(i) g/t = grams per metric tonne
(i) Au intercepts were calculated using a 0.1 g/t Au cut-off grade
(i) The reported results above are down-hole interval lengths; true widths for the mineralized intercepts are not yet known
Jim Pettit, President of Aben Resources, stated: "The Company is very pleased with the drilling to date and how quickly an understanding has been gained with respect to mineralizing controls at the Justin Property. The POW gold zone is rapidly expanding and with everything learned this season we believe we have just scratched the surface of this exciting new greenfield discovery."
Follow up prospecting and surface sampling from the POW Zone continued to yield prospective gold mineralization, expanding the POW Zone to the south and west. Grab samples from sheeted veining in outcrop returned gold values ranging from anomalous up to 22.20 g/t Au. One of these samples containing the first documented sights of visible gold on the property returned 3.66 g/t Au.
Justin Project Plan View of POW Zone Drilling:
A 26 line kilometre ground based magnetics survey was completed during the 2012 field season to infill between two existing airborne magnetic surveys completed on the Justin and VF properties in 2010 and 2011. The following map displays all three geophysics grids stitched together. Key geological features have been highlighted on the map. Magnetic survey data has proven to be an effective tool for mapping structure, and the variable magnetic signature of the Justin stock, and associated contact skarns and hornfels.
Justin Project Geophysics and Areas of Interest for Drilling:
A total of 450 conventional soil samples were collected during the 2012 field season. JNL016, a 4 kilometre ridge and spur soil line returned the strongest gold in soil anomaly documented on the Justin Property to date. The soil samples are thought to be coincident with the extension of the N-S Justin fault zone extending from the POW Zone through the main zone. Another area of interest occurs approximately 2 kilometres west of the POW Zone where anomalous soil samples are coincident with a magnetic high signature, which may represent a continuation of skarn style mineralization similar to that observed within the POW Zone. These features have been highlighted on the geochemical compilation map below.
Justin Project Geochemistry Compilation Map:
Intrusion Related Gold Systems (IRGS) on the Tintina Gold Belt:
Producing IRGS deposits within the Tintina Gold Belt include Kinross' Fort Knox operation in Alaska, with reported proven and probable reserves of 314 million tonnes grading 0.43 g/t gold, representing 4.3 million ounces of contained gold (Kinross Mineral Reserve and Resource Statement, December, 2011). Advanced IRGS projects in the Yukon include Victoria Gold's Eagle Gold Deposit which is expected to be the Yukon's next operating gold mine and includes Probable Reserves of 2.3 million ounces of gold from 92 million tonnes of ore with a grade of 0.78 g/t gold (outlined in a NI 43-101 definitive feasibility study). The NI 43-101 Compliant Mineral Resource has been estimated to host 222 million tonnes averaging 0.68 g/t gold, containing 4.9 million ounces of gold in the Indicated category, inclusive of Probable Reserves, and a further 78 million tonnes averaging 0.60 g/t gold, containing 1.5 million ounces of gold in the Inferred category (Victoria Gold website, November, 2012). Readers are cautioned that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Justin property.
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