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Aben Acquires Forrest Kerr Gold Project in B.C.’s Golden Triangle
VANCOUVER, British Columbia, July 18, 2016 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to anno
About this update from Aben Gold Corp
[{"type":"text","content":"VANCOUVER, British Columbia, July 18, 2016 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to announce, further to its news release on July 06th, the TSX Venture Exchange has accepted for filing three agreements with third-parties whereby the Company will acquire a 100% interest in the 23,000 hectare Forrest Kerr Gold Project within B.C.’s “Golden Triangle” region north of Stewart, B.C. 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. See Forrest Kerr project, Golden Triangle area 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 road access afforded to the northern and southern limits 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 significant gold deposits in the Golden Triangle area. Historical drilling and field work done through the project area in the past hosts numerous high-grade gold, silver, and base metal mineral showings as well as past drill results. High-lights include: RDN drill-hole RG91-16, at the Boundary Zone, returned 10.2 g/t gold over 17m (including 359.7 g/t gold over 0.45m) and RG91-21 which returned 101.0 g/t Au over 1.95m and 137.8 g/t Au over 0.85m (true width unknown). Many of these intercepts, interpreted to be possible feeder zones to a precious metal VMS system, are yet to be followed up. 1990 drilling at the Triple Creek Zone to the south returned up to 39.7m grading 1.78 g/t Au (including 2.0m grading 5.9 g/t Au, 190.0 g/t Ag and 12.4% Cu). Notable sample occurrences include: Jungle (25.5 g/t float); For (15.85% Cu in narrow veins; Forgold (30.5 g/tAu and 15.85% Cu in narrow veins); Falls (22.11 g/t Au, .32% Cu-grab); Marmot Heights (45.57 g/t Au-grab). Aben has not been able to independently verify the methodology and results from historical work programs within the property boundaries. However, management believes that the historical work programs have been conducted in a professional manner and the qualit...