Summary of 2005 Drilling Results and Commencement of 2006 Work Program for Aberdene's New York Canyon Project.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Aberdene Mines Limited (the 'Company' or 'Aberdene') (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABRM ABRM Accredited Buyer's Representative Manager (Real Estate Buyer's Agent Council) ABRM American Baptist Risk Management, Inc. ) is pleased to provide a summary of its 2005 exploration results and details on the 2006 work program which will commence mid-March on the Company's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Canyon project located in the Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Mining District, Mineral County, Nevada Mineral County is a county located in the U.S. state of Nevada. As of the 2000 census, the population is 5,071. Its county seat is Hawthorne6. History . New York Canyon 2005 Exploration Results Aberdene completed the 2005 exploration season in December with positive results from its drill program and surface sampling. The Company completed 14,856 feet of drilling in 37 holes. All holes were well mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. and confirmed the copper content reported by historical operators. Twenty-eight of the holes were reverse circulation (RC) and the remaining nine holes were diamond-drill core holes. Two of the holes were completed on the Copper Queen porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper-molybdenum sulphide sulphide: see sulfide. zone with the balance completed as both infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. and expansion drilling on the Longshot Ridge copper oxide Noun 1. copper oxide - an oxide of copper oxide - any compound of oxygen with another element or a radical zone. The objective of the 2005 drill program was to validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data results from historical exploration work and to define and delineate the mineralized zones on the New York Canyon property. The 2005 program was successful in confirming historic values and expanding the known areas of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. at the Copper Queen and Longshot Ridge zones. Additionally, surface sampling of copper oxide mineralization at Longshot Ridge confirmed the extent and tenor of mineralization over this area, indicating the continuity of mineralization over this zone with 357 samples averaging 0.581% copper. Significant drill hole intercepts such as 05-11 that returned an average of 0.695% copper over 340 feet from surface, including 1.114% copper over 170 feet, provide additional confirmation of the strength of the mineralized system (please see table). Hole 05-15, a core hole located in the central eastern portion of Longshot Ridge and previously unannounced, returned an average of 0.395% copper over a 130 foot interval from 10 to 140 feet. Prior to Aberdene optioning the New York Canyon Property more than $5 million US had been spent on exploration, principally by Conoco, Coca Mines and Kookaburra kookaburra (k k`əbûr'ə), common name for a squat, long-tailed Australian kingfisher, Dacelo navaguinae. Gold. The historical results of this work, as
reported by these past companies and independent reports by CORE
Engineering and WT Cohan & Associates and others, outlined areas of
copper sulphide mineralization at Copper Queen and copper sulphide with
a copper oxide cap at Longshot Ridge. Results from the drill programs
conducted by Aberdene compare favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. with the historic data, however, the Company is not aware of the quality assurance or quality control procedures conducted during previous exploration and therefore does not rely on the historic data. The company has retained the services of an independent consultant to provide a report complying to NI 43-101 standards and this is expected to be completed in the next few weeks.
Summary of Drilling by Aberdene at New York Canyon
Hole ID From To Length Copper %
----------------------------------------
Copper Queen
------------
04-2c 400 745 345 0.4
05-1c 520 705 185 0.461
Longshot Ridge
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04-1 20 213 193 0.547
04-3 25 395 370 0.314
05-2 155 195 40 0.723
05-3 0 240 240 0.498
including 125 225 100 0.807
05-4 0 245 245 0.351
05-5 0 260 260 0.417
05-6 0 370 370 0.297
05-7c 22 305 283 0.773
including 150 180 30 2.861
and 220 265 45 1.44
05-8 0 310 310 0.465
including 185 310 125 0.853
05-9 0 160 160 0.249
including 115 160 45 0.675
05-10 0 165 165 0.279
including 115 165 50 0.701
05-11 0 340 340 0.695
including 170 340 170 1.114
05-12 70 120 50 0.53
120 180 60 0.13
180 215 35 0.49
05-13c 10 340 330 0.6
including 55 250 195 0.88
05-14 120 195 75 0.41
including 150 195 45 0.52
05-15 20 245 225 0.368
05-16 130 240 110 0.42
including 150 215 65 0.57
05-17 0 210 210 0.39
including 145 210 65 0.51
05-18 30 165 135 0.48
including 85 165 80 0.69
05-19 135 260 125 0.404
05-20 50 235 185 0.539
05-21c 50 235 185 0.406
05-22 100 120 20 0.262
05-23 190 210 20 0.386
and 310 365 55 0.203
05-24 0 70 70 0.29
including 35 70 35 0.382
05-25 0 80 80 0.383
including 35 80 45 0.529
05-26 10 205 195 0.623
including 10 80 70 0.765
and 170 195 25 1.324
05-27 0 10 10 0.388
175 195 20 0.405
05-28 155 210 55 0.725
05-29 90 335 245 0.572
including 195 250 55 1.012
and 280 325 45 0.876
05-30 60 150 90 0.709
05-31 135 165 30 0.234
330 335 5 1.06
360 365 5 0.854
395 400 5 0.916
05-32 0 40 40 0.455
130 155 25 0.37
225 265 40 1.032
05-33c 9 220 211 0.656
including 35 75 40 1.123
05-34 185 205 20 0.236
05-35 0 150 150 0.526
05-37 0 105 105 0.443
c designates a core hole
$1.8 Million US Financing and 2006 Work Program to Commence mid-March The Company has closed its recently announced $1.8 million US financing with the proceeds allocated for the initial 2006 work program scheduled to begin mid-March. A further 30,000 foot drill program, using two drills, will be undertaken on the property to in an effort to expand the mineralized area at Longshot Ridge, Copper Queen and the Champion prospects. In addition, a metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. sampling program will be undertaken to determine the optimal method of beneficiating the copper oxide mineralization at Longshot Ridge. About Aberdene Aberdene Mines Ltd.'s New York Canyon Property is located in the New York Canyon area, Mineral County, Nevada. The Company has under option the rights to explore both the unpatented and patented mineral claims representing approximately 8,926 acres comprising the New York Canyon Copper Project. The project is regionally located south of the historic mining district of Santa Fe in the southeastern part of Mineral County, Nevada. The property, which is located seven miles east of the village of Luning and 32 road miles from the town of Hawthorne, hosts significant oxide and sulphide copper bearing mineralization outlined by historical operators. Aberdene has successfully completed its first two years commitment to acquire 100% of the New York Canyon project. The current program is expected to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the remaining commitments prior to year end. On behalf of the Board of Directors, ABERDENE MINES LTD. Brent Jardine, President Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : This Press Release may contain, in addition to historical information, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Aberdene Mine's expectations, and Aberdene Mines expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the ability to further develop mineral exploration properties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. |
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