Aben Resources Files NI 43-101 Vancouver, BC, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has received and filed a NI 43-101 compliant Technical Report pertaining to Aben’s 100% owned 7400 hectare Justin Gold Project in the Yukon. The Justin Property encompasses several historic Gold (Au) and Silver (Ag) prospects and has been systematically explored by Aben since 2011. Aben has filed a permit application with the Yukon government to extend their right to explore the Property for an additional five years.
The Justin Property is host to rocks that have undergone multi-phase hydrothermal alteration that has produced two distinct mineralizing systems. Drilling has shown that precious metal mineralization on the Property is part of an Intrusion Related Gold System (IRGS) featuring multiple mineralization styles including sheeted vein arrays, vein breccias, stockwork veining, fault-controlled mineralization, and skarn-hosted gold horizons. Drilling at the POW Zone has returned intercepts ranging from trace values to highs of 1.19 g/t Au over 60.0 m (including 2.47 g/t Au over 21.0 m) and 1.49 g/t Au over 46.4 m. The POW Zone, along with the Confluence, Main, Kangas and POW West Zones, are potential hosts to bulk-tonnage gold mineralization and higher-grade skarn mineralization. The Lost Ace Zone, located 2 kilometers from the POW Zone, is host to high-grade near-surface mesothermal gold-arsenopyrite bearing quartz veins interpreted to be part of an Orogenic Gold System. Trenching in 2018 returned values ranging from trace to 20.8 g/t gold over 4.4 meters including 88.2 g/t gold (Au) over 1.0 m at the Lost Ace Zone.
The Orogenic-style mineralization discovered at Lost Ace is interpreted to share many characteristics with the orogenic veins discovered at Seabridge Gold’s adjacent 3 Aces project. Exploration at 3 Aces has shown the regionally extensive stratigraphic contact in the middle Yusezyu Formation contains consistently highly anomalous gold values. The discovery of gold mineralization in the upper Yusezyu Formation at Lost Ace suggests newly discovered orogenic gold mineralization could occur over a significant stratigraphic extent between the upper and middle Yusezyu Formation on the Justin Property. In addition, the previously discovered intrusion related gold mineralization at the POW Zone would have intruded through the prospective stratigraphy which hosts the older orogenic mineralization in the district, potentially enhancing grades in the intrusion related gold system.
Justin Property NI 43-101 Technical Report
https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00005652&issuerType=03&projectNo=03335844&docId=5130159
https://www.globenewswire.com/news-release/2022/02/08/2380845/36590/en/Aben-Resources-Files-NI-43-101-Technical-Report-on-the-Justin-Gold-Project-and-Provides-Additional-Updates.html