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ABL

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Share Name Share Symbol Market Type
TSXV:ABL TSX Venture Common Stock
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Abington Resources Ltd.: Rock Sample Results in Line with Historic Data on Treasure King

25/10/2010 8:16pm

Marketwired Canada


Abington Resources Ltd. (TSX VENTURE:ABL)(PINK SHEETS:ABIZF) is pleased to
announce the results of the Orientation Survey rock sampling on our Treasure
King gold property 65 miles north of Phoenix, Arizona. Abington is attempting to
confirm and corroborate the existence of the mineralization and geochemical
anomalies generated by REDCO and Royal Gold that led to the permitting for an
open-pit heap leach operation in the late 1980's.


Previous lithogeochemical sample programs delineated the Main Shaft Target Area
and the South shaft Target Area (Nielson, 1990). Nielson indicates that the gold
mineralized samples are associated with quartz-veined iron formation in both
areas with some samples exceeding 1.0 ppm gold.


Abington's survey included the collection of sixty-one lithogeochemical samples
from Proterozoic metavolcanic rocks and cherts +/- white quartz veins throughout
Abington's 40-claim block. This preliminary study indicates that the Proterozoic
hydrothermal system(s) are gold-dominant with minor anomalous base metals. The
Treasure King pyritic chert with white quartz veining that hosts the gold
mineralization contains 1 to 2 ppm gold. The quartz-sericite altered
metarhyolites and quartz porphyry to the east of the chert contain anomalous
gold up to 168 ppb.


Locally, up to 50 feet of Quaternary gravels and Quaternary alluvium cover the
Proterozoic rocks. Most samples are from outcrops and were chip-channel sampled
over five foot lengths.


ASSAY RESULTS AND SELECT SAMPLE LOCATIONS

Samples were in the care of and shipped by our professional geologist to Skyline
Assayers and Laboratories of Tucson, Arizona, an accredited laboratory with the
recognized International Standard ISO/IEC 17025-2005. Gold was analyzed by Fire
Assay with an Atomic Absorption finish. Trace element geochemistry (49 elements)
was performed via Aqua Regia leach and analyzed by ICP/MS.


Of the sixty-one rock samples, twenty samples returned values greater than 10
ppb gold, including four samples over 1,000 ppb gold. The highest value obtained
was 2,196 ppb gold.


Sample E-800 (2,196 ppb gold) and Sample E-801 (1,016 ppb gold) were taken from
the North Shaft area. This was the initial target area of Royal Gold and REDCO.
It is approximately one mile north of the South Shaft area which was their
secondary area of interest.


Sample E-792 (1,504 ppb gold) was collected from a chert one-hundred meters west
of the sample collected by Royal Gold named the East Main Shaft Target. This is
located close to halfway between the North and South Shaft areas.


Sample E-784 (1,200 ppb gold) was collected from a chert near the western
boundary of the claim block approximately 1/4 of a mile WSW of sample E792. It
lies at the northern end of a zone of weakly anomalous copper and gold. This
mineralized horizon was previously unrecognized, although Royal Gold collected
three samples, including one with 248 ppb gold at the south end of its currently
known extension.


At the South Shaft area approximately 1/3 of a mile south of the East Main Shaft
Target, Sample E-753 (527 ppb gold) was collected from a chert and quartz-veined
outcrop exposed north of the shaft. This confirms the existence of
mineralization as indicated by Royal Gold. This chert horizon is about seven
hundred meters (0.43 miles) long and was sporadically sampled by Royal Gold
along its length.


The Main Shaft area indicated as a target by Royal Gold, contained 230 to 528
ppb gold in their three samples collected on the ridge top above and north of
the shaft. Their samples (less than 5 to 48 ppb gold) were collected in the
vicinity of the shaft-adit lower on the slope at the south end of the ridge.
Abington Samples E-794 and 797 through 799 ranged from 6 to 52 ppb, which is
approximately the same as Royal Gold's results lower on the slope.


The North Shaft, East Main Shaft area, the anomalous copper/gold zone, the South
Shaft, and Main Shaft areas (particularly the ridge top) are all potential
target areas and will be sampled in greater detail to determine if drill targets
exist along the mineralized trends.


This survey was headed by a professional geologist who, since 1980, has
continued field-based studies and used applied geochemical techniques exploring
for volcanogenic massive sulfide deposits in the Proterozoic rocks of central
Arizona - the general area of the Treasure King. The above mentioned historical
Royal Gold assays were referenced from an October, 1991 geochemical summary map
generated by Royal Gold, Inc.


Additional Orientation Survey results will be issued shortly.

Abington announces it has dropped its claims in Ontario, Canada after being
unable to secure a suitable package of nearby properties for potential joint
venture. No work was performed on these claims.


The technical portion of this release has been reviewed by Qualified Person
Laurence Sookochoff, P.Eng.


ABINGTON RESOURCES LTD. is engaged in the acquisition, exploration, development
and production of precious metals and natural resources. The Company has no debt
(other than short-term payables) and derives an income from oil wells in Western
Canada.


ON BEHALF OF THE BOARD

Walter Brenner, Director, President & Chief Executive Officer

The forgoing is for informational purposes only, and is not to be construed as
an offer to buy or sell securities in any jurisdiction. It may contain
forward-looking statements. While the data compiled by management is from
sources deemed to be reliable, actual future results may vary materially.
Abington Resources Ltd. does not assume the obligation to update any
forward-looking statement and will not be responsible for any loss arising from
the use of this information. Historically reported results are from professional
consultants working for Royal Gold, REDCO and Conoco and may not be NI 43-101
compliant. Caution should be used in relying on such information. Abington is
currently working to duplicate their results. We seek safe harbor.


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