Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: ABN; ABNAF

Discoveries Continue at BC Golden Triangle Project
News Update

Source:

Canadian company updates its exploration drill program.

Drilling at Aben's Forrest Kerr Project

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."

[NLINSERT]

Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aben Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aben Resources, a company mentioned in this article.




Want to read more about Gold investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe