Abitex reports channel sampling results for Epsilon U-Au property

VAL D'OR, QC, Nov. 20 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce assay results from a channel sampling program on its 100% owned Epsilon U-Au property located 15 km west of the Lavoie property where Abitex is completing an initial resource estimate for the historic "L" U-Au deposit. Both properties are located 350 km north-east of Chibougamau in Quebec's Otish Mountains region.

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 July 2009. Since then, the outcrop was mechanically stripped, washed, mapped and channel sampled. The exposed outcrop area is approximately 30m by 15m. Two cross-cutting channels were sawed across strongly silicified sandstones which represent 90% of the exposed outcrop. Mineralization consists of widespread oxidized uranium minerals as well as fine grained disseminated poylmetallic minerals. Results are as follows:

    
    -------------------------------------------------------------------------
    Epsilon-B      From     To  Length   U3O8 %   Ag g/t     Pb %     Au g/t
    Channel #
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    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.

    
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    Epsilon-B          U3O8 %          Ag g/t           Pb %          Au g/t
    Grab Samples
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    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 July 2009, the outcrop is approximately 25m long by 8m wide, with only the southernmost 10m showing mineralization which is associated with stacked shallow dipping fractures in laminated sandstones. The fractures are not well represented on the stripped outcrop. Vertical sampling (drilling) will give more representative results for this occurrence as fracture frequency increases in the vertical plane. Results are nonetheless highly anomalous for uranium and other metals.

    
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    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. Mr. Rougerie is a Qualified Person as defined by National Instrument 43-101.

    
    About ABITEX
    ------------
    

ABITEX is an exploration and development company based in Val d'Or, Quebec, which is currently focused on acquiring and advancing uranium properties in Quebec, including the Epsilon property in the Otish Mountains where two significant U-Au discoveries have been made by the Company in the last year. The Company has now completed 83 holes totaling 11,281 meters on the main lense of the "L" deposit on the Lavoie property and is in the process of completing an initial resource estimate and 43-101 report for this project.

The Company's public documents may be accessed at www.sedar.com

    
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    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

SOURCE ABE Resources Inc.

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

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