Aben Intersects Additional, Shallow High-Grade Gold Mineralization at the North Boundary Zone of 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
September 25th, 2018
Aben Intersects Additional, Shallow High-Grade Gold Mineralization at the North
Boundary Zone of the Forrest Kerr Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces that additional analytical results have been received from the early-
stage drilling at the 23,000 hectare Forrest Kerr Property (the “Property”) located in the Golden
Triangle region of British Columbia. The eight drill holes reported here consist of step-out drilling
at the North Boundary Zone and most of the holes intersected shallow, high-grade gold
mineralization. Highlights include: 5.08 g/t Au over 12.0m in hole FK18 -12; 23.3 g/t Au over
2.0m in hole FK18 -13; and 10.62 g/t Au over 3 .0m in h ole FK18-17. To date, final analytical
results have been received for 3 ,000m of a total projected 10,000m (table of values and hole
descriptions near end of release).
Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
This step-out drilling has successfully expanded the North Boundary Zone along an interpreted
NE-SW trend from the high -grade gold mineralization reported last year in holes FK17 -04, 05,
and 06 as well as in previously reported FK18-10 which intersected 38.7 g/t Au over 10.0m from
114.0m - 124.0m depth including 62.4 g/t Au over 6.0m (see news release dated August 9 ,
2018). Several discrete zones of Au-Ag-Cu-Zn mineralization were encountered in all eight drill
holes reported here and the multiple mineralized horizons illustrate the strong potential for
further discovery of precious metal bearing structures on the Property.
Highlights:
Hole FK18-12 returned 5.08 g/t Au over 12.0m (40.0m - 52.0m depth), including 24.25
g/t Au over 2.0m (42.0m - 44.0m depth)
Hole FK18-13 returned 23.3 g/t Au over 2.0m (106.0m - 108.0m depth)
Hole FK18-17 returned 3.18 g/t Au over 15.0m (232.0m - 247.0m depth) including 11.02
g/t Au over 2.0m (239.0m - 241.0m depth), as well as 31.40 g/t Au over 1.0m (261.0m -
262.0m depth)
North Boundary Zone remains open in all directions
36 drill holes completed to date with assays pending for 27 of these holes which were
drilled using Oriented Core Drilling techniques
Drilling continues as part of an expanded program
Broad soil geochemical anomaly over 4 km in length and continues to yield new
discoveries (i.e.: recently-announced South Boundary Zone where final assays are still
pending)
New airborne geophysical survey reveals numerous untested target areas
Jim Pettit, President and CEO of Aben Resources stated, “These high-grade step-out holes at
North Boundary have expanded the zone wh ich is open in all directions and confirm the
presence of a robust mineralizing system in the area. Based on the geochemical and new
geophysical data available to us we can clearly see the potential of the area that now includes
the North Boundary Zone, th e historic Noranda hole 230 mete rs to the south and the South
Boundary Zone another 1.5 kilometer s further south . Given the complex geology, we started
using O riented Drill Core techniques after these eig ht holes reported here which will help in
identification of orientation and structure as well as to delineate additional high -grade
mineralization. The target areas in and around the Boundary Zones are relatively shallow and
continue to provide strong discovery potential as we have only systemically tested a very small
area at shallow depths . The Company is awaiting additional assay results from 27 holes, three
of which are from South Boundary and the rest from the North Boundary Zone. This new high-
grade discovery is still in its early days and with this increased drill program there will be news
for some time to come . I would also like to welcome Eric Sprott as a new major shareholder
and thank him for his support . The Company now has just over $7 million in the treas ury from
financings and the exercise of warrants. "
Complete assays for the three holes collared 1.5 km south at the South Boundary Zone are still
pending. Th e South Boundary Zone had never been drill -tested and the newly discovered
mineralization is encouraging considering the distance between the collar locations in the North
and South Boundary Zone. The ground between and beyond the two zones is highly
prospective for further discovery of gold and copper-bearing horizons given that they are located
within a large gold-in-soil and rock anoma ly in similar lithologies . The ubiquitous nature of the
veining and widespread alteration regimes indicates that a strong and extensive hydrothermal
system operated throughout time across the Boundary Zone. The broader soil geochemical
anomaly that covers both the North and South Boundary Zones extends for over 4 km north to
south and 1.5 km east to west.
