Aben Field Program Update
10 Août 2020 - 2:00PM
Aben Resources Ltd.
(TSX-V: ABN) (OTCBB:
ABNAF)
(Frankfurt:
E2L2) (the “Aben or the Company”)
is pleased to announce that the 2020 field season is proceeding
well and will be moving into the next phase which will include Pad
building in advance of the arrival of the drill. The Pad
building crew should be on site today and should take a week to get
things ready for the drill program to begin.
The field program, to date, has been very
encouraging as the crew has been successful in further delineating
our initial drill targets for this season. The field crew will
continue to ground truth future targets to drill, well into
September. Our initial zone of interest was explained in
detail in news release dated 27th July
2020.
The company also announces, pursuant to its
stock option plan, the Company has granted incentive stock options
to its directors, officers, employees and consultants to purchase
up to an aggregate of 4,600,000 common shares in the capital stock
of the Company, exercisable for a period of two years, at a price
of $0.13 per share. The Company’s 10% rolling stock option plan was
approved by the shareholders at the Annual General Meeting of the
Company held on July 25, 2018.
Forrest Kerr Project:
The Forrest Kerr Property consists of 4 separate
claim blocks comprised of 56 mineral claims (23,397 ha) and is
owned 100% by Aben Resources. Numerous areas of interest have been
identified since Aben began systematic exploration in 2016, with a
total of 70 drill holes (21,968m/72,055’) completed to date by
Aben. The Boundary Valley hosts significant surface gold
mineralization and complex structural intersections, both of which
are important indicators of the potential for discovery of more
sub-surface high-grade gold mineralization.
Cornell McDowell, P.Geo., V.P. of Exploration
for 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 gold-focused projects in British Columbia and
the Yukon Territory. Aben is a well-funded junior exploration
company.
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. PETTITPresident & CEO
For further information contact:Aben Resources Ltd.Telephone:
604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email:
info@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 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
statements are based on reasonable assumptions, such statements are
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
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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