Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle, Increases Size of Program, Update on Justin Project, Yukon
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NEWS RELEASE
August 20, 2019
Aben Provides Initial Analytical Data from Drill Program at the Forrest Kerr Gold
Project in BC’s Golden Triangle, Increases Size of Program, Update on Justin
Project, Yukon
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) has received analytical results from the the first shipment of drill core
from the 2019 drill exploration program at the Forrest Kerr Gold Project in the Golden Triangle
region of British Columbia.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
5000+m has now been completed in 10 holes, with numerous sample shipments now in the
laboratory. Based on the encouraging results obtained to date, Aben had elected to expand the
budget for the program and intends to continue drilling into September.
Forrest Kerr Project North Boundary Zone map - August 2019:
https://abenresources.com/site/assets/files/4855/nboundary2019drillingaug7.jpg
The goal of the 2019 drill program is to test a specific area of the North Boundary Zone as well
as the area around the historic “Noranda hole ” and a corresponding new zone of sericite
alteration located south of the Noranda hole. These initial results are from three widely spaced
holes located peripheral to the main zone of mineralizati on at North Boundary. Each hole
encountered variable and intermittent polymetallic mineralization with in the Hazelton
volcanic/sub-volcanic sequence. (brief hole descriptions are summarized be low). Mineralization
corresponds to multiple and widespread fault and shear zone structures within a panel of
Jurassic Hazelton rocks that dominate the Boundary valley. The mineralized structures correlate
very well with magnetic highs that were delineated by an airborne survey flown in May 2019.
Thus far, drilling in this part of the Forrest Kerr Property has only tested a small portion of th e
potentially mineralized structures defined by the magnetic survey.
Airborne Magnetic Survey from Boundary Zone on the Forrest Kerr Project:
https://abenresources.com/site/assets/files/1/Forrest-Kerr-Mag-Images-from-Boundary.pdf
FK19-46 (110/-45) -- Drilled oblique to the main mineralized corridor at North Boundary to test
for continu ity of mineralization between recently discovered mineralization and historic high-
grade gold mineralization reported by Noranda in 1991 (326.0 g/t Au over 1 met er). This hole
encountered multiple mineralized horizons with an overall average of 0.12 g/t Au over its entire
length of 500.5 meters (m) (including 12.4 g/t Au between 203-204m).
FK19-50 (195/-65) – Drilled to test for the downward extension of a mineralized horizon
discovered in 2018 (holes FK18-17 & 18 ) situated 50 meters NW of high -grade Au -Ag-Cu
mineralization at North Boundary . The mineralized horizon is c haracterized by intermittent
higher-grade gold intercepts within broad lower grade envelopes associated with fractures and
fault structures. The zone remains open to the NW.
Drill Hole From (m) To (m) Interval (m) Au average (g/t)
FK19-50 188.00 249.70 61.70 0.46
including 11.65 g/t over 1 metre
*FK18-17 232.00 284.00 52.00 1.82
including 31.4, 22.5 and 8.4 g/t over 1 metre intervals
*FK18-18 186.00 247.00 61.00 0.37
including 11.55 g/t over 1 m
*previously reported
FK19-51 (310/-45) – Located some 500m from the main mineralized core at North Boundary,
this hole was drilled oblique to the roughly North-South mineralized corridor to test for
southward extension of mineralization and depth potential under historically reported
mineralization. Multiple and sporadic Au-Ag-Cu-Pb-Zn intercepts were reported with strong
widespread QSP alteration that appears to overprint earlier potassic alteration. Quartz-sulfide-
hematite veins are also prevalent in this area, an important host to mineralization on this part of
the property. Gold mineralization, although common, was generally low grade in this hole and
not as strongly correlated to the repetitive sequences of copper mineralization. Hole FK19-52
was drilled from the same set-up at a steeper dip with assay results pending.
Aben’s President and CEO, Jim Pettit says: “We are off to a great start for the 2019 drill season.
We have some exciting theories to test from the analysis of the last few years drill results as
well as our new ge ophysical survey results. As we work our way south of the mineralized core
of the North Boundary Zone , we are looking for potential connectivity with the historic, high -
grade gold discovery made by Noranda in 1991. As noted from the description of Hole FK19-
51, we have been drilling a highly altered zone of mineralization a few hundred met ers south of
the Noranda hole. The style of alteration and mineralization in this Zone has a strong
association with elevated gold values in the region as well as a st rong copper mineralization
represented by chalcopyrite. The mineralization in this type of setting is definitely something we
want to chase”.
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
Soil Sampling Map at Forrest Zone:
https://www.abenresources.com/site/assets/files/4299/abn-forrest-kerr-soil-2017_1024x0.jpg
JUSTIN GOLD PROJECT, YUKON
2019 drilling consisted of 4 diamond drill-holes (963m) testing the POW Zone while 20 rotary
air-blast (“RAB”) holes (592m) tested the Lost Ace Zone. At the POW Zone, drilling targeted a
magnetic geophysical feature inferred to be associated with skarn alteration and sulphide
mineralization. JN19020 and -021 are approximately 125 m step -outs from holes drilled during
the 2011 and 2012 campaigns. Both holes intersected zones of massive sulphide, sulphide -
mineralized skarn and mineralized quartz veins. Results include 1.5 g/t Au over 15.4 m (165.0-
180.4 m) including 10.5 g/t Au over 1.2 m in JN19020 and 0.9 g/t Au over 3.3 m (250.5 -253.8
m) including 3.5 g/t Au over 0.8 m in hole JN19021. JN19031 which tested the POW Zone
magnetic “wedge” anomaly did not return significant results. At this stage the source of the
anomaly is unclear, and the target remains open. JN19039 was drilled to test the mineralization
potential of the Justin Fault and variably mineralized sheeted quartz veins within the Justin
Intrusion. The mineralized intersection of the Justin Fault re turned 0.2 g/t Au over 9.5 m (35.5 –
45.0m). The sheeted quartz veins of the Justin Intrusion, which are comparable to veins
observed in surface trenching from 2014 (TR14 -001), returned 0.4 g/t Au over 7.3 m (52.0 -59.3
m) including 1.8 g/t over 0.6 m (sample JN19039-035; 58.7-59.3m).
Select diamond drill samples were sent to a referee lab for re -analysis. The decision was made
after the first round of analysis returned results that were unexpected through zones of massive
sulphide and sulphide mineralized skarn. The results from the re-analysis are in agreement with
the initial results.
RAB drilling at the Lost Ace Zone was successful in intersecting the mineralized phyllite/quartz -
pebble conglomerate contact discovered through surface geochemical surveys, prospecting and
mapping during the 2017 and 2018 programs. Results will allow for an updated interpretation of
the contact geometry and mineralization potential at depth. Results include 0.9 g/t Au over 1.5
m (19.8-21.3 m) in hole JN19026 and 0.5 g/t Au over 3.0 m (12.2-15.2 m) in hole JN19029. RAB
drilling at the POW zone targeted near-surface pyrite-arsenopyrite ± galena veins first observed
in DDH JN19021. Results include 0.2 g/t over 1.5 m (29.0 -30.5 m) in hole JN19042. Sampling
was hindered by e xtremely wet hole conditions, which may reduce the reliability of analytical
results.
Justin Gold Project, Yukon location map:
https://www.abenresources.com/site/assets/files/4303/abn_justin_project_-
_property_location_2017_small.jpg
Cornell McDowell, P.Geo., V.P. of Exploration for 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 gold-focused projects in
British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with
over $5 million in the Company’s treasury and approximately 116.7 million shares issued and
outstanding.
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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