Aben Resources Ltd. : Aben to Begin Yukon Drill Program on Justin Gold Project in June
VANCOUVER, BC and FRANKFURT, GERMANY -- (Marketwire) -- 05/22/12 -- Aben Resources Ltd. :
Aben to Begin Yukon Drill Program on Justin Gold Project in June. Processed
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The issuer is solely responsible for the content of this announcement.
Suite2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
Trading Symbol (TSX VENTURE: ABN) (FRANKFURT: E2L)
May 22, 2012
Vancouver, BC - Aben Resources Ltd. (TSX VENTURE: ABN) (PINKSHEETS: ABNAF) (the "Company") is providing an update on its upcoming 2012
exploration and drilling
program at its 100% owned, 18,314 acre flagship Justin Gold
Project. The
property is located in the southeast Yukon on the Tintina Gold
Belt
approximately 35 kilometres southeast of the Cantung Mine and is accessed
by an
all-season road.
Aben's Yukon and NWT Properties Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
The proposed 4,000 metre diamond drill program is on schedule to
commence in
early- to mid-June. A crew will mobilize to the Justin property at the
end of
May to initiate the construction of a 20-man exploration camp adjacent
to the
Nahanni Range Road. This camp will service all exploration activities and
will
be winterized upon completion of the 2012 field season. The Company has
recently
received a Class 3 exploration permit for the Justin Project which is
current
for five years. This is a significant milestone for Aben as it
allows the
Company to carry out a wide range of exploration activities over the next
five
years including drilling, trenching, geophysical and geochemical
surveys,
sampling and prospecting.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
2012 Justin Project Exploration and Drill Program:
The primary targets for the Justin drill program are the POW and Kangas
Zones,
with the majority of the drilling to be carried out at the POW
Zone. The
principal objective of the drilling is to further test the gold and
silver
mineralization discovered during drilling in 2011 at the POW Zone and to
follow-
up on the high grade silver and copper mineralization discovered at the
Kangas
Zone. The exploration program will also include additional
geophysical and
geochemical surveys as well as geological mapping.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Last year, a first-pass drill program consisting of ten drill
holes was
completed on the Justin Project to test four different mineralized
zones. The
previously reported drill hole results from the 2011 program indicated
that
significant new green-fields gold and silver discoveries have been made
in two
areas on the property. Highlights include 60.0 metres of 1.19 g/t gold
including
21.0 metres of 2.47 g/t gold at the POW Zone, and a 1.07 metre interval of
7320
g/t Ag (234 oz/ton Ag) and 3.52% Cu at the Kangas Zone (1.4 kilometres
south of
the POW Zone).
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg
Multi-phase precious metal mineralization is present in the POW Zone
including
massive skarn replacement-style mineralization and structurally-
controlled
stockwork vein hosted mineralization. Both phases of mineralization
display
geochemical affinity to an Intrusion Related Gold Model and indicate
that the
mineralizing system was long-lived. The size extent of the porphyry
dikes
present on the property and their spatial distribution indicate that a
multi-
kilometric intrusive stock could be present. The Company plans on
initial
expansion drilling around the two 2011 discovery holes at the POW Zone
followed
by exploratory drilling of large untested geophysical anomalies proximal
to the
discovery zone which are considered high-priority drill targets.
Justin Project 3D Geophysical Mag Survey:
http://www.abenresources.com/i/maps/Justin_Project_3D_Geophysical_Mag_Survey.jpg
The Kangas Zone will also see drilling to follow up on the 2011
discovery of
high-grade silver and copper mineralization. The discovery hole was
terminated
within the mineralized interval due to poor ground conditions and Aben
plans to
test for a potentially longer true width of this zone in the 2012 drill
program.
Upon analyzing the results and data from last year's field work, the
Company's
management and geological team have a much better understanding of the
discovery
zones which has led to a more structured and focused drill plan in
2012. The
Company anticipates a total of 15-20 drill holes in the 2012 drill
program at
the POW and Kangas Zones.
