Aben Resources Commences Drill Program at the Forrest Kerr Gold Project in BC’s Golden Triangle Region
19 Août 2020 - 2:00PM
Aben Resources Ltd.
(TSX-V: ABN) (OTCBB:
ABNAF)
(Frankfurt:
E2L2) (the “Aben or the Company”)
is pleased to announce that they have commenced drilling at the
Forrest Kerr Gold Project located in the Golden Triangle region of
NW British Columbia.
The drill program is designed to test
a new area with high-grade surface samples from outcrop.
PROGRAM HIGHLIGHTS
- High-grade surface samples returned values ranging from
10.0 to 43.4 g/t Au (grams per tonne), 29.2 to 46.0 g/t Ag and 1.3
to 4.6% Cu in multiple rock samples from outcrop.
- Mineralized horizon from Hole FK-53 averaged (1.2 g/t
Au, 2.4 g/t Ag and 0.3 % Cu over 19.0m) located 110m directly below
the area of High-Grade surface samples.
- Drilling targets potential fault offset of North
Boundary Zone.
Initial Drill Targets
The initial area of focus will be on the West
bank of the Boundary Valley, roughly 500m south of the high-grade
mineralized zone at North Boundary. This area is host to a
300m-long corridor of polymetallic mineralization that has returned
gold grades ranging from 10.0 to 43.4 g/t Au
(grams per tonne), 29.2 to 46.0 g/t Ag and
1.3 to 4.6% Cu in multiple rock samples from
outcrop. Drill hole FK19-53 intersected a mineralized horizon
located 110m directly below these surface samples that averaged
1.2 g/t Au, 2.4 g/t Ag and 0.3 % Cu over 19.0m,
illustrating the continuity of mineralization over significant
vertical extent. The Au-Ag-Cu mineralization and alteration seen in
Drill hole FK19-53 core closely resembles mineralization previously
discovered by Aben at the high-grade North Boundary zone.
- 38.7 g/t Au over 10.0m from 114.0-124.0m
including 331.0 g/t Au over 1.0m from Hole
FK18-10. Also 22.0 g/t Au, 22.4 g/t Ag over 4.0m
from 84.0-88.0m
- 6.7 g/t Au, 6.4 g/t Ag and 0.9% Cu over 10.0m,
including 18.9 g/t Au, 16.6 g/t Ag and 2.2% Cu
over 3.0m in Hole FK17-04
- 21.5 g/t Au, 28.5 g/t Ag and 3.1% Cu over 6.0m
from Hole FK17-05
Of note, this mineralized corridor is located
West of the Nelson Creek fault, previously thought to cut off the
polymetallic mineralization found East of the Nelson Creek fault at
North Boundary. A large and untested magnetic anomaly is located
190m west of the mineralized trend in a scree-covered area with
little outcrop present. The coincident magnetic anomaly combined
with the confirmed precious metal mineralization in both outcrop
and drill core from this area make for a compelling target that
will be further explored during this season.
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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