Aben Extends Mineralized Envelope around High-Grade Gold Discoveries at North Boundary on the 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
November 19, 2018
Aben Extends Mineralized Envelope around High-Grade Gold Discoveries at
North Boundary on the Forrest Kerr Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) reports further results from the recently completed drill program at the Forrest
Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-
grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and
lateral extension of known mineralized shear and vein sets located in the North Boundary Zone.
Broad horizons of low to moderate grade gold mineralization were encountered in several of the
15 drill holes (FK18 -22 36) reported herein, while all drill holes encountered discrete
polymetallic vein hosted mineralization with gold values ranging from trace amounts to 13 grams
per tonne (g/t) over 1 meter.
Forrest Kerr Drill Hole Plan View Map:
https://abenresources.com/site/assets/files/4855/abn_fk_north_boundary_inset_drilling.jpg
President and CEO, Jim Pettit states: “The 2018 season has be en a geologic and technical
success in terms of what we have accomplished this year. We started out with a 5000 meter drill
program and expanded it to 10,000 meters after success with the drill. We raised $5.2 million and
an additional $1.7 million from t he exercise of warrants. Logistically, we adapted quickly and
efficiently on the fly and actually substantially reduced our overall cost of drilling per meter. We
have identified the Boundary Zone as a very large, robust environment for gold mineralization and
discovery. We have 9 more holes to report on from this season and we look forward to compiling
all the data available to us generated from this 2018 drilling program as well as new geochemical
and geophysical analysis. It is also important to note w e have the funds in the treasury for the
2019 exploration and drill program.”
Analytical results indicate that a coherent zone of vein -hosted mineralization extends up to 30
meters outward from the high-grade Au reported in holes FK18-4,5,6 & 10 (see News Releases
Nov. 6, 2017 and Aug. 9, 2018). Results from this area include 0.8 g/t Au over 11 meters (m)
in hole FK18-32, 0.7 g/t Au over 14 m in FK18-33, 1.2 g/t Au over 21 m in FK18-34, 0.8 g/t Au
over 15 m in FK18-35 and 0.46 g/t Au over 17 m in FK18-36 (chart below). The mineralization
defined by these holes extends for over 30 meters along strike and remain s open in multiple
directions.
View Forrest Kerr Drill Hole Cross Sections:
https://www.abenresources.com/projects/photo-gallery/
Drilling to date has shown that mineralization extends several meters outboard of the high-grade
area within subordinate shear structures and vein arrays. Oriented core tooling was utilized for
this phase of drilling in order to collect structural data that will help determine the orientation of
both the main and subsidiary mineralized structures. The oriented core data, combined with the
surface mapping data and a growing subsurface database at the Boundary Zone will assist greatly
in planning future targeted drill programs.
Aben Resources completed 9900 meters of NQ drilling in 2018 on a low cost per meter basis.
The number of a vailable drill locations w as constrained due to a delay in receiving an updated
MX Permit from the British Columbia Provincial Government in response to extreme forest fire
activity in the area. As a result the last phase of targeted drilling was completed from only 3 pad
locations with fan arrays from each set-up. Subsequent to completion of the summer drill program
Aben received the much anticipated 5 year Multi -Year Area Based (MYAB) permit , which will
allow for more extensive drill programs going forward.
Mineralization at Boundary North 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 chlorite, hematit e 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.
Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (ppm)
FK 18-32 43.0 54.0 11.0 0.8 3.4 1923
FK 18-33 48.0 62.0 14.0 0.7 1.1 615
FK 18-34 46.0 67.0 21.0 1.2 0.9 704
incl 46.0 57.0 11.0 2.2 1.4 717
FK 18-35 38.0 53.0 15.0 0.8 0.6 375
FK 18-36 47.0 64.0 17.0 0.5 0.6 858
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 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 addi tion 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.
Update on the Justin Gold Project, Yukon Territory, Canada
Aben Resources is currently finalizing analytical results from field work completed in September
2018 on its 100% owned Justin Gold Property in the Yukon Territory. The geologic team reports
visible gold in trenches and channel samples from quartz stockwork veining in bedrock at the Lost
Ace Zone, a gold -bearing zone discovered in 2017. Channel sampling in 2017 at Lost Ace
returned 1.44 g/t Au over 5m including 4.77 g/t Au over 1.0 m in addition to a bulk soil sample that
contained 1135 visible gold grains, the majority of which were termed ‘pristine’ indicating a
proximal bedrock source for the gold. Lost Ace is an exciting new prospect on the Justin Property
as it is located within 2km of the main mineralized POW Zone and b ears striking similarities to
Golden Predators adjacent 3 Ace 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 Nati onal
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.
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]
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes cert ain 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. Alt hough 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 th e 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
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