Wed Sep 28, 2005 Correction To September 19th News Release
Vancouver, BC -- Consolidated Abaddon Resources Inc. (the Company) would like to make a correction to the Company's News Release on September 19, 2005. Consolidated Abaddon should have announced that the Company has an Option Agreement in place with BHP Billiton and Gallery Resources Ltd., whereby BHP Billiton and Gallery can earn a 51% interest in Consolidated Abaddon's Sims Lake and Gabbro Lake properties located in western Labrador by spending $1.3 million over 3 years. The Option Agreement relates to all non-uranium metals.
Consolidated Abaddon announced on September 19th that it has now mobilized a geological team onto its Gabbro Lake and Sims Lake properties in Labrador to conduct surface geophysics, rock sampling, and a detailed prospecting program for the beginning of the fall-winter 2005/06 planned exploration program. The mobilization of the crew and the cost of this program will be shared with the Company's option partners BHP Billiton and Gallery Resources Ltd. It is Consolidated Abaddon's intention to carry out a detailed work program on all priority anomalies identified from a recently completed airborne geophysical survey, with the objective of implementing a diamond drill program in the winter of 2005 / 2006.
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 northwestern Labrador. The Company is also developing a gold project in the Red Lake Mining District on northwestern Ontario.
On Behalf Of The Board Of Directors
James G. Pettit
For further information contact myself or:
Consolidated Abaddon Resources Inc.
VP Corporate Communications
Toll Free: 800-567-8181
THE TSX VENTURE EXCHANGE HAS 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.
You can view the Next News Releases item: Mon Oct 3, 2005, International Uranium Corp. Signs Letter Of Intent To Acquire 51% In Huard-Kirsch Lakes Uranium Property, Athabasca, Saskatchewan
You can view the Previous News Releases item: Mon Sep 26, 2005, TRIEX MINERALS OPTIONS MANN LAKE URANIUM PROPERTY, ATHABASCA BASIN, SASKATCHEWAN
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