VANCOUVER, BC--(Marketwire - Sep 25, 2012) - Aben Resources Ltd. (TSX VENTURE: ABN)
(FRANKFURT: E2L) (PINKSHEETS: ABNAF) (the "Company") is pleased to
announce additional drill results from its
2012 exploration program at its 100% owned, 18,314-acre flagship Justin
Project
within the Tintina Gold Belt in southeast Yukon.
The first phase of drilling, totaling 1,298 metres in six holes within
the POW
Zone, was completed in August. Assay results from the first 2012 drill hole
were
previously reported (see News Release dated August 16, 2012), while
results of
the remaining five holes are reported here with gold mineralization
being
intersected in all but one hole which was abandoned before reaching
target
depth. A second phase of drilling at the Justin Project is currently
underway
with three additional holes completed so far. Assay results are pending.
Justin Gold Project Location Map:
http://www.abenresources.com/i/maps/ABN-Justin.jpg
Highlights:
* Gold mineralization has been intersected in all seven completed holes
at the
POW Zone (one hole was abandoned due to poor ground conditions).
* POW Zone West drill hole JN12016, located more than 150 metres south of
northernmost hole JN11010, intersects 5.3 metres of 4.12 g/t gold.
* The presence of both a shallowly buried intrusion and an Intrusion
Related
Gold System (IRGS) is confirmed by consistent IRGS
mineralogy/alteration and
sheeted veining observed in drill core and surface mapping (multi-
phased
gold mineralization is present at the Justin Project).
* Results from drill holes JN12012-JN12016 continue to demonstrate the
potential for sizable zones of gold mineralization at the POW Zone
including
possible zones of gold mineralization hosted within the multi-
kilometric
intrusive stock.
* Intense and widespread alteration observed in drill core and surface
mapping
substantiates the multi-kilometric intrusive contact zone as a high-
priority
drill target.
* A second phase of drilling is currently underway with a focus on
expanding
the POW Zone West. This zone remains open in all directions and has
shown
notable consistency of gold mineralization in each of the four reported
holes from this zone to date.
Discussion of POW Zone West and Results from Drill Hole JN12016:
Hole JN12016 was drilled to test the potential for skarn hosted
gold
mineralization south of previously reported holes JN11009, JN11010 and
JN12011.
Drill hole JN12016 was successful in intersecting skarn-hosted sheeted
veining
which returned a significant result of 5.3 metres of 4.12 g/t gold.
This is
interpreted as the southernmost intersection to date at the POW Zone West
as the
hole was collared over 150 metres from the northernmost hole JN11010.
Justin Project Cross Section of POW Zone Drill Hole JN12016:
http://www.abenresources.com/i/maps/Justin_X_Sect_Hole_JN12016.jpg
The first four holes testing the POW Zone West have all intersected
significant
gold intervals near surface with notable consistency and continuity
of the
auriferous skarn mineralization in each hole. Discovery hole JN11009
returned
60.0 metres of 1.19 g/t gold, hole JN11010 returned 11.3 metres of 2.7 g/t
gold,
hole JN12011 returned 46.4 metres of 1.49 g/t gold, and now
JN12016 has
intersected 5.3 metres of 4.12 g/t gold. All of the holes planned in the
current
second phase of drilling will focus on expanding this mineralized zone
as it
remains open in all directions.
Justin Project Plan View of POW Zone Drilling:
http://www.abenresources.com/i/maps/Pow_Zone_Highlights_Sep_2012.jpg
Discussion of POW Zone East and Results from Drill Holes JN12013-JN12015:
Holes JN12012, JN12013 and JN12014 were drilled to test the original POW
Zone
surface showing, dubbed the "POW Zone East", and all intersected zones of
gold
mineralization. Discovered in 2010 through a surface sampling program, this
zone
is located 400 metres southeast of the intersection in discovery hole
JN11009.
Holes JN12012 and JN12014 were drilled to test the down dip extension of
the POW
Zone East and to test newly discovered auriferous veins west of the
original
showing. Both JN12012 and JN12014 intersected a zone of sheeted veining
hosted
both within near-surface skarn mineralization and the intrusive stock at
depth.
