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[JonnyR512]

I think this is a very undervalued Timmins gold play. ABB recently acquired a property next to AGX, and both plays are promoted by the Hughes exploration group. Of all the Huges plays, AGX,KLA,ZN ect, ABB is one of the last to move. Hughes has also picked up some shares recently

I think once the PP at 5 cents is closed and drilling starts, this should move nicely.
As well, ABB has less than half the O/S AGX does, so it could move much higher IMO.

Abitibi Mining Corp
Symbol ABB
Shares Issued 71,678,149
Close 2009-12-14 C$ 0.04
Recent Sedar Documents



Abitibi buys Armstrong Lake extension


2009-12-15 08:25 MT - News Release

Mr. Kevin Hull report

ABITIBI MINING CORP SIGNIFICANTLY EXPANDS GOLD PROJECT IN WEST TIMMINS DISTRICT

Abitibi Mining Corp., subject to regulatory approval, has acquired a 100-per-cent 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."

A map of the Armstrong Lake extension and other company properties located in the West Timmins camp is available on-line.

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 kilometres southwest of Timmins. Consideration for the property consists of $10,500 and 200,000 shares. There is a 3-per-cent net smelter return royalty, 1 per cent of which may be purchased for $1-million.

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.

We seek Safe Harbor.