Aben Commences 2020 Field Program at Forrest Kerr Gold Project
VANCOUVER, British Columbia, June 23, 2020 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to provide an update on the planned commencement of its 2020 field program at the Forrest Kerr Gold Project located in the Golden Triangle region of NW British Columbia. The field team will arrive to the Project in early July to begin the work program. This program will consist of mapping, prospecting, and soil and rock sampling to better define existing targets and generate new targets for a potential drill program later in the season.
Highlights for 2020 Field Work include:
- Correlate and ground-truth downhole data, surface observations and geophysical signatures in the area between the mineralized corridor at South Boundary and high-grade gold mineralization at North Boundary. Drill intercepts from this area include: 1.2 g/t gold over 122.0m (FK17-05), with the best intercept returning 38.7 g/t gold over 10.0m (FK18-10).
- Geological mapping and prospecting toward the north in the Boundary Valley between the high-grade North Boundary Zone and the Marcasite Gossan, which was last drill-tested prior to 2005.
- Soil sampling and prospecting in the area immediately south of the South Boundary drill locations.
Forrest Kerr Project:
The Forrest Kerr Property consists of 4 separate claim blocks comprised of 56 mineral claims (23,397 ha) and is owned 100% by Aben Resources. Numerous areas of interest have been identified since Aben began systematic exploration in 2016, with a total of 70 drill holes (21,968m/72,055’) completed. The Boundary Valley hosts significant surface gold mineralization and complex structural intersections, both of which are important indicators of the potential for discovery of more sub-surface high-grade gold mineralization. The initial exploration focus will be between the North and South Boundary zones, in a transitional area where the Benchlands Fault (South) coalesces with the Nelson Creek Fault Zone (North).
Historically, minimal exploration has been conducted in the 3.5km-long Boundary-Marcasite corridor to the north of the North Boundary High-grade Zone despite the presence of high-grade precious metal values on surface. And to the south, very limited surface work has been conducted south of the South Boundary mineralized corridor, although discovery potential is high as this area overlies the regional-scale Forrest Kerr Fault Zone and other associated structures.
Aben Resources would also like to announce that the 2020 Communications Agreement between Aben and the Tahltan Central Government has been signed. Aben looks forward to a continuance of a positive, mutually beneficial working relationship. The Company would also like to state that it has changed the exploration plans for the 2020 season to accommodate concerns about the Coronavirus. We will be starting the season with a smaller crew to do field work first. When their program is complete and successful, we will follow up after with a drill program, that is contingent on favorable exploration results, thereby keeping the camp population to a minimum.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with over $1.0 million in the Company’s treasury.
ABEN RESOURCES LTD.
JAMES G. PETTIT
President & CEO
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 release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
ISO Introduces Optional Endorsement for Damage to Underground Utility Lines16.7.2020 16:04:55 CEST | Press release
New Option Addresses Expenses Not Covered by Standard Homeowners Policies Jersey City, NJ, July 16, 2020 (GLOBE NEWSWIRE) -- ISO, a Verisk (Nasdaq:VRSK) business, has launched a new homeowners endorsement to address damage to underground utility lines, a risk that isn’t always handled by municipalities or covered in standard homeowners insurance policies. The new endorsement for the ISO Homeowners Program can be used to provide coverage related to underground pipes, wires, and some buried equipment from a range of causes, including explosions, tree root growth, and wear and tear. “Claims arising from buried utilities often come as a surprise because deterioration is hidden until a loss of service occurs,” said Doug Caccese, president of ISO Personal Lines. “Excavating the line, fixing or replacing it, and repairing related damage can cost thousands of dollars. Our new endorsement is the kind of value-added enhancement that many consumers are looking for in today’s competitive homeowner
RAPALA VMC CORPORATION’S HALF YEAR REPORT H1/2020: NET SALES AND PROFITABILITY DECREASED FOLLOWING THE COVID-19 PANDEMIC; SUCCESSFUL MITIGATION RESULTED IN IMPROVED OPERATING CASH FLOW AND SIGNIFICANT REDUCTION IN INVENTORIES AND NET DEBT16.7.2020 16:00:00 CEST | Press release
