Aben Intersects Mineralization Early in Drill Program at Forrest Kerr Project in BC's Golden Triangle
16 Luglio 2018 - 2:00PM
VANCOUVER, British Columbia,
July 16, 2018 (GLOBE NEWSWIRE) -- Aben
Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2)
(the "Company") is pleased to provide the following progress update
on its 2018 exploration and drilling program at its 23,000-hectare
Forrest Kerr Gold Property located in British Columbia's Golden
Triangle region. The first five holes drilled at the high grade
North Boundary Zone have encountered mineralization and the drill
core has been sent to the assay labs and final
geochemical assays are pending. These holes have transected
rock that has been strongly altered with quartz-sericite-pyrite
with variable chlorite and strong calcite and hematite throughout.
The pervasive nature of the alteration is evidence toward the
strength of the hydrothermal system that operated through time in
this part of the Property. Several fault and shear zones have been
encountered in each hole, which have been interpreted and observed
as the likely host to Au-Ag-Cu mineralization. This area of the
Forrest Kerr Property hosts gold-silver-copper in rock and soil
anomalies that span in excess of 2 km by 4 km and remain
under-explored.
Golden Triangle,
B.C., claims map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg
Select results from the 2017 holes
include 6.7 grams per tonne (g/T) Au, 6.4 g/T Ag
and 0.9% Cu over 10 meters, including 18.9 g/T Au, 16.6 g/T Ag and
2.2% Cu over 3.0 meters in hole FK17-04 which contributed to an
average grade of 0.26 g/T Au over 387 meters.
Hole FK17-05 returned 21.5 g/T Au, 28.5 g/T Ag and
3.1% Cu over 6 meters from the same zone at a slightly greater
depth.
The Company's President and CEO,
Jim Pettit, stated: "Notable regional discoveries by Pretium, GT
Gold, Garibaldi Resources and others have illustrated the
significant discovery upside remaining in the district and we are
confident in the potential at Forrest Kerr given the newly
discovered and historic high-grade mineralization there as well as
the numerous untested gold-in-soil anomalies present."
Aben 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.
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.
For further information on Aben
Resources Ltd. (TSX-V:ABN), visit our Company's web site at
www.abenresources.com.
Aben Resources has approx. 81.5
million shares issued and outstanding with approx. $2.7 million in
its treasury.
ABEN RESOURCES
LTD.
"Jim
Pettit"
____________________________
JAMES G. PETTIT
President & CEO
For further information
contact:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
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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
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management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
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Source: Aben Resources Ltd via Globenewswire
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