Aben
Resources Completes 2011 Exploration Programs in Yukon and NWT
Aben Resources
Ltd. (TSX-V: ABN) (FWB: E2L) (the "Company") is pleased to provide an update on
its Selwyn Recce and Justin Gold Projects in the Yukon and the Northwest
Territories (NWT).
Aben's Yukon and NWT
Properties Claims Map:
http://www.abenresources.com/i/maps/ABN_Property_Location.jpg
Field crews completed a very large scale regional reconnaissance program
on the Company's Selwyn Recce Gold Project that included geological mapping,
regional prospecting, geochemical surveys and geophysical surveys. Eighteen
high priority targets had previously been identified to form the focus of the
project's 2011 exploration efforts. The bulk of the field work was carried out
on the high priority targets with many thousands of samples having been
collected including:
- 7368 soil samples
- 681 rock samples
- 668 silt samples
- 14 heavy mineral
bulk samples
- 51 petrographic analysis samples
The Company has received about 75% of the analytical results from the
field work carried out on the Selwyn Recce Project this season. As Aben waits for the remaining results to come in, all of the
obtained data is currently being imported into a database to allow for
geological interpretation and analysis. Once all of the results and data have
been imputed into the database and analyzed, the Company's geologists will make
final conclusions and recommendations in preparation for next season's work
programs on the project. Aben expects this
technical geological report to be completed by mid-December with subsequent
news releases to follow.
Aben's NWT Selwyn
Recce Prospecting Permits:
http://www.abenresources.com/i/maps/ABN-NWT-Prospecting-Permits.jpg
As a result of the proprietary database acquired earlier this year and
the extensive exploration work carried out this season, the Company has been
very aggressive in staking land in the Selwyn Recce area. In total an
additional 147,404 acres of highly prospective ground in the NWT and the Yukon
was staked by Aben in the region.
The Selwyn Recce Project is comprised of the previously announced NWT
Permits totaling 426,821 acres of ground (see news release dated Feb. 14, 2011)
as well as additional land that was staked this season in the Yukon and NWT
directly east of ATAC Resources' (TSX.V-ATC) Rau and Osiris gold zones. The
area has garnered considerable attention recently with the discovery of
Carlin-style mineralization in the Yukon at ATAC Resources' Osiris gold zone. Aben's permits and newly staked claims cover prospective
targets with both Carlin-style stratigraphy and promising geochemical
signatures. In addition to being prospective for the presence of Carlin-type
gold deposits, the permits and claims have the potential to host carbonate and
sedimentary-exhalative ("sedex") style
silver-lead-zinc deposits as well as sediment-hosted copper deposits.
Update on the Justin Gold Project, Yukon
Aben recently
completed its phase one, ten hole diamond drill program on its 100% owned 4,414
acre Justin Gold Project located within 10 kilometres
of Northern Tiger's (TSX-V: NTR) 3Ace Gold Project. The assay results are still
pending for the ten holes and are expected to be received within the next few
weeks. The majority of the drilling was conducted on zones that have never
before been tested by diamond drilling. Encouraging mineralization was noted in
most of the holes.
Aben engaged TerraLogic Exploration Inc. of Cranbrook,
BC to oversee all aspects of the 2011 exploration and drilling programs on the
Company's Yukon and NWT 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 arranged for field crews, support staff, camps,
supplies, helicopters and drill rigs to conduct the exploration carried out
this year. The Company's budget for its 2011 exploration programs on its
properties was approximately $5 million.
Tim J. Termuende, P.Geo.,
is 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. The Company is well funded with approximately
$3 million in its treasury.
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