Aben Provides Final Results from 2018 Drill Program at the Forrest Kerr Gold Project in BC and Provides Update on the Justin Gold Project, Yukon
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
December 13, 2018
Aben Provides Final Results from 2018 Drill Program at the Forrest Kerr Gold
Project in BC and Provides Update on the Justin Gold Project, Yukon
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) reports analytical results from the remaining holes of the 2018 drill
program at the Company’s 100% -controlled 23,000-hectare Forrest Kerr Gold Project. This
series of holes (FK18 -3745) focussed on areas immediately adjacent to known high-grade
gold horizons and sought to test for an extension of the mineralized area identified at the North
Boundary Zone. Results show broad horizons of low-grade gold mineralization punctuated by
intermittent intercepts of moderate to high -grade gold-silver-copper-zinc values (see table
summary below). Drilling to date has shown that mineralization extends several meters
outboard of high -grade precious metal intercepts in subordinate shear structures and vein
arrays within a main mineralized core that measures 100m x 200m and remains open at depth.
View Forrest Kerr Drill Hole Cross Sections:
https://www.abenresources.com/projects/photo-gallery/
The greater mineralized area at the Boundary Zone measures 1.5 km x 4 .0 km as defined by
gold-silver-copper-zinc values in soil, rock and drill core . The area features extensive talus and
vegetative cover which serve to conceal prospective precious metal bearing structures with
coincident gold in soil and outcrop anomalies. Only a fraction of the prospective targets at the
Boundary Zone have been drill -tested to date. Oriented core tooling was utilized for th e final
phase of the 2018 drill program in order to collect structural data that will help determin e 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 available drill locations was constrained due to a permitting delay by t he British
Columbia Provincial Government in response to extreme forest fire a ctivity 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 Ba sed (MYAB) permit, which will allow for more
extensive drill programs going forward. The Company maintains a healthy treasury which will
allow for an aggressive 2019 exploration program at Forrest Kerr without significant dilution.
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, hematite and carbonate alteration. The Boundary Zone lies 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 combined with brittle
deformation. The host package Hazelton is known to be a prolific host to several deposits
throughout the region.
Assay Results for Holes FK18-3745:
Hole ID From (m) To (m) Interval (m) Au (g/t) (average
over interval)
FK18-37 76.00 108.00 32.00 0.12
including 90.00 91.00 1.00 1.39
FK18-38 90.00 253.00 163.00 0.10
including 116.00 117.00 1.00 2.00
FK18-39 119.00 316.00 197.00 0.23
including 201.00 202.00 1.00 14.35
FK18-40 94.00 182.00 88.00 0.39
within 94.00 266.00 172.00 0.22
including 110.00 111.00 1.00 9.23
FK18-41 99.00 238.00 139.00 0.17
including 113.00 131.00 18.00 0.66
including 113.00 114.00 1.00 9.05
FK18-42
NSR
FK18-43
NSR
FK18-44 128.00 166.00 38.00 0.30
including 137.00 138.00 1.00 3.51
FK18-45 200.00 252.00 52.00 0.26
including 226.00 228.00 2.00 3.49
*Intervals are drilled intercepts and not true widths
NSR=no significant results
Golden Triangle, B.C., claims map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
President and CEO Jim Pettit states, “This has been a significant season for us in the Golden
Triangle. We had success early and managed to raise funds and we managed to increase our
2018 drill program to almost 10,000 meters. Granted, we did this with the understanding we
would have our Multi Year Area Base d Permit in hand , but, because of the extreme fires this
summer, that was not to be. We did, however, manage to get a lot of good work done this year
and have a tremendous amount of data to analyze to help get ready for next year. As mentioned
above, only a fraction of the prospective targets at the Boundary Zone have been drill -tested to
date. We also look forward to trenching and channel sampling analytic results coming from the
Justin Property in the Yukon any time now and an initial w inter drilling program on the Chico
Property in Saskatchewan possibly commencing the end of February”.
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 was tes ted 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 qualit y 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
Aben Resources has now received all of the finalized analytical data f rom the field program
completed in September 2018 on their 100% owned Justin Gold Property in the Yukon Territory.
The geologic team reported 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. The new
mineralization style is interpreted to be orogenic -style quartz -gold vei ns that bear a strong
resemblance to and share similar geologic setting with Golden Predator’s adjacent 3 -Aces
Property. Previous exploration at Justin has successfully discovered Intrusion related sheeted
veins & vein breccias along with gold bearing skar n mineralization. The new discovery at Lost
Ace highlights the existence of a multi -phase hydrothermal system with the potential for
overprinting mineralizing systems.
Channel sampling at Lost Ace in 2017 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. Historic drill
results from the POW Zone, located 1.5 km southeast of the Lost Ace discovery, indicate a
potential for bulk tonnage gold with 46.6 meters grading 1.49 g/t gold in JN12 011 and 60.0
meters grading 1.19 g/t gold in JN11009.
Cornell McDowell, P.Geo., V.P. of Exploration of Aben Resources, has reviewed and appr oved
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.
For further information on Aben Resources Ltd. (TSX -V: ABN), visit our Company’s web site at
www.abenresources.com.
Aben Resources has approx. $5.6 million in its treasury and no debt.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
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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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 performan ce, 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, sho uld 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.