Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

January 11, 2007 03:05 ET

Consolidated Gold Win Ventures Inc.: Discovery-First Hole Ever Drilled at Dolly Varden Reveals Significant Width and Grade of 0.66% Copper Over 75 Feet

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) reports that it has received assay results from the Dolly Varden Claims, in Elko County, Nevada, from the first drill hole completed in December. This is the first hole ever to be drilled on the +3000 foot IP anomaly and is basically a "blind" discovery hole.

The ALS Chemex laboratories in Elko, Nevada processed the samples.

The main zone is shown in the table below:

Au(ppm) Ag(ppm) Cu(ppm) Mo Pb
From To Length (oz/t) (oz/t) (%) Zn
Total Zone Trace
(Feet) 441.0 516.0 75.0 - 8.20 6643 amounts
(Metres) 134.5 157.3 22.9 (0.24oz/t) 0.66%
(Feet) 444.0 464.0 20.0 0.03 13.89 15504
(Metres) 135.4 141.5 6.1 (0.001) (0.41oz/t) 1.55%
(Feet) 444.0 450.5 6.5 0.05 17.90 31223.
(Metres) 135.4 137.3 2.0 0.001 (0.52oz/t) 3.12%
(Feet) 457.0 462.0 5.0 0.03 28.66 17280
(Metres) 139.3 140.9 1.5 0.001 (0.84oz/t) 1.73%

zone 506 516 10.0 0.00 30.18 15068
154.3 157.3 3.0 0.000 (0.89oz/t) 1.51%

(Feet) 544 550 6.0 - 36.1 -
(Metres) 165.9 167.7 1.8 - (1.06oz/t) -

This first drill hole on the property has confirmed that the geophysical anomaly that extends from this northern part of the property to the south is associated with multiple zones of economic type grades of copper and silver over substantial widths.

The Quadra Robinson Mine, 85 miles to the south (in a similar geologic setting and with a mining grade of 0.68% copper) has reported zoning of mineralization is prominent. To that extent, even though this drill hole has intersected copper and silver values, similar to that found in surface samples, the assay values for gold and molybdenum found on surface have not yet been seen. This suggests the ongoing drill program of the more intense chargeabilities to the south will further the exploration evaluation and development of the property's potential.

Also of interest, is the 228 foot length upper section of the drill hole (197 to 425 feet) which shows intermittent low grade mineralization (assayed but not reported) outside the main zone and the adjacent areas to the main zone (437 to 441 feet and 516 to 550 feet that includes the "Deep Silver zone reported in the table) that requires further investigation.

William Timmins, Geologist, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.

Listen to Laurence Stephenson, P.Eng. discuss this and other CGW properties by following link below.

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.

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Contact Information

  • Consolidated Gold Win Ventures Inc.
    Shareholder Relations
    (778) 994-6453
    Consolidated Gold Win Ventures Inc.
    Abby Farrage
    (604) 671-4718
    Consolidated Gold Win Ventures Inc.
    Souhail 'Abby' Abi-Farrage
    President and Director
    (604) 671-4718