Aben Expands Current Diamond Drill Program at Forrest Kerr Gold Project, Golden Triangle, British Columbia
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, Aug. 24, 2017 (GLOBE NEWSWIRE) -- Aben Resources
Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the "Company") is pleased to
announce it will be expanding its current drill program from 2,100 metres to
2,500 metres at its 23,000 hectare Forrest Kerr Gold Property located in North
Western British Columbia's Golden Triangle region. The expanded drill program
will include drill holes testing the Boundary Zones to confirm and extend the
high grade gold mineralization discovered in historical drilling. Drilling
conducted in the early 1990's and 2000's at this zone returned some of the
highest grades on the Forrest Kerr Property and the Company feels there is the
potential for the expansion of the known zone based on recent data compilation,
structural geological interpretation and additional field reconnaissance work.
Golden Triangle Claims Map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Jim Pettit, President and CEO of Aben, states: "Thus far we are very pleased
with the progress of this first-pass drill program at our Forrest Kerr Project
in the prolific Golden Triangle. As a result, we have decided to expand the
drill program at the main target area. Recent drill discoveries by Pretium, GT
Gold, Colorado Resources and others illustrate the significant discovery upside
remaining in the district and we are confident in the potential at Forrest Kerr
given the known high-grade gold mineralization present there which we are
currently testing in this drill program."
Historical drilling results at the Forrest Kerr Project have ranged from trace
values to several high-grade intercepts such as 9.97 g/t gold over 29.3 metres,
including 125 g/t Au over 0.8 metres and 91 g/t Au over 1.9 metres, in hole
RG91-21 in the Carcass Creek Zone as well as 33.4 g/t gold over 11 metres,
including 326 g/t over 0.5 metres, in hole RG91-16 in the Boundary Zone. This
high grade mineralization is within 200 metres vertical depth from surface and
the Carcass and Boundary Zones are approx. 4 kilometres apart leaving robust
discovery potential along strike, at depth and at other regional targets on the
property.
Aben's Forrest Kerr Project Map:
http://www.abenresources.com/i/maps/FK-007.jpg
The historical drill holes at the two main target areas, the Carcass and
Boundary Zones, were drilled decades ago with limited follow up work due to
limited accessibility, high drilling costs, and a less comprehensive
understanding of the geology. Since then, major infrastructure improvements have
been made including the Galore Creek access road on the north end of the
property as well as roads and powerlines on the south end of the property where
hydroelectric facilities have been built in recent years which have helped bring
the drilling costs down. In addition, rapid glacial retreats over the past 25
years have exposed extensive new areas of outcrop exposure in this highly
prospective region. Aben's technical team has spent over a year analyzing and
reinterpreting the historical exploration and geological data with the help of
structural geologists to gain a stronger understanding of the existing targets
and high-grade gold mineralization at the project.
Field based exploration activities have been underway earlier this season at
Forrest Kerr where crews completed soil geochemical sampling, ground-truthed
historical data and evaluated mineralization potential on a property-wide basis.
Focus was placed on those areas containing historical high-grade precious and
base-metal occurrences. There are also more conceptual targets to be tested
south of the Boundary Zone where there are areas of outcrop with multiple shear
zones and abundant sulfides with surface samples returning gold grades ranging
from trace values to 3 - 5 g/t Au.
*Note: Aben has not been able to independently verify the methodology and
results from historical work programs within the property boundaries. However,
management believes that the historical work programs have been conducted in a
professional manner and the quality of data and information produced from them
are relevant. In addition, management cautions that past results or discoveries
on proximate land are not necessarily indicative of the results that may be
achieved on the Forrest Kerr property.
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.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in
British Columbia's Golden Triangle, the Yukon, and Saskatchewan. Aben's flagship
Forrest Kerr Gold Project is located in the Golden Triangle of BC where the
Company currently owns certain mineral tenures outright and has agreements in
place with various third-parties whereby it has the exclusive right to a 100%
interest in the 23,000-hectare property area.
For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company's
web site at www.abenresources.com.
Aben Resources has approx. 50.0 million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
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: 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: 24.08.2017 - 09:05 Uhr
Sprache: Deutsch
News-ID 557671
Anzahl Zeichen: 8270
contact information:
Town:
Vancouver
Kategorie:
Business News
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"Aben Expands Current Diamond Drill Program at Forrest Kerr Gold Project, Golden Triangle, British Columbia"
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