Aben Resources Ltd. /
Aben Resources Ltd. : Aben Commences Diamond Drilling on Justin Gold Project,
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Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
Trading Symbol (TSX-V: ABN), (Frankfurt: E2L)
July 26, 2012
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (Frankfurt: E2L) (OTC Pink:
ABNAF) (the "Company") is pleased to announce the commencement of drilling
activity on its 100% owned, 18,314 acre flagship Justin Project, where the
Company made a significant greenfield gold-silver drill discovery in 2011.
Planned 2012 drilling is budgeted for up to 4,000m. The property is located in
the southeast Yukon on the Tintina Gold Belt approximately 35 kilometres
southeast of the Cantung Mine and is accessed by an all-season road. The first
diamond drill hole has been collared at the POW Zone and is designed to
intercept the western extension of the mineralized interval in the previously
drilled discovery hole JN11009.
Justin Gold Project Location Map:
The field crews have completed the construction of an exploration camp adjacent
to the Nahanni Range Road on the property which will service all exploration and
drilling activities this year. Leading up to the start of drilling, prospecting
and mapping crews have carried out detailed ground work and surface geological
surveys in the area of the POW Zone. Â A total of 21 rock samples, 120 soil
samples and 9 silt samples have been collected thus far.
Justin Project Claims Map:
Aurora Geosciences has been contracted to complete a 20 line-km magnetic
geophysical survey on the property to infill the area between the existing
Justin survey and the adjacent VF Property, currently under option from Bearing
Resources (see news release dated March 5, 2012). The crew has just arrived at
the property and the survey is expected to take four days to complete.
Justin Project Proposed Infill Geophysics and Areas of Interest for Drilling:
The Company recently received a Class 3 exploration permit for the Justin
Project which is current for five years. This is a significant milestone for
Aben as it allows the Company to carry out a wide range of exploration
activities over the next five years including drilling, trenching, geophysical
and geochemical surveys, sampling and prospecting.
Planned 2012 Justin Project Drill Program:
The primary targets for the Justin drill program are the POW and Kangas Zones,
with the majority of the drilling to be carried out at the POW Zone. The
principal objective of the current drilling program is to further test the gold
and silver mineralization discovered during drilling in 2011 at the POW Zone and
to follow-up on the high-grade silver and copper mineralization discovered at
the Kangas Zone. The Company anticipates a total of up to 15-20 drill holes to
be completed during the 2012 program.
Last year, a first-pass drill program consisting of ten drill holes was
completed on the Justin Project to test four different mineralized zones. The
previously reported drill-hole results from the 2011 program indicated that
significant new greenfield gold and silver discoveries have been made in two
areas on the property. Highlights include 60.0 metres of 1.19 g/t gold including
21.0 metres of 2.47 g/t gold at the POW Zone, and a 1.07 metre interval of 7320
g/t silver (234 oz/ton Ag) and 3.52% copper at the Kangas Zone (1.4 kilometres
south of the POW Zone).
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
Multi-phase precious metal mineralization is present in the POW Zone including
massive skarn replacement-style mineralization and structurally-controlled
stockwork vein-hosted mineralization. Both phases of mineralization display
geochemical affinity to an Intrusion Related Gold Model and indicate that the
mineralizing system was long-lived. The size extent of the porphyry dikes
present on the property and their spatial distribution indicate that a multi-
kilometric intrusive stock could be present. The Company plans on initial
expansion drilling around the two 2011 discovery holes at the POW Zone followed
by exploratory drilling of large untested geophysical anomalies proximal to the
discovery zone which are considered high-priority drill targets.
Justin Project 3D Geophysical Mag Survey:
The Kangas Zone is also targeted for future drilling to follow up on the 2011
discovery of high-grade silver and copper mineralization. The discovery hole was
terminated within the mineralized interval due to poor ground conditions.
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC 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 up in the Yukon and NWT. Through
TerraLogic, Aben has arranged for field crews, support staff, camps, supplies,
helicopters and drill rigs to conduct the exploration to be carried out this
Tim J. Termuende, P.Geo., is a director and the Qualified Person for Aben
Resources as defined by National Instrument 43-101 and has reviewed and approved
the technical information in this release.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company developing
properties in the Yukon and Northwest Territories.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company's
web site at www.abenresources.com.
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ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Corporate Development and Communications
Toll Free: 800-567-8181
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is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
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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
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Source: Aben Resources Ltd. via Thomson Reuters ONE