Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recently reported that assay results from the first drill hole of the 2018 season have been received. According to the company, hole FK18-10 has four separate high-grade zones with the best zone returning an interval of 38.7 g/t Au over 10.0 meters, including 62.4 g/t Au over 6.0 meters starting at 114 meters downhole. It is the first of eight holes that have been drilled thus far, and was collared in the North Boundary Zone of the Forrest Kerr Property in BC's Golden Triangle region where drilling late in the season in 2017 discovered strong precious and base metal mineralization.
"The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary Zone. We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization. The target areas in and around the Boundary Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic exploration methodology," said Jim Pettit, president and CEO of Aben Resources.
Hole FK18-10 hole has further defined and significantly increased the zone of precious and base metal mineralization that the 2017 holes originally intersected. Of particular note, the high-grade interval of 331.0 g/t Au was encountered 230 meters north of a 326 g/t Au interval reported by Noranda in 1991, and is part of the Boundary North Zone.
The highest-grade zone consists of 331.0 g/t gold over 1.0 meter within a broad zone averaging 38.7 g/t Au over 10.0 meters from 114.0-124.0 meters including 62.4 g/t Au over 6.0 meters.
"Mineralization at North Boundary reflects the poly-metallic nature of the core with widely variable values of Au, Ag, Cu, Pb and Zn throughout," the company noted.
Plans are being established to expand the drill program and assays are pending for seven more drill holes, Aben reported.
Read what other experts are saying about:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. 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.
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.