Abitex reports high grade U3O8 and Gold results from Epsilon project
VAL-D’OR, QC, Jan. 20 /CNW Telbec/ – Abitex Resources Inc. (TSX-V: ABE) (the “Company”) is pleased to announce U3O8 and Au assay results for its 100% owned Epsilon uranium-gold project located in the Otish Mountains, Quebec. The property is located 15 km west of the Company’s Lavoie uranium-gold deposit which has an NI 43-101 resource estimate of 391,000 tons grading 0.45% eU3O8 for 3,910,000 lbs U3O8 in the Indicated category and 749,000 tons grading 0.56% eU3O8 for 9,260,000 lbs U3O8 in the Inferred category (Press release of March 2, 2010, technical report available on SEDAR). Below assay results are provided for two separate zones on the Epsilon property: channel samples from the Epsilon-B occurrence and representative grab samples from the Lac Banane boulder field.
Epsilon B occurrence
Five channel samples were taken across the higher-grade section of the Epsilon-B occurrence in 2010. Channels are each 4 meters long, parallel to one another and 1.5 m apart. Individual samples are all one meter in length. Results are as follows:
| Number of
These results demonstrate the relatively high grade nature of the U3O8 mineralization at the Epsilon-B occurrence and the very significant associated gold component. These are clear indications of the potential of the property to host a significant uranium-gold resource similar to the Lavoie deposit. The limited drill programs undertaken in 2010 proximal to the occurrence did not intersect mineralization similar to that of the surface outcrop. More exploration work and additional drilling are required to better understand the local geology and the structural context likely controlling the transport and emplacement of the mineralization. A program to this effect is in preparation for 2011.
Lac Banane mineralized boulder field
The Lac Banane boulder field was first discovered by SÉRU (today AREVA) in the early 1980’s. Four or five small boulders grading up to 0.5% U3O8 had been found in a 30-40 meter radius on the Epsilon property, approximately 5 km east of the Epsilon A & B occurrences. No source was discovered. Abitex field work in 2010 discovered numerous new boulders that extend the boulder train to almost 400 meters in a north-south direction. The boulder train is very linear, suggesting minimal transport. Most boulders are less than 30cm in size with only a few larger sub-angular boulders. Boulders are composed of highly altered mafic intrusive rock with an unusual geochemical signature. Uranium mineralization is comprised of uraninite, uranophane and gummite. Results are as follows:
|Boulder #|| Scintillometer
Thorium (Th) values are all below 3 ppm whereas Lead (Pb) ranges up to 0.62%. This indicates the mineralization is most likely remobilized/epithermal and therefore similar in nature to the known Lavoie deposit and Epsilon occurrences. More work will be completed in this area in 2011 to follow up on these very promising results.
Exploration work on the Epsilon property is contracted to GroupeOmégalpha of Joliette, Quebec under the supervision of S. Genest, PhD, P.Geo. Samples were shipped to SRC Geoanalytical Laboratories in Saskatoon, Sk, for assay by ICP for U3O8 and by Fire Assay for Gold. Blanks, duplicates and standards were inserted in the sampling suite as part of a standard QA/QC program.
The technical information in this release has been prepared, reviewed and approved by Yves Rougerie. P.Geo., President and CEO of Abitex. Mr. Rougerie is a Qualified Person as defined by National Instrument 43-101.