NewsAben Announces Expansion of Yukon Drill Program at Justin Gold Project
VANCOUVER, BRITISH COLUMBIA, Sep 13, 2011 (MARKETWIRE via COMTEX News Network) --
Aben Resources Ltd. (TSX VENTURE: ABN) (FRANKFURT: E2L) (the "Company") is pleased to announce the expansion of the 2011 Justin Gold Project drill program in the Yukon. The Company's 100% owned 4,114 acre Justin property is located within 10 kilometres southwest of Northern Tiger's 3Ace Gold Project and adjacent to their Sprogge Gold Project.
Justin Gold Project Location Map: https://www.abenresources.com/i/maps/ABN-Justin.jpg
A total of eight drill holes from four pad locations have been completed to date with assays still pending. Drilling thus far has focused on testing gold-silver mineralization at depth on the Kangas, Confluence and Main Zones of the property. An additional hole has now been added to the Justin drill program budget this season to test the newly discovered POW Zone target. The program is expected to be completed by mid-September. The 2011 diamond drilling is the first ever completed on the Confluence, Kangas and POW Zones. A 500 metre, four-hole drill program was completed on the Main Zone in 1987, testing for the potential of gold and copper skarn-style mineralization.
In conjunction with the 2011 drill program, systematic surface fieldwork has been undertaken on the property. Field crews have focused on prospecting and mapping the POW Zone, a new discovery made in 2010, and in areas proximal to the Confluence Zone. Follow-up work on the POW Zone led crew members to investigate the source of a strong EM geophysical conductor outlined by an airborne survey conducted in 2010. Along strike of a strong EM lineament, a 10m-wide zone of mineralized quartz breccia was discovered. The breccia exploits the contact zone between altered phyllite and a strongly silicified quartz pebble conglomerate. The breccia matrix is silica-flooded and is mineralized by pyrite, arsenopyrite, galena (lead), and sphalerite (zinc). The newly-discovered zone is considered to be a favourable target for gold and silver mineralization. In addition to this zone, a large alteration zone was discovered 300 metres from the quartz breccia, which is centered on the fringe of a large EM conductor. Strongly silicified quartz pebble conglomerate is host to fine to coarse-grained disseminated molybdenite and pyrite mineralization. Chip and grab samples have been collected to test the mineralized alteration zone. Analytical results are pending for all work undertaken this season on the property.
Justin Gold Project Previous Exploration Map: https://www.abenresources.com/i/maps/Justin-Map3.jpg
The Justin Project has the potential to host significant epithermal, skarn and sediment hosted gold mineralization. Historic work on the property has exhibited this potential with grab samples returning up to 59 g/t gold and a continuous chip sample returning an average of 2.38 g/t gold over 22.5 metres. Channel sampling in 2010 again encountered significant gold mineralization including 1.4 g/t gold over 11 metres and 2.07 g/t gold over 7 metres.
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects of the 2011 exploration and drilling programs on the Company's Yukon and NWT projects. TerraLogic has been operating mineral exploration projects in North America since 1992 and has extensive experience in both Yukon and NWT. Through TerraLogic, Aben has arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration planned for this year.
Aben's Yukon and NWT Properties Claims Map: https://www.abenresources.com/i/maps/ABN_Property_Location.jpg
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company developing properties in the Yukon and Northwest Territories. The Company is well funded with approximately $4.5 million in its treasury.
For further information on Aben Resources Ltd. (TSX VENTURE: ABN), visit our Company's web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, President
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.
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.
Contacts:
Aben Resources Ltd.
James G. Pettit
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
Aben Resources Ltd.
Don Myers
Corporate Communications
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@abenresources.com
www.abenresources.com
SOURCE: Aben Resources Ltd.
mailto:info@abenresources.com https://www.abenresources.com
Copyright 2011 Marketwire, Inc., All rights reserved.