Aben Resources Uncovers High-Grade Gold at the Justin Project Lost Ace Zone, Yukon Territory
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
January 14, 2019
Aben Resources Uncovers High-Grade Gold at the Justin Project
Lost Ace Zone, Yukon Territory
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to provide a summary of exploration results from the 2018 exploration
program on their 100% owned Justin Gold Project in the Yukon Territory. Work completed in 2018
included the collection of 19 channel and 28 chip samples from 5 trenches, 16 rock samples, 7 till
samples and 240 soil samples with coverage totaling 6.0 line-km. The 2018 field program focused
primarily on the Lost Ace Zone, a gold bearing zone discovered in 2017 . Lost Ace is located 2
kilometers west of Aben’s POW Zone where past drill results indicate potential for bulk -tonnage
gold mineralization with intercepts reported ranging from trace values to highs of 1.19 g/t Au over
60.0 m (including 2.47 g/t Au over 21.0 m) and 1.49 g/t Au over 46.4 m.
Justin Gold Project, Yukon location map:
https://www.abenresources.com/site/assets/files/4303/abn_justin_project_-
_property_location_2017_small.jpg
2018 r esults from t renches TR18 -001 through TR18 -005 (115 m 2) from the Lost Ace quartz
stockwork vein zone include:
TR18-001 returned values ranging from trace to an average of 20.8 grams/tonne (g/t)
gold (Au) over 4.4 m, including 88.2 g/t gold (Au) over 1.0 m. Visible gold was observed
in the sample returning 88.2 g/t gold (Au).
The 2018 high-grade samples were collected 127 meters from 2017 discovery outcrop
and within 20 meters from where a bulk soil sample returned 1135 visible gold grains in
2017.
TR18-003 returned 0.9 g/t gold (Au) over 1.0 m while three grab samples from a large
quartz boulder excavated from the contact zone returned 7.3 g/t Au, 3.9 g/t gold and 4.6
g/t gold respectively. Visible gold was also noted in one of these samples. TR18-003 was
completed as an extension to TR17 -004 which returned 4.7 g/t gold (Au) over 1.0 m .
This particular trend of quartz stockwork veining has now been exposed over 8.0 meters.
Mineralization at Lost Ace is interpreted to be orogenic-style quartz-gold veins that bear a strong
resemblance to and share similar geologic setting with Golden Predator’s adjacent 3 Aces
Property. Previous exploration at Justin has successfully discovered Intrusion related sheeted
veins & vein breccias along with gold bearing skarn mineralization. The new discovery at Lost
Ace highlights the existence of a multi -phase hydrothermal system with the potential for
overprinting mineralizing systems.
Mike Burke, P. Geo., and former Chief Geologist with Golden Predator Mining Corp. states “The
orogenic style mineralization discovered at Lost Ace shares many characteristics with the
orogenic veins discovered at the 3 Aces project. Exploration at 3 Aces has shown the regionally
extensive stratigraphic contact in the middle Yusezyu Formation contains consistently highly -
anomalous gold values. The discovery of gold mineralization in the upper Yusezyu Formation at
Lost Ace suggests newly discovered orogenic gold mineralization could occur over a signif icant
stratigraphic extent between the upper and middle Yusezyu Formation on the Justin Property. In
addition, the previously discovered intrusive related gold mineralization at the POW Zone would
have intruded through the prospective stratigraphy which hosts the older orogenic mineralization
in the district potentially enhancing grades in the intrusion related gold system.”
The new zone at Lost Ace is located at the northern end of a 250 meter gold-in-soil soil anomaly
that remains open in all directions. The soil geochemical response may be somewhat muted due
to the thick glacial cover in the area. Channel sampling at Lost Ace in 2017 returned 1.44 g/t Au
over 5.0 m including 4.77 g/t Au over 1.0 m eter. Also a bulk soil sample taken from the area
contained 1135 visible gold grains, the majority of which were termed ‘pristine’ indicating a
proximal bedrock source for the gold.
Coarse Gold Grains from Justin Project, Lost Ace Zone, Yukon:
https://www.abenresources.com/site/assets/files/4303/abn_justin_jn2018_
coarse_gold_grains.jpg
In addition to the new Lost Ace Zone, several oth er high-priority exploration targets are located
within 1 km of the POW Zone. Defined by geophysics and geochemistry, these targets remain
untested and represent significant potential for expanding the current extent of the intrusion
related gold system.
Table 1 – 2018 Trench Summary Results
Zone Trench Easting Northing Composite Channel Sample Results
Lost Ace TR18-001 4.40 m @ 20.8 g/t gold
Lost Ace TR18-002 1.00 m @ 0.3 g/t gold
Lost Ace TR18-003 1.00 m @ 0.9 g/t gold
Lost Ace TR18-004 No Significant Results
Lost Ace TR18-005 No Significant Results
*True thickness is interpreted to be 50-60% of the sampled interval
Analytical and QA/QC description
All samples were submitted to ALS Minerals in Whitehorse for preparation. Geochemical analysis
was completed at ALS Minerals Laboratory in Vancouver. The following analytical techniques
were used for all rock samples: ME -MS41, Au-AA26 50 g Fire Assay and a select grouping of
samples were further analyzed by a Screen Metallic Fire Assay Method Au -SCR24C. All gold
values reported in the news release are the total gold value provided by the Screen Metallic Fire
Assay Method. The following analytical techniques were used for all soil samples: ME-MS41, Au-
ST43 and Au-AROR43 for all samples > 0.1 ppm Au. The Company’s QAQC measures included
insertion of external blanks and standards into the sample stream for all rock chip/channel
samples. A minimum of one standar d sample and one blank sample were inserted for each
continuous set of trench samples. Additional QAQC samples were added to the sample sequence
at the discretion of the geologist where visible gold was noted in quartz vein material.
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, the Yukon Territory, and Saskatchewan. Aben is a well-funded junior exploration
company with approximately $5.6 million in its treasury and no debt.
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: 604-687-3376
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 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 result s 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 t hat 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.