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Consolidated Abaddon Resources Inc Profile

Consolidated Abaddon Resources is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.

The Company has acquired the 560 acre Raleigh Lake Lithium property located in the Kenora Mining Division of NW Ontario. Provincial government mapping in the 1990's identified a "Pegmatite Field" trending through the area and in 1999 and 2000, Avalon Ventures Ltd. released drill results including 1.50% Li over 6.9 metres, 1.00% Li over 4.1 metres, and 0.56% Li over 3.2 metres. Consolidated Abaddon conducted an autumn exploration program in 2009 and is utilizing all data gathered (new and historic) to direct a winter 2010 comprehensive drill program.

The Selwyn Lake rare earth elements property is located in the Selwyn Lake Township of, NW Ontario. The property includes 13 claim blocks covering 1219 hectares covering the anomaly. The property is accessible by road and lies 4 kilometres from a railroad. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake (REE) Rare Earth Element project of Quest Uranium in Labrador. The area has potential for rare earth or molybdenum pegmatites or Olympic Dam style mineralization

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. Canterra Minerals Corp. has earned a 60% interest in the Mann Lake uranium property.

The Company's 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. has earned a 51% interest in the Huard - Kirsch Lakes uranium property.

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 28-Oct-2010 09:57AM by Ahlan