VANCOUVER, British Columbia, Aug.
23, 2018 (GLOBE NEWSWIRE) -- Aben Resources Ltd.
(TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the "Company") is
pleased to provide an update on its exploration drill program
currently underway at the Forrest Kerr Property in BC's Golden
Triangle. The Company has intersected mineralization 1.5km south of
the North Boundary Zone in a newly discovered area called the South
Boundary Zone. Aben has now completed 4,850 meters of drilling in
16 holes at Forrest Kerr in 2018. The majority of drilling has
taken place at the North Boundary area where high-grade precious
and base metal mineralization was discovered in 2017 drill holes as
well as in the first reported drill hole of 2018 (see news release
dated August 9th, 2018). The
ongoing drill program has been expanded and will continue well into
the Fall.
Golden
Triangle, B.C., claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Of the sixteen holes, three holes
(1,150m) have been completed on the southwest side of the valley at
the "South Boundary" target, located 1.5km south of the strong gold
and copper mineralization intersected at the North Boundary Zone.
Drilling in this area targeted a prominent soil geochemical anomaly
(Au, Cu) that trends southward over 2km. These three holes
represent the first ever drill-holes collared in this target and
have intersected numerous broad horizons of quartz-sulfide veins
containing abundant pyrite and copper (chalcopyrite)
mineralization. The mineralized veins are hosted within a package
of Hazelton Group volcanic rock that display moderate to strong
silica-sericite alteration with a variable chlorite and potassic
alteration component. This combination of sulfide mineralization
and alteration has been indicative toward the potential for
associated precious metal values throughout the 4km x 2km Boundary
Zone. Assay results for South Boundary and North Boundary drilling
are pending and will be reported once they have been received,
compiled and interpreted. The target at the South Boundary Zone is
an area of interest due to the elevated gold in rock and soil
values that are coincident with an historic electromagnetic ("EM")
conductive geophysical anomaly. Aben is highly encouraged that the
mineral potential of the Forrest Kerr property has been greatly
expanded through drilling at the newly discovered South Boundary
Zone.
Boundary Area
Soil Geochemical map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg
Jim Pettit, President and CEO of
Aben Resources stated, " This new discovery of mineralization 1.5km
south of the North Boundary Zone is a major development for the
Company and further highlights the robust discovery potential at
the Forrest Kerr Project. The mineralizing system at the property
is apparently widespread and well-developed with high-grade
mineralization being discovered at shallow depths over a large
area. We believe we have only just scratched the surface at the
newly discovered North and South Boundary Zones and an expanded
drill program is currently underway with assays pending for most of
the holes drilled to date."
First Drill
Hole in 2018 Season (FK18-10):
As previously reported in the
August 9th, 2018 news
release, the first drill hole of Aben's 2018 drill season
intersected four separate high-grade zones. The best high-grade
interval consisted of 331.0 g/t Au over 1.0m, within a broad zone
averaging 38.7 g/t Au over 10.0m from 114.0-124.0m, including 62.4
g/t gold over 6.0m (true thicknesses undetermined). The other
intervals included: 22.01 g/t Au, 22.38 g/t Ag over 4.0m from 84.0
to 88.0m; 3.94 g/t Au, 3.99 g/t Ag over 13.0 m from 61.0 to 74.0m;
and 8.23 g/t Au, 1.43 g/t Ag over 6.0m between 183.0 to 189.0m.
Boundary
North Plan View map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-plan-map-2018.jpg
FK18-10 (140/-45) was drilled from
a location 35 meters northwest and along section from the drill pad
from which the discovery holes FK17-04, 05 and 06 were drilled last
August. The new hole has further defined and increased the zone of
precious and base metal mineralization that the 2017 holes
originally pierced. Of note, the high grade intercept of 331.0 g/t
Au was encountered 230 meters northward of a 326 g/t Au grade
reported by Noranda in 1991 in drillhole RG91-16 (see attached plan
map). High grade intercepts are generally found in narrow and
discrete zones of moderate mineralization within a broad envelope
of lower grade mineralization. Mineralization at North Boundary
reflects the poly-metallic nature of the core with widely variable
values of Au, Ag, Cu, Pb and Zn throughout. Partial results have
been received for the second hole FK18-11 but will not be released
until all assays are in hand.
Boundary
North Cross Section map:
https://abenresources.com/site/assets/files/4826/abn-boundary-north-cross-section-aug-2018.jpg
Select results previously reported
from the 2017 holes include 6.7 g/t Au, 6.4 g/t Ag and 0.9% Cu over
10.0 m including 18.9 g/t Au, 16.6 g/t Ag and 2.2% Cu over 3.0 m in
hole FK17-04 which contributed to an average grade of 0.26 g/t Au
over 387.0 m. Hole FK17-05 returned 21.5 g/t Au, 28.5 g/t Ag and
3.1% Cu over 6.0 m from the same zone at a slightly greater
depth.
The North Boundary area shows very
little outcrop exposure and contains complex geology which is
disrupted by a series of faults of unknown orientation. Additional
drilling is required to determine true thicknesses and establish
controls to mineralization. Based on results to date the scope of
the project has been expanded with additional funding to be
directed to extend the current drill program. Mineralization at
North Boundary is structurally controlled and hosted in a package
of volcanic and volcaniclastic rocks from the Jurassic Hazelton
Group. Several generations of quartz and quartz-carbonate veining
are important hosts to mineralization, as are subordinate breccia
zones with strong chlorite, hematite and carbonate alteration. The
Boundary Zone lies between the Forrest Kerr Fault to the west, a
major deep-seated crustal feature, and the unconformable contact
between the Jurassic Hazelton Group and the Triassic Stuhini Group
to the East. The rock reflects a prolonged history of strong
hydrothermal activity combined with brittle deformation. The host
package Hazelton is known to be a prolific host to several deposits
throughout the region.
*all assay values are uncut and
intervals reflect drilled intercepts, true thicknesses and
orientations of the various zones is currently not known
Analytical
and QA/QC Description:
All 1 or 2 meter drill core
samples were delivered to ALS Global prep facility in Terrace,
British Columbia where they were crushed until 70% passed a 2mm
sieve, then a 250g split was pulverized until better than 85%
passed a 75 micron screen. Gold was tested via fire assay method
Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire
assay with gravimetric finish. ALS performed multi-element ICP-AES
package ME-ICP41 in their Vancouver facility to test for 35 other
elements. In addition to the quality assurance and quality control
program performed by ALS, Aben personnel insert lab certified
standards, field blanks and duplicates into the sample stream at
the rate of one QA/QC sample in every 10 samples.
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. The Company is
actively exploring its flagship and high-grade Forrest Kerr Project
located in the Golden Triangle region where recent drilling has
discovered strong precious and base metal mineralization at the
North Boundary Zone.
For further information on Aben
Resources Ltd. (TSX-V:ABN), visit our Company's web site
at www.abenresources.com.
ABEN RESOURCES LTD.
"Jim
Pettit"
____________________________
JAMES G. PETTIT
President & CEO
For further information
contact:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
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This release includes certain
statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical
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Source: Aben Resources Ltd via Globenewswire
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