Yukon Exploration Update and Construction of Summer Camp for Selwyn Recce Project, NWT
Vancouver, BC – Aben Resources Ltd. (TSX-V: ABN) (FWB: E2L) (the “Company”) is pleased to announce the mobilization and construction of a summer camp for its Selwyn Recce Project in the Northwest Territories (NWT). Also, exploration is slated to commence on the Company’s Yukon projects with the Rusty Springs silver project planned to start by mid-June and the Justin, Hit and Rude Creek gold projects to follow. Aben has increased its budget to approximately $5 million for exploration this year in the Yukon and NWT.
Aben’s Yukon and NWT Properties Claims Map:
Aben’s NWT camp will be located on Willowhandle Lake, 190 kilometres southeast of the town of Norman Wells. The camp will service the Company’s large scale Selwyn Recce Project that is comprised of the previously announced NWT Permits totaling 426,821 acres of highly prospective ground (see news release dated Feb. 14, 2011) as well as additional land currently being staked in the Yukon and NWT directly east of ATAC Resources’ (TSX.V-ATC) Rau and Osiris gold zones. The area has garnered considerable attention recently with the discovery of Carlin-style mineralization in the Yukon at ATAC Resources’ Osiris gold zone. Aben’s permits and newly staked claims cover prospective targets with both Carlin-style stratigraphy and promising geochemical signatures. In addition to being prospective for the presence of Carlin-type gold deposits, the permits and claims have the potential to host carbonate and sedimentary-exhalative (“sedex”) style silver-lead-zinc deposits as well as sediment-hosted copper deposits.
Aben’s NWT Selwyn Recce Prospecting Permits:
Field crews will be at the camp by June 7, 2011 and will begin a very large scale regional reconnaissance program that will include geological mapping, regional prospecting, geochemical surveys and geophysical surveys. Eighteen high priority targets have been identified to date which will form the focus of the project’s 2011 exploration efforts. These targets were identified as a result of Aben’s recently acquired proprietary database. All in all, this has allowed the Company to advance the Selwyn Recce Project by at least a year in terms of the time required to identify these targets.
The Company has been planning the work and exploration programs on its other Yukon projects which will commence over the next month with the Rusty Springs Project planned to start by mid-June and the Justin, Hit and Rude Creek Projects to follow. Aben is currently in the final planning stages for these aggressive exploration programs in the Yukon and will announce specific details of these work programs shortly.
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 approximately $4.5 million in its treasury.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Toll Free: 800-567-8181
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.