Summary of 2011 Selwyn Recce Project Exploration Program:
The Selwyn Recce Project is comprised of the previously announced
Northwest
Territories permits totaling 426,821 acres of ground (see news release
dated
Feb. 14, 2011) as well as an additional 147,404 acres of land that was
staked
this season in the Yukon and NWT east of ATAC Resources' (TSX.V-ATC) Osiris
gold
zones. Aben's large land position is considered prospective for the
presence of
Carlin-type and intrusive-related gold deposits, carbonate and
sedimentary-
exhalative ("sedex") style silver-lead-zinc deposits, as well as sediment-
hosted
copper deposits.
Aben's NWT Selwyn Recce Prospecting Permits:
http://www.abenresources.com/i/maps/ABN-NWT-Prospecting-Permits.jpg
Field crews completed a very large scale regional reconnaissance program
on the
Company's Selwyn Recce Project in 2011 that included geological
mapping,
regional prospecting, geochemical surveys and geophysical surveys. Eighteen
high
priority targets had previously been identified to form the focus of the
2011
exploration efforts. The bulk of the field work was carried out on the
high
priority targets with many thousands of samples having been collected
including
7368 soil samples, 681 rock samples, 668 silt samples, 14 heavy mineral
bulk
samples, and 51 petrographic analysis samples. All of the obtained data
from the
8,782 samples has been imported into a database to allow for
geological
interpretation and analysis. Aben now possesses the largest proprietary
database
for the region consisting of over 21,000 samples. The Company also
conducted
3,233 line kilometres of airborne magnetic and radiometric geophysical
surveys
to complement the sampling and prospecting program.
The 2011 field work was successful in delineating four high-priority
targets
warranting further exploration. Highlights and conclusions from the
2011
exploration program at these five showings include:
* Grab samples from the ENYO target returned a range of assay results
from
anomalous silver and base metal numbers to as high as 651 g/t Ag and
5.5%
Zn.
* The Suriso showing is prospective for intrusion-related gold systems
based
on favourable geology and geochemical signatures.
* Grab sample assay results ranged from anomalous to as high as 0.4% Cu,
2.3%
Pb and 2.8% Zn from the Bonk showing with an extensive horizon
traceable for
over six kilometres.
* Eight grab samples from the Energizer target returned over 10 ppm
Thallium
indicating the potential for Carlin-style gold mineralization in the
area.
The Company is pleased with the initial first-pass reconnaissance program
on the
Selwyn Recce Project. The land mass over which the various targets are
located
is roughly 36,000 square kilometres and less than 10% of the ground has
been
systemically explored to date.
TerraLogic Exploration:
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to
oversee all
aspects of the 2012 exploration and drilling programs on the Company's
Yukon
projects. TerraLogic has been operating mineral exploration projects in
North
America since 1992 and has extensive experience up in the Yukon and NWT.
Through
TerraLogic, Aben has arranged for field crews, support staff, camps,
supplies,
helicopters and drill rigs to conduct the exploration to be carried out
this
year.
Qualified Person:
Tim J. Termuende, P.Geo., is a director and the Qualified Person for
Aben Resources as defined by National Instrument 43-101 and has reviewed
and approved the technical information in this release.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company
developing properties in the Yukon and Northwest Territories.
For further information on Aben Resources Ltd. (TSX VENTURE: ABN), visit
our Company's web site at www.abenresources.com.
Follow the Company on Waggle at
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ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Jordan Trimble
Aben Resources Ltd.
Corporate Development and Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: 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 news release may contain certain "Forward-Looking Statements"
that may
involve a number of risks and uncertainties. There can be no assurance that
such
statements will prove to be accurate, and actual results and future events
could
differ materially from those anticipated in such statements. For a more
detailed
discussion of such risks and other factors, refer to the Company's filings
with
Canadian Securities regulators available on www.sedar.com.
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Source: Aben Resources Ltd. via Thomson Reuters ONE
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Aben Resources Ltd.
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