Aben Resources Announces Drill Programs & Exploration Update
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Aben Resources Ltd. /
Aben Resources Announces Drill Programs & Exploration Update
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Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.abenresources.com
Trading Symbol (TSX-V: ABN), (Frankfurt: E2L)
Email: info(at)abenresources.com
July 27, 2011
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (FWB: E2L) (the "Company") is
pleased to announce an update on its ongoing exploration programs in the Yukon
and Northwest Territories (NWT) projects.
Aben's Yukon and NWT Properties Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
Justin Gold Project, Yukon
A 2000 metre diamond drill program is planned to commence at Aben's 100% owned,
4,114 acre Justin Gold project on August 8(th), 2011. Located within 10
kilometres of Northern Tiger's (TSX-V: NTR) 3Ace gold project, the Justin
project has the potential to host significant epithermal, skarn and sediment
hosted gold mineralization. Historic work on the property has exhibited this
potential with grab samples returning up to 59 g/t Au and a continuous chip
sample returning 2.38 g/t Au over 22.5 metres. Channel sampling in 2010 again
encountered significant gold mineralization including 1.4 g/t Au over 11 metres
and 2.07 g/t Au over 7 metres.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
The 2011 activities represent the first serious drilling campaign on the project
since a small four hole program was completed on the "Main Zone" in the mid-
1980's. The majority of the drilling will be conducted on new zones that have
never before been tested by diamond drilling.
Rusty Springs Silver-Base Metal Project, Yukon
The initial phase of the 2011 field work has now been completed at the 2,718
acre Rusty Springs project. Phase 1 work included refurbishing the project's
airstrip, structural mapping and a review of the historic drill core from the
property. Past drilling highlights from the property include 1,140 g/t (33.27
oz/t) silver, 2.30% copper and 4.72% lead over 37.5 metres (123 feet) from
surface to a depth of 37.5 metres.
An 1800 line kilometre high resolution, heli-borne magnetic survey is planned
for the project. An updated schedule has the survey commencing mid-August with a
diamond drill program to follow.
Aben is earning a 100% interest in the Rusty Springs Property from Eagle Plains
Resources Ltd. (TSX-V: EPL). The property is located north of Dawson City,
Yukon.
Selwyn Recce Gold-Base Metal Project - Northwest Territories (NWT)
Aben's Selwyn Recce project is comprised of the previously announced NWT Permits
totaling 426,821 acres of highly prospective ground (see news release dated Feb.
14, 2011) as well as additional land currently being staked in the Yukon and NWT
directly east of ATAC Resources' (TSX-V: ATC) Rau and Osiris gold zones. The
area has garnered considerable attention recently with the discovery of Carlin-
style mineralization in the Yukon at ATAC Resources' Osiris gold zone. Aben's
permits and newly staked claims cover prospective targets with both Carlin-style
stratigraphy and promising geochemical signatures. In addition to being
prospective for the presence of Carlin-type gold deposits, the permits and
claims have the potential to host carbonate and sedimentary-exhalative ("sedex")
style silver-lead-zinc deposits as well as sediment-hosted copper deposits.
Aben's NWT Selwyn Recce Prospecting Permits:
http://www.abenresources.com/i/maps/ABN-NWT-Prospecting-Permits.jpg
Eighteen high priority targets have been identified to date on the Selwyn Recce
project which will be the focus of the 2011 exploration efforts. These targets
were identified as a result of Aben's recently acquired proprietary geochemical
database, with an estimated replacement cost of over $2.5 million. All in all,
this has allowed the Company to advance the Selwyn Recce Project by at least a
year in terms of the time required to identify these targets.
Field crews have been carrying out a very large scale regional reconnaissance
program that includes geological mapping, regional prospecting and geochemical
surveys. To date, a lot of ground has been covered with seven targets having
been assessed already while another eleven high-priority targets have yet to be
investigated. Geochemical results are still pending on all the samples taken and
should start being returned within the next couple of weeks.
A geophysical survey, consisting of airborne helicopter magnetics, will be
completed over the most prospective target to help identify mineralization
controlling structures and/or suspected buried intrusions. The airborne
geophysical crew will be arriving on July 25(th) with the survey expected to
last between 8-11 days depending on the weather.
Aben has 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 has arranged for field crews, support staff, camps,
supplies, helicopters and drill rigs to conduct the exploration planned for this
year. The Company's estimated budget for its exploration programs on its
properties this summer is approximately $5 million.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company developing
properties in the Yukon and Northwest Territories. The Company is well funded
with over $6 million in its treasury.
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:
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 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
--- End of Message ---
Aben Resources Ltd.
Suite 2230 - 885 West Georgia Street Vancouver Canada
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
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Source: Aben Resources Ltd. via Thomson Reuters ONE
[HUG#1533621]
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2011 - 10:01 Uhr
Sprache: Deutsch
News-ID 56754
Anzahl Zeichen: 8644
contact information:
Town:
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Kategorie:
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