Aben Resources Ltd.

Published : April 14th, 2010

9 Metres 1.3% Lithium Drilled at Raleigh Lake Lithium and Rare Earth Project

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Keywords :   Diamond | Lithium | Market | Rare Earth | Rubidium |
    
Wednesday, April 14, 2010 News Release

9 Metres 1.3% Lithium Drilled at Raleigh Lake Lithium and Rare Earth Project



Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") has completed a seven hole, 1464 metre, Diamond drilling program at its Raleigh Lake Lithium (Li) and Rare Earth Elements (REE) property located in the Kenora Mining Division in northwestern Ontario.

Raleigh Lake Lithium project location map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/Ignace.jpg

Assaying (SGS Laboratories) was done by completing a 55 element suite of minerals. Significant results from the phase one drilling include 9.0 metres of 1.30% Li in hole RL10-2, 4.7 metres of 0.84% Li in hole RL10-1 including 2.2 metres of 1.10% Li and 1.0 metre of 1.33% Li, 5.5 metres of 0.77% Li in hole RL10-3, 9.6 metres of 0.48% Li in hole RL10-5, and 5.7 metres of 0.48% Li in hole RL10-6.

President Jim Pettit stated: "We are encouraged and very pleased with the results from our initial drill program as they have confirmed and expanded the known lithium and REE zone on the property. Combining these results with Avalon's earlier drill results gives us a much clearer understanding of the regional geology and the emplacement of rare earth elements. We look forward to the second phase work program."

Phase One Drill Hole Summary Table
Hole No	 From m	 To m	Length m    % Lithium	% Rubidium    Tantalum ppm
RL10-1	  28.3	 33.0     4.7	       0.84	   0.26	           -
incl	  29.8	 32.0     2.2	       1.10	     -             -
	  29.3	 33.8	  4.5	         -	     -	          130
	 154.3	161.0	  6.7	       0.53	     -	           -
incl	 159.0	160.0     1.0	       1.33	     -             -
	 216.8	219.5	  2.7	       0.51	     -	           -
RL10-2	  84.0	 93.0     9.0	       1.30	   0.18            -
RL10-3	 103.5	109.0     5.5	       0.77	     -             -
	 102.5	113.0	 10.5	        -	   0.21	           -
	 104.0	112.5	  8.5	        -	     -	          200
RL10-4	  77.7	78.75	 1.05	        -	   0.28	           -
	 185.0	186.8	  1.8	       0.57	     -	           -
	184.25	186.8	 2.55	        -	   0.35	          100
RL10-5	  24.4	 34.0     9.6	       0.48	   0.20	          162
RL10-6	 112.2	115.8	  3.6	       0.24	   0.17	          100
	 123.0	128.7     5.7	       0.48	   0.18	          100
RL10-7	 107.3	108.9	  1.6	         -	     -	          900

The phase one drill program was highly successful in confirming and expanding the known lithium and REE mineralization at the property. Pegmatite bodies were intercepted in all seven holes with several pegmatites of 10 to 11 metre thickness being found. The wall rocks to the pegmatites consist of a sequence of mafic volcanics and gabbroic intrusive bodies. These wall rocks are locally sheared, sericite altered and mineralized with pyrite, rhyolite and chalcopyrite. The majority of the intersected pegmatites bodies are rich in spodumene. Spodumene is a lithium bearing silicate mineral and is a common lithium ore mineral in pegmatite mines worldwide.

Only a few shallow holes were drilled on the Raleigh Lake property by the previous owner, Avalon Ventures Ltd., in 1999 and 2000. Historic data available in the Ontario Government geological files reflect certain significant intersections below.

Hole # RL 99-01 0.56 % Li over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres

A litho geochemical survey completed on the property by Consolidated Abaddon has indicated several areas where tantalum, lithium and cesium anomalies are present. These areas are in structural zones related to intrusive granites, some of which are the 'two mica' type. The structures were identified from the ground magnetic surveys and have not yet been drill tested. Further work will focus on these prospective areas.

Average lithium grades from several developing lithium projects around North America range from about 0.25% Li to 1.50% Li. Lithium is a light, highly reactive metal with use in a variety of industrial applications including ceramics, lubricants and pharmaceuticals. The fastest growing market for lithium is as lithium carbonate for use in rechargeable batteries, including those in cell phones, computers and new generations of electric and hybrid vehicles. For every one unit of lithium in a cell phone battery there are 7 in a computer battery, 3,000 in a hybrid car and 7,000 in an electric car; the numbers works out to 9 to 30 kilograms of lithium oxide per car battery. Demand for lithium destined for battery usage is predicted to grow by 20% per year.

David Busch, BA, BSc, PGeo, Vice President of Exploration, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this news release.

About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.

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. PETTIT
President

For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release may contain certain "Forward-Looking Statements" that may involve a number of 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

You can also view this News Release on our website at:
http://www.consolidatedabaddon.com/s/NewsReleases.asp?ReportID=394624
 
    
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Aben Resources Ltd.

EXPLORATION STAGE
CODE : ABN.V
ISIN : CA00289T1084
CUSIP : 20855Q106
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Aben Resources is a gold and molybdenum exploration company based in Canada.

Aben Resources holds various exploration projects in Canada.

Its main exploration properties are RALEIGH LAKE, HIT, SPROGGE, SELWYN LAKE, GAMA LAKE, HUARD-KIRSCH LAKE, RUSTY SPRINGS, MANN LAKE and NWT PERMITS in Canada.

Aben Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.6 millions, € 3.4 millions).

Its stock quote reached its highest recent level on June 11, 1999 at CA$ 96.00, and its lowest recent point on February 17, 2023 at CA$ 0.02.

Aben Resources has 31 940 000 shares outstanding.

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