Aben Reports Final Drill Results from 2019 Exploration Program and Completes Earn-in for the Forrest Kerr Gold Project in BC’s Golden Triangle
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NEWS RELEASE
November 26, 2019
Aben Reports Final Drill Results from 2019 Exploration Program and Completes
Earn-in for the Forrest Kerr Gold Project in BC’s Golden Triangle
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) has received and interpreted analytical results from the final seven
drill holes (FK19-64 to 70) of the 2019 drill exploration program conducted at the Forrest Kerr
Gold Project in the Golden Triangle region of British Columbia . Five of these drill holes were
collared in the far south of the Boundary Valley with two holes completed at the Forrest prospect,
located 14 km SSW from Boundary. The second and final phase of drilling in 2019 tested for
precious and base-metal mineralization associated with structures and along geologic contacts
located outboard from known mineralization toward the margins of the large hydrothermal system
present on this part of the Forrest Kerr Property.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
2019 Forrest Kerr Program Highlights:
9622 meters (“m”) in 25 holes, 214 soil samples, 128 rock samples and 173 line-km’s of
magnetic geophysical survey completed during 2019
High-grade gold mineralization reported in numerous holes at North Boundary Zone within
a broad mineralization & alteration halo
500m-long gold -mineralized corridor delineated at South Boundary Zone, open in all
directions
Drilling at South Boundary encountered sediment -hosted rift-related VMS style
mineralization within rocks analogous to the Eskay Creek precious metal deposit, located
30 km to the southeast of Forrest Kerr
100% earn -in completed , with overall project area now encompassing over 23,000
hectares
Numerous high-priority drill targets remain untested
2019 Phase 2 Drill Hole summary:
Holes FK19-64 & 65 , drilled in a scissor pattern, further delineated a consistently gold -
mineralized corridor at South Boundary that measures greater than 500 meters along strike by
150 meters across. The mineralized corridor shows consistent mineralization which has been
encountered in multiple (7) drill holes. The zone remains open to the north, south and at depth.
The zone disappears under considerable cover to the north but geophysical data indicates that
it likely extends several hundred meters toward the high -grade gold occurrence discovered at
North Boundary (1.5 km North). FK19-64 averaged 0.17 g/t Au over 100m (31.0-131.0m depth),
with gold values ranging from trace to a high of 4.09 g/t Au over 1.0m. FK19-65 returned an
average grade of 0.13 g/t Au over 71.0 meters (274.0-345.0m downhole depth).
A cross-sectional view of the gold mineralization present in holes 62 through 65 is linked below.
Forrest Kerr Cross Section for Holes FK19-62 to FK19-65:
https://abenresources.com/site/assets/files/5002/southboundaryholes-62-65-xsection.jpg
Holes FK19-66 to 68 tested the outer margins of a complex structural zone that dominates the
southern extent of the Boundary valley. Hole 66 intersected widespread moderate to strong
alteration associated with breccias and sheared horizons. A 1m wide quartz vein at 133.0m depth
returned 0.65 g/t Au, 33.60 g/t Ag, 3070 ppm Pb and 13,150 ppm Zn within a 6m envelope that
averaged 8.10 g/t Ag. Hole 67 encountered anomalous 1m gold values of up to 0.12 g/t, while
Hole 68 (drilled from the same pad) intersected intermittent anomalous gold values ranging from
trace to 0.54 g/t Au.
Forrest Kerr South Boundary Zone Drill Hole map:
https://abenresources.com/site/assets/files/5002/southboundarydrillholesnrnov20.jpg
The final two drill holes of 2019 were completed at the Forrest zone, located 14km south of the
Boundary Valley. Targeting a strong gold -in-soil anomaly and a distinct conductive anomaly
identified in a 2013 airborne VTEM geophysical survey , Hole FK 19 -69 encountered intrusive
and sedimentary rocks with strong to moderate alteration throughout. The hole was stopped at
a downhole depth of 392m in a strongly sheared limestone unit due to difficult drilling conditions
and allowed for only a partial test of the geophysical conductor. The hole did not encounter
significant mineralization. Hole FK 19-70 intersected the upper portion of the soil anomaly and
returned 0.46 g/t Au and 1.13 g/t Ag over 10 meters (93 -103m depth) from a quartz -veined
horizon.
The completion of drilling satisfies the final expenditure requirements outlined in the 2016 Option
Agreement on the Forrest claim block and thereby enables Aben to claim 100% ownership of
the Forrest Kerr Property.
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
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 tested via f ire 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 assuran ce 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 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 $1.5 million in the Company’s treasury.
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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