Aben Announces 2012 Exploration and Drilling Plans for Justin Gold Project, Yukon
(Thomson Reuters ONE) -
Aben Resources Ltd. /
Aben Announces 2012 Exploration and Drilling Plans for Justin Gold Project,
Yukon
. Processed and transmitted by Thomson Reuters ONE.
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
NEWS RELEASE
March 29, 2012
Aben Announces 2012 Exploration and Drilling Plans for Justin Gold Project,
Yukon
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (OTC Pink: ABNAF) (the
"Company") is pleased to outline the planned 2012 exploration and drilling
program for its 100% owned, 18,314 acre flagship Justin Gold Project. The
property is located in the southeast Yukon on the Tintina Gold Belt
approximately 35 kilometres southeast of the Cantung Mine and has an all season
road running through its claims.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
The aggressive 2012 exploration and drilling program will consist of a planned
4,000 metres of diamond drilling in 15-20 holes focused on follow-up and
expansion work around the newly discovered POW and Kangas Zones. The exploration
program will also include additional geophysical and geochemical surveys as well
as geological mapping.
Last year, a first-pass drill program consisting of ten drill holes was
completed on the Justin Project in 2011 to test four different mineralized
zones. The previously reported drill hole results from the 2011 program
indicated that significant new greenfields gold and silver discoveries have been
made in two areas on the property. Highlights include 60.00 metres of 1.19 g/t
gold including 21.0 metres of 2.47 g/t gold as well as 11.3 metres of 2.70 g/t
gold and 29.00 g/t silver in the POW Zone. Additionally, a 1.07 metre interval
of 7320 g/t Ag (234 oz/ton Ag) and 3.52% Cu was intercepted at the Kangas Zone
which is 1.4 kilometres south of the POW Zone.
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg
2012 Justin Project Drill Program:
Aben plans to commence a 4,000 metre diamond drill program in early June on the
Justin Gold Project and permitting for the program is currently underway. The
primary targets for the drill program are the POW and Kangas Zones with the
majority of the drilling to be carried out at the POW Zone. The principal
objective of the drilling is to further test the gold and silver mineralization
discovered at the POW Zone and to follow-up on the high grade silver and copper
mineralization discovered at the Kangas Zone.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Both drill holes at the POW Zone last season were successful in intercepting
strong gold mineralization at vertical depths of 115 metres to 125 metres and
the zone is open in all directions. Multi-phase precious metal mineralization is
present in the POW Zone including massive skarn replacement style mineralization
and structurally controlled stockwork vein hosted mineralization. Both phases of
mineralization display geochemical affinity to an Intrusion Related Gold Model
and indicate that the mineralizing system was long-lived. The size of the
porphyry dikes present on the property and their spatial distribution indicate
that a multi-kilometric intrusive stock could be present. The Company plans on
testing for the potential of a large mineralized system at the Justin Project
with the 2012 drill program. Specifically, the Company plans on initial
expansion drilling around the 2011 discovery holes at the POW Zone followed by
exploratory drilling of large untested geophysical anomalies proximal to the
discovery zone which are considered high-priority drill targets. 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, which will also be drill
tested.
Justin Project 3D Geophysical Mag Survey:
http://www.abenresources.com/i/maps/Justin_Project_3D_Geophysical_Mag_Survey.jpg
The Kangas Zone will also see drilling to follow up on the 2011 discovery of
high grade silver and copper mineralization. This newly discovered silver-copper
zone in previously reported hole JN11003 is open along strike and Aben plans to
test the potential strike extension of this zone in 2012. Difficult ground
conditions hampered the 2011 drilling efforts at the Kangas Zone, and target
depths were reached on only one of the three holes that were drilled last year.
The sample recovery over the interval in hole JN11003 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
poor ground conditions and Aben plans to test for a potentially longer true
width of this zone in the 2012 drill program.
Upon analyzing the results and data from last year's field work, Aben's
management and geological team have a much better understanding of the discovery
zones which will lead to a more structured and focused drill plan in 2012. The
Company anticipates a total of 15-20 drill holes in the 2012 drill program at
the POW and Kangas Zones compared to a total of five last season, two of which
were lost due to poor ground conditions.
2012 Justin Project Additional Exploration:
In addition to the diamond drill program, Aben is planning on conducting further
silt and soil geochemical surveys, compiling recently acquired geophysical data,
and completing both detailed and property-scale geological mapping.
As a result of the Company's greenfields gold-silver-copper discoveries at the
Justin Project, Aben has recently acquired 14,274 additional acres of mineral
tenure in the immediate vicinity of the property to facilitate the more
aggressive 2012 work program. The planned geophysical work will consist of a
magnetic and an electromagnetics survey to infill new areas of property not
covered by the previous airborne survey. The 2012 silting program will focus on
creeks and drainages in the areas of newly acquired land tenures while the soil
sampling program will focus on expanding the existing soil grid north and west
of the POW Zone. Furthermore, detailed property scale mapping will focus on
verifying and expanding on the current geological understanding of the property
with the POW and Kangas Zones being key areas of interest. The information
gathered in the field will guide drilling activities and will be used to build a
3-dimensional bedrock model of the Justin property.
Justin Project Camp and TerraLogic Exploration:
A seasonal, 20-man exploration camp will be constructed adjacent to the Nahanni
Range Road on the Justin property, and will service all exploration activities.
The camp will be winterized upon completion of the 2012 field activities.
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all
aspects of the 2012 exploration and drilling programs on the Company's Yukon
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 has arranged for field crews, support staff, camps, supplies,
helicopters and drill rigs to conduct the exploration to be carried out this
year.
Qualified Person:
Tim J. Termuende, P.Geo., is a director and 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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aben Resources Ltd. via Thomson Reuters ONE
[HUG#1598143]
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2012 - 15:02 Uhr
Sprache: Deutsch
News-ID 129956
Anzahl Zeichen: 11247
contact information:
Town:
Vancouver
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 313 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Aben Announces 2012 Exploration and Drilling Plans for Justin Gold Project, Yukon"
steht unter der journalistisch-redaktionellen Verantwortung von
Aben Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
