Aben Resources Ltd Commences 2021 Reconnaissance and Field Work at the Forrest Kerr Project and Closes Financing
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
August 11th, 2021
Aben Resources Ltd Commences 2021 Reconnaissance and Field Work at the
Forrest Kerr Project and Closes Financing
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) is pleased to announce that it has initiated a reconnaissance and field
work program at its 100% owned Forrest Kerr Project in BC’s Golden Triangle. The 2021 program
will consist of additional mapping and sampling in specifically identified areas of the property that
have had limited coverage to date and in areas of interest as the property’s extensive data base
dictates. This program is desi gned to generate additional drill targets and to further the
understanding of the geologic processes that have taken place and are the cause of the gold
emplacement in the North and South Boundary Valley of the Forrest Kerr Property.
The areas of interest this year will be to the North and South of the Boundary zones. Minimal
exploration has been conducted in the 3.5km -long Boundary-Marcasite corridor to the north of
the North Boundary High-grade Zone despite the presence of high -grade precious metal values
on surface. And to the south, very limited surface work has been conducted south of the South
Boundary mineralized corridor, although discovery potential is high as this area overlies the
regional-scale Forrest Kerr Fault Zone and other associated structures.
Flow-Through Financing
Further, the Company has closed a non -brokered private placement financing for total gross
proceeds of CAD $175,000 (the “Placement”).
The Company has allotted and issued 2,500,000 flow-through units (the “FT Units”) at a price of
CAD $0.07 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-
half of one transferable warrant. Each whole warrant will entitle the holder to purchase one non-
flow through common share for a period of two (2) years at a price of CAD $0.10 per share.
The Company intends to use the proceeds from the Placement towards exploration on its Forrest
Kerr Gold Project, British Columbia. All securities issued under the Placement will be subject to a
four-month and one-day hold period expiring December 12, 2021. The Placement remains subject
to the final approval of the TSX Venture Exchange.
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.
Forrest Kerr Gold Project, Golden Triangle, BC claims map:
https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf
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:
Aben Resources Ltd.
Telephone: 604-416-2978
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 guarante es 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 gene ral economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further information.