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:
http://www.abenresources.com/i/maps/ABN_Forrest_Kerr_Project_map_small.jpg
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 quality of data and information produced from them are relevant.
2016 Forrest Kerr Exploration Activity
Aben intends to immediately initiate a comprehensive data compilation, bringing all historical work into a
single GIS database. This work will be followed by fieldwork aimed at determining drill targets for a possible fall 2016 drilling
campaign. Permitting for the drilling activity is currently underway.
Forrest Kerr Area History
Interest in the Golden Triangle region of British Columbia dates back to 1861 when placer gold was discovered at
the confluence of the Stikine and Anuk rivers sparking the Stikine Gold Rush. Large-scale lode mining first took place at the
Premier Mine located north of Stewart in 1918. In 1964, Cominco discovered the Snip deposit, which commenced operation in 1991,
ultimately producing over 1.1 million ounces at an average grade of 27.5 g/t. Eskay Creek was discovered in 1988 and ultimately
produced in excess of 3 million ounces of gold and 160 million ounces of silver, in addition to appreciable lead and zinc. Pretivm
Resources in June 2014 announced updated Proven and Probable Mineral Reserves at Valley of the Kings containing 6.9 million ounces
of gold from 13.5 Mt ore grading 15.7 g/t gold, with commercial production scheduled for 2017. Management cautions that past
results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject
properties.
Systematic exploration within regions of the Forrest Kerr project area commenced in the mid-1980s and saw
continuous exploration programs from 1988 to 2005. Little work has been completed from 2005-2016. Early work in the project area
was focussed on exploration for Eskay-type (VMS) deposits, though the more recent discovery of structurally-related high-grade gold
mineralization at Valley of the Kings underscores the variety of exploration targets available to Aben.
Since the completion of significant exploration activity in the early 2000s, the area has seen major
infrastructure improvements including roads associated with the construction of the Forrest Kerr and McLymont Creek hydro-electric
facilities near the southern boundary of the property and the construction of the 287KV Northwest Transmission Line. Development of
the Galore Creek Project has also provided road access to the northern reaches of the Forrest Kerr Project, which provide greatly
improved access in addition to new exposures made by road-cuts.
Tim J. Termuende, Director of Aben Resources, has reviewed and approved the technical aspects of this news
release and is the Qualified Person as defined by National Instrument 43-101.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British Columbia, the Yukon and
North West Territories.
For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company’s web site at www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.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.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements
in this release, other than statements of historical facts, that address events or developments that management of the Company
expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments
may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could
cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and financing, and general economic, market or business conditions. Please
see the public filings of the Company at www.sedar.com for further information.
