Aben Drills 7320g/t Ag over 1.07m at Kangas Zone as well as 2.7 g/t Au and 29.0 g/t Ag over 11.3m at POW Zone on Justin Project, Yukon
(Thomson Reuters ONE) -
Aben Resources Ltd. /
Aben Drills 7320g/t Ag over 1.07m at Kangas Zone as well as 2.7 g/t Au and 29.0
g/t Ag over 11.3m at POW Zone on Justin Project, Yukon
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The issuer is solely responsible for the content of this announcement.
Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.abenresources.com
Trading Symbol (TSX-V: ABN), (Frankfurt: E2L) Telephone: (604) 687-3376
Email:info(at)abenresources.com Facsimile : (604) 687-3119
January 10, 2012
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (Frankfurt: E2L) (the
"Company") is pleased to announce additional gold and silver drill results from
its 100% owned, 11,098 acre Justin Project in the southeast Yukon. The Company
recently completed a ten-hole diamond drill program on the property in which a
significant greenfield gold discovery was made in the POW Zone (see November
17, 2011 news release).
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
Highlights:
* Both exploratory holes drilled into POW Zone in 2011 intercepted significant
gold mineralization constituting a new greenfield gold discovery on Aben's
Justin Project in the Yukon.
* The second hole drilled into POW Zone, JN11010, intercepted 11.3 metres of
2.70 g/t Au and 29.00 g/t Ag starting at a vertical depth of 125 metres.
This intercept lies within a larger mineralized zone grading 1.58 g/t Au and
16.00 g/t Ag over 23.0 metres.
* The mineralized intercept in drill hole JN11010 correlates with the upper
zone intercepted in previously reported Hole JN11009 of 60 metres of 1.19
g/t Au.
* Gold mineralization is open in all directions at the POW Zone.
* 2011 Surface samples from POW Zone returned up to 8.97 g/t Au and 84.10 g/t
Ag
* Positive surface sampling results from 2010 and 2011 are located 400 metres
to the east of the new gold discovery in holes JN11009 and JN11010.
* New high grade silver and copper discovery in the Kangas Zone located 1.4 km
south of the POW Zone
* Hole JN11003 intercepted 1.07 metres of 7320 g/t Ag (234 oz/ton Ag) and
3.52% Cu near surface in the Kangas Zone.
* As a result of the new gold, silver, and copper discoveries on the Justin
Project, Aben has acquired 7,058 additional acres around the original
property border which will facilitate an aggressive drill program next
season.
Discussion of POW Zone and the Results from Drill Hole JN11010:
JN11010 returned 23 metres of 1.58 g/t Au and 16.00 g/t Ag and was the second
diamond drill hole to test the recently discovered POW Zone. The hole was
drilled with an azimuth of 250 degrees, an inclination of 60 degrees and to a
total depth of 254.50 metres. It was designed to test the mineralized zone
discovered initially in Hole JN11009 which returned 1.19 g/t Au over 60 metres
(see Nov. 17, 2011 news release). The intercept observed in Hole JN11010
correlates with the upper 5 metre zone grading 1.79 g/t Au in Hole JN11009.
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg
Mineralization within the zone is observed as massive skarn-style replacement of
silty limestone beds, and quartz-calcite stock-work veining. The stock-work
veining observed within the POW Zone parallels a north-northwest trending
structural zone, suggesting that it played an important role in focusing
hydrothermal fluids derived from the intrusion. The geochemical signature and
spatial setting of the mineralized zone further supports an Intrusion Related
Gold Model for the POW Zone.
During the 2011 program on the Justin Project, crew members returned to the POW
Zone to conduct follow up mapping and prospecting. Diamond drilling of the zone
was prompted by two new zones of alteration and mineralization being found 400
metres west of the original POW Zone, which are coincident with one of the
geophysical anomalies outlined in the 2010 airborne survey. In addition to the
two drill holes completed into the POW Zone, rock samples collected during the
2011 program returned values ranging from trace quantities to significant gold
and silver values as high as 8.97 g/t Au and 84.10 g/t Ag, extending the known
limits of the zone. To date, work on the POW Zone has outlined a mineralized
trend approximately 400 metres long and to a depth of 140 metres below surface
coincident with the northern margin of an intrusive stock. The POW Zone is open
in all directions and warrants further exploration.
