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Aben Resources Ltd

Aben Resources Ltd (ABN)

0.02
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(0.00%)
Closed 22 December 8:00AM

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ABN Latest News

Aben Resources Announces Effective Date of Share Consolidation, Name and Symbol Change

Vancouver, BC, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or the “Company”) is pleased to confirm the effective date for the...

TSX Venture Exchange Stock Maintenance Bulletins

TSX Venture Exchange Stock Maintenance Bulletins Canada NewsWire VANCOUVER, BC, Feb. 15, 2023 VANCOUVER, BC, Feb. 15, 2023 /CNW/ - TSX VENTURE COMPANIES BUZZ CAPITAL 2 INC...

Aben Resources Closes Amendment to the Slocan Property Option Agreement

Vancouver, BC, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that, further to its news release dated...

Aben Resources Announces Share Consolidation, Name and Symbol Change

Vancouver, BC, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the Board of Directors have approved a...

Aben Resources Announces Amendment to the Slocan Property Option Agreement

Vancouver, BC, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has amended the option agreement dated November 9...

Aben Resources Provides a Year End Update on Corporate Actions and Planning for 2023

Vancouver, BC, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) would like to provide a corporate update as the...

Aben Resources Receives 5 Year Area-Based Exploration Permit for the Slocan Graphite Property in Southeastern BC

Vancouver, BC, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the British Columbia Ministry of...

Aben Resources Provides an Update on the Permit Application and a Summary of Exploration Results from the Slocan Graphite Property in Southeastern BC

Vancouver, BC, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has now received analytical results from surface...

Aben Resources Options Hit Property, Yukon Territory

Vancouver, BC, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that the Company has entered...

Aben Resources Announces Completion of First Phase of Field Exploration at the Slocan Graphite Project

Vancouver, BC, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that the first phase of field...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1000.020.020.0200CS
4000.020.020.0200CS
12000.020.020.0200CS
26000.020.020.0200CS
52000.020.020.0200CS
156-0.025-55.55555555560.0450.060.015463120.03647487CS
260-0.065-76.47058823530.0850.160.0151154720.07338073CS

ABN - Frequently Asked Questions (FAQ)

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The current share price of Aben Resources is $ 0.02
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ABN Discussion

View Posts
copleybmt copleybmt 14 years ago
Tight share count and float. Does not take much to move this stock either way. Should be fun next year.
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copleybmt copleybmt 14 years ago
Loaded up in the summer waiting for a nice project to be bought with the money they raised recently through two PP's.
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copleybmt copleybmt 14 years ago
2011 the year we will see progress?
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copleybmt copleybmt 14 years ago
Nice ride since summer
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nlightn nlightn 15 years ago
Consolidated Abaddon to Begin Drill Program on Raleigh Lake Lithium Property
Jan 26, 2010

Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces that a winter 2010 drill program is scheduled to commence the first week of February on its recently acquired 560 acre Raleigh Lake Lithium project located in the Kenora Mining Division in Northwestern Ontario.

The Raleigh Lake Lithium property is ideally located 5 km south of the Trans Canada Highway equidistant between the towns of Dryden and Ignace, Ontario. Accessibility to the property is also readily available with infrastructure and power nearby.

Drilling on the Raleigh Lake Lithium and Tantalum zone is scheduled for February 2010. A phase one drill program consisting of 5 to 7 holes totalling approximately 1500 metres will be carried out by Rodren Drilling of Winnipeg, Manitoba. A detailed magnetometer survey was completed across the entire property in November 2009. Structural interpretations from the magnetic data are being used in targeting of the drill holes on the property.

Only a few shallow holes were drilled on the Raleigh Lake property by Avalon Ventures Ltd. in 1999 and 2000. Historic data available in the Ontario Government geological files reflect certain significant intersections below.

Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres

Lithium and Tantalum are associated with a shallow dipping pegmatite system that crosscut mafic volcanic rocks on the Raleigh Lake property. These volcanic rocks flank granitic intrusives. The structural elements from the magnetometer survey identify structural areas where "ground preparation" may have lead to thicker and more prospective sections of pegmatite. Several rock geochemical anomalies are aligned with interpreted structures in the general area of previous intercepts and will be further tested.

The Raleigh Lake lithium-bearing pegmatites have been known in the area since the 1960s. Ontario Provincial Government mapping in the 1990s identified a pegmatite field trending through the area. A very modest drill program conducted by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20 to 30 degrees) lithium bearing dikes in several drill holes. Thicknesses ranged from one to eight metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions.

Raleigh Lake lithium property map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Raleigh_Lake.jpg

Consolidated Abaddon has approximately $2.3 million in its treasury and no debt.

David Busch, BA, BSc, PGeo, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this news release.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of uranium and lithium properties in the Athabasca Basin of northern Saskatchewan and in northwestern Ontario.

For further information on Consolidated Abaddon Resources Inc. (TSX-V: ABN), visit our Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=382138&_Type=News-Releases&_Title=Consolidated-Abaddon-to-Begin-Drill-Program-on-Raleigh-Lake-Lithium-Propert...
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nlightn nlightn 15 years ago
Consolidated Abaddon Closes Non-Brokered Private Placement
Jan 18, 2010

Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces that, further to its news release dated December 23, 2009, it has closed its non-brokered private placement and issued 4,000,000 units at a price of $0.05 per unit to raise gross proceeds of up to $200,000. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional common share of the Company at a price of $0.10 until January 14, 2012.

The common shares comprising the units and any shares acquired on exercise of the warrants forming part of the units will be subject to a four month restriction on re-sale expiring on May 15, 2010.

