Aben Resources Ltd. : Aben Resources Completes 2011 Exploration Programs in Yukon and NWT
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Aben Resources Ltd. /
Aben Resources Ltd. : Aben Resources Completes 2011 Exploration Programs in
Yukon and NWT
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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
October 27, 2011
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (FWB: E2L) (the "Company") is
pleased to provide an update on its Selwyn Recce and Justin Gold Projects in the
Yukon and the Northwest Territories (NWT).
Aben's Yukon and NWT Properties Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
Field crews completed a very large scale regional reconnaissance program on the
Company's Selwyn Recce Gold Project that included geological mapping, regional
prospecting, geochemical surveys and geophysical surveys. Eighteen high priority
targets had previously been identified to form the focus of the project's 2011
exploration efforts. The bulk of the field work was carried out on the high
priority targets with many thousands of samples having been collected including:
* 7368 soil samples
* 681 rock samples
* 668 silt samples
* 14 heavy mineral bulk samples
* 51 petrographic analysis samples
The Company has received about 75% of the analytical results from the field work
carried out on the Selwyn Recce Project this season. As Aben waits for the
remaining results to come in, all of the obtained data is currently being
imported into a database to allow for geological interpretation and analysis.
Once all of the results and data have been imputed into the database and
analyzed, the Company's geologists will make final conclusions and
recommendations in preparation for next season's work programs on the
project. Aben expects this technical geological report to be completed by mid-
December with subsequent news releases to follow.
Aben's NWT Selwyn Recce Prospecting Permits:
http://www.abenresources.com/i/maps/ABN-NWT-Prospecting-Permits.jpg
As a result of the proprietary database acquired earlier this year and the
extensive exploration work carried out this season, the Company has been very
aggressive in staking land in the Selwyn Recce area. In total an additional
147,404 acres of highly prospective ground in the NWT and the Yukon was staked
by Aben in the region.
The Selwyn Recce Project is comprised of the previously announced NWT Permits
totaling 426,821 acres of ground (see news release dated Feb. 14, 2011) as well
as additional land that was staked this season 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.
Update on the Justin Gold Project, Yukon
Aben recently completed its phase one, ten hole diamond drill program on its
100% owned 4,414 acre Justin Gold Project located within 10 kilometres of
Northern Tiger's (TSX-V: NTR) 3Ace Gold Project. The assay results are still
pending for the ten holes and are expected to be received within the next few
weeks. The majority of the drilling was conducted on zones that have never
before been tested by diamond drilling. Encouraging mineralization was noted in
most of the holes.
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. The
Company's budget for its 2011 exploration programs on its properties was
approximately $5 million.
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. The Company is well funded
with approximately $3 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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originality of the information contained therein.
Source: Aben Resources Ltd. via Thomson Reuters ONE
[HUG#1558396]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 80855
Anzahl Zeichen: 7666
contact information:
Town:
Vancouver
Kategorie:
Business News
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