Aben Resources Provides Update to 2017 Exploration Plans for Forrest Kerr Gold Project in B.C.’s Golden Triangle
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
May 16, 2017
Aben Resources Provides Update to 2017 Exploration Plans for Forrest Kerr
Gold Project in B.C.’s Golden Triangle
Vancouver, BC – Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(“Aben” or the “Company”) is pleased to provide an update d timeline and summary of the
Company’s exploration plans for its 100% held 23,000 hectare Forrest Kerr Gold Project, located
in BC’s Golden Triangle, for the 2017 field season.
B.C.’s Golden Triangle map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
The Aben exploration team will arrive to site in the third week of June to begin field work that will
include drill target generation, ground truth exploration and surface sampling. Aben has applied
for a Multi-Year Area Based permit from the B .C. Ministry of Energy and Mines, wherein three
main zones have been defined as a focus for exploration activities and subsequent drill testing
in 2017.
Historic drilling on the Forrest Kerr Project has encountered several high grade precious metal
and base metal intercepts including:
North: Carcass Creek hole RG91 -21 returned 9.87 g/t Gold over 29 meters including
91.69 g/t Gold over 1.95 meters;
Forrest Kerr Carcass Zone showing historical drill holes and sampling:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Carcass_Creek.jpg
Central: Boundary Zone hole RG91-16 returned 33.4 g/t Gold over 11 meters including
326 g/t Gold over 0.45 meters;
Forrest Kerr Boundary Zone showing historical drill holes and sampling:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Boundary_Zone.jpg
South: Forrest Creek hole A90-7 returned 2.28 g/t Gold, 0.3% Copper and 6.3 g/t Silver
over 28 meters, while hole A90 -13 encountered 2.5 g/t Gold, 0.3% Copper and 6.1 g/t
Silver over 35 meters . These two holes were collared 50 meters apart and were
interpreted to test the same shear zone.
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.
The areas of interest contain several precious and base metal occurrences wit hin Hazelton
Group rocks, which host several mineral deposits throughout the region. Widespread quartz-
sericite-pyrite alteration zones indicate that a robust hydrothermal system was active and is likely
related to early Jurassic intrusive bodies found in close proximity to the altered zones . The
property has excellent potential to host both volcanogenic massive sulphide (VMS)
mineralization similar to the historic Eskay Creek mine and transitional epithermal vein
mineralization analogous to Pretivm Resources Brucejack gold mine. Exploration in 2017 will be
guided with both of these depositional models in mind as Aben seeks to extend historically
defined mineralization and probe for a new discovery.
The Forrest Kerr Gold Property has significant potential to host precious metal mineralization in
the heart of the Golden Triangle of British Columbia . The Property is host to n umerous
mineralized occurrences that have been defined through systematic fieldwork conducted from
the late 1980’s to the mid 2000’s. Only limited fieldwork has been completed on the Property in
the last decade , during which the area has seen major infrastructure improvements including
road access and hydro -electric facilities. In addition, rapid melting rates of glaciers on the
property have provided new exposures in areas that were inaccessible during previous
exploration campaigns.
The Golden Triangle is host to significant mineral deposits including Galore Creek, Copper
Canyon, Schaft Creek , Brucejack, Snowfield, KSM, Snip, Granduc, and Red-Chris a mongst
others.
Aben’s Forrest Kerr land package is located along the Forrest Kerr Fault, immediately north of
the Iskut River and extends 6 kilometers north of More Creek. The project is road accessible to
its northern portion via the Galore Creek road and to its southern end via the Coast Mountain
Hydro road. The Forrest Kerr Hydroelectric Facility, which supplies 195 MW of energy to the BC
power grid via the 287 kV Northwest transmission line, is located in the southern portion of the
property. The claims span 40 kilometers in a north -south direction over Hazelton and Stuhini
Group rocks, a complex assemblage of volcanic and sedimentary sequences which host
numerous significant gold deposits in B.C.’s Golden Triangle area.
Forrest Kerr project, B.C., Golden Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
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. 31.5 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
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 i n 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 man agement'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 availa bility 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.