Cons Gold Win completes restructuring, plans drilling
Consolidated Gold Win Ventures Inc (2) (C:GWV)
Shares Issued 12,638,849
Last Close 4/15/2008 $0.245
Tuesday April 15 2008 - News Release
Mr. Michael Mulberry reports
COMPANY COMPLETES RESTRUCTURING AND PREPARES FOR 2008 EXPLORATION SEASON
Consolidated Gold Win Ventures Inc. has completed its restructuring and is now trading under the new symbol GWV on the TSX Venture Exchange and CGWJF on the pink sheets.
The company is planning to initiate its drilling program on the Victoria mine and the Dolly Varden area claims in early May as it builds on the information from its analysis of last year's exploration and the information it has received from its research on Anaconda's Victoria mine files.
This year's work on the Victoria mine is geared to developing the mineralization below the Anaconda-reported levels and to follow up on the targets identified but never tested, by both Anaconda and Hecla when they held the property.
The work on the Dolly Varden area will focus on the significance of the discovered mineralization, including zones of massive pyrite associated with the 75-foot intersection grading 0.66 per cent copper and 0.24 ounce per ton silver that have a similar association at the Victoria mine and the adjacent showings.
The continuation of exploration in this area, the first since the early 1980s at the close of mining of the nearby Victoria mine, will be done in conjunction with the company completing regulatory-compliant National Instrument 43-101 reports on the Victoria mine property.
The Dolly Varden area is recognized as a classic eastern great basin district with base and precious metals associated with upper Palaeozoic sediments intruded by Cretaceous auriferous magmas.
William Timmins, PEng, a qualified person under National Instrument 43-101, was on site to inspect the taking of these samples and has approved the contents of this news release.
© 2008 Canjex Publishing Ltd.