Aben Resources Ltd.
TSX VENTURE : ABN
FRANKFURT : E2L

Aben Resources Ltd.

August 17, 2011 09:01 ET

Aben Announces Commencement of Yukon Drill Program at Justin Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2011) - Aben Resources Ltd. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") is pleased to announce a Phase One 2000m diamond drill program has commenced on its 100% owned, 4,114 acre Justin Gold Project in western Yukon.

Aben's Yukon and NWT Properties Claims Map: http://www.abenresources.com/i/maps/ABN_Property_Location.jpg

The drill program will consist of 3 to 4 pad locations and is expected to take 4 to 5 weeks to complete. Drilling for the 2011 program will assess potential mineralization at depth at the Confluence, Kangas and Main zones. This drilling will be the first ever completed on the Confluence and Kangas zones. The 2011 activities represent the first systematic drilling campaign on the project since a small four hole program was completed on the Main zone in the mid-1980's.

The Justin Gold project is located within 10km southwest of Northern Tiger's (TSX-V: NTR) 3Ace gold project and has the potential to host significant epithermal, skarn and sediment hosted gold mineralization. Historic work on the property has exhibited this potential with grab samples returning up to 59 g/t gold and a continuous chip sample returning an average of 2.38 g/t gold over 22.5m. Channel sampling in 2010 again encountered significant gold mineralization including 1.4 g/t gold over 11m and 2.07 g/t gold over 7m.

Justin Gold Project Location Map: http://www.abenresources.com/i/maps/ABN-Justin.jpg

Some mapping will be conducted in the northwest and southeast corners of the Justin gold property to fill in voids in the company's current data set. There will also be mapping of the geology in the general area of the Pow Zone to follow up anomalies from the 2010 geophysical survey. A number of soil and rock samples will also be collected.

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 NWT projects. TerraLogic has been operating mineral exploration projects in North America since 1992 and has extensive experience in both Yukon and NWT. Through TerraLogic, Aben has arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration planned for this year. The Company's estimated budget for its exploration programs on its properties this summer is approximately $5 million

About Aben Resources:

Aben Resources is a Canadian gold and silver exploration company developing properties in the Yukon and Northwest Territories. The Company is well funded with over $5 million in its treasury.

For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our Company's web site at www.abenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

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.

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.

Contact Information

  • Aben Resources Ltd.
    James G. Pettit
    President
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)

    Aben Resources Ltd.
    Don Myers
    Corporate Communications
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@abenresources.com
    www.abenresources.com