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Message: Positive Gold Recovery Results From Cyanide Leach Analysis at Prospect Valley

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Positive Gold Recovery Results From Cyanide Leach Analysis at Prospect Valley

posted on Apr 30, 09 04:29AM


Vancouver, B.C., April 30, 2009 - Consolidated Spire Ventures Ltd. <TSX-V: CZS)(“the Company” or “Spire”) is pleased to report that trial cyanide leach assay results from 30 gold-mineralized samples from core reject material have been completed. The purpose of this work was to determine the recoverability of gold from sulphide and mixed sulphide-oxide mineralization using cyanide leach, as compared to gold results obtained from standard fire assay AA finish results. This analysis is not to be confused with standard heap leach metallurgical tests. Kinross Gold Corp participated in the sample collection process as per the March 12, 2009 Spire news release.

The results show that of the 30 mineralized samples, the majority of which contain variable amounts of pyrite, 17 samples returned gold recoveries above 72%. Of these, 9 samples gave gold recoveries above 90%, 5 samples between 80% to 90% recovery, and 3 samples returned 72% to 80% gold recovery. The remaining 13 samples gave gold recoveries below 72%. See attached recovery graph.

The samples were submitted to Florin Analytical Services, LLC of Reno, Nevada. This is a certified and accredited lab facility, which is part of the Kappes, Cassiday and Associates group of metallurgical services companies.

The positive gold recoveries from this analytical work are significant as it shows that most gold recoveries are within industry requirements for this type of mineralization. These trial test results make the PV Property more attractive as a potential large-tonnage, low-grade target. The next step will be to take a representative bulk sample to complete column cyanide metallurgical tests.

The Company is encouraged by these trial cyanide leach analytical results and from previous years of diamond drilling and 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 May 2009. The first phase of the planned exploration program will focus on the NW Dome Zone, concurrent with completion of 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.

The Prospect Valley Gold Property hosts a low-sulphidation, epithermal gold system with quartz stockwork-type mineralization located near Merritt, BC, Canada. To date, over 13 target areas have been identified in the claim block. The majority of the targets are located in the centre of the claim block along a prominent north-northeast striking fault zone that includes the Bonanza Zone, the Discovery South Zone and the Discovery North Zone.

A quality assurance and quality control (QA/QC) program is in place. The Qualified Person for this news release is Mr. Victor Jaramillo, P.Geo. and Geological Consultant for Consolidated Spire Ventures Ltd.

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.



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