Abitex reports new high grade U-Au discovery in Otish Mountains with initial assays up to 3.54% U3O8 and 46.85 g/t gold

    VAL-D'OR, QC, Sept. 10 /CNW Telbec/ - Yves Rougerie, President and CEO of
Abitex Resources Inc. (TSX-V: ABE) (the "Company") is very pleased to announce
the discovery of a new high grade Uranium-Gold occurrence on the Company's
100% owned Epsilon property in the Otish Mountains region of Quebec. The new
discovery named Epsilon-B is located 750 meters southwest of the Epsilon-A
occurrence discovered in 2008 where two samples assayed 2.15% U3O8 and 27.7
g/t Au as well as 1.04% U3O8 and 8.7 g/t Au (Abitex Press Release of April 14,
    The technical success of making two high grade discoveries in less than a
year is a reflection of the highly qualified exploration team we have mandated
to explore the Epsilon property as well as our ability to recognize and
acquire areas which exhibit signs for these types of discoveries. With two
high grade discoveries in less than a year in the same area, the Company
believes it has identified a new area of high potential uranium-gold
mineralization in the Otish Basin. Abitex has a large ground position
surrounding the discoveries and is the clear leader in the central Otish area
with the Epsilon and Lavoie projects as well as the only all-weather camp
within 50+ km.
    The Epsilon-B occurrence was discovered through follow-up ground
prospecting of radiometric anomalies defined during a detailed airborne survey
in 2009. On the ground, an area of highly elevated radioactivity was
identified extending for more than 100 meters in shallow overburden. By late
August, a strongly radioactive outcrop area of approximately 70 square meters
(700 sq ft) was exposed from which four grab samples were extracted using a
rock saw. The samples from the new discovery outcrop represent areas of
highest and lowest radioactivity and returned the following results:

    Sample no.              U3O8 %        Au g/t          Pb %        Ag g/t
    B-01                      3.36          2.20          2.81           159
    B-02(*)                   3.54         46.85          1.20          89.8
    B-03(*)                   0.33          6.94          0.27            41
    B-04                      0.17          0.15          3.25           208
    (*): average of two assays
    Assays completed at SRC Geoanalytical Laboratories, Saskatoon
    U-Pb-Ag assayed by ICP1 total digestion; Au assayed by fire assay
    U3O8 % = (U ppm(*)1.1792)/1000

    The Company is very encouraged by these results which present very high
Uranium and Gold grades but also show the widespread nature of the
poylmetallic suite of mineralization at the outcrop level. The high uranium
oxide grades of 3.54% and 3.36% are amongst the highest ever found in outcrop
in the Otish, and the high gold assay of 46.85 g/t is possibly the highest
gold grade ever encountered in the Otish. A mechanical shovel has now been
mobilized to the site in order to expose the bedrock under deeper overburden
where the highly anomalous radioactivity persists for over 100 meters and
possibly further. Exposed outcrops will be sampled later this month with
results likely due in early November. The Company will advance exploration of
this new occurrence this fall in order to propose priority drill targets as
soon as feasible. Exploration of the 750 meter long, overburden covered area
between the Epsilon-A and Epsilon-B occurrences is also planned as their many
similarities suggest the two occurrences may represent lateral equivalents of
the same mineralizing system.
    The Epsilon property lies approximately 15 km West of the Company's
Lavoie property under option from AREVA Resources Canada ("ARC") and SOQUEM
Inc. where Abitex is engaged in a definition drilling program on the "L"
deposit which hosts an historic resource of 5.9M lbs U3O8(*) (Abitex Press
Release of March 26, 2009). The "L" deposit has a strike length of over one
    The new Epsilon-B occurrence has many similarities with both the
Epsilon-A occurrence and the "L" deposit. The mineralization is
sandstone-hosted, disseminated and fracture controlled, poylmetallic, occurs
at the interpreted same stratigraphic level and within short distance of
gabbro intrusive rock. The poylmetallic uranium and gold rich mineralization
is also typical of the "L" deposit-type. As with Epsilon-A last year, Abitex
believes the new Epsilon-B discovery could potentially lead to a major
discovery similar to the "L" deposit where the high U-Au grades encountered
greatly enhance the potential to feasibly develop uranium deposits in this
    During the past summer, the Epsilon-A occurrence was stripped, mapped and
channel sampled and assay results are expected in late October. On the Lavoie
property, the ongoing definition drilling program is nearing completion and
results should be available in late October.
    Abitex has mandated Groupe Omégalpha Inc. of Joliette, Québec to manage
the Epsilon property exploration program. Abitex is very pleased with the
results to date and the involvement of the Groupe Omégalpha which is led by
Serge Genest, PhD. Mr. Genest managed AREVA's Quebec exploration activities
from 1999 to 2008 and previously completed his PhD on the stratigraphy and
sedimentology of the Otish Basin.
    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 Lavoie and Epsilon properties in the Otish
Mountains as well as three regional scale uranium exploration properties in
northern Quebec. Abitex also has several gold and base metal exploration
assets, including the Jolin project near Val-d'Or, Quebec which hosts a
significant historical gold resource.

    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.

    (*) : The "L" deposit historic resource estimate was completed in 1983 by
    SERU Nucléaire Canada Ltée ("SNCL") and is taken from a report titled
    "Projets Monts Otish: Evaluation des réserves de la partie orientale de
    la zone 'L'" submitted to the Quebec Ministry of Natural Resources for
    work assessment purposes (GM 57680). At that time, SNCL completed a
    resource estimate which suggested the "L" deposit could contain 385,000
    tons grading 0.7% U3O8 for 5.9M lbs U3O8. A qualified person has not
    done sufficient work to classify the historical resource as current
    mineral resources and Abitex is not treating the historical estimate as
    current mineral resources. The historical estimate should not be relied

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

    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 J. Rougerie, President & 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