The funds raised will be applied to general working capital.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of rare earth, lithium and uranium properties in northwestern Ontario and in the Athabasca Basin of northern Saskatchewan.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=381026&_Type=News-Releases&_Title=Consolidated-Abaddon-Closes-Non-Brokered-Private-Placement
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nlightn nlightn 15 years ago
Non-Brokered Private Placement Announced
Dec 23, 2009

Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces it has arranged a non-brokered private placement of up to 4,000,000 units at a price of $0.05 per unit to raise gross proceeds of up to $200,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.10 per share.

The Company may pay up to a 7.5% finder's fee, payable in cash or units, in connection with part of this private placement offering.

The Company intends to utilize the proceeds of this private placement for general working capital purposes.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of rare earth, lithium and uranium properties in northwestern Ontario and in the Athabasca Basin of northern Saskatchewan.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=378522&_Type=News-Releases&_Title=Non-Brokered-Private-Placement-Announced
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nlightn nlightn 15 years ago
Consolidated Abaddon Begins Exploration on Raleigh Lake Lithium Project
Sep 30, 2009


Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces that a fall work program has commenced on its newly acquired 560 acres Raleigh Lake Lithium claims located in the Kenora Mining Division of Northwestern Ontario.

Click Here for Raleigh Lake Lithium property map
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Raleigh_Lake.jpg

A crew has been mobilized to the Raleigh Lake Lithium project. The initial exploration program will consist of compilation of previous data from a modest drill program that was completed in 1999, locating of drill collars in the field and the re-logging of existing core. A detailed mapping program of abundant lithium bearing pegmatite outcrops located on the Raleigh Lake property and a tightly spaced detailed magnetometer program to better define the known geological structures will also be completed.

Raleigh Lake lithium bearing pegmatites have been known in the area since the 1960's. Ontario Provincial Government mapping in the 1990's identified a 'Pegmatite Field' trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20-30 degrees) tantalum-lithium bearing dikes in several drill holes. Thicknesses ranged from 1 to 8 metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions. Only 4 shallow holes were drilled on the Raleigh Lake property. Historic data available in the Ontario Government geological files reflect certain intersections below.

Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres

Consolidated Abaddon is conducting this autumn exploration program with the intent to utilize all data gathered (new and historic) to direct the Company towards a winter 2009 -- 2010 comprehensive drill program.

The Company has approximately $2 million in its treasury and no debt.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

In other news, Consolidated Abaddon announces that, further to its news release dated September 14, 2009, it has received TSX Venture Exchange acceptance of its Option Agreement to acquire a 100% interest in the Raleigh Lake Lithium property and the Selwyn Lake Rare Earth property.

Pursuant to the terms of the Option Agreement, the Company made the first issuance of 50,000 common shares and made the first payment of $5,000 to Mr. Robert Fairservice (the "Optionor").

The Optionor's shares are subject to a four month hold period under applicable securities laws and imposed by the TSX Venture Exchange expiring January 29, 2010.

In order to earn a 100% interest in the Raleigh Lake Lithium property and the Selwyn Lake Rare Earth property, the Company must make further cash payments of $25,000, issue an additional 100,000 common shares and incur $250,000 in exploration expenditures over the four year term of the Agreement.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of lithium and uranium properties in northwestern Ontario and in the Athabasca Basin of northern Saskatchewan.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=365718&_Type=News-Releases&_Title=Consolidated-Abaddon-Begins-Exploration-on-Raleigh-Lake-Lithium-Project
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nlightn nlightn 15 years ago

Consolidated Abaddon to Earn 100% Interest in a Lithium Property and a Rare Earth Property
Sep 14, 2009
Vancouver, BC

Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces that it has entered into a Property Option Agreement with Mr. Robert Fairservice of Thunder Bay, Ontario (the "Optionor") for an option to acquire a 100% interest in a lithium property and a rare earth property.

The Raleigh Lake lithium property is located in the Raleigh Township of Kenora Mining Division and the Selwyn Lake rare earth (REE) property is located in the Selwyn Lake Township of the Thunder Bay Mining Division, Province of Ontario.

Click Here for Raleigh Lake lithium property map
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Raleigh_Lake.jpg


Raleigh Lake lithium bearing pegmatites have been known in the area since the 1960's. Provincial government mapping in the 1990's identified a 'Pegmatite Field' trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20-30 degrees) tantalum-lithium bearing dikes in several drill holes. Thicknesses ranged from1 to 8 metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions. Only 4 to 5 shallow holes were drilled on the Raleigh Lake property. Historic data available in the Ontario Government geological files reflect certain intersections below.

Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres

Abaddon plans to complete a magnetometer survey immediately over the 560 acres comprising the Raleigh Lake claims. The data will be used to identify structural zones where more significant 'ground preparation' may have resulted in increased volumes of pegmatite. The Company intends to proceed with a 2009 winter diamond drill program.

Abaddon has also acquired an option on the Selwyn Lake rare earth claims covering a large and strong REE, Fe, Mo, Th, U3O8 lake sediment anomaly. The anomaly was identified in 1996 by the Ontario Geological Survey and confirmed with further sampling in 2002.

Click Here for Selwyn Lake rare earth property map
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/SelwynLake.gif

The property includes 13 claim blocks covering 1219 hectares covering the anomaly. The property is accessible by road and lies 4 kilometres from a railroad.

The multi element (REE) Rare Earth Element anomaly includes 10 lakes on 3 drainage systems. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake (REE) Rare Earth Element project of Quest Uranium in Labrador. The Selwyn Lake sediment anomaly is located astride a splay in a regional structural zone that has been the focus of earlier granitic intrusives. The area has potential for rare earth or molybdenum pegmatites or Olympic Dam style mineralization. There has been limited reported exploration in the area.

