Selwyn Recce, NWT

Selwyn Recce Gold Project, Northwest Territories (NWT)

The 172,728 hectare Selwyn Recce Project is 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. The project has prospective targets with both Carlin-style stratigraphy and promising geochemical signatures. The Sewlyn Recce area is also prospective for Cretaceous intrusive-related gold systems found within the Tintina Gold Belt of the Yukon and Alaska.

2011 Exploration

Field crews completed a very large scale regional reconnaissance program on the Company's Selwyn Recce Project in 2011 that included geological mapping, regional prospecting, geochemical surveys and geophysical surveys. Eighteen high priority targets had previously been identified to form the focus of the 2011 exploration efforts. The bulk of the field work was carried out on the high priority targets with many thousands of samples having been collected including 7368 soil samples, 681 rock samples, 668 silt samples, 14 heavy mineral bulk samples, and 51 petrographic analysis samples. All of the obtained data from the 8,782 samples has been imported into a database to allow for geological interpretation and analysis. Aben now possesses the largest proprietary database for the region consisting of over 21,000 samples. The Company also conducted 3,233 line kilometres of airborne magnetic and radiometric geophysical surveys to complement the sampling and prospecting program.

The 2011 field work was successful in delineating four high-priority targets warranting further exploration. Highlights and conclusions from the 2011 exploration program at these four showings include:

- Grab samples from the ENYO target returned a range of assay results from anomalous silver and base metal numbers to as high as 651 g/t Ag and 5.5% Zn.

- The Suriso showing is prospective for intrusion-related gold systems based on favourable geology and geochemical signatures.

- Grab sample assay results ranged from anomalous to as high as 0.4% Cu, 2.3% Pb and 2.8% Zn from the Bonk showing with an extensive horizon traceable for over six kilometres.

- Eight grab samples from the Energizer target returned over 10 ppm Thallium indicating the potential for Carlin-style gold mineralization in the area.

The Company is pleased with the initial first-pass reconnaissance program on the Selwyn Recce Project. The land mass over which the various targets are located is roughly 36,000 square kilometres and less than 10% of the ground has been systemically explored to date.

As a result of the original geological database acquired by Aben and the extensive exploration work carried out in 2011, the Company has been very aggressive in staking land in the Selwyn Recce area. In total an additional 100,278 acres of highly prospective ground in the NWT and the Yukon was staked by Aben in the region.

 

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. Over $8.5 million has been spent in field work and data compilation/analysis to create the database. 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 is being used by Aben to target fieldwork and exploration activities in mineral-rich districts.

 


Aben's Willowhandle Lake Camp (Main Base for Selwyn Recce Project NWT)
 

Cornell McDowell, P.Geo., VP of Exploration and a Qualified Person for Aben Resources, as defined by National Instrument 43-101, has reviewed and approved the technical information in this project section.