Consolidated Abaddon Drills 9 Metres 1.3% Lithium at Raleigh Lake Lithium and Rare Earth Project
(Thomson Reuters ONE) -
Consolidated Abaddon Resources Inc. / Consolidated Abaddon Drills 9 Metres 1.3% Lithium at Raleigh Lake Lithium and Rare Earth Project processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
www.consolidatedabaddon.com
Trading Symbol (TSX-V: ABN), (Frankfurt: E2L) Telephone: (604) 687-3376
Email: info(at)consolidatedabaddon.com Facsimile : (604) 687-3119
NEWS RELEASE
April 14, 2010
Consolidated Abaddon Drills 9 Metres 1.3% Lithium
at Raleigh Lake Lithium and Rare Earth Project
Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the
"Company") has completed a seven hole, 1464 metre, diamond drilling program at
its Raleigh Lake Lithium (Li) and Rare Earth Elements (REE) property located in
the Kenora Mining Division in northwestern Ontario.
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(at)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
[HUG#1403320]
--- End of Message ---
Consolidated Abaddon Resources Inc.
Suite 1490 - 885 West Georgia Street Vancouver Canada
Unternehmensinformation / Kurzprofil:
Datum: 14.04.2010 - 11:00 Uhr
Sprache: Deutsch
News-ID 19016
Anzahl Zeichen: 0
contact information:
Town:
Vancouver
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 287 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Consolidated Abaddon Drills 9 Metres 1.3% Lithium at Raleigh Lake Lithium and Rare Earth Project"
steht unter der journalistisch-redaktionellen Verantwortung von
Consolidated Abaddon Resources Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
