Dave Busch Changes Role in Consolidated Abaddon
About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.
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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Consolidated Abaddon Drills 9 Metres 1.3% Lithium at Raleigh Lake Lithium and Rare Earth Project
Raleigh Lake Lithium project location map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/Ignace.jpg
Assaying (SGS Laboratories) was done by completing a 55 element suite of minerals. Significant results from the phase one drilling include 9.0 metres of 1.30% Li in hole RL10-2, 4.7 metres of 0.84% Li in hole RL10-1 including 2.2 metres of 1.10% Li and 1.0 metre of 1.33% Li, 5.5 metres of 0.77% Li in hole RL10-3, 9.6 metres of 0.48% Li in hole RL10-5, and 5.7 metres of 0.48% Li in hole RL10-6.
President Jim Pettit stated: "We are encouraged and very pleased with the results from our initial drill program as they have confirmed and expanded the known lithium and REE zone on the property. Combining these results with Avalon's earlier drill results gives us a much clearer understanding of the regional geology and the emplacement of rare earth elements. We look forward to the second phase work program."
Phase One Drill Hole Summary Table
Hole No From m To m Length m % Lithium % Rubidium Tantalum ppm RL10-1 28.3 33.0 4.7 0.84 0.26 - incl 29.8 32.0 2.2 1.10 - - 29.3 33.8 4.5 - - 130 154.3 161.0 6.7 0.53 - - incl 159.0 160.0 1.0 1.33 - - 216.8 219.5 2.7 0.51 - - RL10-2 84.0 93.0 9.0 1.30 0.18 - RL10-3 103.5 109.0 5.5 0.77 - - 102.5 113.0 10.5 - 0.21 - 104.0 112.5 8.5 - - 200 RL10-4 77.7 78.75 1.05 - 0.28 - 185.0 186.8 1.8 0.57 - - 184.25 186.8 2.55 - 0.35 100 RL10-5 24.4 34.0 9.6 0.48 0.20 162 RL10-6 112.2 115.8 3.6 0.24 0.17 100 123.0 128.7 5.7 0.48 0.18 100 RL10-7 107.3 108.9 1.6 - - 900
The phase one drill program was highly successful in confirming and expanding the known lithium and REE mineralization at the property. Pegmatite bodies were intercepted in all seven holes with several pegmatites of 10 to 11 metre thickness being found. The wall rocks to the pegmatites consist of a sequence of mafic volcanics and gabbroic intrusive bodies. These wall rocks are locally sheared, sericite altered and mineralized with pyrite, rhyolite and chalcopyrite. The majority of the intersected pegmatites bodies are rich in spodumene. Spodumene is a lithium bearing silicate mineral and is a common lithium ore mineral in pegmatite mines worldwide.
Only a few shallow holes were drilled on the Raleigh Lake property by the previous owner, 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 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
A litho geochemical survey completed on the property by Consolidated Abaddon has indicated several areas where tantalum, lithium and cesium anomalies are present. These areas are in structural zones related to intrusive granites, some of which are the 'two mica' type. The structures were identified from the ground magnetic surveys and have not yet been drill tested. Further work will focus on these prospective areas.
Average lithium grades from several developing lithium projects around North America range from about 0.25% Li to 1.50% Li. Lithium is a light, highly reactive metal with use in a variety of industrial applications including ceramics, lubricants and pharmaceuticals. The fastest growing market for lithium is as lithium carbonate for use in rechargeable batteries, including those in cell phones, computers and new generations of electric and hybrid 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; the numbers works out to 9 to 30 kilograms of lithium oxide per car battery. Demand for lithium destined for battery usage is predicted to grow by 20% per year.
David Busch, BA, BSc, PGeo, Vice President of Exploration, 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 is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.
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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS 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.