Drilling indicates the structure extends to a depth of at least 165
metres and
that it has the potential to host gold mineralization.
The POW Zone represents the known northern limit of a large property-
scale
structure, extending over two kilometres southward to the Main Zone
skarn
showing. Hole JN12013 was drilled at an azimuth of 260 degrees to test
sheeted
veins occurring on surface. JN12013 was successful in delineating a
zone of
near-surface sheeted veins, not previously sampled. Hole JN12015 was
abandoned
shortly after it commenced due to difficult drilling conditions and as a
result
no significant results were returned.
Significant results from JN12012-JN12016 are summarized below in the
table
below:
+------------+----------+--------+--------------+----------+
| Drill Hole | From (m) | To (m) | Interval (m) | Au (g/t) |
+------------+----------+--------+--------------+----------+
| JN12012 | 79.9 | 102.1 | 22.2 | 0.26 |
+------------+----------+--------+--------------+----------+
| including | 83.3 | 91.1 | 7.8 | 0.41 |
+------------+----------+--------+--------------+----------+
| JN12013 | 14.2 | 21.3 | 7.1 | 0.67 |
+------------+----------+--------+--------------+----------+
| including | 17.0 | 18.2 | 1.2 | 3.11 |
+------------+----------+--------+--------------+----------+
| and | 26.6 | 34.0 | 7.4 | 1.81 |
+------------+----------+--------+--------------+----------+
| including | 30.8 | 33.0 | 2.2 | 4.42 |
+------------+----------+--------+--------------+----------+
| and | 100.0 | 100.3 | 0.3 | 5.01 |
+------------+----------+--------+--------------+----------+
| and | 119.0 | 120.0 | 1.0 | 1.85 |
+------------+----------+--------+--------------+----------+
| JN12014 | 41.5 | 43.3 | 1.8 | 4.22 |
+------------+----------+--------+--------------+----------+
| and | 117.3 | 117.6 | 0.3 | 8.61 |
+------------+----------+--------+--------------+----------+
| and | 184.4 | 185.0 | 0.6 | 1.45 |
+------------+----------+--------+--------------+----------+
| and | 187.2 | 187.5 | 0.3 | 1.68 |
+------------+----------+--------+--------------+----------+
| and | 196.6 | 196.9 | 0.3 | 4.48 |
+------------+----------+--------+--------------+----------+
| and | 217.0 | 224.5 | 7.5 | 0.94 |
+------------+----------+--------+--------------+----------+
| including | 223.9 | 224.5 | 0.6 | 1.80 |
+------------+----------+--------+--------------+----------+
| JN12015 | No Significant Results - Hole Abandoned |
+------------+----------+--------+--------------+----------+
| JN12016 | 98.0 | 99.0 | 1.0 | 4.15 |
+------------+----------+--------+--------------+----------+
| and | 102.0 | 107.3 | 5.3 | 4.12 |
+------------+----------+--------+--------------+----------+
| including | 104.7 | 107.3 | 2.6 | 8.20 |
+------------+----------+--------+--------------+----------+
| and | 133.2 | 133.6 | 0.4 | 4.46 |
+------------+----------+--------+--------------+----------+
* g/t = grams per metric tone
* Au intercepts were calculated using a 0.1 g/t Au cut-off grade
* The reported results above are down-hole interval lengths; true widths
for the
mineralized intercepts are not yet known
Discussion of POW Zone Geology and Intrusion Related Gold Systems:
In addition to skarn-hosted gold mineralization other characteristics of
IRGS
mineralization, such as sheeted veining, have been observed at the Justin
property in drill core and on surface both within the intrusion and the
surrounding country rock. These indicate zones of structural preparation,
presenting prospective targets for IRGS mineralization. There are also
large
untested geophysical anomalies, considered high-priority targets, proximal
to
the POW discovery zone.
