Aben Reports Further Drill Results from 2019 Exploration Program at the Forrest Kerr Gold 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
October 21, 2019
Aben Reports Further Drill Results from 2019 Exploration Program at 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 additional analytical results from drill
holes FK19-55 through FK19-63. These results are from the 2019 drill exploration program at the
Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. This release reports
on drill holes located within the Boundary Valley but distal to the main mineralized zone at North
Boundary. Part of a second phase of drilling , these holes tested for precious and base metal
mineralization along geologic structures and contacts located outboard from known mineralization
toward the margins of the large hydrothermal system present on this part of the Forres t Kerr
Property.
The 2019 drill program sought to increase the mineralized footprint in the Boundary valley, test
outlying fault and shear structures for potential mineralization and to ultimately vector toward a
heat and mineralizing source for the focused high-grade precious and base metal mineralization
recently discovered on the Property.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Drill hole FK19-55 (250, -80), a sub-vertical hole collared in the Cracko zone , tested for
polymetallic mineralization at depth near the southern limit of the North Boundary zone (450 m
south of the mineralized center). 26 separate meter-long intervals returned Au values between
0.10 and 1.26 g/t Au with periodic Ag -Cu+/- Zn mineralization. Hole 55 wa s the deepest hole
drilled on the Property thus far (525 meters ver tical depth) and shows the mineralized zone at
North Boundary that now measures 750 m x 250 m is still highly prospective at depth.
Forrest Kerr North Boundary Mineralized Plan View map:
https://abenresources.com/site/assets/files/4855/abn_n_boundary_min_plan_view.jpg
Drill holes FK19 -5658 were collared from the same pad to target mineralization associated
with the Cracko fault. Holes 56 & 57 failed to cross this important structure and were abandoned
prior to the target depth. Hole 56 encountered multiple isolated mineralized horizons that returned
a range of polymetallic mineralization including Au (trace to 3.08 g/t), Ag (trace to 5.1 g/t), Cu
(trace to 13,550 ppm) and Zn (trace to 20,600 ppm). Hole FK19-57 did not discover significant
mineralization before being abandoned at 138 meters. Hole FK19-58, drilled more Easterly and
at a steeper dip (090, -55) than the previous two holes, crossed the fault and ended within a poorly
mineralized and intensely sericite altered rock package.
Drill holes FK19-5961 were drilled in a fan pattern at South Boundary, located 2.5 km south of
the main mineralized core at North Boundary. These three holes tested the flanks and breadth of
multiple fault and shear structures within an area that represents a major structural culmination
within the Boundary valley. Holes 59 and 60, drilled NNE at a -45 degree dip, encountered multiple
disjunct horizons with modest Au grades (< 1.0 g/t). Hole FK19-61 (090, -48) was drilled across
a major structural intersection outlined by an airborne magnetic survey completed in May 2019.
This hole intersected multiple 1-meter intervals of modest Au (trace to 0.79 g/t) and Ag (trace to
11.4 g/t) mineralization with intermittent spikes in Pb (trace to 15,500 ppm) and Zn (trace to 58,800
ppm). Of note and potential importance in hole 61 was the discovery of a strongly pyritic bedded
sedimentary sequence b etween two prominent NE trending lineations. This style of deposition
and mineralization has characteristics of VMS-style stratiform mineralization found in rift
environments, such as the Eskay Creek deposit, l ocated 30 km to the Southeast . This style of
mineralization had not been previously observed by Aben personnel on the Property and will be
closely examined and followed up with field work and potential drill testing.
Drill holes FK19-62 & 63 were also drilled at South Boundary, about 500 m North of holes 59
61 and 300 m South of holes FK18 -19, 20 & 21 (reported October 16, 2018 ). Both holes
intersected coherent zones of modest grade gold mineralization with hole 62 (110, -45) reporting
an average of 0.12 g/t Au between 78 -135 meters (57 m) and hole 63 (110, -55) returning 0.10
g/t Au between 75-125 meters (50 m). Hole FK19-62 also encountered a separate zone between
291-337 meters that returned an average grade of 0.12 g/t Au over 46 m. Both holes intersected
isolated horizons of strong Ag -Cu-Zn mineralization. The apparent mineralized corridor defined
by gold values in holes 19, 20, 21, 62 & 63 measures in excess of 500 m in strike length over a
lateral distance between 100-150 m. It is open toward the North and South and at depth.
Jim Pettit, President and CEO of Aben Resources states, “We are pleased with the progress of
exploration to date as we have now defined gold mineralization at North Boundary over an area
measuring roughly 750 x 250 meters that is still open at depth. We have also discovered a second
500-meter mineralized corridor at the South Boundary Zone that is open to the North and South
as well as at depth. We drilled a zone at the southern margins o f South Boundary that displays
characteristics of VMS-style mineralization, a mineralization style not previously observed in the
Boundary Valley. This newly found occurrence could prove to be significant and is indicative of
the strength of the hydrothermal system present at Forrest Kerr with the presence of high-grade
mesothermal veins and widespread porphyry -style alteration and mineralization. Aben has
amassed a sizeable and growing database on the Forrest Kerr Property and we look forward to
receiving analytical data from the remaining seven holes of the season.”
The 2019 exploration season has now concluded with ov er 9600 meters drilled in 25 drill holes.
Thus far, drilling at Forrest Kerr has only tested a small portion of known targets defined by rock,
soil and geophysical anomalies. Base and precious metal mineralization has now been defined
over an area measuring in excess of 750m x 250m at North Boundary and 500m x 150m at South
Boundary. Mineralization corresponds to multiple and widespread fault and shear zone structures
within a panel of Jurassic Hazelton rocks that dominate the Boundary valley.
Forrest Kerr North & South Boundary Zone Drill Hole map:
https://www.abenresources.com/site/assets/files/4826/abn_boundary_drill_plan_october_21.102
4x0.jpg
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
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
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]
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 forwa rd-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.