Aben Minerals Receives Finalized Results from Airborne Geophysical Survey at the Justin Gold Project
Suite 1030 – 505 Burrard Street, Vancouver, BC, V7X 1M5, CANADA
www.abenminerals.com
TSX-V Trading Symbol: ABM
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
August 19, 2024
Aben Minerals Receives Finalized Results from Airborne Geophysical Survey at the
Justin Gold Project
Vancouver, BC -- Aben Minerals Ltd. (TSX -V: ABM) (OTCQB: ABNAF) (Frankfurt: R26) (“Aben” or
“the Company”) is pleased to announce that the final results have been received from the recently
completed QMAGT geophysical survey at the 7,400 hectare, 100% owned Justin Gold Project in the
Yukon Territory. The Justin Property is host to widespread prolific gold mineralization in the form of
sheeted veins, vein arrays and breccias, stockworks and skarn hosted precious metal mineralization,
yet the Property remains under -explored. The QMAG T survey was flown over the Lost Ace and POW
zones, the two main gold (Au) mineralized areas at Justin, as well as the highly prospective area
between them.
President and CEO Riley Trimble states , “The results from the 2024 airborne geophysical survey
combined with historical drilling will be used to plan a comprehensive drill program at the Justin Gold
Project. The project has two distinct types of gold mineralization within the Tombstone belt – intrusion
related at POW zone and orogenic at Lost Ace. We are planning to drill test both target zones as well as
the area between where these systems potentially meet. Our objective is to become a key company in
this region of the Tombstone Gold Belt as we believe it could become a major gold district within the
Yukon.”
Target Zones at Justin
The Lost Ace and POW zones are located 2 kilometers apart and offer two distinct mineralization styles.
The POW zone is interpreted to be an Intrusion Related Gold System (IRGS) with precious metal
mineralization hosted within and adjacent to the Justin Stock, a mid -Cretaceous intrusive body located
at the southern end of the well-endowed Tombstone Gold Belt. Historic drilling at the POW zone has
returned 1.25 g/t Au over 60.0 m (JN11 -009) and 2.52 g/t Au and 29.5 g/t Ag over 12.0 m (JN11-
010). The Justin Stock, part of the prolific Tombstone -Tungsten Plutonic Suite, has created a large
alteration aureole and robust hydrothermal system over large portions of the Justin claim block.
The Lost Ace zone represents an Orogenic Gold System with gold hosted in quartz -arsenopyrite-pyrite
stockworks found at the contact between quartz feldspar pebble conglomerates and fine -grained
phyllitic rocks. This type of mineralization is remarkably similar in style and geologic setting to the
immediately adjacent 3 Aces Project, owned by Seabridge Gold. A network of well-developed NNE and
NW-SE faults have served as conduits for precious metal bearing fluids emanating from the Justin Stock
and other buried intrusive bodies in the area. The proximity of these two distinct mineralization styles
highlights the potential for the Justin Property to host overprinting mineralizing systems.
Justin Gold Project Location
2024 QMAGT Survey
The QMAGT is a state-of-the-art geophysical survey technology with a proven track record in mineral
exploration. The survey data provides detailed directional information with enhanced image quality that
will be utilized to define high-priority targets for a planned drill program . The high-quality geophysical
data will enable Aben personnel to de fine the location of fault structures (fluid pathways) and strongly
magnetic geologic bodies (magnetite -bearing skarn). The annotated magnetic response image below
depicts the prevalence of the NNE and NW -SE oriented fault structures that have conducted
mineralized fluid outboard of the Justin Stock, located at the bottom margin of each image. Both the
Lost Ace and POW zone s are located in areas that host complex structural intersections alongside
bodies with strong magnetic response. The region between the two zones hosts coincident geophysical
and geochemical (gold in soil) anomalies but remains under-explored and undrilled. In 2019, a rotary air
blast (RAB) drill was used for the initial drill test of the Lost Ace zone, but the presence of abundant
near-surface groundwater hampered the effort and limited the holes to < 35 m depth. Future drill
programs will focus on expanding the existing gold mineralization at POW, properly testing the Lost Ace
zone, and evaluating highly prospective targets in the area between the two zones.
QMAGT Images from Airbourne Survey
Pow Zone Drilling and 2024 QMAGT Survey
Justin Gold Project
The 7,400-hectare Justin Gold property is 100% owned by Aben Minerals Ltd located in the southeast
Yukon in the Tintina Gold Belt and adjacent to Seabridge Gold’s 3 Aces Project. Aben has drilled a total
of 4972.0 metres in 21 diamond drill holes across four zones of interest. Drilling in 2011 and 2012 at the
POW Zone successfully discovered:
• Hole JN11009: 1.25 g/t Au over 60.0m (including 2.47 g/t Au over 21.0m)
• Hole JN11010: 2.52 g/t Au and 29.53 g/t Ag over 12.0m
Additionally, trenching in 2018 at the Lost Ace Zone, located 2 kilometers northwest along strike from
the POW Zone returned values ranging from trace to 20.8 g/t gold over 4.4m including 88.2 g/t gold (Au)
over 1.0m. The discovery at Lost Ace highlights the existence of a multi -phase hydrothermal system
with the potential for overprinting mineralizing systems.
For further information regarding the project, please refer to the NI 43-101 Technical Report – Justin
Gold Project 2021.
Qualified Person
Cornell McDowell, P.Geo., V.P. of Exploration for Aben Minerals, 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 Minerals:
Aben Minerals is a Canadian gold exploration company with exploration projects in the Yukon Territory and
British Columbia. The Company’s goal is to increase shareholder value through new discoveries and
developing exploration projects in geopolitically favourable jurisdictions. The Company has 18.7 million
shares outstanding.
For further information on Aben Minerals Ltd. (TSX-V: ABM), visit our Company’s website at
www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”
Riley Trimble
President & CEO
For further information contact: Aben
Minerals Ltd.
Riley Trimble, President & CEO
Telephone: 604-639-3852
Facsimile: 604-687-3119 Email:
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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, 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.