Aben Resources Ltd.

June 27, 2012 09:10 ET

Aben Resources Ltd. : Aben Provides Update From the Field for Upcoming Drill Program on Justin Gold Project, Yukon

VANCOUVER, BC--(Marketwire - Jun 27, 2012) - Aben Resources Ltd. / Aben Resources Ltd. : Aben Provides Update from the Field for Upcoming Drill Program on Justin Gold Project, Yukon

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

Email: info@abenresources.com

June 27, 2012

Vancouver, BC - Aben Resources Ltd. (TSX VENTURE: ABN) (PINKSHEETS: ABNAF) (the "Company") is providing an update on its upcoming 2012 exploration and drilling program at its 100% owned, 18,314 acre flagship Justin Gold Project. 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.

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

Unusual flooding due to rapid snow melt in the southeast Yukon has damaged sections of the Nahanni Range Road which has delayed the proposed start of drilling to mid-July. However, the Company is pleased to announce that government crews have made better than expected headway with the road repairs and the road has just re-opened to allow Aben's exploration team access to the Justin Project. The Company's crews will finish constructing the exploration camp on the property as well as commencing the necessary field work to prepare for the upcoming drill program.

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

This season's diamond drill program will consist of a planned 4,000 metres of drilling in 15-20 holes focused on follow-up and expansion work around the newly discovered POW Zone, and Kangas Zone. The exploration program this year will also include additional infill geophysical and geochemical surveys as well as detailed geological mapping. Last year, a first-pass drill program was completed on the Justin Project which led to significant new green-fields gold and silver discoveries on the property. Highlights included 60.00 metres of 1.19 g/t gold including 21.00 metres of 2.47 g/t gold as well as 11.30 metres of 2.70 g/t gold and 29.00 g/t silver in the POW Zone. Additionally, a 1.00 metre interval of 7320.00 g/t silver (234 oz/ton silver) and 3.52% copper was intercepted at the Kangas Zone which is 1.4 kilometres south of the POW Zone.

The planned geophysical work at the POW Zone this season will consist of magnetic surveys to infill new areas of the property not covered by the previous airborne survey. This is illustrated in the diagram below. It is anticipated that more targets will be indentified with these planned surveys based on the numerous targets already identified to the south and northwest of the proposed infill area.

Justin Project Proposed Infill Geophysics and Areas of Interest for Drilling: http://www.abenresources.com/i/maps/Justin_AOI_2012_Drilling.jpg

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.


"Jim Pettit"

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#1622254]

Contact Information

  • For further information contact James G. Pettit
    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