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.
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
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 news release may contain certain "Forward-Looking Statements" that may involve a number of 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com .
You can view the Next News Releases item: Mon Sep 14, 2009, Consolidated Abaddon to Earn 100% Interest in a Lithium Property and a Rare Earth Property
You can view the Previous News Releases item: Mon Aug 24, 2009, Consolidated Abaddon Staking and Evaluating Lithium Prospects
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