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