A program of prospecting, soil and till sampling is planned this fall for the Selwyn Lake property.

Pursuant to the terms of the Option Agreement, the Company will be granted an option to acquire a 100% interest in the Raleigh Lake and the Selwyn Lake claim blocks by paying an aggregate of $30,000, issuing a total of 150,000 common shares and incurring and paying for exploration expenditures of $250,000 over the 3 year term of the Option Agreement:

The mineral claims are subject to a 2% net smelter return royalty (the "NSR"). The Company may purchase 50% of the NSR by the payment to the Optionor of the sum of $500,000.

The above transaction is subject to regulatory approval.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of uranium and lithium properties in the Athabasca Basin of northern Saskatchewan and in northwestern Ontario.

Property partners include Denison Mines Corp., and Triex Minerals Corp.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=363009&_Type=News-Releases&_Title=Consolidated-Abaddon-to-Earn-100-Interest-in-a-Lithium-Property-and-a-Rare-...
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nlightn nlightn 15 years ago

Consolidated Abaddon Acquires 7 Rare Earth and Lithium Claim Blocks
Sep 10, 2009
Vancouver, BC

Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) is pleased to announce the acquisition, via staking, of 7 rare earth metal and lithium claim blocks consisting of 3500 acres.

The Company's new Gamma Lake property is located approximately 150 km north of Red Lake, Northwestern Ontario, along the contact of the Berens River Subprovince, and the Sachigo Subprovince. The property is associated with the discovery of spodumene / lithium pegmatites in the general area. A major northwest-southeast trending regional structure, the Bearhead Lake Fault, traverses the length of the Gamma Lake property and separates two contrasting terrains.

Click here for Gamma Lake property map
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Gama_Lake_Property.jpg

Consolidated Abaddon is also evaluating existing lithium prospects for possible joint venture or acquisition.

The Company has over $2 million in its treasury and no debt.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of uranium and lithium properties in the Athabasca Basin of northern Saskatchewan, and in northwestern Ontario.

Property partners include Denison Mines Corp., and Triex Minerals Corp.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=362631&_Type=News-Releases&_Title=Consolidated-Abaddon-Acquires-7-Rare-Earth-and-Lithium-Claim-Blocks

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=362631&_Type=News-Releases&_Title=Consolidated-Abaddon-Acquires-7-Rare-Earth-and-Lithium-Claim-Blocks
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nlightn nlightn 15 years ago
Consolidated Abaddon Staking and Evaluating Lithium Prospects
Aug 24, 2009
Vancouver, BC -

Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announces that it is in the process of staking high potential lithium prospects in North America. The Company is also evaluating existing lithium prospects for possible joint venture or acquisition.

Consolidated Abaddon expects its staking and evaluation of lithium prospects to be completed by the end of August.

The Company has approximately $2 million in its treasury and no debt.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of uranium properties in the Athabasca Basin of northern Saskatchewan, and the Algoma District of northwestern Ontario.

Property partners include Denison Mines Corp., and Triex Minerals Corp.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=360778&_Type=News-Releases&_Title=Consolidated-Abaddon-Staking-and-Evaluating-Lithium-Prospects
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nlightn nlightn 15 years ago
Raleigh Lake Lithium Property, Ontario


The Raleigh Lake Lithium property is located in the Raleigh Township of Kenora Mining Division, Province of Ontario.

Raleigh Lake lithium bearing pegmatites have been known in the area since the 1960's. Provincial government mapping in the 1990's identified a 'Pegmatite Field' trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20-30 degrees) tantalum-lithium bearing dikes in several drill holes. Thicknesses ranged from 1 to 8 metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions. Only 4 to 5 shallow holes were drilled on the Raleigh Lake property. Historic data available in the Ontario Government geological files reflect certain intersections below.

Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres


Raleigh Lake Lithium Property




A crew has been mobilized to the Raleigh Lake Lithium project. The initial exploration program will consist of compilation of previous data from a modest drill program that was completed in 1999, locating of drill collars in the field and the re-logging of existing core. A detailed mapping program of abundant lithium bearing pegmatite outcrops located on the Raleigh Lake property and a tightly spaced detailed magnetometer program to better define the known geological structures will also be completed.

Consolidated Abaddon is conducting this autumn exploration program with the intent to utilize all data gathered (new and historic) to direct the Company towards a winter 2009 -- 2010 comprehensive drill program.

http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Raleigh_Lake.jpg
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nlightn nlightn 15 years ago
Gama Lake Lithium Property, Northwestern Ontario



Gama Lake Property




Consolidated Abaddon's 3520 acre Gama Lake Lithium Property is located approximately 150 km north of Red Lake, Northwestern Ontario, along the contact of the Berens River Subprovince, and the Sachigo Subprovince.

The property is associated with the discovery of spodumene / lithium pegmatites in the general area. A major northwest-southeast trending regional structure, the Bearhead Lake Fault, traverses the length of the Gamma Lake property and separates two contrasting terrains




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nlightn nlightn 15 years ago
Information About Lithium:

Lithium is a Group 1 (IA) element containing just a single valence electron (1s22s1). Group 1 elements are called "alkali metals". Lithium is a solid only about half as dense as water. A freshly cut chunk of lithium is silvery, but tarnishes in a minute or so in air to give a grey surface.Lithium is mixed (alloyed) with aluminium and magnesium for light-weight alloys, and is also used in batteries, some greases, some glasses, and in medicine.

Lithium was first discovered and defined by by J.A. Arfvedson in 1817 when he did an analysis of a mineral he had found. This mineral, petalite (LiAl(Si2O5)2), was first found by Brazilian scientist José Bonifácio in 1800. Arfvedson was never able to fully isolate lithium, and it wasn't until 1855 that it was isolated, by W.T. Brande. Lithium was first produced commercially in 1923, by Metallgesellschaft AG.

