Abitex and Azimut discover uranium mineralization grading up to 0.65% U3O8 at Central Minto, Nunavik, Quebec



    VAL-D'OR, QC, Jan. 22 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE)
("Abitex") and Azimut Exploration Inc. ("Azimut") report encouraging results
from their 2008 exploration program at the Central Minto property in Nunavik,
Quebec. The property consists of two claim blocks totalling 1,146 claims and a
surface area of 535 km2. Abitex has the option to earn a 50% interest on the
Central Minto property and an additional 15% interest upon the delivery of a
bankable feasibility study. Azimut has been the project operator for the last
two years during which the entire property was covered by airborne geophysical
surveys and lake-bottom geochemical sampling surveys.
    Last summer's one-week initial prospecting work involved the preliminary
assessment of two strong targets with a cumulative length of 30 km, which were
recognized during the 2007 program (press release of April 3, 2008).
    A total of 15 samples were collected: 8 from outcrops and 7 from
boulders. Outcrop samples returned assays up to 0.65% U3O8 and boulder samples
yielded assays up to 0.17% U3O8. A significant portion of the target areas
remain unprospected.
    
    Uranium results for the 15 grab rock samples are as follows:

    - 4 samples with values above 0.05% U3O8, including: 0.65% U3O8,
      0.17% U3O8, 0.11% U3O8 and 0.059% U3O8;
    - 6 samples with values between 0.01% and 0.05% U3O8;
    - 5 samples with values less than 0.01% U3O8.
    

    The U/Th ratios for the 4 samples with more than 0.05% U3O8 range from 9
to 154. Scintillometer readings from mineralized outcrops with values above
0.05% U3O8 range from 5,000 to 16,300 cps. Mineralization is hosted mainly in
pegmatite and granite. In the northwestern part of the property,
mineralization appears to be associated with major northeast-trending
lineaments, whereas mineralization in the southwestern part of the property
occurs along an important northwest-trending structure. The showing with the
value of 0.65% U3O8 (U/Th ratio of 154) contains abundant hematite and appears
related to a structure. This prospect is considered to be a very attractive
target. Data interpretation is nearly complete and a follow-up program will be
defined. Abitex is encouraged by the initial ground proofing program which
confirms the uranium potential of this area.
    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. This
press release was reviewed and approved by Yves Rougerie, P. Geo., acting as
Abitex's Qualified Person under NI 43-101. 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.
    %SEDAR: 00003760EF




For further information:

For further information: Yves Rougerie, President and CEO, (819)
874-6200, Fax.: (819) 874-6202, info@abitex.ca


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890