Vancouver, B.C., April 20 2009 - Consolidated Spire Ventures Ltd. ("the Company" or "Spire" TSX.V - CZS) is pleased give a corporate update on the Prospect Valley ("PV") Gold Property in southern British Columbia, Canada. The completion of the 5.5km road to the North and South Discovery Zones now provides quick and cost effective access to this year's targets for exploration work, which includes geological mapping, trenching and diamond drilling on the NW Dome, the NE Extension, NE Trend and Discovery Zones.
The access to the center portion of the Prospect Valley Property via the new road should be clear of snow by early May. The first phase of the planned exploration program will focus on the NW Dome Zone concurrent with completing the trench sampling started in 2008. The NW Dome will then see a multi drill hole program. The second phase of planned exploration is a 22-hole program of approximately 3,700m of infill diamond drilling in the Discovery Zones in order to define NI43-101 compliant mineral resources. This planned exploration is subject to financing and market conditions.
Presently, the heap leach metallurgical tests to determine the recoverability of gold are being completed on representative mineralized samples from drill core and laboratory-reject material. The final results and corresponding interpretation will be released once finalized.
Mexico property update: Consolidated Spire Ventures Ltd. has informed Almaden Minerals Ltd. that it has terminated its option to explore Almaden's 100%-owned Yago gold-silver project. The property is located in Nayarit State, Mexico. Spire will be focusing its efforts on the 100%-owned PV Gold Property in BC, Canada. Almaden retains a 2% NSR in the PV project.
The 107.9 sq km, 100%-owned Prospect Valley Property is located approximately 3 hours driving time from Vancouver and is within the Spences Bridge Gold Belt. It is a low grade, bulk mineable type gold target. 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 CONSOLIDATED SPIRE VENTURES LTD.
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, market conditions, availability of financing, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and oversight, 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.
