Source: Streetwise Reports 09/29/2018
This Canadian company reported encouraging findings from its first drill holes.
Drill results revealed that Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) expanded the North Boundary zone at its Forrest Kerr project in British Columbia and confirmed “the presence of a robust mineralizing system in the area,” Jim Pettit, president and CEO, said in a news release.
Of the eight stepout holes at the North Boundary zone, for which Aben reported results, most hit shallow, high-grade gold mineralization and all encountered gold-silver-copper-zinc mineralization. The highlights included:
- Hole FK18-12 that showed 5.08 grams per ton (5.08 g/t) Au over 12 meters (12m)
- Hole FK18-13 that showed 23.3 g/t Au over 2m
- Hole FK18-17 that showed 10.62 g/t Au over 3m.
All of the findings portend well for the discovery of additional mineralized structures at Forrest Kerr, according to the company. The North Boundary zone remains open in all directions.
“Based on the geochemical and new geophysical data available to us, we can clearly see the potential of the area that now includes the North Boundary zone, the historic Noranda hole 230m to the south and the South Boundary zone another 1.5 kilometers further south,” Pettit added.
Of its current drill program at Forrest Kerr, Aben has completed 36 holes thus far, and assays remain pending for 27 of them. In other words, final results have been received for 3,000 meters of the total drilling anticipated, of 10,000m. “This new high-grade discovery is still in its early days, and with this increased drill program there will be news for some time to come,” according to Pettit.
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( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB,
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From:: The Gold Report