Abington Resources Ltd.

Abington Resources Ltd.

October 25, 2010 15:16 ET

Abington Resources Ltd.: Rock Sample Results in Line with Historic Data on Treasure King

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - Abington Resources Ltd. (TSX VENTURE:ABL)(PINK SHEETS:ABIZF) is pleased to announce the results of the Orientation Survey rock sampling on our Treasure King gold property 65 miles north of Phoenix, Arizona. Abington is attempting to confirm and corroborate the existence of the mineralization and geochemical anomalies generated by REDCO and Royal Gold that led to the permitting for an open-pit heap leach operation in the late 1980's.

Previous lithogeochemical sample programs delineated the Main Shaft Target Area and the South shaft Target Area (Nielson, 1990). Nielson indicates that the gold mineralized samples are associated with quartz-veined iron formation in both areas with some samples exceeding 1.0 ppm gold.

Abington's survey included the collection of sixty-one lithogeochemical samples from Proterozoic metavolcanic rocks and cherts +/- white quartz veins throughout Abington's 40-claim block. This preliminary study indicates that the Proterozoic hydrothermal system(s) are gold-dominant with minor anomalous base metals. The Treasure King pyritic chert with white quartz veining that hosts the gold mineralization contains 1 to 2 ppm gold. The quartz-sericite altered metarhyolites and quartz porphyry to the east of the chert contain anomalous gold up to 168 ppb.

Locally, up to 50 feet of Quaternary gravels and Quaternary alluvium cover the Proterozoic rocks. Most samples are from outcrops and were chip-channel sampled over five foot lengths.


Samples were in the care of and shipped by our professional geologist to Skyline Assayers and Laboratories of Tucson, Arizona, an accredited laboratory with the recognized International Standard ISO/IEC 17025-2005. Gold was analyzed by Fire Assay with an Atomic Absorption finish. Trace element geochemistry (49 elements) was performed via Aqua Regia leach and analyzed by ICP/MS.

Of the sixty-one rock samples, twenty samples returned values greater than 10 ppb gold, including four samples over 1,000 ppb gold. The highest value obtained was 2,196 ppb gold.

Sample E-800 (2,196 ppb gold) and Sample E-801 (1,016 ppb gold) were taken from the North Shaft area. This was the initial target area of Royal Gold and REDCO. It is approximately one mile north of the South Shaft area which was their secondary area of interest.

Sample E-792 (1,504 ppb gold) was collected from a chert one-hundred meters west of the sample collected by Royal Gold named the East Main Shaft Target. This is located close to halfway between the North and South Shaft areas.

Sample E-784 (1,200 ppb gold) was collected from a chert near the western boundary of the claim block approximately ¼ of a mile WSW of sample E792. It lies at the northern end of a zone of weakly anomalous copper and gold. This mineralized horizon was previously unrecognized, although Royal Gold collected three samples, including one with 248 ppb gold at the south end of its currently known extension.

At the South Shaft area approximately 1/3 of a mile south of the East Main Shaft Target, Sample E-753 (527 ppb gold) was collected from a chert and quartz-veined outcrop exposed north of the shaft. This confirms the existence of mineralization as indicated by Royal Gold. This chert horizon is about seven hundred meters (0.43 miles) long and was sporadically sampled by Royal Gold along its length.

The Main Shaft area indicated as a target by Royal Gold, contained 230 to 528 ppb gold in their three samples collected on the ridge top above and north of the shaft. Their samples (<5 to 48 ppb gold) were collected in the vicinity of the shaft-adit lower on the slope at the south end of the ridge. Abington Samples E-794 and 797 through 799 ranged from 6 to 52 ppb, which is approximately the same as Royal Gold's results lower on the slope.

The North Shaft, East Main Shaft area, the anomalous copper/gold zone, the South Shaft, and Main Shaft areas (particularly the ridge top) are all potential target areas and will be sampled in greater detail to determine if drill targets exist along the mineralized trends.

This survey was headed by a professional geologist who, since 1980, has continued field-based studies and used applied geochemical techniques exploring for volcanogenic massive sulfide deposits in the Proterozoic rocks of central Arizona – the general area of the Treasure King. The above mentioned historical Royal Gold assays were referenced from an October, 1991 geochemical summary map generated by Royal Gold, Inc.

Additional Orientation Survey results will be issued shortly.

Abington announces it has dropped its claims in Ontario, Canada after being unable to secure a suitable package of nearby properties for potential joint venture. No work was performed on these claims.

The technical portion of this release has been reviewed by Qualified Person Laurence Sookochoff, P.Eng.

ABINGTON RESOURCES LTD. is engaged in the acquisition, exploration, development and production of precious metals and natural resources. The Company has no debt (other than short-term payables) and derives an income from oil wells in Western Canada.

"Walter Brenner"
Walter Brenner
Director, President & Chief Executive Officer

"The forgoing is for informational purposes only, and is not to be construed as an offer to buy or sell securities in any jurisdiction. It may contain forward-looking statements. While the data compiled by management is from sources deemed to be reliable, actual future results may vary materially. Abington Resources Ltd. does not assume the obligation to update any forward-looking statement and will not be responsible for any loss arising from the use of this information. Historically reported results are from professional consultants working for Royal Gold, REDCO and Conoco and may not be NI 43-101 compliant. Caution should be used in relying on such information. Abington is currently working to duplicate their results. We seek safe harbor."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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