Aben Discovers “South Boundary” Mineralized Zone 1.5km South of North Boundary Zone at 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
August 23rd, 2018
Aben Discovers “South Boundary” Mineralized Zone 1.5km South of North
Boundary Zone at Forrest Kerr Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to provide an update on its exploration drill program currently
underway at the Forrest Kerr Property in BC’s Golden Triangle . The Company has intersected
mineralization 1.5km south of the North Boundary Zone in a newly discovered area called the
South Boundary Zone. Aben has now completed 4,850 meters of drilling in 16 holes at Forrest
Kerr in 2018. The majority of drilling has taken place at the North Boundary area where high-
grade precious and base metal mineralization was discovered in 2017 drill holes as well as in
the first reported drill hole of 2018 (see news release dated August 9 th, 2018). The ongoing drill
program has been expanded and will continue well into the Fall.
Golden Triangle, B.C., claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Of the sixteen holes, three holes (1,150m) have been co mpleted on the southwest side of the
valley at the “South Boundary” target, located 1.5km south of the strong gold and copper
mineralization intersected at the North Boundary Zone. Drilling in this area targeted a prominent
soil geochemical anomaly (Au, Cu) that trends southward over 2km. These three holes
represent the first ever drill-holes collared in this target and have intersected numerous broad
horizons of quartz -sulfide veins containing abundant pyrite and copper ( chalcopyrite)
mineralization. The mineralized veins are hosted within a package of Hazelton Group volcanic
rock that display moderate to strong silica-sericite alteration with a variable chlorite and potassic
alteration component. This combination of sulfide mineralization and alteration has been
indicative toward the potential for associated precious metal values throughout the 4km x 2km
Boundary Zone. Assay results for South Boundary and North Boundary drilling are pending and
will be reported once they have been received, compiled and interpreted. The target at the
South Boundary Zone is an area of interest due to the elevated gold in rock and soil values that
are coincident with an historic electromagnetic (“EM”) conductive geophysical anomaly. Aben is
highly encouraged that the mineral potential of the Forrest Kerr property has been greatly
expanded through drilling at the newly discovered South Boundary Zone.
Boundary Area Soil Geochemical map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg
Jim Pettit, President and CEO of Aben Resources stated, " This new discovery of mineralization
1.5km south of the North Boundary Zone is a major develop ment for the Company and further
highlights the robust discovery potential at the Forrest Kerr Project. The mineralizing system at
the property is apparently widespread and well-developed with high-grade mineralization being
discovered at shallow depths ov er a large area. We believe we have only just scratched the
surface at the newly discovered North and South Boundary Zones and an expanded drill
program is currently underway with assays pending for most of the holes drilled to date."
First Drill Hole in 2018 Season (FK18-10):
As previously reported in the August 9 th, 2018 news release, the first drill hole of Aben ’s 2018
drill season intersected four separate high-grade zones. The best h igh-grade interval consisted
of 331.0 g/t Au over 1.0m, within a broad zone averaging 38.7 g/t Au over 10.0m from 114.0 -
124.0m, including 62.4 g/t gold over 6.0 m (true thicknesses undetermined). The other intervals
included: 22.01 g/t Au, 22.38 g/t Ag over 4.0m from 84.0 to 88.0m; 3.94 g/t Au, 3.99 g/t Ag over
13.0 m from 61.0 to 74.0m; and 8.23 g/t Au, 1.43 g/t Ag over 6.0m between 183.0 to 189.0m.
Boundary North Plan View map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-plan-map-2018.jpg
FK18-10 (140/-45) was drilled from a location 35 meters northwest and along section from the
drill pad from which the discovery holes FK17-04, 05 and 06 were drilled last August . The new
hole has further defined and increased the zone of precious and base metal mineralization that
the 2017 holes originally pierced. Of note, the high grade intercept of 331.0 g/t Au was
encountered 230 meters northward of a 326 g/t Au grade reported by Noranda in 1991 in
drillhole RG91-16 (see attached plan map). High grade intercepts are generally found in narrow
and discrete zones of moderate mineralization within a broad envelope of lower grade
mineralization. Mineralization at North Boundary reflects the poly-metallic nature of the core with
widely variable values of Au, Ag, Cu, Pb and Zn throughout. Partial results have been received
for the second hole FK18-11 but will not be released until all assays are in hand.
Boundary North Cross Section map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-cross-section-aug-
2018.jpg
Select results previously reported from the 2017 hole s include 6.7 g/ t Au, 6.4 g/t Ag and 0.9%
Cu over 10 .0 m including 18.9 g/ t Au, 16.6 g/ t Ag and 2.2% Cu over 3.0 m in hole FK17 -04
which contributed to an average grade of 0.26 g/t Au over 387.0 m. Hole FK17-05 returned 21.5
g/t Au, 28.5 g/t Ag and 3.1% Cu over 6.0 m from the same zone at a slightly greater depth.
The North Boundary area shows very little outcrop exposure and contains complex geology
which is disrupted by a series of faults of unknown orientation. Additional drilling is required to
determine true thicknesses and establish controls to mineralization. Based on results to date the
scope of the project has been expanded with additional funding to be directed to extend the
current drill program. Mineralization at North Boundary is structurally controlled and hosted in a
package of volcanic and volcaniclastic 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 chlorit e, hematite and carbonate alteration. The
Boundary Zone lies 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 activity
combined with brittle deformation. The host package Hazelton is known to be a prolific host to
several deposits throughout the region.
*all assay values are uncut and intervals reflect dr illed intercepts, true thicknesses and
orientations of the various zones is currently not known
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 wer e crushed until 70% passed a 2mm sieve, then a 250g split was
pulverized until better than 85% passed a 75 micron s creen. 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.
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 de fined 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 is actively exploring
its flagship and hi gh-grade Forrest Kerr Project located in the Golden Triangle region where recent
drilling has discovered strong precious and base metal mineralization at the North Boundary Zone.
For further information on Aben Resources Ltd. (TSX -V: ABN), visit our Compa ny’s web site at
www.abenresources.com.
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]
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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 state ments 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
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