Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) has intersected mineralization 1.5km south of the North Boundary Zone in a newly discovered area called the South Boundary Zone, the company reported in a news release.
"Aben has now completed 4,850 meters of drilling in 16 holes at Forrest Kerr in 2018," reported the company. "The majority of drilling has taken place at the North Boundary area where high-grade precious and base metal mineralization was discovered in 2017 drill holes as well as in the first reported drill hole of 2018. The ongoing drill program has been expanded and will continue well into the Fall."
Of the sixteen holes, three (1,150m) were completed on the southwest side of the valley at the "South Boundary" target, located 1.5km south of the strong gold and copper mineralization intersected at the North Boundary Zone.
"Drilling in this area targeted a prominent soil geochemical anomaly (Au, Cu) that trends southward over 2km," stated Aben. "These three holes represent the first ever drill-holes collared in this target and have intersected numerous broad horizons of quartz-sulfide veins containing abundant pyrite and copper (chalcopyrite) mineralization. The mineralized veins are hosted within a package of Hazelton Group volcanic rock that display moderate to strong silica-sericite alteration with a variable chlorite and potassic alteration component. This combination of sulfide mineralization and alteration has been indicative toward the potential for associated precious metal values throughout the 4km x 2km Boundary Zone".
The assay results for South Boundary and North Boundary drilling are pending. The company will report the results once they have been received, compiled and interpreted.
"The target at the South Boundary Zone is an area of interest due to the elevated gold in rock and soil values that are coincident with an historic electromagnetic ("EM") conductive geophysical anomaly," stated the company, adding that it is highly encouraged that the mineral potential of the Forrest Kerr property has been greatly expanded through drilling at the newly discovered South Boundary Zone.
"This new discovery of mineralization 1.5km south of the North Boundary Zone is a major development for the Company and further highlights the robust discovery potential at the Forrest Kerr Project. The mineralizing system at the property is apparently widespread and well-developed with high-grade mineralization being discovered at shallow depths over a large area," stated Jim Pettit, president and CEO of Aben Resources. "We believe we have only just scratched the surface at the newly discovered North and South Boundary Zones and an expanded drill program is currently underway with assays pending for most of the holes drilled to date."
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