Aben Intersects Additional, Shallow High-Grade Gold Mineralization
at the North Boundary Zone of the Forrest Kerr Project in BC’s
Golden Triangle
Aben Resources Ltd.
(TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces that additional analytical results have
been received from the early-stage drilling at the 23,000 hectare
Forrest Kerr Property (the “Property”) located in the Golden
Triangle region of British Columbia. The eight drill holes reported
here consist of step-out drilling at the North Boundary Zone and
most of the holes intersected shallow, high-grade gold
mineralization. Highlights include: 5.08 g/t Au over 12.0m in hole
FK18-12; 23.3 g/t Au over 2.0m in hole FK18-13; and 10.62 g/t Au
over 3.0m in hole FK18-17. To date, final analytical results have
been received for 3,000m of a total projected 10,000m (table of
values and hole descriptions near end of release).
Golden Triangle, B.C., claims
map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
This step-out drilling has successfully expanded
the North Boundary Zone along an interpreted NE-SW trend from the
high-grade gold mineralization reported last year in holes FK17-04,
05, and 06 as well as in previously reported FK18-10 which
intersected 38.7 g/t Au over 10.0m from 114.0m - 124.0m depth
including 62.4 g/t Au over 6.0m (see news release dated August 9,
2018). Several discrete zones of Au-Ag-Cu-Zn mineralization were
encountered in all eight drill holes reported here and the multiple
mineralized horizons illustrate the strong potential for further
discovery of precious metal bearing structures on the Property.
Highlights:
- Hole FK18-12 returned 5.08 g/t Au over 12.0m (40.0m - 52.0m
depth), including 24.25 g/t Au over 2.0m (42.0m - 44.0m depth)
- Hole FK18-13 returned 23.3 g/t Au over 2.0m (106.0m - 108.0m
depth)
- Hole FK18-17 returned 3.18 g/t Au over 15.0m (232.0m - 247.0m
depth) including 11.02 g/t Au over 2.0m (239.0m - 241.0m depth), as
well as 31.40 g/t Au over 1.0m (261.0m - 262.0m depth)
- North Boundary Zone remains open in all directions
- 36 drill holes completed to date with assays pending for 27 of
these holes which were drilled using Oriented Core Drilling
techniques
- Drilling continues as part of an expanded program
- Broad soil geochemical anomaly over 4 km in length and
continues to yield new discoveries (i.e.: recently-announced South
Boundary Zone where final assays are still pending)
- New airborne geophysical survey reveals numerous untested
target areas
Jim Pettit, President and CEO of Aben Resources
stated, “These high-grade step-out holes at North Boundary have
expanded the zone which is open in all directions and confirm the
presence of a robust mineralizing system in the area. Based on the
geochemical and new geophysical data available to us we can clearly
see the potential of the area that now includes the North Boundary
Zone, the historic Noranda hole 230 meters to the south and the
South Boundary Zone another 1.5 kilometers further south. Given the
complex geology, we started using Oriented Drill Core techniques
after these eight holes reported here which will help in
identification of orientation and structure as well as to delineate
additional high-grade mineralization. The target areas in and
around the Boundary Zones are relatively shallow and continue to
provide strong discovery potential as we have only systemically
tested a very small area at shallow depths. The Company is awaiting
additional assay results from 27 holes, three of which are from
South Boundary and the rest from the North Boundary Zone. This new
high-grade discovery is still in its early days and with this
increased drill program there will be news for some time to
come. I would also like to welcome Eric Sprott as a new major
shareholder and thank him for his support. The Company now
has just over $7 million in the treasury from financings and the
exercise of warrants. "
Complete assays for the three holes collared 1.5
km south at the South Boundary Zone are still pending. The South
Boundary Zone had never been drill-tested and the newly discovered
mineralization is encouraging considering the distance between the
collar locations in the North and South Boundary Zone. The ground
between and beyond the two zones is highly prospective for further
discovery of gold and copper-bearing horizons given that they are
located within a large gold-in-soil and rock anomaly in similar
lithologies. The ubiquitous nature of the veining and widespread
alteration regimes indicates that a strong and extensive
hydrothermal system operated throughout time across the Boundary
Zone. The broader soil geochemical anomaly that covers both the
North and South Boundary Zones extends for over 4 km north to south
and 1.5 km east to west.
Boundary Area Soil Geochemical
map:
https://abenresources.com/site/assets/files/4855/abn_new_boundary_map.jpg
Aben has also just completed a 355
line-kilometer airborne Magnetic survey over the entire Boundary
Zone with results expected by the end of September. The interpreted
results of the survey are expected to greatly assist in identifying
fault structures that have good potential to host high-grade
precious metal mineralization in the Boundary valley.
