Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (Frankfurt: E2L) (OTC Pink: ABNAF) (the "Company") is pleased to announce the commencement of drilling activity on its 100% owned, 18,314 acre flagship Justin Project, where the Company made a significant greenfield gold-silver drill discovery in 2011. Planned 2012 drilling is budgeted for up to 4,000m. The property is located in the southeast Yukon on the Tintina Gold Belt approximately 35 kilometres southeast of the Cantung Mine and is accessed by an all-season road. The first diamond drill hole has been collared at the POW Zone and is designed to intercept the western extension of the mineralized interval in the previously drilled discovery hole JN11009.
The field crews have completed the construction of an exploration camp adjacent to the Nahanni Range Road on the property which will service all exploration and drilling activities this year. Leading up to the start of drilling, prospecting and mapping crews have carried out detailed ground work and surface geological surveys in the area of the POW Zone. A total of 21 rock samples, 120 soil samples and 9 silt samples have been collected thus far.
Aurora Geosciences has been contracted to complete a 20 line-km magnetic geophysical survey on the property to infill the area between the existing Justin survey and the adjacent VF Property, currently under option from Bearing Resources (see news release dated March 5, 2012). The crew has just arrived at the property and the survey is expected to take four days to complete.
Justin Project Proposed Infill Geophysics and Areas of Interest for Drilling:
The Company recently received a Class 3 exploration permit for the Justin Project which is current for five years. This is a significant milestone for Aben as it allows the Company to carry out a wide range of exploration activities over the next five years including drilling, trenching, geophysical and geochemical surveys, sampling and prospecting.
Planned 2012 Justin Project Drill Program:
The primary targets for the Justin drill program are the POW and Kangas Zones, with the majority of the drilling to be carried out at the POW Zone. The principal objective of the current drilling program is to further test the gold and silver mineralization discovered during drilling in 2011 at the POW Zone and to follow-up on the high-grade silver and copper mineralization discovered at the Kangas Zone. The Company anticipates a total of up to 15-20 drill holes to be completed during the 2012 program.
Last year, a first-pass drill program consisting of ten drill holes was completed on the Justin Project to test four different mineralized zones. The previously reported drill-hole results from the 2011 program indicated that significant new greenfield gold and silver discoveries have been made in two areas on the property. Highlights include 60.0 metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold at the POW Zone, and a 1.07 metre interval of 7320 g/t silver (234 oz/ton Ag) and 3.52% copper at the Kangas Zone (1.4 kilometres south of the POW Zone).
Cross Section of POW Zone Drill Holes JN11009 and JN11010:
Multi-phase precious metal mineralization is present in the POW Zone including massive skarn replacement-style mineralization and structurally-controlled stockwork vein-hosted mineralization. Both phases of mineralization display geochemical affinity to an Intrusion Related Gold Model and indicate that the mineralizing system was long-lived. The size extent of the porphyry dikes present on the property and their spatial distribution indicate that a multi-kilometric intrusive stock could be present. The Company plans on initial expansion drilling around the two 2011 discovery holes at the POW Zone followed by exploratory drilling of large untested geophysical anomalies proximal to the discovery zone which are considered high-priority drill targets.
The Kangas Zone is also targeted for future drilling to follow up on the 2011 discovery of high-grade silver and copper mineralization. The discovery hole was terminated within the mineralized interval due to poor ground conditions.
Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects of the 2012 exploration and drilling programs on the Company's Yukon 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 has arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration to be carried out this year.
Tim J. Termuende, P.Geo., is a director and 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.
For further information on Aben Resources Ltd.(TSX-V: ABN), visit our Company's web site at www.abenresources.com.
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ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Corporate Development and Communications
Toll Free: 800-567-8181
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.
You can view the Next News Releases item: Thu Aug 16, 2012, Aben Drills 46.6m of 1.49 g/t Au including 9.2m of 3.88 g/t Au at Justin Project, Yukon, and Extends the POW Discovery Zone by 85m
You can view the Previous News Releases item: Wed Jun 27, 2012, Aben Provides Update from the Field for Upcoming Drill Program on Justin Gold Project, Yukon
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