Source: Streetwise Reports 12/13/2018
Canadian gold resource company wraps up 2018 with drill results that extend the mineralization found at its project in British Columbia’s Golden Triangle.
Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB), a Canadian gold resource company, completed its 2018 drilling program in British Columbia’s Golden Triangle.
Management released an update on December 13 providing the final results from its 2018 drill program at its 100%-held 23,000-hectare Forrest Kerr Gold Project, located in the heart of British Columbia’s Golden Triangle.
This follows a series of announcements on November 19, October 16, August 23 and August 9, releasing drill results at the project.
Aben Resources had commenced the 2018 drilling program in June, noting the 2018 program will “encompass a 5000-meter diamond drilling program in approximately 18 holes with the potential for program expansion.” The program was subsequently expanded to 10,000 meters.
Source: Aben Resources
The Forrest Kerr Project is found in yellow in the image above. The initial focus of the 2018 drill program was to “expand the high-grade precious metal mineralization discovered in 2017 at the Boundary North Zone, located near the center of the Forrest Kerr Property.”
In early August, Aben announced assays from the first 2018 drill holes. Hole FK18-10, “the first of eight holes that have been drilled thus far, has four separate high-grade zones with the best zone returning and interval of 38.7 g/t Au over 10.0m, including 62.4 g/t Au over 6.0m starting at 114 meters downhole.”
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August 2018 Forrest Kerr Drilling Highlights |
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Four separate high-grade zones intersected in first drill hole FK18-10, all within 190 meters downhole at recently discovered North Boundary Zone. |
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Highest-grade zone consists of 331.0 grams per tonne (g/t) gold Au over 1.0 meter (m) within broad zone, averaging 38.7 g/t Au over 10.0m from 114.0-124.0m, including 62.4 g/t Au over 6.0m (true thicknesses undetermined). |
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Additional high-grade zones in Hole FK18-10 include 22.0 g/t Au, 22.4 g/t silver (Ag) over 4.0m; 3.9 g/t Au, 4.0 g/t Ag over 13.0m; and 8.2 g/t Au, 1.4 g/t Ag over 6.0m. |
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This new discovery is part of the Boundary North Zone and is 230m north of the historical high-grade drill hole drilled by Noranda in 1991. |
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Plans to expand the drill program are being put in place and assays are pending for seven more drill holes. |
Source: Aben Resources
The August 23 announcement provided details on the discovery of mineralization at the South Boundary Zone, 1.5 km south of the North Boundary Zone, opening up an entirely new zone. This was followed up in October with a further analysis of the three holes drilled in that zone. The company noted, “These holes represent the first ever drill holes collared in this target area and have intersected numerous broad horizons of mineralized veins containing abundant pyrite and variable amounts of chalcopyrite. Discovery hole FK18-21 intersected 379.2 meters of 0.10 grams/tonne (g/t) Au starting at a depth of 4.8m including 89.0m of 0.24 g/t Au and 9.0m of 0.95 g/t Au. Gold values in all three holes range from trace amounts to greater than 5 g/t in the 1- or 2-meter sample intervals (silver values range from trace to 8.7 g/t and copper values range from trace to 9500 ppm).”
Wrapping Up 2018
Bringing this year’s efforts to a close, the company reported the final results from the summer drill program at the Forrest Kerr Project.
According to the company, the final series of holes from the 2018 program, FK18-37 to 45, “focused on areas immediately adjacent to known high-grade gold horizons and sought to test for an extension of the mineralized area identified at the North Boundary Zone. Results show broad horizons of low-grade gold mineralization punctuated by intermittent intercepts of moderate to high-grade gold-silver-copper-zinc values.”
President and CEO Jim Pettit stated, “This has been a significant season for us in the Golden Triangle. We had success early and managed to raise funds and we managed to increase our 2018 drill program to almost 10,000 meters. Granted, we did this with the understanding we would have our Multi Year Area Based Permit in hand, but, because of the extreme fires this summer, that was not to be. We did, however, manage to get a lot of good work done this year and have a tremendous amount of data to analyze to help get ready for next year. . .only a fraction of the prospective targets at the Boundary Zone have been drill-tested to date.”
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1) Nikia Wade compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB,
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