Mineralization at 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 Zones lie 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 Boundary host package Hazelton rocks are also
known to be a prolific host to several deposits throughout the
region. The North Boundary area shows very little outcrop exposure
and contains complex geology which is disrupted by a series of
faults of unknown orientation. All additional drilling is
implementing Oriented Core Drilling techniques which will aid in
determining true thicknesses and establishing structural and
lithologic controls to mineralization.
Table of Assay Results:
Hole ID |
|
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Cu (ppm) |
FK18-11 |
|
334.0 |
337.0 |
3.0 |
2.09 |
923 |
|
incl |
336.0 |
337.0 |
1.0 |
4.55 |
17 |
|
|
|
|
|
|
|
FK18-12 |
|
40.0 |
52.0 |
12.0 |
5.08 |
1993 |
|
incl |
40.0 |
46.0 |
6.0 |
8.78 |
3965 |
|
incl |
41.0 |
45.0 |
4.0 |
13.03 |
5907 |
|
incl |
42.0 |
44.0 |
2.0 |
24.25 |
11575 |
|
|
|
|
|
|
|
FK18-13 |
|
106.0 |
108.0 |
2.0 |
23.30 |
350 |
|
|
|
|
|
|
|
FK18-14 |
no significant results |
|
|
|
|
|
|
|
|
|
|
|
|
FK18-15 |
hole lost at 61.5m |
|
|
|
|
|
|
|
|
|
|
|
|
FK18-16 |
|
303.0 |
307.0 |
4.0 |
3.13 |
2219 |
|
incl |
303.0 |
304.0 |
1.0 |
6.95 |
|
|
|
|
|
|
|
|
FK18-17 |
|
232.0 |
247.0 |
15.0 |
3.18 |
598 |
|
incl |
238.0 |
243.0 |
5.0 |
5.60 |
570 |
|
incl |
239.0 |
241.0 |
2.0 |
11.02 |
169 |
|
|
|
|
|
|
|
|
|
260.0 |
263.0 |
3.0 |
10.62 |
7562 |
|
incl |
261.0 |
262.0 |
1.0 |
31.40 |
19750 |
|
|
|
|
|
|
|
|
|
283.0 |
284.0 |
1.0 |
8.22 |
9110 |
|
|
|
|
|
|
|
FK18-18 |
|
233.0 |
237.0 |
4.0 |
4.02 |
2317 |
|
incl |
234.0 |
236.0 |
2.0 |
6.99 |
3985 |
*all assay values are uncut and intervals reflect drilled
intercepts true thicknesses and orientations of the various
zones is currently not known |
|
North Boundary Plan View Drill
map:https://www.abenresources.com/site/assets/files/4299/abn_north_boundary_plan_2_map_sept__2018.jpg
Summary of Drilling:
FK18-11: same pad as FK18-10 at
a steeper angleSeveral intercepts > 1.0 g/t Au were encountered
(high 4.55 g/t) throughout its 402m length
FK18-12: collar location 40
meters NE of FK18-10 & 11Collared in mineralization at 12.0m
(3.5 g/t Au) with a shallow zone between 40-52m that returned 5.1
g/t Au over 1.0m including 34.3 g/t Au over 1.0m
FK18-13: collar location same
as aboveMineralization at or near top returned between 1-3 g/t Au
with a high of 23.3 g/t Au over 1.0m at 106m depth
FK18-14 & 15: collar
location 50m SW of FK18-10 & 11Both holes encountered broken
and faulted ground conditions that were poorly mineralized and in
the case of FK18-15 lost at 61m
FK18-16: collar location as
above at steeper dip (-65)Narrow zones of low grade (<1 g/t)
gold mineralization near top with a strong sulfide horizon at 300m
that returned 1.7 g/t Au over 8.0m
FK18-17 & 18: collar
location 185m SW of FK18-10 and drilled opposite direction
(northward)FK18-17 (-45) pierced a 15.0m zone that tested 3.2 g/t
Au with an intercept of 31.4 g/t Au 20m below this zone (240m
depth)FK18-18 (-50) hit the same zone of above with 4.0 g/t Au over
4m.
Link to additional Cross Section and Plan
View
maps:https://www.abenresources.com/projects/photo-gallery/
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.
PETTITPresident & CEO
For further information contact myself or:Don
MyersAben Resources Ltd. Director, Corporate
CommunicationsTelephone: 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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