Aben Resources Ltd.: Aben Commences Diamond Drilling on Justin Gold Project, Southeast Yukon
VANCOUVER, BC -- (Marketwire) -- 07/26/12 -- Aben Resources Ltd. /Aben Resources Ltd.:
Aben Commences Diamond Drilling on Justin Gold Project, Southeast Yukon.
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Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
Trading Symbol (TSX VENTURE: ABN) (FRANKFURT: E2L)
Email: info@abenresources.com
July 26, 2012
Vancouver, BC - Aben Resources Ltd. (TSX VENTURE: ABN) (FRANKFURT: E2L)
(PINKSHEETS: ABNAF) (the "Company") is pleased to announce the commencement
of drilling activity on its 100% owned, 18,314 acre flagship Justin
Project, where the Company made a significant greenfield gold-silver drill
discovery in 2011.
Planned 2012 drilling is budgeted for up to 4,000m. 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. The
first diamond drill hole has been collared at the POW Zone and is designed
to intercept the western extension of the mineralized interval in the
previously drilled discovery hole JN11009.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
The field crews have completed the construction of an exploration camp
adjacent to the Nahanni Range Road on the property which will service all
exploration and drilling activities this year. Leading up to the start of
drilling, prospecting and mapping crews have carried out detailed ground
work and surface geological surveys in the area of the POW Zone. A total
of 21 rock samples, 120 soil samples and 9 silt samples have been collected
thus far.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Aurora Geosciences has been contracted to complete a 20 line-km magnetic
geophysical survey on the property to infill the area between the existing
Justin survey and the adjacent VF Property, currently under option from
Bearing Resources (see news release dated March 5, 2012). The crew has just
arrived at the property and the survey is expected to take four days to
complete.
Justin Project Proposed Infill Geophysics and Areas of Interest for
Drilling:
http://www.abenresources.com/i/maps/Justin_AOI_2012_Drilling.jpg
The Company 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.
Planned 2012 Justin Project 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 current drilling program 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 Company anticipates a
total of up to 15-20 drill holes to be completed during the 2012 program.
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 greenfield 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 silver (234 oz/ton Ag) and 3.52% copper 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 is also targeted for future 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.
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.
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ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
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
[HUG#1629563]
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: Email Contact
