21:01:00 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Aben Resources Ltd (2)
Symbol ABN
Shares Issued 26,963,790
Close 2014-09-16 C$ 0.05
Market Cap C$ 1,348,190
Recent Sedar Documents

Aben Resources samples 13 m of 0.92 g/t Au at Justin

2014-09-17 07:06 ET - News Release

Mr. James Pettit reports

ABEN RESOURCES EXPLORATION UPDATE AT JUSTIN GOLD-SILVER-TUNGSTEN PROJECT, SOUTHEAST YUKON

Aben Resources Ltd. is releasing an update to its 2014 exploration program at its 100-per-cent-owned 18,314-acre Justin gold-silver-tungsten project. The project area is located in southeast Yukon within the Tintina gold belt approximately 35 kilometres southwest of the Cantung mine and is accessed by an all-season road.

A Justin gold-silver-tungsten project location map is posted on the company's website.

Aben's Justin property is host to numerous styles of intrusion-related mineralization, most notably the newly discovered auriferous gold-silver-tungsten skarn and sheeted vein system that comprises the POW zone. The Justin property area includes the POW, Confluence, Main and Kangas zones, which form part of a 12-kilometre-long mineralized corridor. The property area is 35 kilometres from North American Tungsten Corp.'s Cantung tungsten-copper-gold mine, with other significant projects in the area including Golden Predator's Sprogge and 3-Aces properties. With excellent infrastructure and an active mine with similar geology nearby, Aben's Justin project boasts highly prospective near-surface exploration targets for both gold and tungsten.

The goals of the 2014 exploration program at the Justin project were as follows:

  • To assess the potential for gold mineralization at surface within the POW zone skarn through surface trenching;
  • To assess the potential for Au mineralization within the Justin stock 200 metres south of the POW zone;
  • To expand geochemical survey coverage in proximity to known mineral showings;
  • To make a preliminary assessment of the property for economic tungsten mineralization and resample core previously drilled for tungsten-specific analysis.

Summary of exploration activities

Work completed during the 2014 exploration program included the collection of 60 channel samples from four trenches, 24 rock samples, reanalysis of 230 drill core samples, four silt samples and 151 soil samples with coverage totalling 7.2 line kilometres. The program was focused on two areas, the POW zone and the Big Swifty zone, where previous exploration by the company has shown the potential for intrusion-related gold mineralization at surface.

Assays from the 2014 trenching program returned encouraging results defining gold-bismuth-tellurium-bearing sheeted vein systems at surface within the Justin granodiorite stock and adjacent POW zone skarn.

Trenches TR14-001 and TR14-002 were designed to follow up on a grab sample collected in 2012, which returned 22.2 grams per tonne gold from sheeted veins within the Justin stock granodiorite. Both TR14-001 and TR14-002 successfully delineated gold-tellurium-bismuth-bearing sheeted vein arrays at surface within the Justin stock, extending the prospect 225 metres south along strike from the original POW zone discovery outcrop. TR14-003 was designed to evaluate sheeted vein arrays hosted within calcareous chert, a rock unit that defines the upper contact of the POW zone skarn. Well-developed sheeted vein arrays were sampled; however, TR14-003 returned no significant results. TR14-004 was designed to evaluate sheeted vein arrays hosted within the POW zone skarn, the main exploration target on the Justin property. TR14-004 successfully delineated gold-tellurium-bismuth-bearing sheeted vein arrays within the skarn, extending gold mineralization at surface 50 metres north from that defined in diamond drill holes JN12013 and JN12014 (see news release dated Sept. 25, 2012).

A Justin project 2014 trench location map is available at the company's website.

The intrusion-related gold system is composed of a series of sheeted vein arrays emanating from the Justin stock into the contact aureole skarn. Gold mineralization is currently defined within the sheeted vein arrays and the skarn over an area measuring 400 metres by 500 metres and extends from surface to depths in excess of 200 metres.

In addition, several high-priority exploration targets within one kilometre of the POW zone, as defined by geophysics and geochemistry, remain untested and represent significant potential for expanding the current extent of the intrusion-related gold system.

   
                                                                       
              TRENCH SUMMARY RESULTS                                         
                                                 
                         Composite channel sample
Trench                                    results

TR14-001                 0.33 g/t Au over 6.70 m,
                                        including
TR14-001                 0.59 g/t Au over 3.10 m,
                                        including
TR14-001                  0.96 g/t Au over 0.50 m
TR14-002                 0.23 g/t Au over 4.00 m,
                                        including
TR14-002                  0.95 g/t Au over 0.50 m
TR14-003                   No significant results
TR14-004                0.92 g/t Au over 13.15 m,
                                        including
TR14-004                 1.15 g/t Au over 7.90 m,
                                   also including
TR14-004                  2.76 g/t Au over 1.90 m
                                                                           

Examination of drill core using shortwave ultraviolet lights in 2012 revealed visible scheelite (calcium tungstate) mineralization disseminated within the POW zone skarn and sheeted vein arrays. Review of the 2011 to 2012 drill hole geochemical data set indicated that anomalous concentrations of tungsten were reported in the multielement ICP analysis from several intervals within the POW zone skarn.

With the Justin project being 30 kilometres south of North American Tungsten's world-class Cantung tungsten deposit, the company felt it prudent to resample select intervals of drill core identified as anomalous tungsten concentrations (greater than 200 parts per million W) within the ICP data set. A total of 230 samples from seven drill holes were selected for analysis using pressed-pellet X-ray fluorescence and fusion XRF analytical techniques and will provide a preliminary assessment of the potential for economic tungsten mineralization within the POW zone. Assay results are currently pending.

Qualified person and quality assurance

Mike McCuaig, PGeo, Justin project geologist and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this release.

All samples were submitted to ALS Minerals in Whitehorse for preparation. Geochemical analysis was completed at ALS Minerals Laboratory in Vancouver. The following analytical techniques were used for all rock samples: ME-MS41, Au-AA23 30-gram fire assay, Au-GRA21 30-gram fire assay for all samples greater than 10 parts per million gold, ME-OG46 for all samples greater than 10,000 parts per million zinc, Zn-VOL50 for all samples greater than 300,000 parts per million zinc, W-XRF05 for all samples greater than 200 parts per million tungsten in the ME-MS41 analysis and W-XRF10 for all samples greater than 5,000 parts per million tungsten in the W-XRF05 analysis. The following analytical techniques were used for all soil and silt samples: ME-MS41, Au-ST43 and Au-AROR43 for all samples greater than one part per million gold. The company's quality assurance/quality control measures included the insertion of external blanks and standards into the sample stream for all rock chip/channel samples. A minimum of one standard sample and one blank sample were inserted for each trench.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.