Explorer Wraps Up 'Significant Season' in British Columbia's Golden Triangle

Source: Streetwise Reports   12/13/2018

Canadian gold resource company wraps up 2018 with drill results that extend the mineralization found at its project in British Columbia’s Golden Triangle.

Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB), a Canadian gold resource company, completed its 2018 drilling program in British Columbia’s Golden Triangle.

Management released an update on December 13 providing the final results from its 2018 drill program at its 100%-held 23,000-hectare Forrest Kerr Gold Project, located in the heart of British Columbia’s Golden Triangle.

This follows a series of announcements on November 19, October 16, August 23 and August 9, releasing drill results at the project.

Aben Resources had commenced the 2018 drilling program in June, noting the 2018 program will “encompass a 5000-meter diamond drilling program in approximately 18 holes with the potential for program expansion.” The program was subsequently expanded to 10,000 meters.

Source: Aben Resources

The Forrest Kerr Project is found in yellow in the image above. The initial focus of the 2018 drill program was to “expand the high-grade precious metal mineralization discovered in 2017 at the Boundary North Zone, located near the center of the Forrest Kerr Property.”

In early August, Aben announced assays from the first 2018 drill holes. Hole FK18-10, “the first of eight holes that have been drilled thus far, has four separate high-grade zones with the best zone returning and interval of 38.7 g/t Au over 10.0m, including 62.4 g/t Au over 6.0m starting at 114 meters downhole.”

Source: Aben Resources

The August 23 announcement provided details on the discovery of mineralization at the South Boundary Zone, 1.5 km south of the North Boundary Zone, opening up an entirely new zone. This was followed up in October with a further analysis of the three holes drilled in that zone. The company noted, “These holes represent the first ever drill holes collared in this target area and have intersected numerous broad horizons of mineralized veins containing abundant pyrite and variable amounts of chalcopyrite. Discovery hole FK18-21 intersected 379.2 meters of 0.10 grams/tonne (g/t) Au starting at a depth of 4.8m including 89.0m of 0.24 g/t Au and 9.0m of 0.95 g/t Au. Gold values in all three holes range from trace amounts to greater than 5 g/t in the 1- or 2-meter sample intervals (silver values range from trace to 8.7 g/t and copper values range from trace to 9500 ppm).”

Wrapping Up 2018

Bringing this year’s efforts to a close, the company reported the final results from the summer drill program at the Forrest Kerr Project.

According to the company, the final series of holes from the 2018 program, FK18-37 to 45, “focused on areas immediately adjacent to known high-grade gold horizons and sought to test for an extension of the mineralized area identified at the North Boundary Zone. Results show broad horizons of low-grade gold mineralization punctuated by intermittent intercepts of moderate to high-grade gold-silver-copper-zinc values.”

President and CEO Jim Pettit stated, “This has been a significant season for us in the Golden Triangle. We had success early and managed to raise funds and we managed to increase our 2018 drill program to almost 10,000 meters. Granted, we did this with the understanding we would have our Multi Year Area Based Permit in hand, but, because of the extreme fires this summer, that was not to be. We did, however, manage to get a lot of good work done this year and have a tremendous amount of data to analyze to help get ready for next year. . .only a fraction of the prospective targets at the Boundary Zone have been drill-tested to date.”

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Nikia Wade compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Aben Resources. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Aben Resources. Please click here for more information.
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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Aben Resources, a company mentioned in this article.

( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB, )