Altair Completes Geochemical Sampling at Prospect Valley Property and Plans Drill Program
Consolidated Spire Ventures Ltd. ("Spire") (TSX.V: CZS) and Altair Ventures Incorporated (“Altair") (TSX-V: AVX) are pleased to announce that the winter soil sampling program has been completed on the South Discovery Zone of the Prospect Valley Property and the results are being used in conjunction with previous field data to plan the upcoming diamond drill program.
The objective of this infill soil sampling program was to better define the gold geochemistry of the South Discovery Zone.Results were very encouraging with individual values up to 1.2 g/t Au within a gold-in-soil anomaly up to 400m wide and spanning a northeast-southwest strike length of approximately 700m.The South Discovery Zone is part of a gold-in-soil anomaly extending nearly 2km in total strike length.
No significant work has been carried out on the property since 2007, when an extensive gold system was identified in the North and South Discovery Zones.Diamond drilling during 2006 and 2007 in a small portion of the South Discovery Zone anomaly yielded some of the widest intervals of gold mineralization on the property, including 66.8m of 0.90g/t gold in DDH 2007-02 and 45.6m of 0.94g/t gold in DDH 2007-03.
The soil geochemistry has now been interpreted in conjunction with the results of an Induced Polarization (IP) survey, and the limited diamond drilling conducted in the same area, in order to prioritize new drill targets.Previous drilling demonstrated that the soil geochemistry reflected near surface gold mineralization in bedrock while the IP survey reflected disseminated pyrite associated with gold mineralization.As such, the new diamond drill program will focus on the South Discovery Zone where high gold-in-soil geochemistry coincides with strong chargeability anomalies.
Altair and Spire have commissioned a Phase I diamond drill program to begin in early March at the South Discovery Zone and field preparations are underway.Further information on the drilling will be provided in the near future.
Brian Buchanan, president of Consolidated Spire Ventures Ltd. stated:"We are very pleased that the additional soil geochemistry was completed during the winter months and that the anticipated Phase 1 diamond drill program will be starting several months ahead of schedule.We look forward to the next phase of drilling and we are optimistic this next phase will expand and validate what has been achieved so far."
The project contains several bulk tonnage gold targets and is only 30km south of the world class Highland Valley Copper Mine.In this complex geological environment, the property has the potential to host a significant gold mineralizing system and is viewed as a low grade, bulk mineable epithermal gold target.
Samples from the recent program were analyzed by an ISO 9001 certified and accredited facility.A quality assurance and quality control (QA/QC) program is in place.The Qualified Person for this news release is Mr. Warner Gruenwald, P.Geo. and VP Exploration for Altair Ventures Inc.
Altair has an option to earn up to a 90% interest in the 107.9 sq km Prospect Valley Property, situated within the Spences Bridge Gold Belt, approximately 3 hours driving time from Vancouver and one hour west of 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.
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