Aben Resources Announces Permit Acquisition in NWT
VANCOUVER, BC -- (Marketwire) -- 02/14/11 --
Aben Resources Ltd. /
Aben Resources Announces Permit Acquisition in NWT
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Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
Trading Symbol (TSX-V: ABN), (Frankfurt: E2L)
Email: info@abenresources.com
February 14, 2011
Aben Resources Ltd. (TSX-V: ABN) (FWB: 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' (TSX.V-ATC) 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:
http://www.abenresources.com/i/maps/ABN-NWT-Prospecting-Permits.jpg
The permits were acquired on the basis of a proprietary
geological and
geochemical database obtained by Aben Resources from Eagle Plains
Resources
(TSX-V: EPL). 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-V: ABN), visit our
Company's
web site at www.abenresources.com.
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.
--- End of Message ---
Aben Resources Ltd.
Suite 2230 - 885 West Georgia Street Vancouver Canada
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
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Source: Aben Resources Ltd. via Thomson Reuters ONE
[HUG#1488381]
For further information contact:
Don Myers
Aben Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: Email Contact