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Gold & Silver
Yukon
Selwyn Recce NWT
Uranium Projects
Mann Lake & Huard-Kirsch Lakes Uranium Projects - Athabasca Basin,Saskatchewan
| The Rusty Springs Silver Project, Yukon Territory Aben Resources has entered into an agreement with Eagle Plains Resources (TSX.V: EPL) whereby Aben is earning in a 100% interest in the 1,100 hectare (2,718 acre) Rusty Springs Silver and Base Metals Project, located north of Dawson City, Yukon.
The Rusty Springs property hosts silver-lead-zinc mineralization associated with a 25-40 metre thick replacement horizon within carbonate rocks. Some 35 showings are present within the property area and consist of both high-grade vein occurrences and lower-grade replacement mineralization. The mineralization on the property has been defined over a 6 square kilometre area. Drilling highlights from the property include hole 77-08 (drilled in 1977) which was reported to have returned 1,140 g/t (33.27 oz/t) silver, 4.72% lead and 2.30% copper over 37.5 metres (123 feet) from surface to a depth of 37.5 metres. Hole 95-07 (drilled in 1995) was located 1.5 kilometres from hole 77-08 and tested the same stratigraphic interval, returning 517 g/t (15.1 oz/t) silver, 3.0% copper and 1.3% zinc over 15.3 metres from 28.6 metres to 43.9 metres below surface.
The Rusty Springs Project has only had a limited amount of exploration carried out on it since being discovered in 1975. Significant to drilling in 1996 was the discovery of stratabound mineralization over much of the claim area and beyond. With the confirmation by drilling in 1997 of a specific mineralized horizon over considerable aerial distribution, the entire property area hosting similar stratigraphy is being targeted for systematic exploration including diamond drilling. 2011 Exploration Aben has engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects of the 2011 exploration and drilling programs on the Company's Yukon and Northwest Territories projects. Through TerraLogic, Aben has arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration planned for this year. Exploration work is expected to commence in early June depending on the rate of snow melt. The Company's estimated budget for its exploration programs on its properties this summer is approximately $5 million. TerraLogic Exploration is a subsidiary of Eagle Plains Resources and provides exploration and geologic consulting services to the mining and exploration industry. The company has been operating mineral exploration projects in North America since 1992 and has extensive experience up in the Yukon and Northwest Territories. TerraLogic has worked for some notable companies including Teck and BP. 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 project section. The property was acquired from and past exploration was carried out by Eagle Plains Resources (TSX-V: EPL), a reporting issuer and other unrelated operators. The Company has not yet completed the work necessary to verify these past exploration results and since these results are historical in nature and some results predate National Instrument 43-101 standards, these results should not be relied upon. | |||||
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