ME2018: Aben Resources Ltd.
Last updated 11/1/2018 at 9:28am
Aben Resources Ltd. is discovering exciting zones of gold-silver-copper mineralization at Forrest Kerr, a large land package that covers a 49-kilometer- (30 miles) long stretch of northern British Columbia's Golden Triangle.
A drill program that got underway in June initially focus on the expansion of high-grade precious metal mineralization discovered at the Boundary North zone last summer. One such hole, FK17-04, cut 10 meters of 6.7 grams per metric ton gold, 6.4 g/t silver and 0.9 percent copper.
The next, FK17-05, cut 122 meters averaging 1.2 g/t gold, 1.8 g/t silver and 0.21 copper, including a 6-meter high-grade core averaging 21.5 g/t gold, 28.5 g/t silver and 3.1 percent copper.
This year's drilling continues to turn up significant gold, silver and copper mineralization at North Boundary.
The first hole reported from the 2018 program, FK18-10, cut four high-grade zones: 13 meters of 3.9 g/t gold, 4 g/t silver and 0.62 percent copper from 61 meters; 4 meters of 22 g/t gold, 22.4 g/t silver and 0.17 percent copper from 84 meters; 10 meters of 38.7 g/t gold, 2.9 g/t silver, 0.09 percent copper from 114 meters; and six meter of 8.2 g/t gold, 1.4 g/t gold and 0.11 percent copper from 183 meters.
A one-meter interval of 331 g/t gold encountered at 118 meters in FK18-10 is about 230 meters north of a 326 g/t gold interval reported by Noranda in 1991. Aben said such high-grade intercepts at Forrest Kerr are generally found in narrow and discrete zones of moderate mineralization within a broad envelope of lower grade mineralization.
The 2018 program also discovered South Boundary, a prominent gold-copper soil geochemical anomaly about 1,500 meters south of North Boundary. While assay results were not available at the time of this report, Aben reports that the first three holes drilled testing the 2,000-meter-long gold-copper anomaly cut numerous broad horizons of quartz-sulfide veins containing abundant pyrite and chalcopyrite (copper) mineralization.
By late-August, Aben had completed the 5,000 meters originally slated for 2018. A C$4.28 million financing provided the company funds to continue drilling deeper into the year.
Eric Sprott invested heavily in this financing, providing the renowned minerals sector investor with roughly 6.6 percent of Aben's issued and outstanding shares.
With the financial boost and vote of confidence from Sprott's investment, Aben is looking to explore the scope of its discoveries at Forrest Kerr.
"We believe we have only just scratched the surface at the newly discovered North and South Boundary Zones," said Aben Resources President and CEO Jim Pettit.
Aben Resources Ltd. - TSX.V: ABN
Chairman: Ron Netolitzky
President and CEO: Jim Pettit
VP, Exploration: Cornell McDowell
Suite 1610 - 777 Dunsmuir St., Vancouver, BC V7Y 1K4