Abitibi Mining Corp Significantly Expands Gold Project in West Timmins District
15 Décembre 2009 - 2:30PM
Marketwired
ABITIBI MINING CORP. (TSX VENTURE: ABB) (the "Company") is pleased
to announce, subject to regulatory approval, the acquisition of a
100% interest in an extension to the Armstrong Lake property.
"With the expansion of the Armstrong Lake gold property, the
Company is able to move forward with its gold exploration plans.
The Armstrong Lake project is along the same fault zone that
intersects Amador Gold Corp.'s Horwood project, which recently
announced the discovery of numerous high-grade gold zones on
surface, a number of which are currently being drilled," comments
Company President, Richard Hughes. "The fault zone, known as the
Hardiman Bay Fault, is a splay off the Destor Porcupine Fault Zone
which is believed to be a major controlling factor of gold
mineralization within the Timmins camp."
To view a map of the Armstrong Lake Extension and other Company
properties located in the West Timmins camp please click on the
following link:
http://media3.marketwire.com/docs/tw_map_1215.pdf
The Armstrong Lake Extension property consists of eight claims
(105 units) located in the Penhorwood Township of Porcupine Mining
Division. The property is accessible by road and is located
approximately 65 km southwest of Timmins. Consideration for the
property consists of $10,500 and 200,000 shares. There is a 3% NSR,
1% of which may be purchased for $1,000,000.
The Company also announces that it has assessed the merits of
the Monmouth Uranium property and has determined not to proceed
further with it at this time.
About the Company
Abitibi Mining is a member of the Hughes Exploration Group of
Companies and is led by a team with a stellar track record of
discovery and development in Canada.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties.
Actual events or results could differ materially from the
Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Abitibi Mining Corp. Kevin Hull or Alan Campbell
Investor Relations (604) 685-2222 info@abitibi-mining.com
www.abitibi-mining.com
Abitibi Mining Corp. (TSXV:ABB)
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