Lithium has a number of different uses in different sectors of society. The most common use is in lithium batteries. These are lightweight and are not as toxic as lead and cadmium batteries. These batteries have applications as small as watch batteries and as large as military and space vehicles.



Demand for lithium is increasing from the current market of ~ 100,000 tonnes LiCO2 equivalent. Lithium ion batteries have become the rechargeable battery of choice and are now almost used exclusively in cell phone and computer batteries with items such as shavers, power tools, and hybrid and electric cars switching over from the nickel varieties. The benefits of lithium ion batteries include; higher energy density to weight ratio, longer life, and no memory effect.



Automotive companies have recently been announcing that lithium ion batteries will be in their hybrid cars in 2009 and 2010. Toyota is targeting 1 million hybrid cars for 2010. Hybrid car numbers continue to increase as a result of increasing fuel prices and emission issues with conventional vehicles. For every one unit of lithium in a cell phone battery there are 7 in a computer battery, 3,000 in a hybrid car and 7,000 in an electric car; this is 9 to 30 kilograms of Li2O per battery.

According to A.T. Kearney, the global lithium-ion battery market for automotive application in HEVs, PHEVs, and EVs is estimated to be $31.9 million in 2009. A.T. Kearney projects that this market will grow to approximately $21.8 billion by 2015 and $74.1 billion by 2020, based on a moderate drive for change influenced by increasing governmental regulation, emerging powertrain technology, changing consumer demand and OEM product strategies toward more fuel efficient vehicles. So the dollar value of the lithium-ion battery market is expected to grow by over 2300 times in the next 11 years.


http://www.consolidatedabaddon.com/i/pdf/Lithium.pdf
(click link to enlarge information)

Other Uses:
• lithium stearate is mixed with oils to make all-purpose and high-temperature lubricants.
• lithium hydroxide is used to absorb carbon dioxide in space vehicles.
• lithium is alloyed with aluminium, copper, manganese, and cadmium to make high perfomance alloys for aircraft .
• Bahnmetall consists of lead containing 0.04% lithium, 0.7% calcium and 0.6% sodium is harder than pure lead and was used for railroad car bearings in Germany.
• compounds such as LiAlH4 and organolithium reagents (LiMe, LiPh, etc.) are very important as reagents in organic chemistry.
• lithium metal has the highest specific heat of any solid element and so heat transfer applications.
• various nuclear applications.
• lithium is sometimes used as battery anode material (high electrochemical potential) and lithium compounds are used in dry cells and storage batteries.
• lithium is used in the manufacture of special high strength glasses and ceramics
• sometimes, lithium-based compounds such as lithium carbonate (Li2CO3) are used as drugs to treat manic-depressive disorders.

http://www.consolidatedabaddon.com/s/Lithium.asp?ReportID=361147
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sumisu sumisu 17 years ago
Utah Uranium Receives Final Permit, Drill and Crew Mobilized

Friday November 9, 3:05 am ET

http://biz.yahoo.com/iw/071109/0326582.html

MOAB, UT--(MARKET WIRE)--Nov 9, 2007 -- Utah Uranium Corp. (the "Company") (OTC BB:UTUC.OB - News) is pleased to announce that, having filed the requisite reclamation bond, the Company is now in receipt of final permits required for drilling the Company's Pinto property.

Having received the final permits, a drill crew and rig are currently being mobilized to the property, with drilling activity to commence early the week of November 12th. The Company's Technical Advisory Board member and expert Uranium geologist, Mr. Christian (Ted) Murer P.Geo, is joining other consulting geologists on site to assist in the overseeing of drilling activities.

The first phase drilling program will entail drilling of up to 20 holes out of a permitted 50-hole drill program. Results of the first phase drilling will be announced as received.

The Pinto property consists of 344 mineral claims totally approximately 7,000 acres located the Henry Mountain Syncline Basin of East Central Utah. The property is the subject of a Joint Venture agreement with Consolidated Abaddon Resources Inc. (CDNX:ABN.V - News) (Frankfurt:E2L.F - News) ("Abaddon") of Vancouver, B.C. Abaddon has an option to earn up to a 60% interest in the property by making payments to the Company totaling $550,000 (Canadian $), issuing a total of 550,000 shares to the Company, and by fully funding a total of $605,000 (Canadian $) in exploration and drilling expenditures over the life of the agreement.

About the Pinto Property: Utah Uranium Corp. "UTUC" acquired the Pinto claims from Christian (Ted) Murer P.Geo, the prospector geologist who conceptualized, discovered and currently holds a production royalty on the Tony M mine. Ted has assembled the Pinto uranium claim package using the same data and methodology in the identical geologic setting as the Tony M and Bullfrog mines on strike to the south, targeting the down dip accumulation of uranium and vanadium within the Salt Wash member of the Jurassic Morrison formation. The Morrison formation is approximately 250-300 ft. thick in this area. Drilling depth to the top of the Salt Wash will vary in depth from 50 to 150 ft. depending on dip and topography. The present plan is to define the north-south trend of ore accumulations within the various sands of the Salt Wash based on known uranium deposits in the area and the applicable theories of mineral migration.

The potential of the Pinto claims, the first claim block to undergo drill permitting, is for high grade (for the area) uranium and vanadium deposits. Based on area extrapolations, the deposits could hold significant amounts of uranium and vanadium.

The Henry Mountain Syncline is an enclosed structural basin within the Colorado Plateau of southeastern Utah that is entirely underlain by the massive uranium bearing Salt Wash sandstone member of the Morrison formation. The hydraulic migration containing liberated uranium in solution within oxygenated waters flow down-dip within the formation into the trapped, oxygen free static waters within the basin, a reducing environment which precipitates out ore grade uranium resulting in a zone of major ore concentration, otherwise known as a roll-front environment.

