Aben Resources Ltd.
FRANKFURT : E2L

July 26, 2012 09:21 ET

Aben Resources Ltd.: Aben Commences Diamond Drilling on Justin Gold Project, Southeast Yukon

VANCOUVER, BC--(Marketwire - Jul 26, 2012) - Aben Resources Ltd. /Aben Resources Ltd.: Aben Commences Diamond Drilling on Justin Gold Project, Southeast Yukon. Processed and transmitted by Thomson Reuters ONE.

The issuer is solely responsible for the content of this announcement.

Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA

www.abenresources.com

Trading Symbol (TSX VENTURE: ABN) (FRANKFURT: E2L)

Email: info@abenresources.com

July 26, 2012

Vancouver, BC - Aben Resources Ltd. (TSX VENTURE: ABN) (FRANKFURT: E2L) (PINKSHEETS: 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.

Justin Gold Project Location Map:

http://www.abenresources.com/i/maps/ABN-Justin.jpg

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.

Justin Project Claims Map:

http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg

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:

http://www.abenresources.com/i/maps/Justin_AOI_2012_Drilling.jpg

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:

http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg

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.

Justin Project 3D Geophysical Mag Survey:

http://www.abenresources.com/i/maps/Justin_Project_3D_Geophysical_Mag_Survey.jpg

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.

TerraLogic Exploration:

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.

Qualified Person:

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 VENTURE: ABN), visit our Company's web site at www.abenresources.com.

Follow the Company on Waggle at http://waggle.ca/companies/mining/aben_resources_ltd/default.aspx. Waggle is a free service that gives investors and TSX-listed companies a place to share and interact. A TSX community, Waggle is a credible and managed forum that allows members to use the power of social media to engage and communicate with one another.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________

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.

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.

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Source: Aben Resources Ltd. via Thomson Reuters ONE [HUG#1629563]

Contact Information

  • For further information contact myself or:
    Jordan Trimble
    Aben Resources Ltd.
    Corporate Development and Communications
    Telephone: 604-687-3376
    Toll Free: 800-567-8181
    Facsimile: 604-687-3119
    Email: Email Contact