VANCOUVER, British Columbia, Sept. 07, 2016 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (“Aben” or the “Company”) is pleased to announce the commencement of exploration activity on Aben’s 100% owned 23,000 hectare Forrest Kerr Property located within B.C.’s Golden Triangle region (see ABN news release July 18th). The Golden Triangle is host to significant mineral deposits including Galore Creek, Copper Canyon, Schaft Creek, Valley of the Kings, Snowfield, KSM, Snip, Granduc, Red-Chris and numerous others.
2016 fieldwork is intended to provide reconnaissance-scale geological exploration throughout the project area (which spans approximately 40km north/south), with particular emphasis on the area straddling the newly-constructed Galore Creek access road. Fieldwork follows extensive research and data compilation completed by Aben since acquiring the project.
The objective of the current program is to provide confirmation of existing high-grade mineral occurrences, soil and geophysical anomalies, geological and structural relationships. In addition, prospecting and geological mapping will be completed to further identify and confirm target areas for follow-up drilling campaigns. Permitting for future drilling is currently underway.
B.C.’s Golden Triangle map:
Aben’s Forrest Kerr land package is located along the Forrest Kerr Fault, immediately north of the Iskut River and southward of More Creek, with recent hydro-electric power and road access afforded to the northern and southern areas of the property. The claims consist of a 40km-long, north-south belt overlying rocks of the Hazelton and Stuhini Groups, a complex assemblage of volcanic accumulations with intervening sedimentary sequences which are host to numerous significant gold deposits in B.C.’s Golden Triangle area.
Forrest Kerr project, B.C., Golden Triangle claims map:
The Forrest Kerr Gold Project is located in the heart of the Golden Triangle of British Columbia and is considered to hold significant potential for precious metal mineralization. Numerous mineralized occurrences are documented throughout the project area and sound, systematic fieldwork conducted from the late 1980’s to the mid 2000’s provide a solid framework for ongoing fieldwork. With little activity in the area during the past decade, the area is ripe for modern exploration techniques. The area has recently seen major infrastructure improvements, including roads and hydro-electric facilities. In addition, rapid melting rates of glaciers in parts of the property area are expected to provide new exposures in areas that were inaccessible during previous exploration campaigns.
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, the Yukon and North West Territories.
Aben Resources has approx. 19.9 million shares issued and outstanding.
ABEN RESOURCES LTD.
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Toll Free: 800-567-8181
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.