Consolidated Abaddon Resources Inc.: Triex Begins Drilling at Mann
Lake Uranium Project, Athabasca, Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwire - November 15, 2007) -
Consolidated Abaddon Resources Inc. (TSX VENTURE: ABN) (FRANKFURT:
E2L) announces that Triex Minerals Corp. has informed the Company
that a diamond drill rig has been moved to Consolidated Abaddon's 49%
/ Triex Minerals 51% owned Mann Lake uranium property located in the
heart of the eastern corridor of the Athabasca Basin of Northern
Saskatchewan, 25 kilometres southwest of McArthur River uranium mine.
Athabasca Basin Claims Map:
http://www.consolidatedabaddon.com/i/maps/ABN_Athabasca_Map_11X17.jpg
Drilling is now underway at the Mann Lake project. Four holes are
planned for a total of 3,200 metres. Two holes will be spaced closely
around hole MN06-002, completed in September 2006, which intersected
90 metres of intensely fractured, strongly bleached, and locally
pervasively illite-altered sandstone at the base of the Athabasca
Group.
See 2006 core photo at:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN-MannCores.gif
Two additional holes will test a second target area on the property
not tested during last year's program. The Mann Lake area continues
to be active. Cameco Corporation carried out extensive drilling this
summer to follow up basement-hosted mineralization discovered in 2006
on their joint venture property, which is on the eastern border of
the Mann Lake property.
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.
The Company is also developing a uranium property east of Moab, Utah.
Property partners include Denison Mines Corp., Triex Minerals Corp.,
and Utah Uranium Corp.
For further information on Consolidated Abaddon Resources Inc. (TSX
VENTURE: ABN), visit our 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.
Contacts:
Consolidated Abaddon Resources Inc.
James G. Pettit
President
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Consolidated Abaddon Resources Inc.
Don Myers
Director
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Email: info@consolidatedabaddon.com
Website: www.consolidatedabaddon.com
