Consolidated Spire Ventures Ltd. (“the Company” or “Spire”) is pleased to report that the Field Program has begun on the North West Dome at the PV Gold Property. The Northwest Dome Zone is characterized by a large circular shaped low magnetic anomaly, with an approximate diameter of 800m. This magnetic low appears to be related to strong hydrothermal alteration similar to that observed in the Discovery Zones. Initial geological mapping during 2007 found this area to consist of a much denser quartz veinlet stockwork zone, with more iron oxides in veins and fractures, than that observed in the Discovery Zones. Its round magnetic shape may be indicative of a possible feeder zone. The Company is very encouraged with the 2009 exploration program underway in the NW Dome.
The access to the center portion of the Prospect Valley Property, via the new road, is being cleared of snow in preparation. The exploration program will include both the Northwest Dome Zone and the Discovery Zones. The planned first phase of exploration – concurrent with completing the trench sampling started in 2007 – would see a multi-drill-hole program for the NW Dome; other areas are the Ridgeline Target and the Crown Target. The exploration programs would include mechanical trenching, short-hole RC drilling and diamond drilling.
The Prospect Valley Gold Property hosts a low sulphidation epithermal gold system with quartz vein 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 trending linear zone that includes the Bonanza Zone, the Discovery South Zone, the Discovery North Zone, the NW Dome and NE Extension Zone.
Rock samples will be prepped and analyzed by an ISO 9001 certified and accredited facility. All work is being conducted following the procedures and standards outlined under NI 43-101. All sample batches sent to the lab will include standards, blanks and duplicate samples. 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 Consulting Geologist 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 potential 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.spireventures.com or www.agoracom.com/ir/Consolidatedspire
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.
