Aben Resources Ltd

Aben Resources Ltd

February 14, 2011 09:01 ET

Aben Resources Announces Permit Acquisition in NWT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2011) - Aben Resources Ltd. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") (formerly Consolidated Abaddon Resources Inc.) is pleased to announce it has been granted the exclusive exploration rights to 426,821 acres (1,727 square kilometres) of land directly east of the Yukon/NWT Territorial border.

The permits are considered to be prospective for the presence of Carlin-type gold deposits as well as carbonate-hosted and sedimentary-exhalative ("sedex") style silver-lead-zinc deposits and sediment-hosted copper deposits. These rights occur in the form of NWT Government-granted "prospecting permits" which will enable the Company to complete exploration activities over entire individual map-sheets for a period of three years, with the exclusive right to acquire formal title within these selected areas. The area has garnered considerable attention recently with the discovery of Carlin-style mineralization in the Yukon Territory at ATAC Resources' Osiris gold zone discovery. The current Aben permits cover prospective targets with both Carlin-style stratigraphy and promising geochemical signatures.

Aben's NWT Prospecting Permits:

The permits were acquired on the basis of a proprietary geological and geochemical database obtained by Aben Resources from Eagle Plains Resources. The database has been assembled through decades of systematic mineral exploration in the Mackenzie Mountains consisting of extensive regional silt sampling, follow-up soil sampling and prospecting, detailed mapping and stratigraphic correlation, and examination of most of the documented historic occurrences in the Mackenzie Mountain area. A significant component of the work was the acquisition by Eagle Plains of 5700 silt sample pulps covering approximately 19,000 sq. km, collected in the 1970's by Cordilleran Engineering. Subsequently, an additional 3500 silt samples were added to the database. Originally analyzed for only lead and zinc, the samples were reanalyzed using a 30 element ICP, thereby forming an extensive proprietary dataset which can now be used by Aben to target fieldwork and exploration activities in mineral-rich districts.

Aben Resources has also acquired from Eagle Plains a 100% interest in two non-contiguous, highly prospective mineral exploration properties known as the Justin (Sprogge) and Hit gold projects which cover approximately 2,130 hectares in the Yukon (see news release Feb 01, 2011).

About Aben Resources

Aben Resources is a Canadian gold, rare earth and uranium exploration company developing properties in the Yukon, northern Ontario and northern Saskatchewan. The Company is well funded with approx. $3 million in its treasury.

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


JAMES G. PETTIT, President

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
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    Aben Resources Ltd.
    Don Myers
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)