The first discovery, known as the Tony M mine, was made in the 80s by Plateau Resources, a division of Michigan Light and Power, and consists of 10,898,000 pounds of Uranium. Subsequently, the Bullfrog mine was discovered adjacent and north of the Tony M mine by Imperial Oil Corporation, and consists of an additional 12,924,000 pounds of Uranium. These mines are currently owned by Denison Mines and are collectively known as the Henry Mountains complex, one of the largest known uranium resources in the Colorado Plateau district.

About the company

Utah Uranium Corporation is a Moab, Utah based junior exploration and development company focused on the acquisition of past producing underground uranium mines, highly prospective new uranium projects and other conventional and non-conventional energy projects. All of the uranium projects acquired to date, in addition to those under review by the Company are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Dennison Mines.



On behalf of the Board,

Peter Dickie, President

Cautionary note: This report may contain forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.



Contact:
Contact:
Utah Uranium Corp.
Unit B-9, 11850 South Hwy 191
Moab, UT, 84532
1-866-669-9377
info@utah-uranium.com
http://www.utah-uranium.com



--------------------------------------------------------------------------------
Source: Utah Uranium Corp.
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sumisu sumisu 17 years ago
Consolidated Abaddon Resources Inc.: Joint Venture Announced With Utah Uranium Corp. on Pinto Claims, Drilling to Commence Shortly

Friday October 26, 9:30 am ET

http://biz.yahoo.com/ccn/071026/200710260421383001.html?.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN - News; FRANKFURT:E2L - News) announces the signing of an Option and Joint Venture Agreement with Utah Uranium Corp. on the Pinto Uranium Claims, located near Hanksville, Utah.

Pursuant to the terms of the Option Agreement, Consolidated Abaddon has been granted a right to earn a 50% interest in the Pinto property by paying the sum of US$100,000, issue 100,000 common shares to Utah Uranium, and fund an initial exploration program in the amount of US$305,000. Consolidated Abaddon has been granted a right to acquire a further 10% interest in the Pinto property by carrying out a further $300,000 work program on the Property by June 1, 2008. The Company will also be responsible for paying its proportionate share of remaining option payments pursuant to Utah Uranium's underlying option agreement. The Company will be required to pay the sum of $450,000 and the issue 420,000 common shares to Utah Uranium over the remaining two and half year term of the underlying agreement. On completion of all expenditures, cash payments and share issuances, Consolidated Abaddon will be deemed to have earned up to a 60% interest in the Pinto Uranium Claims.

The Option Agreement is subject to the acceptance of the TSX Venture Exchange.

A drill contract for the Pinto property has been awarded to Bob Shupe Drilling of Moab, Utah. Drilling will commence in the north-western section of the Pinto Claims. An initial 20 drill-hole work program designed to test the massive Salt Wash member of the Morrison formation has been proposed to explore the areas potential for roll-front uranium mineralization.

Chip samples from each hole will be examined by Company geologists and evaluated with a Radiation Solutions Inc. RS-125 Scintillometer to determine uranium mineralization. Mineralized material will then be sent to an ISO 9000 certified laboratory for analysis.

Jet West Geophysical Services LLC has also been contracted to provide down-hole Gamma Ray/SP/SPR geophysical logging of all holes. It is anticipated that field crew mobilization will begin within the next 2 weeks, with drilling operations commencing immediately thereafter.

About the Pinto Claims

The Pinto property covers 344 mineral claims, consisting of 6,800 acres in the Henry Mountain Syncline of East Central Utah. The Henry Mountain Syncline is an enclosed structural basin within the Colorado Plateau of southeastern Utah that is entirely underlain by the massive uranium bearing Salt Wash sandstone member of the Morrison formation. The hydraulic migration of oxygenated water containing liberated uranium tends to flow down-dip within the formation into the trapped, oxygen free static water creating a zone of major ore concentration known as a roll-front environment.

The first discovery, known as the Tony M Mine, was made in the 1980's by Plateau Resources, a division of Michigan Light and Power and contains 10,898,000 pounds of U308. Subsequently, the Bullfrog Mine was discovered adjacent and north of the Tony M Mine by Imperial Oil Corporation, and contains an additional 12,924,000 pounds of U308. These mines are now owned by Denison Mines Corp. and are collectively known as the Henry Mountains complex, one of the largest known uranium resources in the Colorado Plateau district.

Utah Uranium Corp. acquired the Pinto Claims from Christian (Ted) Murer P.Geo, the prospector geologist who conceptualized, discovered and currently holds a production royalty on the Tony M Mine. Ted Murer has assembled the Pinto Uranium Claims package using the same data and methodology. Based on area extrapolations, the "Pinto Claims" could hold significant amounts of uranium and vanadium.

About Utah Uranium Corp.

Utah Uranium Corp. is a Moab, Utah based junior exploration and development company focused on the acquisition of past producing underground uranium mines that can be brought back into production in the near term with a low capital expenditure within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Denison Mines Corp. The White Mesa Uranium Mill is currently the only operating uranium mill in the United States.

For further information on Utah Uranium Corp. visit their web site at www.utah-uranium.com.

About Consolidated Abaddon Resources Inc.

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan, SIMS BASIN of western Labrador, and the ALGOMA DISTRICT of northwestern Ontario.

