Mining and exploration review north of the 60th parallel

New Gold

The Justin Gold Project increases Yukon’s reputation as a new gold development region.

13 - ABN Justin Project POW and Kangas Zones

Aben Resources has a 100 per cent interest in its flagship 18,314 acre Justin Gold Project. The property is located in the southeast Yukon on the Tintina Gold Belt and has an all season road running through its claims.
The Justin Project has been generating interest since 1964 when it was first explored for copper and tungsten as a follow-up to the establishment of the Cantung Mine, situated approximately 30 kilometres away in the Northwest Territories’ Nahanni region. The first few exploration programs yielded interesting results but little follow-up work was conducted until the mid-1990s when Viceroy Exploration Ltd, under the leadership of Ron Netolitzky, began evaluating the Justin property for gold potential. In 2000, prospect generator Eagle Plains Resources acquired the project and continued to assess the mineral potential with various systematic exploration programs over the years that included prospecting, geological mapping, geophysical and geochemical surveys. The efforts paid off in 2010 when grab samples returned anomalous gold values in an area of the property now called the POW Zone.

Aben Resources had been working closely with Eagle Plains in 2010 to secure a portfolio of precious metal properties in the Yukon and in early 2011 Eagle Plains sold the property to Aben for share consideration and retained royalties. Aben then raised capital through an equity financing to fund an initial diamond drill program testing various areas of the property. The final two holes of that program were designed to test the POW Zone and both of them intersected robust gold mineralization constituting a significant new greenfield gold discovery. Notably, hole JN11009 intercepted 60 metres of 1.19 g/t gold including 21.0 metres of 2.47 g/t gold at a vertical depth of 113 metres. Aben also made a silver-copper discovery at the Kangas Zone located 1.4 kilometres south of the POW Zone. Despite being abandoned due to difficult ground conditions, hole JN11003 intersected a one metre interval of 7320 g/t silver and 3.52% copper at a down-hole depth of 42 metres.

After Aben’s first season of drilling at the Justin property in 2011, the mineral potential found at the POW and Kangas Zones made the property even more prospective and established it as the company’s flagship project. Aben proceeded to acquire 14,274 additional acres of mineral tenure in the immediate vicinity of the project to facilitate the aggressive work program in the 2012 field season. Nearby projects such as Northern Tiger’s 3Ace property had encouraging results as well that have helped to spotlight this emerging gold region in the Yukon. A seasonal, 20-man exploration camp was constructed adjacent to the Nahanni Range Road on the Justin property which serviced all exploration activities in 2012.

13 - ABN Justin Project Camp and POW ZoneAn aggressive diamond drill program carried out in 2012 focused on follow-up and expansion work to the 2011 drilling and geophysical/geochemical surveys at the POW Zone. Two phases of drilling were completed and results from the five-hole, first phase were highly encouraging with assays pending from the second phase of drilling. Drill core from the first hole in the program, JN12011, returned significant results including 46 metres of 1.49 g/t gold including 9.2 metres of 3.88 g/t gold. This hole successfully extended the massive sulphide skarn gold mineralization discovered during the 2011 program 85 metres laterally to the southeast. It was also successful in confirming the presence of a shallowly buried granitoid intrusion immediately underlying the POW Zone. Detailed mapping to the south of the POW Zone has since confirmed the presence of the intrusive body at surface. The contact zone of the intrusion with the surrounding carbonate country rocks is now a primary drill target as it is an important control on the skarn-replacement mineralization observed in the initial holes drilled at the POW Zone. This contact zone remains open along strike, down dip and to surface.

The notable consistency of the skarn-hosted gold mineralization seen amongst the initial drill holes at the POW Zone suggests strong continuity of the mineralized zone. These drill core intervals which are dominated by massive skarn-style replacement mineralization have been overprinted by quartz-calcite stock work veining. Both the skarn-style and vein-style mineralization carry gold. The geochemical signature of the mineralized zone is characterized by elevated Au, Bi, Cu, Mo and W supporting an Intrusion Related Gold System (IRGS). Geophysical surveys and mapping outline a multi-kilometre buried intrusive stock in which there are large untested geophysical anomalies proximal to the POW Zone and to the intrusion which are high-priority drill targets. Besides skarn-hosted gold mineralization, other characteristics of IRGS deposits such as sheeted veining have been observed at the Justin Project in drilling and on surface, both within the intrusion and the surrounding country rock. These structural zones present prospective targets for IRGS mineralization.

Geologist Craig Hart, PhD, from the Mineral Deposit Research Unit at UBC visited the property during the 2012 field season and stated: “The Justin property, and the POW zone specifically, represents a new discovery of an auriferous sheeted vein array and related styles of mineralization that directly comprise a reduced intrusion-related gold system. This gold system developed in a region of Yukon previously better known for tungsten, and contributes to further increasing the region’s development as a new gold district.”

13 - ABN Justin Location high resProducing IRGS deposits within the Tintina Gold Belt include Kinross’ Fort Knox operation in Alaska, with reported proven and probable reserves of 314Mt grading 0.43 g/t Au, representing 4.3 million ounces of contained gold (Kinross Mineral Reserve and Resource Statement, December, 2011). Advanced IRGS projects in the Yukon include Victoria Golds’ Eagle Gold Deposit, with reported reserves of 2.3 million ounces of gold, indicated resources of 4.8 million ounces of gold and inferred resources of 1.5 million ounces of gold (Victoria Gold website, August, 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.

Aben’s management and geological team are confident that they have made a significant new gold discovery with immense blue sky potential in an under-explored area of the Yukon. The company will remain focused on advancing the project in the years to come with more drilling planned as Aben works towards delineating a maiden NI 43-101 compliant resource on the property.

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