Vancouver, BC – December 10, 2009 - Consolidated Spire Ventures Ltd ("Spire") (TSX.V: CZS) is pleased to announce that the Altair Ventures Incorporated (“Altair") Prospect Valley exploration team (by re-evaluating past information on soil samples, trench results, drill logs, IP and MAG information) has uncovered 8 areas that they consider ‘hot spots’ and are in the process of uncovering and defining these areas in preparation of a proposed drill program.
Due to extreme snow conditions for this time of the year, the 6-man crew has switched from ATV's to snow machines for travel on the Prospect Valley lower road, and it’s actually faster to reach the North and South Discovery Zones than by truck or ATV. The weather has not hampered the efforts of completing the planned soil & pit program. The snow machines are pulling sleds that carry the supplies & equipment in each day, and then transport the soil & rock samples out at the end of the day.
The primary objective for the current ground work program (late fall/winter 2009) is to prioritize drill targets, both within the Discovery Zones and for gold showings in numerous other ‘hot spot’ areas of the property, such as the Ridgeline Target, the NW Dome, the Northeast Extension, the Southeast Trend Target and the Crown Target. This current phase will include short trenching, soil & rock sampling and a re-evaluation of drill targets.
The next phase in the 2010 field exploration program is to include diamond drilling in the Discovery Zones and to test other targets identified by the current program.
Altair has an option to earn up to a 90% interest in the 107.9 sq km, Prospect Valley Gold Property, located within the Spences Bridge Gold Belt in southern British Columbia, approximately 3 hours driving time from Vancouver. The property is road-accessible and in close proximity to good infrastructure from Merritt, BC.
Contact Information
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 investor@spirveventures.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 VISIT THE WEBSITE AT www.spireventures.com
ON BEHALF OF THE BOARD
Brian Buchanan
President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