Plan View of Diamond Drill Holes in POW Zone:
http://www.abenresources.com/i/maps/Justin-Pow-Zone-DDH-plan.jpg
As a result of the new greenfield gold discovery made at the Justin Project this
season, Aben has staked more claims around the property and in particular around
the POW Zone. The Company has recently acquired 7,058 additional acres of
mineral tenure in the immediate vicinity of the project. This new ground will
facilitate an even more aggressive drill program next season.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Discussion of Kangas Zone and the Results from Drill Hole JN11003:
The Kangas Zone is located 1.4 kilometres south of the POW Zone. Three holes
totaling 494.20 metres were drilled from two pads on the Kangas Zone (holes
JN11001, JN11002 and JN11003). Difficult ground conditions hampered drilling
efforts, and target depths were reached on only one of the three holes. A new
high grade silver-copper zone was intercepted in Hole JN11003 which was the only
hole to intersect significant mineralization despite being abandoned within the
contact of a fault zone. A 1.07 metre interval within the contact zone of the
fault returned values of 7320 g/t Ag (234 oz/ton Ag) and 3.52% Cu at a down-hole
depth of 42.23 metres. Sample recovery over the interval was only 15%, and
therefore results may not reflect the true thickness or tenor of the
mineralization. The hole was terminated within the mineralized interval due to
extremely poor ground conditions. This newly discovered silver-copper zone is
open along strike and follow-up drilling will be conducted next season to
further delineate this high grade zone.
The Kangas Zone represents a north-south trending zone of skarn and replacement
style mineralization within siltstone, calcareous siltstone and minor limestone
located along the north flank of the central ridge of the Justin property.
Ground sample values up to 1.6 g/t Au over 1.5 metres and 1.2 g/t Au over 1.0
metre were returned from replacement style arsenopyrite horizons. Mineralization
has been traced along a 400 metre by 75 metre north-south extending zone.
Discussion of Main Zone:
The Main Zone is located 2.4 kilometres south of the POW Zone. Three holes
totaling 520.20 metres were drilled from one pad testing the Main Zone skarn and
porphyry dikes (holes JN11004, JN11005 and JN11006). The primary target for the
program was trench SN97-2 which returned historic values of 2.38 g/t Au over
22.5 metres. 2011 drilling returned anomalous gold and copper values from the
calc-silicate skarn adjacent to porphyry dikes. Further exploration of this zone
is warranted.
Discussion of Confluence Zone:
The Confluence Zone is located 3.3 kilometres southwest of the POW Zone. Two
holes, JN11007 and JN11008, totaling 461.00 metres were drilled from one pad in
order to test trench SN97-3 which returned 4.24 g/t Au over 4.5 metres. Low-
grade gold mineralization was intercepted in both holes confirming historic
grades, and proving that the mineralized structures extend to a depth of 115.00
metres below surface. The gold mineralization is structurally controlled and
occurs in zones of quartz-sulphide veining and brecciation.
Cross Section of Confluence Zone Drill Holes JN11007 and JN11008:
http://www.abenresources.com/i/maps/ABN-Confluence-Zone-Section.jpg
Significant Intercepts from 2011 Drill Program on the Justin Project:
+------------+--------------+--------+------+----------+-------+--------+------+
| Zone | Drill Hole |From (m)|To (m)| Interval | Au |Ag (g/t)|Cu (%)|
| | | | | (m) | (g/t) | | |
+------------+--------------+--------+------+----------+-------+--------+------+
| | JN11001 | | | NSV | | | |
| +--------------+--------+------+----------+-------+--------+------+
| | JN11002 | 25.00 |26.00 | 1.00 | 0.00 | 31.00 | |
| +--------------+--------+------+----------+-------+--------+------+
|Kangas Zone | JN11003** | 41.23 |43.30 | 2.07 | 0.67 |3830.00 | 1.88 |
| +--------------+--------+------+----------+-------+--------+------+
| | including** | 42.23 |43.30 | 1.07 | 1.11 |7320.00 | 3.52 |
+------------+--------------+--------+------+----------+-------+--------+------+
| | JN11004 | 151.30 |152.00| 1.00 | 0.52 | | |
| +--------------+--------+------+----------+-------+--------+------+
| Main Zone | JN11005 | 22.00 |23.00 | 1.00 | 0.71 | | 0.21 |
| +--------------+--------+------+----------+-------+--------+------+
| | JN11006 | 9.70 |11.85 | 2.15 | 0.65 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 11.60 |11.85 | 0.25 | 5.37 | 7.00 | |
+------------+--------------+--------+------+----------+-------+--------+------+
| | JN11007 | 166.60 |176.00| 9.40 | 0.76 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 166.60 |168.00| 1.40 | 2.46 | 7.00 | |
