Aben Resources Announces Analytical Results from Sampling at Forrest Kerr Gold Project in B.C.'s Golden Triangle
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, Nov. 10, 2016 (GLOBE NEWSWIRE) -- Aben Resources
Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) ("Aben" or the "Company") is
pleased to provide a summary of analytical results from the September 2016
surface sampling program at the Company's 23,000 hectare Forrest Kerr Project,
located within B.C.'s prolific Golden Triangle region.
B.C.'s Golden Triangle map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
A total of 362 soil, 35 rock and 11 stream-sediment samples were collected
between September 8--19, 2016 and transported to AGAT Labs for multi-element
analysis. Samples were sourced from various mineralized zones throughout the
Forrest Kerr claim package with a focus on areas that will promote a greater
understanding and help define existing mineralization patterns in advance of a
planned drill program in 2017.
Rock samples were sourced from both outcrop and talus from various areas across
the Forrest Kerr Property and showed a range of values from 0.002 to 48.1 g/t
gold (0.00006 to 1.4 oz/ton gold).
Several rock grab samples were collected from two distinct zones located in the
northern portion of the claim block. Samples from the Wedge zone returned high
base- and precious-metal values over a strike length exceeding 2 kilometers. The
results confirmed historically reported values from drilling and surface
sampling in this area. At the Boundary Zone, rock samples taken from subcrop in
the vicinity of diamond drill hole RG91-16 (73 g/t gold (2.15 oz/ton gold),
14.7g/t silver (0.43 oz/ton silver), 0.32% copper over 3.7m) showed
correspondingly strong gold and copper mineralization (Sample 6632019). The
prime objective of the rock sampling program was to both confirm previously
reported mineralization and to provide further information about the association
of base- and precious-metal mineralization with recognised alteration
assemblages. The table below shows assay results from select rock samples.
+-------+---------+----------+----------+--------+---------+------+------+------+
| Sample| Easting | Northing | Area | Au | Au | Cu | Pb | Zn |
| # | | | |(g/ton) |(oz/ton) | (%) | (%) | (%) |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632018| 400035 | 6310931 | Boundary | 0.249 | 0.007 |25.200|0.0025|0.024 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632019| 400031 | 6310940 | Boundary | 9.660 | 0.282 |14.500|0.027 |0.036 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632021| 399961 | 6311090 | Boundary | 0.005 | 0.00015 |0.039 |0.011 |0.024 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632010| 400246 | 6317737 | S.Wedge | 41.30 | 1.205 |0.165 |0.987 |0.842 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632026| 399883 | 6318949 | Wedge | 48.10 | 1.403 |1.120 |0.609 |9.570 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632029| 399926 | 6319104 | Wedge | 11.90 | 0.347 |0.512 |0.599 |10.300|
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632030| 399889 | 6319238 | Wedge | 1.71 | 0.050 |0.645 |1.780 |5.700 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632031| 399911 | 6319408 | Wedge | 2.00 | 0.058 |1.560 |0.087 |0.657 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632033| 399967 | 6319487 | Wedge | 18.10 | 0.528 |1.270 |0.190 |0.021 |
+-------+---------+----------+----------+--------+---------+------+------+------+
|6632034| 399970 | 6319490 | Wedge | 1.67 | 0.049 |0.368 |0.189 |0.124 |
+-------+---------+----------+----------+--------+---------+------+------+------+
Soil geochemical surveys were completed on six separate grids located adjacent
to known mineralized zones in order to test for potential extensions of existing
soil anomalies and assess their continuity across mapped geologic structures.
The results successfully show an increase in the areal extent of anomalous
levels of gold, copper, lead and zinc in soil while also better delineating the
location of controlling structures. The soil data will be added to Aben's
existing database of more than 18,000 property-wide soil samples and evaluated
as a whole going forward. Eleven stream-sediment samples were taken from a
drainage on the Beauty 10 claim, which is located 2.5 kilometers east of the
main Aben land package in an area considered highly prospective for silver
mineralization. The assay results from the 11 silt samples show consistently
elevated levels of zinc. Analytical results for silver (Ag) have not yet been
received.
The Forrest Kerr Gold Project is located in the heart of the Golden Triangle of
British Columbia and is considered to hold significant potential for precious
metal mineralization. Numerous mineralized occurrences are documented throughout
the project area and sound, systematic fieldwork conducted from the late 1980's
to the mid 2000's provide a solid framework for ongoing fieldwork. With little
activity in the area during the past decade, the area is ripe for modern
exploration techniques. The area has recently seen major infrastructure
improvements including roads and hydro-electric facilities. In addition, rapid
melting rates of glaciers in parts of the property area are expected to provide
new exposures in areas that were inaccessible during previous exploration
campaigns.
The Golden Triangle is host to significant mineral deposits including Galore
Creek, Copper Canyon, Schaft Creek, Valley of the Kings, Snowfield, KSM, Snip,
Granduc, Red-Chris and numerous others.
Aben's Forrest Kerr land package is located along the Forrest Kerr Fault,
immediately north of the Iskut River and southward of More Creek, with recent
hydro-electric power and road access afforded to the northern and southern areas
of the property. The claims consist of a 40km-long, north-south belt overlying
rocks of the Hazelton and Stuhini Groups, a complex assemblage of volcanic
accumulations with intervening sedimentary sequences which are host to numerous
significant gold deposits in B.C.'s Golden Triangle area.
Forrest Kerr project, B.C., Golden Triangle claims map:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
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.
Quality Control and Quality Assurance:
All samples were sealed and delivered to AGAT Laboratories preparation facility
in Terrace, B.C. by Aben personnel. Multi-element analysis was completed by
hydrogen peroxide fusion with an ICP-OES finish, while each sample was fire-
assayed for gold with an ICP-OES finish. In addition to the in-house QA/QC
performed by AGAT on 10% of the samples, four field blanks and one duplicate
sample were inserted into the sample stream by Aben personnel. All QA/QC samples
returned values well within acceptable parameters.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in
British Columbia, the Yukon and North West Territories.
For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company's
web site at www.abenresources.com.
Aben Resources has approx. 30 million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
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 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 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, 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
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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aben Resources Ltd via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2016 - 20:00 Uhr
Sprache: Deutsch
News-ID 506401
Anzahl Zeichen: 10969
contact information:
Town:
Vancouver
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Aben Resources Announces Analytical Results from Sampling at Forrest Kerr Gold Project in B.C.'s Golden Triangle"
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).
