summary of all
of the holes included in this release can be found below.
Forrest Kerr North Boundary Zone Drill Hole map:
https://abenresources.com/site/assets/files/4855/abn_2019_north_boundary_drilling_sept.jpg
FK19-47 (110/-60) – Drilled from the same pad as FK19-46 (previously reported August 20, 2019
at 0.12 g/t Au over 500.5 meters) at a steeper dip to test for continuity of mineralization below 47
and between the main mineralized zone at North Boundary and historic high-grade gold
mineralization reported by Noranda in 1991 (326.0 g/t Au over 1 met er). Hole 47 encountered
multiple modest-grade gold (<1g/t Au) intercepts with intermittent Ag- Cu-Pb-Zn mineralization.
Analytical results returned by both 46 & 47 have pushed the edge of known mineralization
substantially Eastward.
FK19-48 (135/-45) – Drilled from a location 100 meters North of the main mineralized zone at
North Boundary to test for potential Northeastward extension of mineralization. This hole failed to
intersect significant precious metal mineralization.
FK19-49 (195/-57) – Drilled from the same pad as FK19-50 (previously reported August 20,2019
0.46 g/t Au over 61.7 meters starting at 188.0 m) at a shallower dip. Both holes 49 & 50 were
planned to test for the downward extension of a mineralized horizon discovered in 2018 (holes
FK18-17 & 18) situated approximately 50 meters NW of high- grade Au-Ag-Cu mineralization at
North Boundary. Hole 49 intersected weaker gold mineralization (0.52 g/t Au ov er 8m) than the
steeper hole 50 but the combined result of the two holes shows a 20+m extension to the zone
encountered in 17 & 18.
Drill Hole From (m) To (m) Interval (m) Au average (g/t)
FK19-50 188.00 249.70 61.70 0.46
including 11.65 g/t over 1 m
*FK18-17 232.00 284.00 52.00 1.82
including 31.4, 22.5 and 8.4 g/t over 1 m interval
*FK18-18 186.00 247.00 61.00 0.37
including 11.55 g/t over 1 m
*previously reported
FK19-52 (310/-55) – Located roughly 500m from the main mineralized core at North Boundary
and drilled from the same pad at a steeper dip than the previously reported hole FK19- 51. Both
holes were drilled oblique to the roughly North-South mineralized corridor to test for the southward
extension of mineralization and depth potential under historically reported mineralization. Several
discrete horizons of base and precious metal mineralization were reported from this hole. From
323-339 m (16m interval) average grades were 2.22 g/t Au, Ag 2.39 g/t and 3050 ppm Cu.
Included in this zone are two separate 1m high-grade intervals of 19.85 g/t Au, 9.10 g/t Ag, 6810
ppm Cu and 11.30 g/t Au, 8.70 g/t Ag & 14900 ppm Cu. The entire hole returned an average of
0.11 g/t Au over 469.0 meters.
FK19-53 (250/-45) – Collared from the same pad as holes 51 & 52 but drilled WSW to test for
mineralization potential within and adjacent to several sub- parallel fault and shear structures.
Between 346-364m this hole returned 1.24 g/t Au, 2.47 g/t Ag and 3459 ppm Cu over 18 meters.
Included in this zone are two 1m high-grade intervals of 5.72 g/t Au, 8.70 g/t Ag, 5860 ppm Cu
and 8.09 g/t Au, 5.40 g/t Ag & 14200 ppm Cu. Multiple other moderate to high-grade intercepts
of Au, Ag, Cu and Zn mineralization were encountered with an overall average of 0.10 g/t Au over
430.5 meters.
FK19-54 (250/-60) – This hole undercut the precious and base metal mineralization encountered
in hole 53 at a steeper dip. Several samples returned elevated precious and base metal intercepts
from discrete zones with the most coherent zone between 203 -215m depth (averaging 1.05 g/t
Au, 1.71 g/t Ag and 2108 ppm Cu over 12m), including 1m highs of 7.14 g/t Au, 4.80 g/t Ag and
11550 ppm Cu.
Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (ppm)
FK19-52 323.0 339.0 16.00 2.22 2.39 3050
including 330.0 331.0 1.00 19.85 9.10 6810
including 337.0 338.0 1.00 11.30 8.70 14900
FK19-53 346.0 364.0 18.00 1.24 2.47 3459
including 347.0 348.0 1.00 5.72 8.70 5860
including 357.0 358.0 1.00 8.09 5.40 14200
FK19-54 203.0 215.0 12.00 1.05 1.71 2108
including 7.14 4.80 11550
Airborne Magnetic Survey from Boundary Zone on the Forrest Kerr Project:
https://abenresources.com/site/assets/files/1/Forrest-Kerr-Mag-Images-from-Boundary.pdf
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
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 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.
Justin Property, Yukon royalty renegotiation
The Company reported today that it had entered into a Settlement Agreement with Sandstorm
Gold Ltd. (“Sandstorm”), pursuant to which the parties have renegotiated the terms of certain
royalty agreements over the Company’s 100% owned Justin and Hit Properties in the Yukon. As
a term of the Settlement Agreement, the Company will issue 750,000 shares to Sandstorm as
partial consideration for the cancellation of certain advance royalty obligations and the creation of
new royalty agreements with Sandstorm. Additional consideration for the Settlement Agreement
is the assignment by the Company to Sandstorm of various royalty buyback rights held by the
Company. As a result of the Settlement Agreement, the royalty obligation to Sandstorm on the
Justin and Hit Properties has been reduced from 3% to 2% and the obligation to make advance
royalty payments has been terminated. The Settlement Agreement and closing are subject to
approval of the transaction by the TSX Venture Exchange.
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
over $3 million in the Company’s treasury.
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: 604-687-3376
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 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 materially from those in
forward-looking statements, include market prices, explorat ion 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.