Boundary Area Soil Geochemical map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg
Aben has also just completed a 355 line -kilometer airborne Magnetic survey over the entire
Boundary Zone with results expected by the end of September. The interpreted results of the
survey are expected to g reatly assist in identifying fault structures that have good potential to
host high -grade precious metal mineralization in the Boundary valley. Mineralization at
Boundary is structurally controlled and hosted in a package of volcanic and volcaniclastic roc ks
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,
hematite and carbonate alteration. The Boundary Zone s lie between the Forrest Kerr Fault to
the west, a major deep -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 com bined with brittle deformation. The
Boundary host package Hazelton rocks are also known to be a prolific host to several deposits
throughout the region. The North Boundary area shows very little outcrop exposure and
contains complex geology which is disrup ted by a series of faults of unknown orientation. All
additional drilling is implementing Oriented Core Drilling techniques which will aid in determining
true thicknesses and establishing structural and lithologic controls to mineralization.
Table of Assay Results:
Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (ppm)
FK18-11 334.0 337.0 3.0 2.09 923
incl 336.0 337.0 1.0 4.55 17
FK18-12 40.0 52.0 12.0 5.08 1993
incl 40.0 46.0 6.0 8.78 3965
incl 41.0 45.0 4.0 13.03 5907
incl 42.0 44.0 2.0 24.25 11575
FK18-13 106.0 108.0 2.0 23.30 350
FK18-14 no significant
results
FK18-15 hole lost at
61.5m
FK18-16 303.0 307.0 4.0 3.13 2219
incl 303.0 304.0 1.0 6.95
FK18-17 232.0 247.0 15.0 3.18 598
incl 238.0 243.0 5.0 5.60 570
incl 239.0 241.0 2.0 11.02 169
260.0 263.0 3.0 10.62 7562
incl 261.0 262.0 1.0 31.40 19750
283.0 284.0 1.0 8.22 9110
FK18-18 233.0 237.0 4.0 4.02 2317
incl 234.0 236.0 2.0 6.99 3985
*all assay values are uncut and intervals reflect drilled intercepts
true thicknesses and orientations of the various zones is currently not known
North Boundary Plan View Drill map:
https://www.abenresources.com/site/assets/files/4299/abn_north_boundary_plan_2_map_sept
__2018.jpg
Summary of Drilling:
FK18-11: same pad as FK18-10 at a steeper angle
Several intercepts > 1.0 g/t Au were encountered (high 4.55 g/t) throughout its 402m length
FK18-12: collar location 40 meters NE of FK18-10 & 11
Collared in mineralization at 12 .0m (3.5 g/t Au) with a shallow zone between 40 -52m that
returned 5.1 g/t Au over 1.0m including 34.3 g/t Au over 1.0m
FK18-13: collar location same as above
Mineralization at or near top returned between 1-3 g/t Au with a high of 23.3 g/t Au over 1 .0m at
106m depth
FK18-14 & 15: collar location 50m SW of FK18-10 & 11
Both holes encountered broken and faulted ground conditions that were poorly mineralized and
in the case of FK18-15 lost at 61m
FK18-16: collar location as above at steeper dip (-65)
Narrow zones of low grade (<1 g/t) gold mineralization near top with a strong sulfide horizon at
300m that returned 1.7 g/t Au over 8.0m
FK18-17 & 18: collar location 185m SW of FK18-10 and drilled opposite direction (northward)
FK18-17 (-45) pierced a 15.0m zone that tested 3.2 g/t Au with an intercept of 31.4 g/t Au 20m
below this zone (240m depth)
FK18-18 (-50) hit the same zone of above with 4.0 g/t Au over 4m.
Link to additional Cross Section and Plan View maps:
https://www.abenresources.com/projects/photo-gallery/
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 w as 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 Explo ration 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 pr ojects in British
Columbia’s Golden Triangle, the Yukon, and Saskatchewan. The Company is actively exploring
its flagship and high -grade Forrest Kerr Project located in the Golden Triangle region where
recent drilling has discovered strong precious and bas e metal mineralization at the North
Boundary Zone.
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 ma y 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 actu al 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 pub lic filings of the Company at www.sedar.com for further
information.