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Aben to Acquire 23,000 Hectares Within B.C.'s Golden Triangle
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 5, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN) (OTCBB:ABNAF) (FRANKFURT:E2L2) (the "Company") is pleased to a
About this update from Aben Gold Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 5, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN) (OTCBB:ABNAF) (FRANKFURT:E2L2) (the \"Company\") is pleased to announce the Company has finalized staking activity and completed individual agreements with third-parties whereby the Company will acquire a 100% interest in a large, road-accessible area 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. Individual agreements were executed between Aben and Equity Exploration Consultants, Kiska Metals and CVE, a private third-party, whereby Aben will acquire a 100% interest (less underlying NSRs) by issuing a total of 7.0 million shares and completing $3,000,000 in exploration expenditures by June, 2020. Aben has also completed staking in the project area resulting in 100% unencumbered ownership of certain claims totalling approximately 6,300 ha. This agreement is subject to TSXV Exchange acceptance. See Forrest Kerr project, Golden Triangle area map: Aben's Forrest Kerr land package consists of over 23,000 ha 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. Drilling throughout the project area is relatively limited, with analytical results ranging from trace amounts to multi-gram gold concentrations. Drilling highlights on the RDN (Kiska) package include drill-hole RG91-16 at the Boundary Zone, which 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 1.95 m and 137.8 g/t Au over 0.85 m (true widths unknown). Many of these intercepts, interpreted to be possible feeders zones to a precious-metal VMS system, have yet to see follow-up work. On the Forgold package, holes FG91-2 returned 3.87 g/t Au over 1.58m and FG91-3 returned 19.2 g/t Au over 0.82m (true widths unknown). Dr...