Aben Resources Provides Drilling Update for Forrest Kerr Gold Project in BC’s Golden Triangle, Assays Pending for Justin Gold Project in the Yukon FOREST KERR UPDATE
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 06, 2019
Aben Resources Provides Drilling Update for Forrest Kerr Gold Project in
BC’s Golden Triangle, Assays Pending for Justin Gold Project in the Yukon
FOREST KERR UPDATE
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben or the Company”) is pleased to announce that the 2019 drill exp loration program at the
Forrest Kerr Gold Project in the Golden Triangle region of British Columbia is ongoing and
continues to provide encouraging visual indicators of significant alteration and mineralization
immediately south of the North Boundary mineralized zone. A total of 4000 meters (m) in 9 holes
have been completed to date, with regular sample shipments being sent to ALS Chemex prep
facility in Terrace BC. All results to date are pending. A total of 5,000m of drilling has been planned
for 2019, with funding in place to expand the program considerably.
Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
2019 drilling to date ha s focussed on confirming high -grade mineralization on the 23,000-ha
property based on results obtained by Aben in 2017 and 2018 and from historical exploration
activity dating back to 1990 ’s. The initial drilling has been focu ssed in an area which has
previously returned high-grade results including 38.7 grams per tonne (1.12 ounces per ton) gold
over 10 m (from 114.0 m to 124.0 m), including 331.0 g/t (9.65 oz/t) gold over 1.0m in hole FK18-
10.
Drilling has also tested for a potential northward extension of the high-grade mineralized core at
the North Boundary Zone and for potential connectivity with historic, high-grade gold discoveries,
including 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 Zone mineralized core).
Currently, the drill rig is testing a strongly leached and iron -oxidized area located 500 meters
south of the main North Boundary mineralized zone. Drill core from this new zone displays variably
strong QSP (quartz -sericite-pyrite) overprinting potassic alteration with strong hematite and
chlorite altered horizons. This style of alteration and mineralization has a strong association with
elevated gold values on the Forrest Kerr Property, along with locally strong copper mineralization
represented by chalcopyrite. Several holes will be drilled from this set-up in order to both test for
and better understand the continuity, nature and geometry of mineralization in this z one. Initial
visual observations from drill core have been very favourable in terms of the presence and
abundance of alteration and sulfide mineral s that indicate the type of environment required for
high-grade base and precious metal mineralization. The entire range of sample intervals from the
first hole in this zone have been sent to the lab on an expedited basis.
A 173 line-km airborne geophysical magnetic survey was completed within the property area in
early 2019 and has provided important data with respect to inferred structural and mineralogic
trends noted from past exploration. A number of high -priority targets have been generated from
this survey and are the focus of ongoing drilling.
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
Data from extensive soil geochemical sampling has been compiled by Aben geologists and
indicates strong geochemical trends within the Forrest Kerr property area. Targets generated from
this data also form the basis for target generation during the 2019 drilling campaign.
Soil Sampling Map at Forrest Zone:
https://www.abenresources.com/site/assets/files/4299/abn-forrest-kerr-soil-2017_1024x0.jpg
Forrest Kerr Project Exploration Target map:
https://www.abenresources.com/site/assets/files/4299/abn_forrest_kerr_future_targets.png
JUSTIN GOLD PROJECT, YUKON UPDATE
Drilling activity at Aben’s 100% owned Justin Property was completed in July, with samples
pending. A total of 963m (3,158’) was completed in 4 diamond -drill holes and 592m (1,942’)
completed in 20 rotary air -blast (RAB) holes. Important visual indicators of alteration and
pathfinder elements associated with intrusion –related gold systems were noted in many holes.
Management has elected to re -assay a number of key sample intervals in order to ensure the
accuracy of results to date. An update on all conclusions from the program will be released once
complete analytical results are received, compiled and interpreted.
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.
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 $5 million in the Company’s treasury and 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]
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes cert ain 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. Alt hough 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
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