Aben Resources Announces Exploration Plans for 2017
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
March 30, 2017
Aben Resources Announces Exploration Plans for 2017
Vancouver, BC – Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(“Aben” or the “Company”) is pleased to announce an update with regard to its 3 strategic gold
projects and the upcoming work programs planned for this year.
Forrest Kerr Project—Update on preparations for Exploration and Drill Program 2017
Preparations for the upcoming expl oration season at Aben’s flagship Forrest Kerr Project
located in the heart of BC’s Golden Triangle are progressing smoothly. Aben’s permit
application (Notice of Work) has been filed with the Province of British Columbia and is currently
in the consultation phase, with final approval anticipated in May, 2017. Aben has assembled an
experienced exploration team and expects to have all drilling, helicopter, and support
contractors in place during the first week of April. Snow accumulation over the project ar ea has,
thus far, been below average which should allow field crews to be on the ground in early June.
After several months of compiling and analyzing all historic data, the exploration team has
identified several areas of immediate interest and is confide nt that the upcoming field season at
Forrest Kerr will prove successful in advancing the project and providing value for Aben
shareholders.
Golden Triangle, B.C., claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Forrest Kerr Project Summary and History
Systematic exploration within regions of the Forrest Kerr project area commenced in the mid -
1980s and saw continuous exploration program s from 1988 to 2005. Little work has been
completed from 2005 -2016. Early work in the project area was focussed on exploration for
Eskay-type (VMS) deposits, though the more recent discovery of structurally -related high-grade
gold mineralization at Pretivm Resource’s Brucejack project underscores the variety of
exploration targets available to Aben.
Since the completion of significant exploration activity in the early 2000s, the area has seen
major infrastructure improvements including roads associated wit h the construction of the
Forrest Kerr and McLymont Creek hydro -electric facilities near the southern boundary of the
property and the construction of the 287KV Northwest Transmission Line. Development of the
Galore Creek Project has also provided road access to the northern reaches of the Forrest Kerr
Project, which provide greatly improved access in addition to new exposures made by road -
cuts.
Forrest Kerr Gold Project, B.C., Golden Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
Drilling throughout the project area is relatively limited , with analytical results ranging from trace
amounts to multi -gram gol d concentrations. Historical drilling and field work completed
throughout the project area confirms the presence of numerous high -grade gold, silver, and
base-metal mineral showings.
Highlights include:
• RDN drill-hole RG91-16, at the Boundary Zone, r eturned 10.2 g/t gold over 17m (including
359.7 g/t gold over 0.45 m) and RG91 -21 which returned 101.0 g/t gold over 1.95m and
137.8 g/t gold over 0.85m (true width unknown). Many of these intercepts, interpreted to be
possible feeder zones to a precious metal VMS system, are yet to be followed up.
• 1990 drilling at the Triple Creek Zone to the south returned up to 39.7m grading 1.78 g/t
gold (including 2.0m grading 5.9 g/t gold, 190.0 g/t silver and 12.4% copper).
• Notable sample occ urrences include: Jungle (25.5 g/t gold float); For (15.85% copper in
narrow veins); Forgold (30.5 g/t gold and 15.85% copper in narrow veins); Falls (22.11 g/t
gold, .32% copper-grab); Marmot Heights (45.57 g/t gold-grab).
Aben has not been able to independently verify th e methodology and results from historical
work programs within the property boundaries. However, management believes that the
historical work programs have been conducted in a professional manner and the quality of data
and information produced from them are relevant.
Chico Project—Update on preparations for Exploration and drill Program 2017
The 2016 exploration program at Aben’s Chico property, located 45 km southeast of Silver
Standard’s recently acquired Seabee Gold Mine in northern Saskatchewan, ver ified the
existence of high grade gold mineralization along a 1500m x 20m quartz -vein-fill shear system.
Numerous drill targets have been identified and permitting has been completed [for a diamond
drilling program proposed for late 2017 to early 2018]. In advance of the drill program, Aben has
commissioned a resistivity-I.P. geophysical survey to be completed immediately following spring
breakup. Results of the detailed survey will be used to constrain and prioritize the drill targeting.
Chico Gold Project location map, Saskatchewan:
http://www.abenresources.com/i/maps/ABN_Chico_Location_and_Highlights.jpg
Chico Project Summary and History
The Chico structural zone comprises a north/northeast-trending 20m- to 150m-wide multi-
episodic shear system comprising both ductile and brittle gold-bearing quartz vein systems.
Trenching and drilling activities carried out in the project area by Corona Corporation and
Cameco from 1988 to 1993 defined a mineralized strike length of over 1400m. Follow-up
diamond drilling by Cameco returned five significant intercepts ranging from 0.51 g/t over 1.5m,
to 36.0 g/t over 0.3m (AR 63M06-0041).
The 2016 program by Eagle Plains marks the most recent systematic exploration work carried
out to date at Chico.
Highlights include:
• 1.5 km mineralized structural corridor defined by past and current work
• Anomalous soil geochemical samples up to 4.5 g/t gold along structural corridor
• Rock samples ranging from trace quantities to 20.2 g/t recovered
• Numerous drill targets identified
Aben has not been able to independently verify the methodology and results from historical
work programs within the property boundaries. However, management believes that the
historical work programs have been conducted in a professional manner and the quality of data
and information produced from them are relevant.
Justin Project—Update on Preparation for Exploration Program 2017
Aben’s Justin Project is lo cated in the southeastern corner of the Yukon and adjoins Golden
Predators 3 Aces project. In 2011, a first -pass drill program consisting of 2,020 metres in ten
drill holes targeting four separate mineralized zones was completed on the Justin Project.
During this program , a significant new greenfield gold discovery was made at the POW Zone,
with drill highlights including 60.0 metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold in
hole JN11009. A total of 1,994 metres were drilled in nine holes during the 2012 field season at
the Justin property with highlights including 46.4 metres of 1.49 g/t gold in hole JN12011.
Including the two discovery holes drilled during the 2011 field season, all holes completed to
target depths at the POW Zone interse cted gold mineralization , with the zone open in all
directions.
Justin Gold Project location map, Yukon:
http://www.abenresources.com/i/maps/Justin_Location.jpg
Highlights include:
• Gold mineralizing events on the Justin property directly comprise an intrusion- related gold
system (“IRGS”).
• All holes drilled to completion in the POW Zone thus far have successfully intersected gold
mineralization.
• Drill highlights include 60.0 m etres of 1.19 g/t gold in hole JN11009, 46.4 metres of 1.49
g/t gold in hole JN12011 and 88.5 metres of 0.73 g/t gold in hole JN12018.
• The POW Zone continues to exhibit strong continuity of mineralization and remains open
in all directions.
• The majority of the intrusive stock and its surrounding contact aureole at the Justin Project
have yet to be tested and remain high priority targets for future exploration and drilling.
Cornell McDowell, P.Geo., V.P. of Exploration of 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 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. 30.2 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Aben Resources Ltd.
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 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 performanc e, 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, shou ld 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.