Source: Streetwise Reports 08/10/2018
Four high-grade zones reported at first hole of this season’s drilling at a project in British Columbia’s Golden Triangle.
Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recently
reported that assay results from the first drill hole of the 2018 season have been received. According to the company, hole FK18-10 has four separate high-grade zones with the best zone returning an interval of 38.7 g/t Au over 10.0 meters, including 62.4 g/t Au over 6.0 meters starting at 114 meters downhole. It is the first of eight holes that have been drilled thus far, and was collared in the North Boundary Zone of the Forrest Kerr Property in BC’s Golden Triangle region where drilling late in the season in 2017 discovered strong precious and base metal mineralization.
“The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary Zone. We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization. The target areas in and around the Boundary Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic exploration methodology,” said Jim Pettit, president and CEO of Aben Resources.
Hole FK18-10 hole has further defined and significantly increased the zone of precious and base metal mineralization that the 2017 holes originally intersected. Of particular note, the high-grade interval of 331.0 g/t Au was encountered 230 meters north of a 326 g/t Au interval reported by Noranda in 1991, and is part of the Boundary North Zone.
The highest-grade zone consists of 331.0 g/t gold over 1.0 meter within a broad zone averaging 38.7 g/t Au over 10.0 meters from 114.0-124.0 meters including 62.4 g/t Au over 6.0 meters.
“Mineralization at North Boundary reflects the poly-metallic nature of the core with widely variable values of Au, Ag, Cu, Pb and Zn throughout,” the company noted.
Plans are being established to expand the drill program and assays are pending for seven more drill holes, Aben reported.
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( Companies Mentioned: ABN:TSX.V; ABNAF:OTCQB,
)
From:: The Gold Report