Aben Resources Announces the Completion of an Airborne Magnetic Survey at the Forrest Kerr Gold Project in BC’s Golden Triangle Region
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
June 06, 2019
Aben Resources Announces the Completion of an Airborne Magnetic Survey at
the Forrest Kerr Gold Project in BC’s Golden Triangle Region
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) announces, further to its news release on May 23rd, the completion of
a 173 line k ilometer (km) airborne magnetic survey that covered the entire Boundary Zone,
located in the central portion of the Forrest Kerr Property. The Boundary Zone has been the main
focus of exploration by Aben Resources since 2016. The 2 km by 5 km survey encompassed a
large package of gold -bearing rocks from the Hazelton Group, a lithology that hosts several
polymetallic mineral deposits in the region. It is expected that the airborne magnetic survey will
effectively delineate subsurface geologic structures that are intimately associated to the high -
grade gold mineralization previously discovered at the Boundary Zone. Preliminary results from
the survey have been received with final deliverables expected well in advance of the onset of
drilling in late June.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
JUSTIN PROJECT
Aben would also like to announce that field crews have now opened up the camp at the 100%
owned 7,400-hectare Justin Gold Project in the Yukon in anticipation of the arrival of the Diamond
and Rotary Air Blast (RAB) drills in the upcoming days. The 2019 exploration program at Justin
will entail 1350 meters of diam ond drilling and 600 meters of Rotary Air B last drilling (“RAB”),
along with prospect generating field work. This program should take 3-4 weeks to complete which
will coincide with the commencement of drilling at the Forrest Kerr Project.
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.
FLOW-THROUGH FINANCING
Further, the Company is pleased to announce it has closed a non -brokered private placement
financing (the “Private Placement”) for total gross proceeds of $1,103,200.08.
The Company has allotted and issued 4,596,667 flow-through shares at a price of $0.24 per flow-
through share.
For their efforts in finding certain placees, the Company has paid finder’s fees totalling $85,000
and issued an aggregate 354,167 finder’s warrants (the “ Finders Warrants”) to arm’s -length
parties. Each Finders Warrant is exercisable into one common share for a period of up to twenty-
four months at a price of $0.24.
The Company intends to use the proceeds from the Private Placement towards exploring its
Forrest Kerr Project, British Columbia. The Private Placement is subject to final TSX Venture
Exchange approval and all securities issued will be subje ct to a hold period expiring October 6,
2019.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in
British Columbia’s Golden Triangle region and the Yukon Territory. Aben is a well-funded junior
exploration company with approximately 111.7 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: 604-639-3851
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.