Aben Resources Announces the Commencement of Diamond Drilling at the Forrest Kerr Gold Project in BC’s Golden Triangle and the Completion of Drilling at the Justin Gold Project in the 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
July 9, 2019
Aben Resources Announces the Commencement of Diamond Drilling at the
Forrest Kerr Gold Project in BC’s Golden Triangle and the Completion of Drilling
at the Justin Gold Project in the Yukon
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Aben or the Company”) announces the commencement of diamond drilling at the Forrest
Kerr Gold Project in BC’s Golden Triangle and the completion of the 2019 drill program at the
Justin Gold Project in the Yukon. The Company is planning to start with another 5000-meter drill
program at Forrest Kerr this year that can be expanded to 10,000 meters as results dictate. Aben
Resources is well funded with over $5 million in the treasury.
ABEN COMMENCES 2019 DRILL PROGRAM AT FORREST KERR PROJECT, BC
The 2019 drill exploration program at the Forrest Kerr Gold Project has now seen the mobilization
of the drill and the start of drilling commenced. The size and scope of this years drill program will
start out with 5000 metres and will increase based on exploration and drilling success. The initial
drilling will be focused within and peripheral to the North Boundary Zone, which has previously
returned high-grade results such as 38.7 grams/tonne (g/t) (1.12 oz/t) gold over 10.0 m (from
114.0-124.0 m) including 331.0 g/t (9.65 oz/t) gold over 1.0 m in hole FK18-10. Initially drill testing
will focus on the potential for a northward extension of the hi gh-grade mineralized core at North
Boundary and to test for potential connectivity with historic high -grade gold discoveries such as
326.0 g/t gold reported in 1991 by Noranda in drill hole RG91 -16 (located 200 m to the south of
the North Boundary minerali zed core). 2018 drilling was hampered by limited permitted pad
locations as a result of extensive forest fire activity in the area. Over the winter season, an
additional 45 drill pad locations have been approved by government agencies, allowing maximum
flexibility for testing new geophysical and geochemical targets and for investigating evolving
geological theories.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Drill activities will also target polymetallic mineralization at the South Boundary Zone where broad
intercepts of gold-silver-copper-zinc values in quartz veins were discovered in holes FK18-19, 20
& 21. An airborne magnetic survey was completed in May across the entire Boundary Zone, over
an area that measures in excess of 2.0 km x 4.0 km. The magnetic geophysical data has thus far
correlated well with geologic surface observations and should help delineate important geologic
structures that influence mineralization.
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
Drilling to date has targeted near-surface, high-grade precious metal mineralization. Observations
from past drilling and recently-acquired geophysical data (details below) support the theory that
mineralization encountered may be related to deeper-seated and/or larger structurally -related
systems. The Golden Triangle area is host to numerous world -class porphyry deposits (Galore
Creek, Copper Canyon, Red Chris), in addition to numerous high-grade gold deposits (Brucejack,
Snip, Premier). Aben intends to carry out deeper drilling during the 2019 season to test for these
deposit types. Management cautions that past results or discoveries on proximate lands are not
necessarily indicative of the results that may be achieved on the Forrest Kerr property.
In addition to the exploration activities at the Boundary Zone, Aben anticipates that a high priority
target recently identified in the Forrest Zone (located 13 km south of Boundary) will also be drill
tested this summer. The area of interest at F orrest Kerr is defined by highly anomalous gold-in-
soil and gold-in-rock values coincident with a strong geophysical conductive anomaly originally
reported in 2013.
Aben’s President and CEO Jim Pettit remarks, “The Company looks forward to continued success
as we start our fourth season of exploration and drilling at the Forrest Kerr Gold Project. With the
addition of the recently completed airborne magnetic survey to our extensive historic and more
recent data compilation, we hope to gain greater unders tanding of structural influences in the
highly mineralized Boundary Zone and, further to all this, we now have approval for 45 more drill
pad locations that will allow us to optimize the targeting of prospective zones, both new and old.”
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
COMPLETION OF DRILLING AT THE JUSTIN GOLD PROJECT IN THE YUKON
The Company would also like to announce the completion of the 2019 drill program at the Justin
Property in the Yukon where a total of 1556 metres utilizing both a diamond drill rig and a rotary
air blast (RAB) drill to test for mineralized extensions on high priority targets.
The diamond drill rig completed 963.0 m in four holes at the POW Zone , an area that contains
gold-bearing vein, breccia and skarn replacement mineralization as proven in surface sampling
and recent drill programs (60.0 m grading 1.19 g/t Au in drillhole JN11009). The 2019 POW drilling
sought to evaluate the potential to host bulk-tonnage gold mineralization and to test for the
continuity of higher -grade skarn mineralization along strike . All four diamond drill holes
encountered sulfide mineralization and have now been sent off site for analysis. Four rotary air
blast holes were also completed at the POW Zone in order to test for the subsurface extension of
semi-massive sulfide veinlets (pyrite + arsenopyrite +/- galena) discovered on surface.
The majority of RAB drilling took place at the recently discovered (2017) Lost Ace Zone, a gold-
bearing vein system that has returned significant gold mineralization in trenching (chip sample
averaged 20.8 g/t Au over 4.4 m including 88.2 g/t Au over 1.0 m) . The first ever drilling at Lost
Ace totaled 462 meters in 16 holes. Several d rill holes at Lost Ace successfully intersected
mineralization at the contact between a pebble conglomerate and an underlying phyllite unit
where visible gold was discovered in surface sampling in 2018. The association of gold
mineralization at this contact shares many characteristics with the mineralized setting at the
adjacent 3-Aces project.
Aben Resources will be reporting the results fro m the 2019 exploration project at Justin in the
upcoming weeks. To date, the Property has produced gold mineralization hosted within sheeted
vein arrays, stockwork, breccias and skarn replacement mineralization with several other mineral
occurences that warrant further evaluation.
Additional info on the Justin Project can be found on Aben’s web site:
https://www.abenresources.com/projects/gold-projects/justin-gold-project-yk/
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 Ltd.:
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
approximately 116.6 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: 604-639-3851
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 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.