VAL-D'OR, QC, Jan. 28 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE)
("Abitex") and its partner Azimut Exploration Inc. (TSX-V: AZM) ("Azimut")
report encouraging results from their summer 2008 exploration program at the
South Bienville property in Nunavik, Quebec. A prospecting program assessed
target areas that were previously defined using the positive results obtained
from the 2007 exploration work, which included anomalous uranium values (up to
841 ppm U) in lake-bottom sediments, helicopter-borne geophysics, and
ground-based prospecting (Azimut press release of October 30, 2007).
In 2007 and 2008, a total of 138 rock grab samples were collected from
outcrops (51) and boulders (87). A showing of chalcocite (a copper-bearing
mineral), discovered in a granite outcrop, yielded an assay value greater than
40% Cu and 12 g/t Ag. Abundant hematite veinlets and lesser amounts of
disseminated pyrite and pyrrhotite were also observed, as well as
silicification. The showing is located in an area underlain by a major
structure that correlates with a multi-kilometre copper anomaly in lake-bottom
sediments, with values up to 316 ppm. This target is considered highly
Other outcrop samples returned assays up to 0.67% U3O8, and boulder
samples yielded assays up to 0.77% U3O8. Uranium-bearing rock samples are
spatially related to multi-kilometre helicopter-borne radiometric anomalies
and lake-bottom sediment anomalies. Uranium results are as follows:
- 8 samples with values above 0.05% U3O8, including: 0.67% U3O8 and
0.065% U3O8 from outcrops, and 0.77% U3O8, 0.097% U3O8 and
0.087% U3O8 from boulders;
- 39 samples with values between 0.01% and 0.05% U3O8;
- 91 samples with values less than 0.01% U3O8.
The U/Th ratios for 8 samples above 0.05% U3O8 range from 1 to 50.
Scintillometer readings from mineralized outcrops with values above 0.05% U3O8
range from 4,200 to 15,000 cps. Mineralization is hosted mainly in pegmatite
and granite. Uranophane (a secondary uranium mineral) was observed at several
Data interpretation is nearly complete and will be used to define the
2009 follow-up program. Azimut has been the project operator for the last two
years. The property consists of 10 claim blocks totalling 1,929 claims and a
surface area of 935 km2.
This press release was reviewed and approved by Yves Rougerie, P.Geo.,
Abitex's Qualified Person under NI 43-101. Fieldwork was conducted by IOS
Services Géoscientifiques Inc. of Saguenay, Quebec. All rock samples were
assayed at the Saskatchewan Research Council laboratory in Saskatoon, an
ISO-IEC 17025 accredited facility.
Abitex is an exploration and development company based in Val d'Or,
Quebec, which is currently focused on the definition drilling of the "L"
deposit in Quebec's Otish Mountains region and the ongoing acquisition of
advanced exploration or near-term production uranium assets.
The TSX Venture Exchange (TSX-V) does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Yves Rougerie, President and CEO, (819)
874-6200, Fax.: (819) 874-6202, firstname.lastname@example.org