Justin Project Geophysics and Areas of Interest for Drilling:
http://www.abenresources.com/i/maps/Justin_Geophysics_Compilation_Mag.jpg
Producing IRGS deposits within the Tintina Gold Belt include Kinross' Fort
Knox
operation in Alaska, with reported proven and probable reserves of 314Mt
grading
0.43 g/t Au, representing 4.3 million ounces of contained gold (Kinross
Mineral
Reserve and Resource Statement, December, 2011). Advanced IRGS projects
in the
Yukon include Victoria Gold's Eagle Gold Deposit with an NI 43-101
compliant
indicated resource of 4.8 million ounces of gold and inferred resources of
1.5
million ounces of gold. (Victoria Gold website, September, 2012).
Readers are
cautioned that past results or discoveries on proximate land are not
necessarily
indicative of the results that may be achieved on the Justin property.
Justin Property Location and Previous Exploration on the Project:
The Justin property is located in the southeast Yukon within the Tintina
Gold
Belt approximately 35 kilometres southeast of the Cantung Mine and is
accessed
by an all-season road. Justin property tenure is contiguous with Northern
Tiger
Resources' (TSX-V: NTR) 3Ace Gold Project.
Justin Project Claims Map:
http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
In 2011, a first-pass drill program consisting of 2,020 metres in ten
drill
holes targeting four separate mineralized zones was completed on the
Justin
Project. The previously reported drill hole results indicate that the POW
Zone
represents a significant new greenfield gold discovery. Highlights from
that
program include 60.0 metres of 1.19 g/t gold including 21.0 metres of
2.47 g/t
gold in hole JN11009. The first hole drilled during the 2012 season,
JN12011,
returned 46.4 metres of 1.49 g/t gold including 9.2 metres of 3.88 g/t
gold,
successfully tracing gold mineralization at the discovery zone an
additional 85
metres laterally to the west.
In conjunction with diamond drilling, 2012 exploration activity to date has
also
included prospecting, detailed mapping, ground geophysical surveying
and the
construction of an exploration camp adjacent to the Nahanni Range Road.
Qualified Person and Quality Assurance:
Carl Schulze, Qualified Person for Aben Resources' Justin Project as
defined by
National Instrument 43-101, has reviewed and approved the technical
information
in this release. Rock and drill core analysis was conducted by ALS
Minerals
Canada. Samples were analyzed for multiple elements by aqua regia 35
element
ICP-AES and for gold by 30 gram fire assay with AA finish. Gravimetric
fire
assay was done for samples returning greater than 10 g/t Au from
ICP-AES
analysis. When visible gold was noted in drill core or rock samples,
"Metallic
Screen Fire Assay" analysis was utilized. The Company has implemented a
quality
assurance and quality control (QA-QC) program to ensure that the
sampling and
analysis of all samples is conducted in accordance with industry best
practices,
including insertions of blank, standard and duplicate samples.
TerraLogic Exploration:
Aben has engaged TerraLogic Exploration Inc. to oversee all aspects of the
2012
exploration and drilling programs on the Company's Yukon projects.
TerraLogic
has been operating mineral exploration projects in North America since
1992 and
has extensive experience in the Yukon and NWT.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company
exploring and
developing its portfolio of properties in the Yukon and NWT in which
it has
exploration rights to more than 600,000 acres of land. The Company's
road-
accessible flagship property, the Justin Gold Project, boasts a new
greenfield
discovery made in 2011. An aggressive 2012 follow-up surface
exploration and
diamond drilling program is currently underway.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our
Company's
web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Jordan Trimble
Aben Resources Ltd.
Corporate Development and Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility
for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements"
that may
involve a number of risks and uncertainties. There can be no assurance that
such
statements will prove to be accurate, and actual results and future events
could
differ materially from those anticipated in such statements. For a more
detailed
discussion of such risks and other factors, refer to the Company's filings
with
Canadian Securities regulators available on www.sedar.com.
This announcement is distributed by Thomson Reuters on behalf of
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aben Resources Ltd. via Thomson Reuters ONE
[HUG#1643276]
Aben Resources Ltd. /
Aben Resources Ltd.: Aben Intersects 5.3m of 4.12 g/t Au in 150m Step-out
Hole
at POW Zone West on its Justin Gold Project, Yukon
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.abenresources.com
Trading Symbol (TSX VENTURE: ABN), (FRANKFURT: E2L) Telephone: (604)
687-3376
Email: info@abenresources.com Facsimile : (604) 687-
3119