Aben Resources to Begin Forrest Kerr Drill Program 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
July 26, 2017
Aben Resources to Begin Forrest Kerr Drill Program
in BC’s Golden Triangle Region
Vancouver, BC -- Aben Reso urces Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to announce plans for the upcoming summer drill program at its
Forrest Kerr Gold Property located in North Western British Columbia’s Golden Triangle region.
The Company is planning a 2100 metre (6,800’) diamond drill program commencing in the first
week of August. Field-based exploration activities have been underway earlier this season at
Forrest Kerr, where crews completed soil geochemical sampling, ground-truthed historic data
and evaluated mineralization potential on a property -wide basis. F ocus was placed on those
areas containing historic high -grade precious - and base -metal occurrences. Aben currently
owns certain mineral tenures outright and has agreements in place with various third -parties
whereby it has the exclusive right to a 100% interest in the 23,000 hectare property area.
Golden Triangle, B.C., claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Project high-lights:
2100 metre drill program to commence in early August.
Expanding on high-grade Carcass Creek Zone and Boundary Zone results.
Testing of conceptual targets for precious- and base-metal potential.
Potential to expand program.
Drilling will aim to extend known mineralized high -grade horizons located in the Carcass Creek
and Boundary Zone s. These zones reported some of the best grades on the Forrest Kerr
Property and the Company feels there is the pote ntial for the expansion of these known zones
based on recent data compilation and field reconnaissance work. There are also some more
conceptual targets to be tested south of the Boundary Zone. These entail areas of outcrop with
multiple shear zones and a bundant sulfides. There is also significant surface sampling
associated to this reporting gold grades in the order of 3 – 5 g/t.
Historic drilling at the Forrest Kerr Project ranged from trace values to several high grade
intercepts such as an average of 9.97 g/t gold over 29 metres (including 125 g/t gold over 0.8m
and 91 g/t gold over 1.9m) in the Carcass Creek Zone and 33.4 g/t gold over 11 met res in the
Boundary Zone (including 326 g/t gold over 0.5m).
*Note: Aben has not been able to independentl y 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.
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.
In other news, the Company has made these corrections to its recently closed private
placement financings announced July 5th.
The Company has issued 5,815,000 Units at a price of $0.10 per Unit for gross proceeds of
$581,500. Pursuant to the Offering, Aben has also issued 6,540,000 flow-through Units at a
price of $0.125 per flow-through Unit for gross proceeds of $817,500. In connection with part of
this Offering, the Company paid $67, 655 in cash finder's fees and issued 568, 400 finder's
warrants ("Finder's Warrants") to qualified arm's length finders.
About Aben Resources:
Aben Resources is a Canadian gold exploration co mpany 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. 46.8 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
Director, Investor Relations
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 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 his torical 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 beli efs,
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 capi tal and financing, and general economic, market
or business conditions. Please see the public filings of the Company at www.sedar.com for further
information.