Vancouver, B.C., January 22, 2009 - Consolidated Spire Ventures Ltd. (TSX-V: CZS) (the “Company” or “Spire”) Vancouver, BC, Canada - is pleased to provide an update on the Company. Despite the challenges of the current market conditions Spire is looking forward to a year of further exploration on its Prospect Valley, Merritt, BC, Canada property and its Yago, Nayarit, Mexico property.
The Company is encouraged by the previous years of diamond drilling results, trenching results, geological mapping and prospecting carried out on the Prospect Valley Property. With the completion of the access road to the Discovery Zones in late 2008, the Company anticipates an exploration program beginning in the early spring of 2009 depending on weather, financings and market conditions. The exploration program would cover the Discovery Zones, extensions of the North Discovery Zones – Northwest Dome Zone, Northeast Extension, and Northeast Trend Target Zone. Other areas are the Ridgeline Target, and the Crown Target. The exploration program would include diamond drilling on these areas with specific priority given to a definition drilling program to outline a possible NI 43-101 compliant inferred gold/silver resource on the Discovery Zones. The other targets have good possibilities of increasing the overall gold/silver mineralization potential on the Prospect Valley Property.
The Company believes the Prospect Valley project is close to a stage where a significant joint venture would be possible. The purpose of any joint venture would be to advance the exploration programs to assist in outlining gold/silver resources and prepare a 43-101 compliant resource report.
The 107.9 sq km, 100%-owned Prospect Valley Property is located approximately 3 hours driving time form Vancouver and is within the Spences Bridge Gold Belt. It is a potential bulk mineable-low grade type gold quartz stockwork target, with quartz vein stockwork type mineralization. The property is road-accessible and in close proximity to good infrastructure from Merritt, BC.
Investors are invited to visit the Consolidated Spire Ventures Ltd. Website at www.spireventures.com or the Investor Hub at www.agoracom.com/ir/Consolidatedspire where they can post questions and receive answers. Alternatively, investors are able to e-mail all questions and correspondence to CZS@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
If you are not currently on the CZS updates list, please send in your email address to info@spireventures.com or call 604-662-7455 with the best method to keep you informed. We will send out regular updates and news releases to everyone who asks to be on the list.
FOR INFORMATION OR INVESTOR RELATIONS
CONTACT THE COMPANY AT (604) 662-7455
or www.agoracom.com/ir/Consolidatedspire
WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
Brian Buchanan, President and Director
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
