Consolidated Abaddon Resources Inc.

Consolidated Abaddon Resources Inc.

March 29, 2006 08:30 ET

Consolidated Abaddon Resources Inc.: Spring/Summer Uranium Exploration & Drilling Plans Announced

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2006) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) is pleased to announce its spring / summer exploration and drilling plans regarding its uranium properties in Labrador and Saskatchewan.

Sims Lake Property, Sims Basin, Labrador

Consolidated Abaddon has now optioned out 51% in its Sims Lake property in western Labrador for uranium exploration to International Uranium Corporation (IUC). A budget has been put in place by IUC to conduct an initial drill program on the Sims Lake project as a follow up to Consolidated Abaddon's 2005 summer program consisting of a closely space airborne radiometric / electromagnetic survey.

A 2005 fall field program of detailed mapping / VLF survey of the unconformity associated with the Sims formation rocks and the Knob Lake group rocks indicate the potential for "unconformity style" uranium deposits. Diamond drilling of the electromagnetic conductor associated with the geological unconformity on the Sims Lake claim group will be undertaken in July 2006. A HLEM survey is also being considered across the strike of the unconformity on the Sims Lake claim group.

Geology Map:

Mann Lake Property, Athabasca Basin, Saskatchewan

As previously announced by Consolidated Abaddon (new release 01-25-06), Patterson Geophysics Inc. of La Ronge, Saskatchewan completed a moving loop TEM survey on Jan. 16th and the data is currently being processed and interpreted. MWH Geo-Surveys of Salmon Arm, B.C. subsequently completed a gravity survey at the end of January. Final processing of gravity data and integration with TEM data for final interpretation is currently being done by Robertshaw Geophysics Ltd. of Saskatoon, Saskatchewan. The Company expects to have a complete and final report by late April. Given the short (warm) winters over the last two years, Consolidated Abaddon is very pleased to have all the ground geophysics completed with very few delays and a high standard of data quality maintained.

Consolidated Abaddon's operating partner for the Mann Lake joint venture, Triex Minerals Corp., has contracted Geotech's V-TEM (helicopter-based time-domain EM) to fly the northern half of the Mann Lake property to cover historic geochemical anomalies. The survey will map magnetic, conductivity and resistivity features. This survey is scheduled to be flown before the end of March, such that final data and interpretations are expected before the end of April.

A first phase drilling program is anticipated at the Mann Lake project once all ground and airborne geophysical data are integrated with geology and geochemistry to refine and prioritize targets for drill testing.

Location Map:

Huard - Kirsh Lakes property, Athabasca Basin, Saskatchewan

Consolidated Abaddon's operating partner for the Huard-Kirsh Lakes joint venture, International Uranium Corporation (IUC), has now established a 65 km of line cutting on the property as a follow up to the airborne geophysical survey that was completed by Consolidated Abaddon in 2005. Patterson Geophysics Inc of La Ronge, Saskatchewan has now completed approx. 7 km of a "moving loop" EM survey on the grid. IUC has now contracted Quantec Geophysics of Toronto to complete approx. 21 km of geophysical surveys consisting of Audio Magneto-Tellurics and a test of the IP Resistivity using the Titan 24 System to further enhance the airborne geophysical data. These programs are intended to start before the end of March 2006. All geophysical data will be compiled and interpreted to prioritize targets for drill testing.

IUC intends to carry out a summer program of till and boulder train analysis. If the geophysics and the summer program substantiate the previous airborne geophysics, IUC will be prepared to drill the Huard - Kirsh Lakes project next winter.

For further information on Consolidated Abaddon Resources Inc. (TSX.V: ABN), visit the Company's web site at

Consolidated Abaddon Resources Inc. is a Canadian uranium and precious metal exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of northwestern Labrador. The Company is also developing a gold property in the RED LAKE MINING DISTRICT of northwestern Ontario.


"Don Huston"

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Consolidated Abaddon Resources Inc.
    Don Huston
    (604) 687-3376 or Toll Free: 800-567-8181
    (604) 687-3119 (FAX)
    Consolidated Abaddon Resources Inc.
    Don Myers
    (604) 687-3376 or Toll Free: 800-567-8181
    (604) 687-3119 (FAX)