December 13h, 2017 Aben Resources Expands Known Mineralization With New Gold-bearing Vein System at the Justin Gold Project, 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
December 13h, 2017
Aben Resources Expands Known Mineralization With New Gold-bearing Vein
System at the Justin Gold Project, Yukon Territory
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to provide a summary of exploration results from field work carried
out in August 2017 on the 100% owned 18,314 acre Justin Gold Project in southeast Yukon.
Highlights include the discovery of a new gold-bearing vein system (Lost Ace) that returned 4.77
g/T (grams/tonne) Au over 1.0 metre. The new Lost Ace zone is located 2 kilometres along strike
from the POW Zone, an area that has previously returned drilled intercepts of 1.19 g/T Au over
60 m (including 2.47 g/T Au over 21 m) and 1.49 g/T Au over 46.4 m.
Work completed during the 2017 exploration program included the collection of 21 channel and 3
chip samples from 4 trenches in addition to 13 rock samples, 2 silt samples, 1 bulk soil sample
for gold grain analysis and 380 soil samples with coverage totaling 16.8 line -km. The program
was focused on two areas, the Lost Ace Zone and the Confluence Zone, whe re previous
exploration by the Company has revealed the potential for intrusion-related and/or orogenic gold
mineralization at surface. In addition to the newly discovered areas there are several high-priority
exploration targets defined by geochemical and geophysical anomalies that remain untested by
drilling.
Justin Gold Project, Yukon location map:
http://www.abenresources.com/site/assets/files/4303/justin_location.jpg
Four trenches were completed in a newly discovered area of stockwork quartz veining that is
proximal to a 2014 soil sample which returned 2.4 g/T Au. Assays from the 2017 trenching
program returned encouraging results from a zone of quartz-carbonate stockwork veining hosted
within coarse-grained clastic metasedimentary rocks of the Hyland Group. TR17 -004 returned
1.44 g/T Au over 5.00 m true thickness, including 2.11 g/T Au over 3.85 m true thickness and
4.77 g/T Au over 1.0 m . The gold-bearing vein system occurs in the hanging wall of a contact
zone between a coarse grained gritty sandstone and phyllite, a geologic setting that is very similar
to mineralization present on Golden Predators 3 Ace Project located immediately NW of the Justin
claim group.
A bulk soil sample was collected and sent for gold grain count analysis and classification from a
location 115 meters upslope from the Lost Ace Zone. The 3.8 kg sample returned a total of 1135
visible gold grains , which is considered highly anomalous. Of the 1135 gold grains recovered,
1049 gold grains were classified as pristine suggesting that they are within 100 m of the lode
source. The proximity o f the bulk soil sample containing native gold to the gold -bearing vein
system indicates the potential fertility of the structure. The C ompany is strongly encouraged by
these results and plans to send several historic sample pulps for similar analysis to ga in further
understanding of the new discovery in order that follow-up exploration in 2018 continues to build
upon the recent success.
Analytical and QA/QC description
All samples were submitted to ALS Minerals (“ALS”) in Whitehorse, Yukon for sample preparation.
Geochemical analyses were completed at the ALS facility in Vancouver, British Columbia. The
following analytical techniques were used for all samples: ME -ICP41, Au-AA23 30 g Fire Assay
and Au-SCR21 30 g Metallic Fire Assay. The Company’s QAQC measures included insertion of
external blanks and standards into the sample stream for all rock chip and channel samples. A
minimum of one standard and one blank sample was inserted for each trench. In addition, the
lab was instructed to wet -sieve each s ample prior to sample preparation in order to minimize
contamination from overlying gravels.
A bulk soil/till sample was submitted to Overburden Drilling Management in Ottawa, Ontario and
was processed via heavy liquid separation and micro -panning to count visible gold grains and
estimate metallic mineral abundances.
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 53.2 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.
______________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Investor Relations
Telephone: 604-639-3851
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 guarantees of future performan ce, 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, sho uld 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 o r business conditions. Please see the
public filings of the Company at www.sedar.com for further information.