Rapala VMC Corporation Half Year Financial Report July 16, 2020 at 5:00 p.m. RAPALA VMC CORPORATION’S HALF YEAR REPORT H1/2020: NET SALES AND PROFITABILITY DECREASED FOLLOWING THE COVID-19 PANDEMIC; SUCCESSFUL MITIGATION RESULTED IN IMPROVED OPERATING CASH FLOW AND SIGNIFICANT REDUCTION IN INVENTORIES AND NET DEBT January-June (H1) in brief: Net sales were 117.1 MEUR, down 17% from previous year (141.2). With comparable exchange rates sales were 17% down from previous year.Operating profit was -0.8 MEUR (11.4).Comparable operating profit* was 4.2 MEUR (12.0).Earnings per share was -0.12 EUR (0.17).Cash flow from operations was 13.4 MEUR (11.5).Inventories were 83.5 MEUR (108.6), down 23%.Net interest-bearing debt was 63.5 MEUR (104.1)Short-term outlook: End-consumer demand is currently on a good level in main markets, but it is still impossible to issue a financial guidance for 2020 due to lack of visibility and significant uncertainties related to the COVID-19 pandemic. * Excluding ma
Election Committee for Eolus Vind AB appointed16.7.2020 13:00:00 CEST | Press release
Hässleholm, Sweden, July 16, 2020 The Election committee consists of the following members: Hans-Göran Stennert, Chairman of the Board, Eolus Vind AB. Ingvar Svantesson, appointed by Domneåns Kraftaktiebolag. Hans Gydell, appointed by Hans-Göran Stennert. Hans Johansson, appointed by Åke Johansson. According to a decision of the Annual General Meeting of January 25, 2020, the Election Committee shall consist of one member appointed by each of the three largest shareholders and the Chairman of the Board. The appointment of the Election Committee has been carried out in such a manner that, Hans-Göran Stennert, Chairman of the Board of Eolus, on the basis of the Euroclear list of registered shareholders as of 31 May 2020, has contacted the largest known shareholders in the company, who have been invited to each propose a representative to the Election Committee. After such contacts, the Election Committee has been appointed. In total, approximately 34.3 percent of the votes are represente
Valberedning för Eolus Vind AB utsedd16.7.2020 13:00:00 CEST | Pressemelding
Hässleholm den 16 juli 2020 Valberedningen består av följande ledamöter: Hans-Göran Stennert, styrelseordförande i Eolus Vind AB. Ingvar Svantesson, utsedd av Domneåns Kraftaktiebolag. Hans Gydell, utsedd av Hans-Göran Stennert. Hans Johansson, utsedd av Åke Johansson. Enligt beslut på årsstämman den 25 januari 2020 skall valberedningen bestå av en ledamot utsedd av envar av de tre röstmässigt största ägarna jämte styrelseordföranden. Tillsättningen av valberedningen har skett genom att Eolus styrelseordförande Hans-Göran Stennert på grundval av bolagets, av Euroclear tillhandahållna, förteckning över registrerade aktieägare per den 31 maj 2020 kontaktat de för bolaget största kända ägarna, vilka uppmanats att var och en föreslå en representant till valberedningen. Efter sådana kontakter har valberedningen utsetts. Totalt representeras cirka 34,3 procent av rösterna i valberedningen. Valberedningens uppgift är att inför årsstämman 2021 framlägga förslag avseende antal styrelseledamöter
UPM permanently closes its Chapelle newsprint mill16.7.2020 10:00:00 CEST | Press release
(UPM, Helsinki, 16.07.2020 at 11:00 EET) – UPM will permanently cease production at its Chapelle newsprint mill in Grand-Couronne, France today. The consultation process with employee representatives was completed on June 15th, 2020 according to French legislation and approved by French authorities on July 15th, 2020. The closure impacts 228 people. UPM offers support to employees in order to alleviate the effects caused by staff reductions in relation to the closing of the mill. With the closure of the mill UPM will reduce a total of 240.000 tonnes of its newsprint paper capacity. “After UPM announced the intention to sell the Chapelle mill in September we started an active sales process and have been in discussions with interested parties since. However, we have not received binding offers by potential buyers. Consequently, we decided to close the mill, while at the same time working with employee representatives to mitigate the social impact on our employees. We remain committed to
Invitation to UPM’s webcast and press conference on half-year financial report 202016.7.2020 09:00:00 CEST | Press release
(UPM, Helsinki, 16 July 2020 at 10:00 EET) – UPM will publish its half-year financial report 2020 on 23 July 2020 at 09:30-10:00 EET. After publishing the report will be available on company's website at www.upm.com. A webcast and a conference call for analysts and investors in English language begins at 13:15 EET. UPM’s financial results will be presented by the President and CEO Jussi Pesonen and CFO Tapio Korpeinen. All participants can view the webcast online at www.upm.com or through this link, but participants who wish to ask questions must attend the conference call by dialling a number in the list below: Conference call title: UPM Interim Report for January – June 2020 International telephone numbers: Australia Toll: +61 284058549 Austria Toll: +43 19287907 Belgium Toll: +32 24035814 Denmark Toll: +45 35445577 Finland Toll: +358 981710310 France Toll: +33 170750711 Germany Toll: +49 6913803430 Hong Kong Toll: +852 30600225 India Toll: +91 2271279610 Ireland Toll: +353 14311252