Consolidated Spire Ventures Ltd.
TSX VENTURE : CZS

Consolidated Spire Ventures Ltd.

March 25, 2010 03:01 ET

Consolidated Spire Ventures Ltd.: Diamond Drill Program Begins at Prospect Valley Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - Consolidated Spire Ventures Ltd. ("Spire") (TSX VENTURE:CZS) is pleased to announce that the Project Operator has begun the diamond drill program on the South Discovery Zone of the Prospect Valley Gold Property in Merritt, BC. 

The 2010 Phase I drill program will consist of approximately 1,500m in 12 - 14 holes designed to test the continuity of gold mineralization intersected in the South Discovery Zone in 2006 and 2007. Those programs included drill intercepts such as 50.6m of 1.36g/t gold in DDH 2006-21, 66.8m of 0.90g/t gold in DDH 2007-02 and 96.5m of 0.74g/t gold in DDH 2007-05. The diamond drill program will include fill-in holes, at a spacing of approximately 50m, drilled along a strike length of 500m where soil geochemistry and Induced Polarization (IP) chargeability anomalies appear to correlate well with gold mineralization in bedrock. 

A new area in the South Discovery Zone will be tested, following up on results of the November and December 2009 infill soil grid. The recent soil sampling over this zone returned assays of up to 1.2g/t gold. The area has a strong geochemical/geophysical anomaly that is separate from, but parallel to, the main trend. A map showing the proposed South Discovery Zone drill targets can be found on the Company website at http://www.spireventures.com/docs/uploads/File/maps/Phase1ProposedDrilling.pdf.

Recent warm weather is providing an excellent source of water from melting snow and all drill sites are road accessible. The drilling has been contracted to SCS Diamond Drilling of Kamloops, BC.

The South Discovery Zone is part of a geochemical and geophysical anomaly extending nearly 2km in total strike length and up to 400m wide. Should the new drill program indicate sufficient continuity of grade, the results will be used to estimate an initial NI 43-101 compliant resource for the South Discovery Zone.

Brian Buchanan, president of Spire stated "We are very pleased that the anticipated Phase 1 diamond drill program has commenced, and that it's starting several months ahead of schedule. This is the most important project in regards to CZS's growth, and the fact that we are 100% carried on this prospect is the key. In order to earn its interest, our partner must spend $6 million on the Prospect Valley Gold Project, which provides CZS tremendous upside potential without having to spend on exploration. Management is very optimistic about what the exploration and drilling programs will provide."

The Prospect Valley Gold 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. Altair Ventures Inc. is the Project Operator.

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.

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 PRESS RELEASE

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