Abitex reports channel sampling results for Epsilon U-Au property
VAL D'OR, QC,
Yves Rougerie, President & CEO, reports: "The results of the channel sampling on the Epsilon-B outcrop confirm the importance of this discovery. Based on its striking similarities with the "L" deposit, its surface setting and the significant grades encountered to date, we believe the Epsilon-B occurrence has the potential to quickly develop into a significant uranium-gold resource. Abitex is now planning a winter drilling campaign for this strong discovery."
Epsilon-B
Abitex discovered the Epsilon-B outcrop in late
------------------------------------------------------------------------- Epsilon-B From To Length U3O8 % Ag g/t Pb % Au g/t Channel # ------------------------------------------------------------------------- 4003 0 20.7 20.7 0.192 9.82 0.137 Pending ------------------------------------------------------------------------- Incl. 8.4 18.0 9.6 0.413 20.04 0.317 " " ------------------------------------------------------------------------- ------------------------------------------------------------------------- 4004 0 11.1 11.1 0.214 17.91 0.221 Pending ------------------------------------------------------------------------- Incl. 2.4 7.5 5.1 0.449 35.11 0.426 " " ------------------------------------------------------------------------- Incl. 6.6 7.2 0.6 3.608 231.00 2.740 " " -------------------------------------------------------------------------
The results confirm the widespread distribution of, and significant grades for uranium and certain metals throughout the outcrop. Gold assays are pending. Based on the numerous similarities between the Epsilon-B occurrence and the "L" deposit, it is likely the mineralization continues laterally along strike below overburden cover as well as at depth. The silicified sandstones are locally covered by a meter-thick strongly fractured, hematized and albitized sandstone unit which is in contact with an overlying gabbro intrusive sill, identical to the "L" deposit setting. This upper sandstone unit is strongly mineralized with disseminated and fracture filling vein-type uranium and poylmetallic minerals. Most of this unit has been eroded at the exposed outcrop level. Two large representative samples, 55 kg each, were taken for which assays are expected shortly. Three small grab samples were also taken from this unit where centimetric veins of massive pitchblende and poylmetallic mineralization are observed. These samples, reported below, were taken to better identify the suite of elements associated with the uranium mineralization but are not representative of the unit as a whole.
------------------------------------------------------------------------- Epsilon-B U3O8 % Ag g/t Pb % Au g/t Grab Samples ------------------------------------------------------------------------- Z001* 51.77 958.5 20.50 86.6 ------------------------------------------------------------------------- Z002 0.62 9.3 0.24 0.81 ------------------------------------------------------------------------- Z003 8.04 197.0 4.60 3.43 ------------------------------------------------------------------------- *Average of 2 assays
Epsilon-A
The Epsilon-A outcrop is located 750 meters north of the Epsilon-B occurrence. Discovered late in 2008 and stripped, washed, mapped and sampled in
------------------------------------------------------------------------- Epsilon-A From To Length U3O8 % Ag g/t Pb % Au g/t Channel # ------------------------------------------------------------------------- 4001 0 9.9 9.9 0.067 6.34 0.095 1.04 ------------------------------------------------------------------------- Incl. 7.8 9.9 2.1 0.179 13.44 0.277 1.27 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 4002 0 8.1 8.1 0.016 1.02 0.02 0.02 ------------------------------------------------------------------------- Incl. 5.4 8.1 2.7 0.047 2.57 0.05 0.033 -------------------------------------------------------------------------
Channel 4001 was cut perpendicular to the mineralized fracture set, while channel 4002 was parallel. This explains the much lower grade for the latter channel sample. Of significance is the widespread distribution of gold at the outcrop level, suggesting high porosity in the laminated sandstones and a potential trap for mineralization. More ground work is required at Epsilon-A in order to better understand the setting and direct future exploration.
The stripping and sampling program on the Epsilon property was completed by Groupe Omégalpha Inc. of Joliette, Québec. Samples were taken, transported and shipped by Groupe Omégalpha to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for assay by ICP Total Digestion for 46 elements. Gold is subsequently done by Fire Assay on 30g aliquots.
The technical information in this release has been prepared, reviewed and approved by Yves Rougerie. P.Geo., President and CEO of Abitex.
About ABITEX ------------
ABITEX is an exploration and development company based in Val d'Or,
The Company's public documents may be accessed at www.sedar.com
------------------------------------------------------------------------ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
%SEDAR: 00003760EF
For further information: Yves J. Rougerie, President and CEO, (819) 874-6200, Fax: (819) 874-6202, [email protected]
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