Property partners include Denison Mines Corp. and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN - News) visit the Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange and Frankfurt Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact:
James G. Pettit
Consolidated Abaddon Resources Inc.
President
(604) 687-3376 or Toll Free: 1-800-567-8181

Don Myers
Consolidated Abaddon Resources Inc.
Director
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Email: info@consolidatedabaddon.com
Website: http:// www.consolidatedabaddon.com


--------------------------------------------------------------------------------
Source: Consolidated Abaddon Resources Inc.


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sumisu sumisu 18 years ago

Cons Abaddon arranges $2-million financing

2007-04-17 10:48 ET - News Release

Mr. Jim Pettit reports

CONSOLIDATED ABADDON RESOURCES INC. (TSX-V: ABN) NEWS RELEASE

Consolidated Abaddon Resources Inc. has entered into an agreement with Pacific International Securities Inc. and PowerOne Capital Markets Ltd., for the private placement on a commercially reasonable-efforts basis, of up to 2,858,000 units at a price of 70 cents per unit, to raise total gross proceeds of up to $2,000,600.

Each unit will comprise one common share of the company and one transferable common share purchase warrant. Each such warrant will be exercisable to acquire one additional share for a period of two years from closing at an exercise price of 90 cents in the first year and $1.10 in the second year. In addition, the company has agreed an overallotment option whereby the agents may place an additional 714,500 units.

The agents will receive a commission of 7 per cent of the gross proceeds of the offering, payable in cash or units at the election of the agents. In addition, the agents will receive compensation options equal to 7 per cent of the number of units sold under the offering. Each compensation option will entitle the agent to purchase one share at a price of 80 cents for a period of two years following the closing of the offering. All securities issued in the offering will have a hold period in Canada of four months from the closing of the offering.

The company intends to use the proceeds of the private placement for general working capital, reserves for further property investigations and/or acquisitions.

The offering is subject to completion of satisfactory due diligence by the agent with respect to the company, completion and execution of appropriate documentation, acceptance for filing by the TSX Venture Exchange of the offering on behalf of the company and receipt of any required regulatory approvals.

