Consolidated Abaddon Resources Inc.: Gold Reach Resources Drills 100m of 0.497% Copper and 0.43 G/T Gold at Seel
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2008) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) announces that Gold Reach Resources Ltd. has received all remaining assay results from the companies 20-hole winter drill program at Consolidated Abaddon's 10% owned, Gold Reach 90% owned Seel property located in central British Columbia. The objective during this winter drill campaign was threefold: better define the walls of the Cu-Au porphyry with tighter infill drilling, identify width and plunge of the Seel breccia pipe and test the extent of the Cu-Mo porphyry with 100-metre step-out drilling.
The table shows the new mineralized intervals from holes S08-69 to S08-80. Previous results from drill holes S08-60 to S08-68 can be viewed in the Gold Reach's news release dated May 1, 2008.
Section
(045
degrees
HOLE FROM TO LENGTH CU% AU_GT AG_GT MO_PPM ZN_PPM Target look)
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Cu-Au
S08-69 73.15 110.00 36.85 0.319 0.288 0.7 42 46 Zone 4800N
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S08-69 117.50 312.50 195.00 0.281 0.296 0.5 9 39 " "
----------------------------------------------------------------------------
S08-70 48.77 175.00 126.23 0.128 0.081 0.4 176 95 Cu-Mo
Zone 4700N
----------------------------------------------------------------------------
S08-70 182.50 200.00 17.50 0.076 0.108 0.7 83 188 " "
----------------------------------------------------------------------------
S08-70 255.00 267.50 12.50 0.085 0.167 1.8 14 80 " "
----------------------------------------------------------------------------
S08-71 30.48 313.03 282.55 0.109 0.077 0.6 186 112 Cu-Mo
Zone 4600N
----------------------------------------------------------------------------
S08-72 83.82 125.00 41.18 0.246 0.246 0.4 5 41 Cu-Au 4800N
Zone drilled
N
----------------------------------------------------------------------------
S08-72 155.00 255.00 100.00 0.497 0.430 5.6 5 314 " 4900N
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S08-72 282.50 300.00 17.50 0.082 0.045 0.3 49 226 " 4900N
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S08-72 310.00 317.50 7.50 0.116 0.029 1.5 18 99 " "
----------------------------------------------------------------------------
S08-73 25.00 35.00 10.00 0.046 0.049 0.3 54 74 Cu-Mo
Zone 4500N
----------------------------------------------------------------------------
S08-73 57.50 237.50 180.00 0.094 0.100 0.2 164 125 " "
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S08-74 neg West of
zone 4200N
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S08-75 neg West of
zone 4200N
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S08-76 90.00 97.50 7.50 0.218 0.051 7.9 5 3100
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S08-77 132.50 135.00 2.50 0.133 0.020 4.9 10 143 West
of
zone
Seel
Breccia 5000N
/ Cu-Au drilled
Zone S
----------------------------------------------------------------------------
S08-78 6.10 42.50 36.40 0.209 0.173 7.8 31 2829
----------------------------------------------------------------------------
S08-78 147.50 155.00 7.50 0.116 0.103 0.2 17 25 Cu-Au
Zone "
----------------------------------------------------------------------------
S08-78 190.00 200.00 10.00 0.091 0.111 0.3 8 29 " 4900N
----------------------------------------------------------------------------
S08-78 207.50 225.00 17.50 0.105 0.120 0.3 8 23 " "
----------------------------------------------------------------------------
S08-78 232.50 242.50 10.00 0.148 0.134 0.3 10 17 " "
----------------------------------------------------------------------------
S08-78 262.50 287.50 25.00 0.108 0.150 0.7 17 36 " "
----------------------------------------------------------------------------
S08-78 297.50 303.90 6.40 0.224 0.315 1.5 30 58 Cu-Au "
Zone
(ended
in
mineral)
----------------------------------------------------------------------------
S08-79 37.50 205.00 167.50 0.100 0.063 0.3 90 63 Cu-Mo
Zone 4700N
----------------------------------------------------------------------------
S08-80 lost Seel
Breccia 5000N
----------------------------------------------------------------------------
Over 67 drill holes now identify at least two distinct mineralized copper-gold and copper-molybdenum porphyry systems, flanked by a copper-silver-rich breccia pipe. The entire mineralized area occurs as a horseshoe-shaped feature with combined arms of the horseshoe extending at least 1,100 metres long and up to 200 metres wide. Mineralization is porphyry in style and is hosted exclusively in Cretaceous rocks of the Bulkley intrusive suite, similar to the Huckleberry, Bergette, Whiting Creek and Ox Lake porphyry copper deposits.
Within this larger zone of porphyry mineralization is a very significant Cu-Au stock and a flanking Seel breccia pipe which the company plans to investigate further. The stock measures 370 metres by 220 metres, and has intruded and overprinted the earlier copper-molybdenum porphyry. The breccia pipe occurs inside the open portion of the mineralized horseshoe, 100 metres to the northwest of this gold-rich stock, and measures approximately 200 metres in diameter. Here, the high-grade copper-silver-zinc mineralization of the breccia occurs on the outer flanks of the pipe and plunges distinctly toward the copper-gold porphyry. Combining the higher-grade nature of the Seel breccia with the nearby copper-gold stock confirms this area as a potential exploration target for future drilling.
The larger portion of this mineralized feature or horseshoe is enriched in copper and molybdenum, and has been drilled on 100-metre step-outs.
All of the drill hole data on the Seel Breccia have been forwarded to Wardrop Engineering in order for them to complete a National Instrument 43-101-compliant resource calculation.
Technical information in this News Release has been reviewed by Derrick Strickland, PGeo, of Gold Reach Resources, a qualified person as defined in National Instrument 43-101.
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 and the Algoma District of northwestern Ontario. The Company is also developing a uranium property east of Moab, Utah. Property partners include Gold Reach Resources, Denison Mines Corp., Triex Minerals Corp., and Utah Uranium Corp.
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
JAMES G. PETTIT, President
The TSX Venture Exchange and Frankfurt Stock Exchnage have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this news release.
