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Aben Resources Ltd.
Summary
| Project: | Forrest Kerr | |
|---|---|---|
| Deposit: | North Boundary | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-11-2018: Aben Resources Ltd. announces an Exploration/Drilling Update report for its North Boundary deposit at the Forrest Kerr project. Drilling results incl. 21.0m @ 1.2g/t Au, 0.9g/t Ag, 704ppm Cu from 46.0m. Vancouver, BC -- Aben Resources Ltd. (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Cornell McDowell (Internal) | |
| ABSTRACT: | Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) reports further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 highgrade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of known mineralized shear and vein sets located in the North Boundary Zone. Broad horizons of low to moderate grade gold mineralization were encountered in several of the 15 drill holes (FK18-22 36) reported herein, while all drill holes encountered discrete polymetallic vein hosted mineralization with gold values ranging from trace amounts to 13 grams per tonne (g/t) over 1 meter. Forrest Kerr Drill Hole Plan View Map: https://abenresources.com/site/assets/files/4855/abn_fk_north_boundary_inset_drilling.jpg President and CEO, Jim Pettit states: “The 2018 season has been a geologic and technical success in terms of what we have accomplished this year. We started out with a 5000 meter drill program and expanded it to 10,000 meters after success with the drill. We raised $5.2 million and an additional $1.7 million from the exercise of warrants. Logistically, we adapted quickly and efficiently on the fly and actually substantially reduced our overall cost of drilling per meter. We have identified the Boundary Zone as a very large, robust environment for gold mineralization and discovery. We have 9 more holes to report on from this season and we look forward to compiling all the data available to us generated from this 2018 drilling program as well as new geochemical and geophysical analysis. It is also important to note we have the funds in the treasury for the 2019 exploration and drill program.” | |
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