Consolidated Abaddon to Begin Drill Program on Raleigh Lake Lithium Property
(Thomson Reuters ONE) - Consolidated Abaddon Resources Inc. / Consolidated Abaddon to Begin Drill Program on Raleigh Lake Lithium Property processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. Suite2230, 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 January 26, 2010 Consolidated Abaddon toBegin Drill Program on Raleigh Lake Lithium PropertyVancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the"Company") announces that a winter 2010 drill program is scheduled to commencethe first week of February on its recently acquired 560 acre Raleigh LakeLithium project located in the Kenora Mining Division in Northwestern Ontario.The Raleigh Lake Lithium property is ideally located 5 km south of the TransCanada Highway equidistant between the towns of Dryden and Ignace, Ontario.Accessibility to the property is also readily available with infrastructure andpower nearby.Drilling on the Raleigh Lake Lithium and Tantalum zone is scheduled for February2010. A phase one drill program consisting of 5 to 7 holes totallingapproximately 1500 metres will be carried out by Rodren Drilling of Winnipeg,Manitoba. A detailed magnetometer survey was completed across the entireproperty in November 2009. Structural interpretations from the magnetic data arebeing used in targeting of the drill holes on the property.Only a few shallow holes were drilled on the Raleigh Lake property by AvalonVentures Ltd. in 1999 and 2000. Historic data available in the OntarioGovernment geological files reflect certain significant intersections below.Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metresHole # RL 99-04 1.00 % Li over 4.1 metresHole # RL 99-05 1.50 % Li over 6.9 metresLithium and Tantalum are associated with a shallow dipping pegmatite system thatcrosscut mafic volcanic rocks on the Raleigh Lake property. These volcanic rocksflank granitic intrusives. The structural elements from the magnetometer surveyidentify structural areas where "ground preparation" may have lead to thickerand more prospective sections of pegmatite. Several rock geochemical anomaliesare aligned with interpreted structures in the general area of previousintercepts and will be further tested.The Raleigh Lake lithium-bearing pegmatites have been known in the area sincethe 1960s. Ontario Provincial Government mapping in the 1990s identified apegmatite field trending through the area. A very modest drill program conductedby Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping(20 to 30 degrees) lithium bearing dikes in several drill holes. Thicknessesranged from one to eight metres and were shown to continue 450 metres down dip.Drill holes were relatively shallow and broadly spaced. The pegmatites appearvery uniform at the spacing used and occur in volcanic rock flanking graniticintrusions. Raleigh Lake lithium property map: http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Raleigh_Lake.jpgConsolidated Abaddon has approximately $2.3 million in its treasury and no debt.David Busch, BA, BSc, PGeo, is the qualified person under the meaning ofNational Instrument 43-101 and has reviewed the data in this news release.About Consolidated Abaddon Resources Inc.:Consolidated Abaddon Resources Inc. is a Canadian exploration company activelyinvolved with the development of uraniumand lithium properties in the AthabascaBasin of northern Saskatchewan and in northwestern Ontario.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. PETTITPresidentFor further information contact myself or:Don MyersConsolidated Abaddon Resources Inc.DirectorTelephone: 604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email:info(at)consolidatedabaddon.com NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.This news release may contain certain "Forward-Looking Statements" that mayinvolve a number of risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements. For a more detaileddiscussion of such risks and other factors, refer to the Company's filings withCanadian Securities regulators available onwww.sedar.com .[HUG#1377029] --- End of Message --- Consolidated Abaddon Resources Inc.Suite 1490 - 885 West Georgia Street Vancouver CanadaWKN: 935334;ISIN: CA20855Q1063;
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Datum: 26.01.2010 - 03:00 Uhr
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