Phase One Drill Program Completed on Raleigh Lake Lithium Project
Raleigh Lake Lithium project location map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/Ignace.jpg
The phase one drill program was highly successful in confirming and expanding the known lithium mineralization at the property. Assays are now pending for cut core samples of intersected pegmatites. The assays will include lithium and a suite of rare earth minerals including tantalum and cesium. Pegmatite bodies were intercepted in all seven holes with several pegmatites in 10 to 11 metre thickness being found. The wall rocks to the pegmatites consist of a sequence of mafic volcanics and gabbroic intrusive bodies. These wall rocks are locally sheared, sericite altered and mineralized with pyrite, rhyolite and chalcopyrite. Selected wall rock zones have been sampled and will be assayed for potential gold mineralization.
The majority of the intersected pegamtites bodies are rich in spodumene. Spodumene is a lithium bearing silicate mineral and is a common lithium ore mineral in pegmatite mines worldwide. The spodumene at Raleigh Lake is light green in color, has distinctive crystal habit and is easily identified in drill core. The following table displays the pegamtite zones intersected in the drilling and identifies the qualitative degree of lithium mineralization based on spodumne content. The other targeted rare earth minerals are more difficult to identify but will be reported in the pending assays.
Raleigh Lake drill hole #2:
http://www.consolidatedabaddon.com/i/photos/DSCI0373.jpg
Drill Hole Summary Table
Hole ID UTM Easting UTM Northing Depth (m) Azimuth InclinationRL10-1 576639 5473588 227.0 270 50 RL10-2 576649 5473705 191.3 90 RL10-3 576772 5473896 191.0 275 65 RL10-4 576642 5474047 296.0 90 RL10-5 576521 5473875 179.0 275 50 RL10-6 576460 5473593 221.0 282 50 RL10-7 576808 5473789 158.2 90 Total Metres 1463.5
Pegmatite Intercept Summary Table
Hole ID From (m) To (m) Thickness (m) CommentsRL10-1 29.30 33.80 4.50 Spodumene Rich Pegmatite 117.65 118.05 0.40 Spodumene Bearing Pegmatite 119.20 119.70 0.50 Spodumene Bearing Pegmatite 152.70 160.55 7.85 Spodumene Rich Pegmatite 216.60 219.10 2.50 Spodumene Rich Pegmatite RL10-2 83.50 94.00 10.50 Spodumene Rich Pegmatite RL10-3 97.50 112.45 14.95 Spodumene Rich Pegmatite 150.20 150.75 0.55 Spodumene Bearing Pegmatite RL10-4 184.25 187.60 3.35 Spodumene Rich Pegmatite RL10-5 25.40 32.00 6.60 Spodumene Bearing Pegmatite 34.80 35.30 0.50 Spodumene Bearing Pegmatite 36.10 36.80 0.70 Spodumene Bearing Pegmatite RL10-6 112.20 115.20 3.00 Spodumene Bearing Pegmatite 123.50 128.20 4.70 Spodumene Rich Pegmatite
The Company is very pleased with what the initial drill program has shown. Once all assay data is received from the laboratory and geological reports are completed, Abaddon will be able to determine the size and quantity of a Phase 2 drill program for 2010.
David Busch, BA, BSc, PGeo, Vice President of Exploration, 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 is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.
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
"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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS 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.
Consolidated Abaddon Issues Shares to Rubicon
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring June 27, 2010.
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.
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
"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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Consolidated Abaddon Drill Program Begins on Raleigh Lake Lithium Project
Raleigh Lake Lithium project location map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/Ignace.jpg
The Raleigh Lake Lithium property is ideally located 5 km south of the Trans Canada Highway between the towns of Dryden and Ignace, Ontario. Accessibility to the property is also readily available with infrastructure and power nearby.
A phase one drill program consisting of 6 holes totalling approximately 1400 metres is being carried out by Rodren Drilling of Winnipeg, Manitoba.
Raleigh Lake Lithium proposed 2010 drill holes:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/2010_Raleigh_Lake_Proposed_Holes.jpg
A detailed magnetometer survey was completed across the entire Raleigh Lake Lithium property in November 2009. Structural interpretations from the magnetic data were used in the targeting of the phase one 2010 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 on the Raleigh Lake property are associated with a shallow dipping pegmatite system that crosscut mafic volcanic rocks. These volcanic rocks flank granitic intrusives. The structural elements from the magnetometer survey identified 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.
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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS 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.