| Confluence +--------------+--------+------+----------+-------+--------+------+
| Zone | JN11008 | 53.20 |58.80 | 5.60 | 0.76 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | JN11008 | 154.00 |175.50| 21.50 | 0.38 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 154.00 |158.60| 4.60 | 1.15 | | |
+------------+--------------+--------+------+----------+-------+--------+------+
| | JN11009 | 158.00 |218.00| 60.00 | 1.19 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 158.00 |163.00| 5.00 | 1.79 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | also | | | | | | |
| | including | 159.05 |159.55| 0.50 | 9.77 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | and | 184.00 |205.00| 21.00 | 2.47 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 198.00 |203.85| 5.85 | 5.12 | | |
| +--------------+--------+------+----------+-------+--------+------+
| POW Zone | JN11010 | 149.00 |172.00| 23.00 | 1.58 | 16.00 | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 158.00 |169.30| 11.30 | 2.70 | 29.00 | |
| +--------------+--------+------+----------+-------+--------+------+
| | also | | | | | | |
| | including | 167.00 |169.30| 2.30 | 3.73 | 59.00 | |
| +--------------+--------+------+----------+-------+--------+------+
| | JN11010 | 194.00 |206.00| 12.00 | 0.44 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | including | 195.00 |196.00| 1.00 | 1.06 | | |
| +--------------+--------+------+----------+-------+--------+------+
| | and | 199.00 |206.00| 7.00 | 0.52 | | |
+------------+--------------+--------+------+----------+-------+--------+------+
* g/t = grams per metric tonne
* Au intercepts were calculated using a 0.1 g/t Au cut-off grade.
* The reported results above are down hole interval lengths; true widths for the
mineralized intercepts are not yet known.
* NSV = no significant values
** Sample recovery over the JN11003 interval was 14.75% so results may not
reflect the true thickness or tenor of mineralization. The hole was abandoned at
a depth of 43.38 metres due to very poor ground conditions.
Justin Gold Project Previous Exploration Map:
http://www.abenresources.com/i/maps/Justin-Map3.jpg
Aben engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects
of the 2011 exploration and drilling programs on the Company's Yukon and NWT
projects. TerraLogic has been operating mineral exploration projects in North
America since 1992 and has extensive experience up in the Yukon and NWT. Through
TerraLogic, Aben arranged for field crews, support staff, camps, supplies,
helicopters and drill rigs to conduct the exploration carried out this year.
Quality Assurance and Qualified Person:
Drill core analysis and assaying was conducted by ALS Minerals Canada in
Vancouver, B.C. The drill core was split and sampled in sample intervals ranging
from 0.1 to 3.5 metres. All core samples were analyzed by aqua regia 35 element
ICP-AES and for gold by 30-gm fire assay with AA finish. Gravimetric fire assay
for samples measuring greater than 10,000 ppb Au and measuring greater than
1500 ppm Ag. Ore grade copper concentrations were determined using ICP-AES for
samples measuring greater than 10,000 ppm. The Company has implemented a quality
assurance and quality control program to ensure that the sampling and analysis
of all samples is conducted in accordance with the best possible practices.
Tim J. Termuende, P.Geo., is the Qualified Person for Aben Resources as defined
by National Instrument 43-101 and has reviewed and approved the technical
information in this release.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company developing
properties in the Yukon and Northwest Territories.
Aben's Yukon and NWT Properties Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company's
web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Jordan Trimble
Aben Resources Ltd.
Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email:info(at)abenresources.com
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 news release may contain certain "Forward-Looking Statements" that may
involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. For a more detailed
discussion of such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available on www.sedar.com.
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originality of the information contained therein.
Source: Aben Resources Ltd. via Thomson Reuters ONE
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Datum: 10.01.2012 - 09:30 Uhr
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"Aben Drills 7320g/t Ag over 1.07m at Kangas Zone as well as 2.7 g/t Au and 29.0 g/t Ag over 11.3m at POW Zone on Justin Project, Yukon"
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