We seek Safe Harbor.
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originunknown originunknown 18 years ago
👍️0
originunknown originunknown 18 years ago
3 Months Close Prices
Date Ex : Sym Open High Low Close Chg Vol #Tr Bid Ask
2007-02-09 V : ABN 0.56 0.58 0.54 0.58 0.04 528,083 93 0.57 0.58
2007-02-08 V : ABN 0.49 0.54 0.48 0.54 0.04 735,310 127 0.52 0.54
2007-02-07 V : ABN 0.52 0.53 0.47 0.50 -0.02 666,881 162 0.49 0.50
2007-02-06 V : ABN 0.51 0.53 0.50 0.52 0.00 197,401 31 0.51 0.52
2007-02-05 V : ABN 0.53 0.54 0.50 0.52 -0.02 152,207 46 0.52 0.53
2007-02-02 V : ABN 0.53 0.54 0.52 0.54 0.01 155,703 41 0.52 0.54
2007-02-01 V : ABN 0.52 0.54 0.51 0.53 0.03 399,950 66 0.52 0.53
2007-01-31 V : ABN 0.50 0.53 0.50 0.50 0.01 270,200 43 0.51 0.52
2007-01-30 V : ABN 0.50 0.51 0.475 0.49 -0.01 476,084 89 0.49 0.52
2007-01-29 V : ABN 0.485 0.53 0.47 0.50 0.015 365,590 86 0.50 0.52
2007-01-26 V : ABN 0.49 0.51 0.48 0.485 -0.015 361,900 94 0.48 0.495
2007-01-25 V : ABN 0.51 0.52 0.48 0.50 -0.04 700,645 173 0.48 0.50
2007-01-24 V : ABN 0.61 0.62 0.495 0.54 -0.09 1,114,313 267 0.52 0.54
2007-01-23 V : ABN 0.65 0.65 0.59 0.63 -0.02 552,959 99 0.63 0.64
2007-01-22 V : ABN 0.65 0.68 0.65 0.65 -0.01 92,400 26 0.63 0.65
2007-01-19 V : ABN 0.66 0.67 0.64 0.66 0.02 71,000 19 0.63 0.66
2007-01-18 V : ABN 0.64 0.67 0.63 0.64 0.01 137,900 39 0.64 0.67
2007-01-17 V : ABN 0.65 0.65 0.62 0.63 -0.04 165,729 52 0.63 0.65
2007-01-16 V : ABN 0.69 0.69 0.65 0.67 -0.01 62,694 32 0.65 0.68
2007-01-15 V : ABN 0.70 0.70 0.68 0.68 -0.02 34,500 14 0.68 0.69
2007-01-12 V : ABN 0.64 0.70 0.64 0.70 0.06 50,000 22 0.66 0.70
2007-01-11 V : ABN 0.64 0.66 0.64 0.64 -0.01 96,500 30 0.64 0.65
2007-01-10 V : ABN 0.64 0.65 0.63 0.65 0.01 71,350 35 0.64 0.65
2007-01-09 V : ABN 0.71 0.72 0.63 0.64 -0.07 141,521 50 0.64 0.65
2007-01-08 V : ABN 0.66 0.72 0.66 0.71 0.05 117,400 34 0.68 0.71
2007-01-05 V : ABN 0.73 0.73 0.66 0.66 -0.03 137,863 50 0.66 0.70
2007-01-04 V : ABN 0.70 0.74 0.69 0.69 -0.03 217,287 76 0.69 0.72
2007-01-03 V : ABN 0.74 0.76 0.70 0.72 0.00 245,500 82 0.72 0.74
2007-01-02 V : ABN 0.65 0.72 0.65 0.72 0.04 185,350 60 0.71 0.73
2006-12-29 V : ABN 0.65 0.69 0.63 0.68 0.05 133,613 36 0.67 0.68
2006-12-28 V : ABN 0.66 0.67 0.63 0.63 -0.03 207,693 52 0.64 0.67
2006-12-27 V : ABN 0.70 0.70 0.65 0.66 -0.05 94,710 29 0.65 0.66
2006-12-22 V : ABN 0.71 0.71 0.68 0.71 0.02 81,100 28 0.68 0.71
2006-12-21 V : ABN 0.71 0.71 0.69 0.69 0.01 50,501 19 0.68 0.69
2006-12-20 V : ABN 0.70 0.71 0.68 0.68 -0.01 77,175 23 0.66 0.70
2006-12-19 V : ABN 0.68 0.70 0.65 0.69 0.02 94,262 50 0.68 0.69
2006-12-18 V : ABN 0.66 0.70 0.66 0.67 0.02 303,486 56 0.66 0.67
2006-12-15 V : ABN 0.65 0.65 0.64 0.65 0.02 27,500 19 0.63 0.65
2006-12-14 V : ABN 0.65 0.67 0.63 0.63 -0.02 128,840 28 0.62 0.63
2006-12-13 V : ABN 0.64 0.65 0.62 0.65 0.03 108,000 23 0.63 0.65
2006-12-12 V : ABN 0.64 0.67 0.61 0.62 -0.03 223,380 52 0.62 0.64
2006-12-11 V : ABN 0.65 0.67 0.62 0.65 -0.03 237,100 53 0.62 0.65
2006-12-08 V : ABN 0.68 0.69 0.66 0.68 0.00 37,700 17 0.66 0.69
2006-12-07 V : ABN 0.70 0.72 0.66 0.68 -0.02 188,405 52 0.66 0.68
2006-12-06 V : ABN 0.68 0.70 0.65 0.70 0.01 463,931 117 0.67 0.70
2006-12-05 V : ABN 0.68 0.69 0.65 0.69 0.04 93,300 33 0.68 0.69
2006-12-04 V : ABN 0.68 0.68 0.65 0.65 -0.04 165,000 51 0.65 0.68
2006-12-01 V : ABN 0.69 0.69 0.66 0.69 0.03 173,350 33 0.67 0.69
2006-11-30 V : ABN 0.70 0.70 0.66 0.66 -0.01 139,557 33 0.65 0.66
2006-11-29 V : ABN 0.67 0.70 0.66 0.67 0.00 61,500 26 0.66 0.67
2006-11-28 V : ABN 0.67 0.72 0.67 0.67 -0.03 89,733 40 0.66 0.68
2006-11-27 V : ABN 0.68 0.74 0.66 0.70 0.02 186,355 75 0.67 0.70
2006-11-24 V : ABN 0.63 0.68 0.62 0.68 0.04 85,555 28 0.66 0.68
2006-11-23 V : ABN 0.65 0.65 0.62 0.64 -0.01 73,000 20 0.63 0.64
2006-11-22 V : ABN 0.68 0.68 0.64 0.65 -0.02 68,910 25 0.65 0.67
2006-11-21 V : ABN 0.66 0.68 0.62 0.67 0.03 120,040 46 0.65 0.67
2006-11-20 V : ABN 0.64 0.68 0.62 0.64 0.01 122,678 42 0.64 0.66
2006-11-17 V : ABN 0.63 0.65 0.62 0.63 -0.04 70,795 32 0.63 0.65
2006-11-16 V : ABN 0.67 0.68 0.63 0.67 0.00 220,550 67 0.66 0.67
2006-11-15 V : ABN 0.67 0.67 0.61 0.67 0.06 70,273 25 0.65 0.67
2006-11-14 V : ABN 0.68 0.70 0.61 0.61 -0.07 120,040 40 0.61 0.67
2006-11-13 V : ABN 0.68 0.68 0.61 0.68 0.02 164,200 47 0.63 0.68
2006-11-10 V : ABN 0.70 0.70 0.66 0.66 -0.06 73,320 34 0.65 0.68

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sumisu sumisu 18 years ago
Consolidated Abaddon Resources Inc.: Denison Mines to Drill Huard-Kirsch Lakes Uranium Property, Athabasca, Saskatchewan

Wednesday February 7, 12:33 pm ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2007) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN - News; FWB:E2L) announce that Denison Mines Corp. (TSX: DML - News) has informed the Company that a diamond drill program on the Huard-Kirsch Lakes property is planned for March 2007. The Huard-Kirsch Lakes property is located in the eastern Athabasca Basin of northern Saskatchewan and is situated approximately 20 km to the northwest of Cameco's McArthur River Uranium Mine. The Huard-Kirsch Lakes property consists of approximately 13,500 hectares. Denison Mines Corp. has the option to earn a 51% interest in the property from Consolidated Abaddon by incurring $1,500,000 of exploration expenditures on or before November 1, 2008 (see November 2, 2005, news release). Denison Mines is the project operator.

Claims Map:
http://www.consolidatedabaddon.com/i/maps/ABN_Athabasca_Map_11X17.jpg

A total of approximately 1,700 metres of drilling is planned for the Haurd-Kirsch Lakes project this winter. A winter road to provide access to the property is currently being established by the contractor (Boart Longyear Inc.).

Denison Mines has completed several exploration surveys on the Huard-Kirsch Lakes project to date. Exploration has consisted of grid establishment, boulder geochemistry, airborne and ground geophysics. Denison Mines is preparing to test a broad basement conductor at an interpreted depth of 750 metres below surface. The property is interpreted to be underlain by a conductive meta-sedimentary sequence that has never been drill tested. Interpretations of this data suggest that the anomaly represents a favorable target for exploration for unconformity uranium deposits.

The Company looks forward to a successful 2007 winter drill season on the Huard-Kirsch Lakes project.

