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TSXV:ABL | TSX Venture | Common Stock |
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The Treasure King has had extensive exploration done in the past by such companies as Homestake, REDCO and Royal Gold, mostly in the north shaft zone. It was permitted for an open-pit heap leach operation in the late 1980's, but low gold prices at the time halted production plans.
Abington's initial phase includes a layered computerized map compilation of data to be generated from all sources including government maps, unpublished company maps, and our geologist's personal files. This will include geology, geochemistry (soil geochemical lines, lithogeochemistry, and historical drill data), geophysics and historic drill hole locations.
Lithogeochemical sampling of the claim block including the altered rhyolite protoliths, chert units, dump and select samples will be carried out. Additionally, our sampling of lines over existing (Royal Gold) soil lines on mineralized horizons will be analyzed with three different techniques. They are the standard multi-element package, MMI multi-element package and the Enzyme Leach multi-element package. These techniques are necessary to determine the usefulness of each technique and to determine the most cost-effective exploration plan to use in future detailed studies to determine potential drill targets.
Abington is attempting to confirm and corroborate the existence of the mineralization and geochemical anomalies generated by REDCO, Royal Gold, et al, that led to the permitting for an open-pit heap leach operation.
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 may not be NI 43-101 compliant and as such may not be relied upon. We seek safe harbour."
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.
Contacts: Abington Resources Ltd. Barry Underhill 604-683-6657 info@abingtonresources.com www.abingtonresources.com
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