Aben Expands Current Diamond Drill Program at Forrest Kerr Gold Project,
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 24th, 2017
Aben Expands Current Diamond Drill Program at Forrest Kerr Gold Project,
Golden Triangle, British Columbia
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to announce it will be expanding its current drill program from 2,100
metres to 2,500 metres at its 23,000 hectare Forrest Kerr Gold Property located in North
Western British Columbia’s Golden Triangle region. The expanded drill program will include drill
holes testing the 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 this zone
returned some of the highest grades on the Forrest Kerr Property and the Company feels there
is the potential for the expansion of the known zone based on recent data compilation, structural
geological interpretation and additional field reconnaissance work.
Golden Triangle Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Jim Pettit, President and CEO of Aben, st ates: “Thus far we are very pleased with the progress
of this first-pass drill program at our Forrest Kerr Project in the prolific Golden Triangle. As a
result, we have decided to expand the drill program at the main target area. Recent drill
discoveries b y Pretium, GT Gold, Colorado Resources and others 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 are currently testing in
this drill program.”
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 Au over 0.8
metres and 91 g/t Au over 1.9 m etres, 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 Carca ss 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
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 compr ehensive 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. 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.
Field based exploration activities have been underway earlier this season at Forrest Kerr where
crews completed soil geochemical sampling, gr ound-truthed historical data and evaluated
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 sample s returning gold grades ranging from
trace values to 3 – 5 g/t Au.
*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 o f 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.
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 Resou rces Ltd. (TSX-V: ABN), visit our Company’s web site at
www.abenresources.com.
Aben Resources has approx. 50.0 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 include s 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 statement s. 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.