Aben Minerals Receives Finalized Results from Airborne Geophysical Survey at the Justin Gold Project
19 Agosto 2024 - 8:00AM
Aben Minerals Ltd. (TSX-V: ABM) (OTCQB:
ABNAF) (Frankfurt: R26) (“Aben” or “the
Company”) is pleased to announce that the final results have been
received from the recently completed QMAGT geophysical survey at
the 7,400 hectare, 100% owned Justin Gold Project in the Yukon
Territory. The Justin Property is host to widespread prolific gold
mineralization in the form of sheeted veins, vein arrays and
breccias, stockworks and skarn hosted precious metal
mineralization, yet the Property remains under-explored. The QMAGT
survey was flown over the Lost Ace and POW zones, the two main gold
(Au) mineralized areas at Justin, as well as the highly prospective
area between them.
President and CEO Riley Trimble states, “The
results from the 2024 airborne geophysical survey combined with
historical drilling will be used to plan a comprehensive drill
program at the Justin Gold Project. The project has two distinct
types of gold mineralization within the Tombstone belt – intrusion
related at POW zone and orogenic at Lost Ace. We are planning to
drill test both target zones as well as the area between where
these systems potentially meet. Our objective is to become a key
company in this region of the Tombstone Gold Belt as we believe it
could become a major gold district within the Yukon.”
Target Zones at Justin
The Lost Ace and POW zones are located 2
kilometers apart and offer two distinct mineralization styles. The
POW zone is interpreted to be an Intrusion Related Gold System
(IRGS) with precious metal mineralization hosted within and
adjacent to the Justin Stock, a mid-Cretaceous intrusive body
located at the southern end of the well-endowed Tombstone Gold
Belt. Historic drilling at the POW zone has returned 1.25 g/t Au
over 60.0 m (JN11-009) and 2.52 g/t Au and 29.5
g/t Ag over 12.0 m
(JN11-010). The Justin Stock, part of the prolific
Tombstone-Tungsten Plutonic Suite, has created a large alteration
aureole and robust hydrothermal system over large portions of the
Justin claim block.
The Lost Ace zone represents an Orogenic Gold
System with gold hosted in quartz-arsenopyrite-pyrite stockworks
found at the contact between quartz feldspar pebble conglomerates
and fine-grained phyllitic rocks. This type of mineralization is
remarkably similar in style and geologic setting to the immediately
adjacent 3 Aces Project, owned by Seabridge Gold. A network of
well-developed NNE and NW-SE faults have served as conduits for
precious metal bearing fluids emanating from the Justin Stock and
other buried intrusive bodies in the area. The proximity of these
two distinct mineralization styles highlights the potential for the
Justin Property to host overprinting mineralizing systems.
Justin Gold Project
LocationPlease click to view image
2024 QMAGT Survey
The QMAGT is a state-of-the-art geophysical
survey technology with a proven track record in mineral
exploration. The survey data provides detailed directional
information with enhanced image quality that will be utilized to
define high-priority targets for a planned drill program. The
high-quality geophysical data will enable Aben personnel to define
the location of fault structures (fluid pathways) and strongly
magnetic geologic bodies (magnetite-bearing skarn). The annotated
magnetic response image below depicts the prevalence of the NNE and
NW-SE oriented fault structures that have conducted mineralized
fluid outboard of the Justin Stock, located at the bottom margin of
each image. Both the Lost Ace and POW zones are located in areas
that host complex structural intersections alongside bodies with
strong magnetic response. The region between the two zones hosts
coincident geophysical and geochemical (gold in soil) anomalies but
remains under-explored and undrilled. In 2019, a rotary air blast
(RAB) drill was used for the initial drill test of the Lost Ace
zone, but the presence of abundant near-surface groundwater
hampered the effort and limited the holes to < 35 m depth.
Future drill programs will focus on expanding the existing gold
mineralization at POW, properly testing the Lost Ace zone, and
evaluating highly prospective targets in the area between the two
zones.
QMAGT Images from Airbourne
SurveyPlease click to view image
Pow Zone Drilling and 2024 QMAGT
SurveyPlease click to view image
Justin Gold Project
The 7,400-hectare Justin Gold property is 100%
owned by Aben Minerals Ltd located in the southeast Yukon in the
Tintina Gold Belt and adjacent to Seabridge Gold’s 3 Aces Project.
Aben has drilled a total of 4972.0 metres in 21 diamond drill holes
across four zones of interest. Drilling in 2011 and 2012 at the POW
Zone successfully discovered:
- Hole JN11009: 1.25 g/t Au over 60.0m
(including 2.47 g/t Au over 21.0m)
- Hole JN11010: 2.52 g/t Au and 29.53 g/t Ag
over 12.0m
Additionally, trenching in 2018 at the Lost Ace
Zone, located 2 kilometers northwest along strike from the POW Zone
returned values ranging from trace to 20.8 g/t gold over 4.4m
including 88.2 g/t gold (Au) over 1.0m. The discovery at Lost Ace
highlights the existence of a multi-phase hydrothermal system with
the potential for overprinting mineralizing systems.
For further information regarding the project,
please refer to the NI 43-101 Technical Report – Justin
Gold Project 2021.
Qualified Person
Cornell McDowell, P.Geo., V.P. of Exploration
for Aben Minerals, 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 Minerals:
Aben Minerals is a Canadian gold exploration company with
exploration projects in the Yukon Territory and British Columbia.
The Company’s goal is to increase shareholder value through new
discoveries and developing exploration projects in geopolitically
favourable jurisdictions. The Company has 18.7 million shares
outstanding.
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For further information on Aben Minerals Ltd. (TSX-V: ABM),
visit our Company’s website at www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”___________________
Riley TrimblePresident & CEO
For further information contact: Aben Minerals Ltd.Riley
Trimble, President & CEOTelephone: 604-639-3852Facsimile:
604-687-3119 Email: info@abenminerals.com
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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
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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
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Please see the public filings of the Company at www.sedar.com for
further information.
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