This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Consolidated Abaddon begins work at Raleigh Lake 2009-09-30 10:00 ET - News Release
Mr. James Pettit reports CONSOLIDATED ABADDON BEGINS EXPLORATION ON RALEIGH LAKE LITHIUM PROJECT
Consolidated Abaddon Resources Inc. has commenced a fall work program on its newly acquired 560-acre Raleigh Lake lithium claims located at the Kenora mining division in Northwestern Ontario. A crew has been mobilized to the Raleigh Lake lithium project. The initial exploration program will consist of compilation of previous data from a modest drill program that was completed in 1999, locating of drill collars in the field and the relogging of existing core. A detailed mapping program of abundant lithium bearing pegmatite outcrops located on the Raleigh Lake property and a tightly spaced detailed magnetometer program to better define the known geological structures will also be completed. Raleigh Lake lithium-bearing pegmatites have been known in the area since the 1960s. Ontario provincial government mapping in the 1990s identified a pegmatite field trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20 to 30 degrees) tantalum-lithium bearing dikes in several drill holes. Thicknesses ranged from one to eight metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions. Only four shallow holes were drilled on the Raleigh Lake property. Historic data available in the Ontario government geological files reflect certain intersections in the table. The remainder is available to Stockwatch subscribers.
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