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Consolidated Abaddon Resources Inc Profile

Consolidated Abaddon Resources Inc. is a small cap uranium explorer developing properties in the ATHABASCA BASIN of northern Saskatchewan with large cap partners Denison Mines Corp.
and Triex Minerals Corp.

The uranium (U3O8) deposits of Saskatchewan, Canada are arguably the richest in the world. Consolidated Abaddon has interest in approx. 160 square kilometres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan.

Consolidated Abaddon's Mann Lake uranium property is located approx. 25 km to the SSW of Cameco Corporation's high-grade McArthur River Uranium Mine and 15 km to the NE of Cameco's Millennium U3O8 discovery in the Athabasca Basin. Triex Minerals Corp. has earned a 51% interest in the Mann Lake property. The Company's drill ready Huard - Kirsch Lakes uranium property is situated approx. 20 km to the NW of Cameco's McArthur River Uranium Mine in the Athabasca Basin. Denison Mines Corp. is earning a 51% interest in the Huard - Kirsch Lakes property.

Consolidated Abaddon is earning a 50% interest in the drill ready Pinto Uranium project from Utah Uranium Corp. consisting of 6,800 acres in the Henry Mountain Syncline of East Central Utah. Utah Uranium Corp. acquired the Pinto Claims from Ted Murer, PGeo, who discovered the nearby Tony M Mine, which contains 10,898,000 pounds of U308. The Bullfrog Mine was discovered adjacent and north of the Tony M Mine and contains an additional 12,924,000 pounds of U308. These mines are now owned by Denison Mines Corp. and are collectively known as the Henry Mountains complex.

The Company is also earning, from Rubicon Minerals Corp., a 100% interest in the Pukaskwa uranium properties totaling 103,000 acres located in the Algoma Mineral District, 250 km NW of Elliot Lake, Northwestern Ontario. The Company believes the target could be large-scale, intrusive associated uranium mineralization potentially amenable to open pit mining.



Consolidated Abaddon Resources Inc.'s goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.

Last changed at 30-Oct-2008 12:26PM by AGORACOM

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