[Marinir] {Disarmed} Aben (TSX: ABN) Starts Drilling at Justin Gold Project
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Thu Jul 26 18:20:57 CEST 2012
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Aben Commences Diamond Drilling on Justin Gold Project, Southeast Yukon
Aben Resources Ltd. (TSX-V: ABN
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=ABN®ion=C&lookup=symbol&snapshot=default
) (Frankfurt: E2L) (OTC Pink: ABNAF
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=ABNAF®ion=u&lookup=symbol&snapshot=default
) is pleased to announce the commencement of drilling activity on its
100% owned, 18,314 acre flagship Justin Project, where the Company made
a significant greenfield gold-silver drill discovery in 2011. Planned
2012 drilling is budgeted for up to 4,000m. The property is located in
the southeast Yukon on the Tintina Gold Belt approximately 35 kilometres
southeast of the Cantung Mine and is accessed by an all-season road. The
first diamond drill hole has been collared at the POW Zone and is
designed to intercept the western extension of the mineralized interval
in the previously drilled discovery hole JN11009.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
http://www.abenresources.com/i/maps/ABN-Justin.jpg
The field crews have completed the construction of an exploration camp
adjacent to the Nahanni Range Road on the property which will service
all exploration and drilling activities this year. Leading up to the
start of drilling, prospecting and mapping crews have carried out
detailed ground work and surface geological surveys in the area of the
POW Zone. A total of 21 rock samples, 120 soil samples and 9 silt
samples have been collected thus far.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Aurora Geosciences has been contracted to complete a 20 line-km magnetic
geophysical survey on the property to infill the area between the
existing Justin survey and the adjacent VF Property, currently under
option from Bearing Resources (see news release dated March 5, 2012).
The crew has just arrived at the property and the survey is expected to
take four days to complete.
Justin Project Proposed Infill Geophysics and Areas of Interest for
Drilling:
http://www.abenresources.com/i/maps/Justin_AOI_2012_Drilling.jpg
http://www.abenresources.com/i/maps/Justin_AOI_2012_Drilling.jpg
The Company recently received a Class 3 exploration permit for the
Justin Project which is current for five years. This is a significant
milestone for Aben as it allows the Company to carry out a wide range of
exploration activities over the next five years including drilling,
trenching, geophysical and geochemical surveys, sampling and
prospecting.
Planned 2012 Justin Project Drill Program:
The primary targets for the Justin drill program are the POW and Kangas
Zones, with the majority of the drilling to be carried out at the POW
Zone. The principal objective of the current drilling program is to
further test the gold and silver mineralization discovered during
drilling in 2011 at the POW Zone and to follow-up on the high-grade
silver and copper mineralization discovered at the Kangas Zone. The
Company anticipates a total of up to 15-20 drill holes to be completed
during the 2012 program.
Last year, a first-pass drill program consisting of ten drill holes was
completed on the Justin Project to test four different mineralized
zones. The previously reported drill-hole results from the 2011 program
indicated that significant new greenfield gold and silver discoveries
have been made in two areas on the property. Highlights include 60.0
metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold at the
POW Zone, and a 1.07 metre interval of 7320 g/t silver (234 oz/ton Ag)
and 3.52% copper at the Kangas Zone (1.4 kilometres south of the POW
Zone).
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg
http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg
Multi-phase precious metal mineralization is present in the POW Zone
including massive skarn replacement-style mineralization and
structurally-controlled stockwork vein-hosted mineralization. Both
phases of mineralization display geochemical affinity to an Intrusion
Related Gold Model and indicate that the mineralizing system was
long-lived. The size extent of the porphyry dikes present on the
property and their spatial distribution indicate that a multi-kilometric
intrusive stock could be present. The Company plans on initial expansion
drilling around the two 2011 discovery holes at the POW Zone followed by
exploratory drilling of large untested geophysical anomalies proximal to
the discovery zone which are considered high-priority drill targets.
Justin Project 3D Geophysical Mag Survey:
http://www.abenresources.com/i/maps/Justin_Project_3D_Geophysical_Mag_Survey.jpg
http://www.abenresources.com/i/maps/Justin_Project_3D_Geophysical_Mag_Survey.jpg
The Kangas Zone is also targeted for future drilling to follow up on the
2011 discovery of high-grade silver and copper mineralization. The
discovery hole was terminated within the mineralized interval due to
poor ground conditions.
TerraLogic Exploration:
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee
all aspects of the 2012 exploration and drilling programs on the
Company's Yukon projects. TerraLogic has been operating mineral
exploration projects in North America since 1992 and has extensive
experience up in the Yukon and NWT. Through TerraLogic, Aben has
arranged for field crews, support staff, camps, supplies, helicopters
and drill rigs to conduct the exploration to be carried out this year.
Qualified Person:
Tim J. Termuende, P.Geo., is a director and the Qualified Person for
Aben Resources as defined by National Instrument 43-101 and has reviewed
and approved the technical information in this release.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company
developing properties in the Yukon and Northwest Territories.
For further information on Aben Resources Ltd. (TSX-V: ABN
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=ABN®ion=C&lookup=symbol&snapshot=default
), visit our Company's web site at www.abenresources.com
http://www.abenresources.com/
.
Follow the Company on Waggle at
http://waggle.ca/companies/mining/aben_resources_ltd/default.aspx
http://waggle.ca/companies/mining/aben_resources_ltd/default.aspx
. Waggle is a free service that gives investors and TSX-listed companies
a place to share and interact. A TSX community, Waggle is a credible and
managed forum that allows members to use the power of social media to
engage and communicate with one another.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Jordan Trimble
Aben Resources Ltd.
Corporate Development and Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
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 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
http://www.sedar.com/
.
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