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Aben Gold Corp. — Capital/Financing Update 2021
Sep 7, 2021
43765_rns_2021-09-07_42433aca-e6e2-4cc4-a058-2a2ad2560b8f.pdf
Capital/Financing Update
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Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA www.abenresources.com
TSX-V Trading Symbol: ABN Email: [email protected]
Telephone: (604) 687-3376 Facsimile: (604) 687-3119
NEWS RELEASE
September 7[th] , 2021
Aben Resources Ltd Completes Airborne Magnetic Survey at Pringle North Project in Red Lake, Ontario
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF ) (Frankfurt: E2L2 ) (“Aben” or “the Company”) is pleased to report that exploration in the Red Lake area has once again resumed as the fires have abated. As a result, the airborne magnetometer survey that Aben commissioned for its 100% owned Pringle North Property in Red Lake, Ontario has now been completed and detailed interpretive work is underway.
Figure 1. Regional Location Map
https://abenresources.com/site/assets/files/4218/regional_location.png
About Pringle North Gold Project
The Property consists of 5 contiguous mining claims covering approximately 1,881 hectares. The property is 60km north of the town of Red Lake and is located 15km east of the all-weather Nungesser Road. This area has been recently identified by the “Ministry of Energy, Northern Development and Mines Recommendations for Exploration 2020-2021” for its deep-seated structural similarities that are associated with the Red Lake Gold Camp and Great Bear Resource’s Dixie Gold Project. This deep-seated structure (named the “E-1 Extensional Fault”) that occurs along this trend was delineated by seismic surveys and is considered a third deeptapping structure that may have provided fluid pathways for gold mineralization to the mines and recent discoveries in the region. Age determination (by Sanborn et al, 2004) dates this sedimentary belt and assigns it to the Balmer Assemblage which is host to the gold mines in the Red Lake Camp.
Figure 2. Pringle North Property Location Map
https://abenresources.com/site/assets/files/4218/local_claim_fabric.png
Figure 3. Metal Occurrences
https://abenresources.com/site/assets/files/4218/metal_occurrences.png
Figure 4. Preliminary Airborne Magnetic Results https://abenresources.com/site/assets/files/4225/untitled_design_15.png
Update on Forrest Kerr Gold Project
The field crew has just returned from the Forrest Kerr Project after 3 weeks of property-wide
prospecting and geological mapping. Field work was directed toward tracing out mineralized trends outboard of the high-grade precious metal mineralization present in the Boundary Valley, located near the center of the 23,397-hectare property. Field reconnaissance activities took place across the entirety of the Forrest Kerr claim group and successfully contributed a greater understanding of the controls on existing gold mineralization and the potential for discovering new precious metal mineralization. The Forrest Kerr Property hosts highly altered Mesozoic rocks that reflect a robust and widespread hydrothermal system with proven high-grade mineralization and real potential for more sizeable discoveries.
Forrest Kerr Gold Project, Golden Triangle, BC claims map:
https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company. Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”
______________________
JAMES G. PETTIT President & CEO
For further information contact: Aben Resources Ltd. Telephone: 604-416-2978 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected]
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 release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.