Aben drills avg. of 37 m of 0.46 g/t Au at Forrest Kerr

Oct 30, 2020

2020-10-30 08:04 ET – News Release

Mr. James Pettit reports

ABEN RESOURCES PROVIDES RESULTS AND SUMMARY OF 2020 DRILL PROGRAM AT THE FORREST KERR GOLD PROJECT IN BC’S GOLDEN TRIANGLE

Aben Resources Ltd. has provided the results of the recently completed drill program from the Forrest Kerr gold project. The company completed two holes for a total of 990.0 metres. The 2020 drill program tested for the mineralized extension of high-grade polymetallic mineralization on the west side of the Nelson Creek fault zone. Both holes were collared on the scree-covered west bank of the Boundary Valley, several hundred metres outboard from the main mineralized zone at North Boundary.

Hole FK20-71 encountered multiple horizons of polymetallic mineralization (gold-silver-copper-zinc) with the most uniform zone returning an average gold grade of 0.46 gram per tonne Au over 37.0 metres (highest 1.0 m value of 3.45 g/t Au). This horizon directly correlates with a drilled intercept from hole FK19-53 that averaged 1.2 g/t Au over 19 m (located 70 metres above) and several surface samples (180 m above) that returned gold values between 1.0 to 43.3 g/t Au. With limited drilling, this zone shows uniform gold grade mineralization over 180 m of vertical extent with a minimum surficial mineralized footprint exceeding 300 metres along strike. Notably, this mineralization is located west of the Nelson Creek fault zone, a structure that was previously thought to cut off polymetallic mineralization west of the North Boundary high-grade mineralized zone.

FK20-72 tested for the potential of precious metal mineralization at the intersection of the northeast-southwest- directed Blind fault and the north-south-oriented Nelson Creek fault zone. This hole encountered sporadic polymetallic mineralization adjacent to a strongly altered fault-derived (mylonitic) rock package, but failed to encounter the structurally offset high-grade mineralization present at the North Boundary main zone (180 m northeast). A 19.0 m intercept with consistent low-tenor gold grades averaged 0.25 g/t Au between 453.0 to 472.0 m downhole depth, roughly 350 m below the surface of the North Boundary mineralized corridor.

The west-side mineralization is hosted within a volcanic to subvolcanic Hazelton rock package with variably strong quartz-sericite-pyrite (QSP) alteration, abundant quartz veins and a significant potassic component indicative of high-temperature fluids sourced from a proximal mineralizing heat source.

Both drill holes encountered highly fractured rock below approximately 55.0 metres of glacier-derived debris within and adjacent to the Forrest Kerr fault zone, a major crustal feature that provided structural pathways for mineralized fluids. Adverse weather in July, August and into September also affected the efficiency of drilling, which prompted Aben to suspend drilling after 990 m of a planned 1,500 m.

The Forrest Kerr property consists of four separate claim blocks comprising 56 mineral claims (23,397 hectares) and is owned 100 per cent by Aben Resources. Numerous areas of interest have been identified since Aben began systematic exploration in 2016, with a total of 72 drill holes (22,958 metres/75,302 feet) completed. The Boundary Valley (3.5 kilometres by 1.0 km) hosts significant surface gold mineralization and complex structural intersections, both of which are important indicators of the potential for discovery of more subsurface high-grade gold mineralization.

Aben chief executive officer Jim Pettit states: “Despite the challenges the company faced this season at the Forrest Kerr project, we managed to identify a new mineralized zone that shows uniform gold values over significant intervals along strike and to depth. This is significant as the Nelson Creek fault was previously thought to cut off polymetallic mineralization west of the North Boundary high-grade zone. This definitely opens up the west side of the Boundary Valley for further exploration.”

About Aben Resources Ltd.

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-financed junior exploration company.

We seek Safe Harbor.

https://www.abenresources.com/