CONSOLIDATED GOLD WIN VENTURES TO COMMENCE DRILLING AT DOLLY VARDEN AND VICTORIA COPPER MINE
Consolidated Gold Win Ventures Inc. has confirmed that its drill contractor is ready to mobilize to the Dolly Varden area in the next couple of weeks.
The 2008 exploration program on the company's interest in Nevada including the Victoria mine and the 2006/2007 copper discovery on the Dolly Varden Spring claims to the east is set to commence in earnest for an exciting summer drilling and geological mapping program.
The exploration on the Victoria mine is being done in conjunction with preparation of the company's regulatory-compliant 43-101 reports on the Victoria mine property (these reports have not been completed). In that respect, the company had geologists from Behre Dolbear Consultants attend the Anaconda Library at the University of Wyoming to review the mining records that Anaconda had gifted to the university when that company shut down in the late 1970s. The information in the library documented the actual mining results from the 1975 to 1978 open-pit and underground copper mining operation, and the classified historic "resource" that Anaconda used to operate and project continued operations on at that time.
The resource referred to is cited from previous operator Anaconda Mining Co. and Hecla Mining reports. The company has not completed the work necessary to independently verify the classification of the mineral resource estimates. The company is not treating the mineral resource estimates as National Instrument 43-101-defined resources verified by a qualified person. The historical estimates should not be relied upon. The properties will require considerable further evaluation which the company's management and consultants intend to carry out in due course.
The Dolly Varden area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas.
William Timmins, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release.
© 2008 Canjex Publishing Ltd