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of western Labrador.

Property partners include Denison Mines Corp. and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN - News), visit the Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange and Frankfurt Stock Exchange have not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact:
Don Myers
Consolidated Abaddon Resources Inc.
Director
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Email: info@consolidatedabaddon.com
Website: http://www.consolidatedabaddon.com


--------------------------------------------------------------------------------
Source: Consolidated Abaddon Resources Inc.
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sumisu sumisu 18 years ago
Consolidated Abaddon Announces Triex Minerals Begins 4,000 Metre Drill Program on Mann Lake Uranium Project, Athabasca Saskatchewan

Tuesday September 19, 8:52 pm ET

Triex Minerals Begins 4,000 Metre Drill Program on Mann Lake Uranium Project, Athabasca, Saskatchewan

VANCOUVER, British Columbia, Sept. 19, 2006 (PRIMEZONE) -- Consolidated Abaddon Resources Inc. (TSX.V:ABN) (Frankfurt:E2L.F - News) announces a $1.2 million, first-phase drilling program has commenced at the Company's Mann Lake property. The property comprises 3,473 hectares in one claim block. Triex Minerals Corp. (TSX.V:TXM) has the option to earn up to a 70% interest in the property from Consolidated Abaddon (see September 26, 2005 news release). Triex Minerals is the project operator.

Mann Lake U3O8 Project, Saskatchewan Location Map:

http://www.consolidatedabaddon.com/i/maps/ABN_Athabasca_Map_11X17.jpg

This work follows-up ground geophysics done in January (gravity and Moving Loop TEM; see Press Release dated January 19th, 2006) and a high-resolution (100 m line spacing), 670 line-km helicopter-borne V-TEM survey (magnetics and electromagnetics) done in May. Additional geophysical and remotely sensed data sets have been acquired from the public and private domain and integrated into the Company's existing project GIS database in order to facilitate a detailed lineament analysis which is focused on the potential for structurally controlled uranium.

The current drill program plans for six holes totaling approximately 4,000 m. Drill-intersected depth to basement to the east of the property is in the order of 520 m. Hy-Tech Drilling Ltd. of Smithers, B.C., mobilized to the Property on September 9th, and drilling is now underway. The work is helicopter-supported, with road-access some 12 km to the east. The program is expected to take six to eight weeks to complete.

This program will test two high priority targets, with future drilling required to evaluate all prospective areas on the Property. All targets are based on an integration of boron and clay alteration anomalies in surface boulders (Assessment data), discreet northerly trending conductors, sharp magnetic contacts, resistivity changes in Athabasca Group sandstone, and structural features.

The Mann Lake Property is located in the eastern Athabasca Basin, approximately 25 kilometres southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world. It is 15 km to the northeast along-strike of Cameco's recently discovered Millennium deposit (drill-indicated resource as of Dec. 31, 2005 of 449,000 tonnes uranium at 4.63% U308; Cameco Corporation, 2006 CIM Uranium Field Conference, Program with Abstracts). The areas immediately east and west of the Property are being actively explored, and several new basement-hosted uranium occurrences have been discovered and announced in the past six months.

Sims Lake Uranium property, Labrador

Consolidated Abaddon announced on August 31st that the summer / fall exploration program on Consolidated Abaddon's Sims Lake uranium project located northwest of Churchill Falls in western Labrador is now underway. International Uranium Corporation is the operator and has been granted the right and initial option to acquire a 51% interest in the uranium rights to the Sims Lake property over a period of two years.

Sims Lake U3O8 Project, Labrador Location

Map:http://www.consolidatedabaddon.com/i/maps/ABN-Sims-Gabbro.jpg

It is anticipated that the initial drilling will consist of 4 - 5 holes covering two main target areas. A conductor has been confirmed as lying beneath the Sims Formation rocks at or near the unconformity with the Knob Lake type rocks. Reducing environments (conductors) in this environment present attractive uranium drill targets.

The similarity in ages and relationships between the Sims Lake Formation and the Knob Lake group of rocks makes the western Labrador setting analogous to other Proterozoic basins around the world that host unconformity type uranium deposits, most notably the Athabasca Basin of northern Saskatchewan. The depth to the perceived unconformity in the Sims Lake Basin ranges from surface to 150 metres on the property.

Seel Cu-Au-Ag property, British Columbia

In other news, Gold Reach Resources Ltd, as operator, has announced a phase 3 drill program on Consolidated Abaddon's 10% owned Seel property located 120 kilometres south of Houston, B.C., is under way. This program will be used to further expand and define the copper-gold resource surrounding holes SO-06 and SO-24 where intersections averaged 0.44 per cent Cu and 0.46 gram per tonne Au over 100 metres. Data from this program will be released pending completion.

Seel Cu-Au & Ag Project, British Columbia Map: http://www.consolidatedabaddon.com/i/pdf/ABN_Seel_Map.pdf

David J. Busch, B.A., B.Sc., PGeo., VP of Exploration, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of west Labrador. Property partners include International Uranium Corporation and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc (TSX.V:ABN), visit the Company's web site at http://www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"
DONALD C. HUSTON Director

For further information contact myself or: Don Myers Consolidated Abaddon Resources Inc. Director Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@consolidatedabaddon.com

THE TSX VENTURE EXCHANGE AND FRANKFURT STOCK EXCHANGE HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release contains certain ``Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

Contact:
Consolidated Abaddon Resources Inc.
(604) 687-3376
Facsimile: (604) 687-3119
info@consolidatedabaddon.com
Suite 1490, 885 West Georgia Street
Vancouver, BC, V6C 3E8, CANADA
www.consolidatedabaddon.com


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Source: Consolidated Abaddon Resources Inc.

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