PRESS RELEASE
ABITEX ASSAYS 2.15% U3O8 AND 17.25 G/T GOLD ON
NEW DISCOVERY IN OTISH MOUNTAINS, QUEBEC
Val d’Or, Quebec, Canada, April 14, 2009 – Abitex Resources Inc. (TSX-V: ABE) (the
“Company”) is very pleased to announce a significant new Uranium-Gold discovery on its
100% owned Epsilon property in the Otish Mountains region of Quebec. The new surface
outcrop discovery is located approximately 15 km West of Abitex’s Lavoie property under
option from AREVA Resources Canada (“ARC”) and SOQUEM Inc. where the Company
has an all-weather camp and is engaged in a definition drilling program on the historic “L”
deposit which hosts an historic resource of 5.9M lbs U3O8 * (Abitex Press Release of March
26, 2009). Abitex believes the new Epsilon discovery is very significant in that it occurs in
the same setting as the “L” deposit and could potentially lead to a similar important U-Au
deposit discovery.
Two grab samples were taken from the Epsilon discovery outcrop. The samples returned
grades of 2.15% U3O8 and 17.25 g/t Au as well as 1.04% U3O8 and 8.69 g/t Au. The
samples were taken from a mineralized sandstone unit located at the same stratigraphic level
as the “L” deposit and in proximity to a large gabbro dyke. Observed mineralization at the
new discovery is also similar to the “L”, consisting of disseminated radioactive and
poylmetallic minerals. Assays returned elevated values for lead (2.3%-0.9%) and silver (122
g/t-35.9 g/t), as well as anomalous bismuth and selenium, typical of “L” deposit
mineralization.
After acquiring the Epsilon property in August 2008, Abitex contracted Groupe Omégalpha
Inc. of Joliette, Quebec to complete a close spaced helicopter-borne spectrometric survey
over the entire property. Follow-up ground prospecting led to the discovery of a strongly
radioactive hidden outcrop zone on the slope of a steep, overburden covered and heavily
vegetated hill. Scintillometer (SPP2) readings readily exceeded 15,000 cps in at least four
locations over the 12 meter length and 1.2 meter height of the vertical face of the outcrop
which consists of laminated sandstones of the Peribonka Formation. The presence of “L”
type mineralization at the same stratigraphic level and in close proximity to a large gabbro
intrusive suggests a geological setting very similar to that of the “L” deposit.
1019, boul. des Pins
Val-d’Or (Québec)
J9P 4T2
Tél. : 819-874-6200
Télec. : 819-874-6202
Mr Serge Genest, Ph.D., President of Groupe Omégalpha Inc. participated in the prospecting
campaign along with Abitex President & CEO Yves Rougerie. Mr Genest completed his
Doctoral Thesis on the geological history of the Otish Basin at the University of Montreal in
1989 and worked with AREVA predecessor SÉRU Nucléaire Canada Ltée (“SNCL”) in the
Otish over several years. He also led AREVA’s exploration arm in Quebec, Uranor Inc. from
1999 to 2008 and is credited with the discovery of the CAGE uranium occurrence in
Quebec’s Ungava region. Mr Rougerie, P.Geo., completed several field campaigns in the
Otish with SNCL/AREVA during the same period. Both have extensive experience and
expertise in Otish Basin geology and uranium exploration. Both worked on the discovery
and delineation phases of the “L” project. Both agree that the new discovery on the Epsilon
project is likely the most significant radioactive mineralized zone ever discovered in
outcropping sandstones in the Otish Basin.
Abitex is planning a significant follow-up exploration program for the Epsilon discovery
zone in 2009. Prospecting, stripping and trenching, mapping, geophysics and sampling of the
discovery zone are planned this summer followed by initial drilling if warranted this fall.
The Epsilon property consists of 102 claim cells covering approximately 5,352 hectares. The
large property contains several historic uranium occurrences which were discovered and
explored in the early 1980’s by SNCL, including the lateral extensions of the “S” showing,
the original vein-type uranium-gold occurrence discovered in this area of the Otish region
and the A-29 zone located in the southern part of the property. Over twenty drill holes were
completed by SNCL on the property in the 1980’s, mostly stratigraphic holes which
confirmed the numerous similarities of the geological setting between the Epsilon and “L”
properties. The property lies outside any proposed parkland.
* : The historic resource estimate was completed in 1983 by SÉRU Nucléaire Canada Ltée
(“SNCL”) and is taken from a report titled “Projets Monts Otish: Évaluation 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 upon.
About ABITEX
ABITEX is an exploration and development company based in Val d’Or, Quebec, which is
currently focused on the definition drilling of the “L” deposit in Quebec’s Otish Mountains
region. Abitex also has a 100% interest in the Epsilon property located 10 km west of the
Lavoie property where a new high grade U-Au outcrop discovery similar to the “L” was
made by the Company. Abitex further has options to acquire majority interests in three
regional scale uranium exploration properties in northern Quebec totaling almost 2,300 km2
from Azimut Exploration. Abitex also has gold 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.
CONTACT INFORMATION:
Yves J. Rougerie, President & CEO
Tel: (819) 874-6200 – Fax : (819) 874-6202
info@abitex.ca
The Company’s public documents may be accessed at www.sedar.com.
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The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release.