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Absolut cuts 59.5 meters @ 2.52 g/t Gold at Pico Machay

October 23, 2007

Absolut Resources Corp. (TSX-V: ABS) is pleased to announce that it has received results from the second set of 20 drill holes from the drill out program on the Pico Machay Gold Project in Peru.

 

Drilling has once again encountered significant mineralisation confirming the continuity of a high grade, near surface zone running down the centre of the deposit. Highlights of the drilling were holes ABS-213 intersecting 59.5m @ 2.52 g/t Au, including 13.5m @ 8.01 g/t Au; ABS-224 intersecting 80.5m @ 1.68 g/t Au, including 58m @ 2.18 g/t Au and ABS-223 intersecting 83.5m @ 1.33 g/t Au.

 

All holes intersected significant mineralisation.

 

Table 1. - Pico Machay Drill Hole Gold Grade Summary

Hole

 

From (m)

To (m)

Length (m)

Grade (g/t)

ABS-211

 

0.00

34.00

34.00

1.08

 

including

19.00

22.00

3.00

4.87

ABS-212

 

0.00

70.00

70.00

0.99

 

including

1.00

7.00

6.00

1.75

 

including

25.00

34.00

9.00

2.87

 

including

38.50

44.50

6.00

1.23

 

 

77.50

82.00

4.50

0.36

ABS-213

 

0.00

59.50

59.50

2.52

 

including

5.50

19.00

13.50

8.01

ABS-214

 

0.00

85.00

85.00

0.36

ABS-215

 

0.00

17.50

17.50

0.41

 

 

31.00

74.00

43.00

0.44

ABS-216

 

0.00

31.00

31.00

0.46

 

 

43.00

85.00

42.00

0.52

ABS-217

 

4.00

46.00

42.00

0.76

 

including

22.00

25.00

3.00

2.18

 

including

38.50

41.50

3.00

2.72

 

 

53.50

100.00

46.50

0.45

ABS-218

 

0.00

100.00

100.00

0.39

ABS-219

 

0.00

61.00

61.00

0.44

 

 

68.50

97.00

28.50

0.41

 

 

110.50

119.50

9.50

0.54

ABS-220

 

0.00

50.50

50.50

1.49

 

including

20.50

31.00

10.50

4.56

ABS-221

 

0.00

7.00

7.00

0.57

 

 

31.00

71.50

40.50

0.51

ABS-222

 

0.00

88.00

88.00

0.91

 

including

0.00

8.50

8.50

1.27

 

including

17.50

25.00

7.50

1.74

 

including

46.50

59.00

12.50

1.62

ABS-223

 

0.00

83.50

83.50

1.33

ABS-224

 

0.00

80.50

80.50

1.68

 

including

0.00

58.00

58.00

2.18

ABS-225