SOURCE: Consolidated Abaddon Resources Inc.

February 07, 2007 13:53 ET

Denison Mines to Drill Huard-Kirsch Lakes Uranium Property, Athabasca, Saskatchewan

VANCOUVER, BC -- (MARKET WIRE) -- February 7, 2007 -- Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announce that Denison Mines Corp. (TSX: DML) has informed the Company that a diamond drill program on the Huard-Kirsch Lakes property is planned for March 2007. The Huard-Kirsch Lakes property is located in the eastern Athabasca Basin of northern Saskatchewan and is situated approximately 20 km to the northwest of Cameco's McArthur River Uranium Mine. The Huard-Kirsch Lakes property consists of approximately 13,500 hectares. Denison Mines Corp. has the option to earn a 51% interest in the property from Consolidated Abaddon by incurring $1,500,000 of exploration expenditures on or before November 1, 2008 (see November 2, 2005, news release). Denison Mines is the project operator.

                            Claims Map:
    http://www.consolidatedabaddon.com/i/maps/athabascaclaims.jpg
A total of approximately 1,700 metres of drilling is planned for the Haurd-Kirsch Lakes project this winter. A winter road to provide access to the property is currently being established by the contractor (Boart Longyear Inc.).

Denison Mines has completed several exploration surveys on the Huard-Kirsch Lakes project to date. Exploration has consisted of grid establishment, boulder geochemistry, airborne and ground geophysics. Denison Mines is preparing to test a broad basement conductor at an interpreted depth of 750 metres below surface. The property is interpreted to be underlain by a conductive meta-sedimentary sequence that has never been drill tested. Interpretations of this data suggest that the anomaly represents a favorable target for exploration for unconformity uranium deposits.

The Company looks forward to a successful 2007 winter drill season on the Huard-Kirsch Lakes project.

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of western Labrador.

Property partners include Denison Mines Corp. and Triex Minerals Corp.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
____________________________
JAMES G. PETTIT
President
THE TSX VENTURE EXCHANGE AND FRANKFURT STOCK EXCHNAGE HAVE NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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.

            Consolidated Abaddon Resources Inc.

Suite 1490, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
                www.consolidatedabaddon.com

Trading Symbol (TSX.V: ABN), (Frankfurt:       Telephone: (604)
E2L)                                           687-3376
Email: info@consolidatedabaddon.com            Facsimile: (604)
                                               687-3119
Copyright © Hugin ASA 2007. All rights reserved.

Contact Information

  • For further information contact:
    Don Myers
    Consolidated Abaddon Resources Inc.
    Director
    Telephone: 604-687-3376
    Toll Free: 800-567-8181
    Facsimile: 604-687-3119
    Email: Email Contact