January 15, 2007 09:01 ET

Maestro Announces 204,000 Oz. Historic Gold Resource and 2007 Exploration Program at Kings Canyon, Utah

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 15, 2007) - Maestro Ventures Ltd. (TSX VENTURE:MAP) is pleased to announce its 2007 gold exploration program on the Kings Canyon project in western Utah, developed under the supervision of John Zimmerman of Genesis Gold Corp. of Salt Lake City, Utah.

Maestro holds separate option agreements on adjoining properties in the Kings Canyon area: the first agreement, between Maestro and Palladon Ventures Ltd., enables Maestro to earn a 75% interest on 2,160 acres, which property adjoins a 1,525 acre property held by Crown Resources Corp. of Colorado. Maestro holds an option to earn a 100% interest on the Crown property, which is estimated to contain a 204,000 oz. historic gold resource.

Historic work on the Crown property from 1990 to 1993 comprised of 81,640 feet (24,890 meters) of drilling on the Kings Canyon area. Maestro estimates that the Crown property contains an inferred historical resource of 6,800,000 tons at a grade of 0.03 oz/ton gold (204,000 ounces), using a cutoff of 0.013 oz/ton. Geophysical surveys, including magnetometer, VLF and Controlled Source Audio-Frequency Magneto-Telluric (CSAMT) were conducted, totaling approximately 131,600 linear feet (40 line kilometers) of survey work. Maestro has not reviewed or verified this historic resource estimate and is not treating it as a NI 43-101 defined resource verified by a Qualified Person ("QP"). The historical estimate should not be relied upon.

Maestro plans to begin retesting and verifying the historic drilling data on the Crown property in February 2007. Maestro is planning an initial 2,000-foot drill program consisting of six core holes on the Crown property to verify grades and establish geologic controls and sampling protocols. This will be followed by 4,000 to 8,000 feet of drilling on both the Crown and Palladon properties in May, 2007. This work is expected to result in a NI 43-101 compliant technical report and resource estimate. Maestro believes that features at Kings Canyon are consistent with a sediment-hosted Carlin-type gold mineralization model.

The technical content of this news release has been reviewed by Mr. Rick Russell who is a Qualified Person as defined by NI 43-101.

Allan Williams, President of Maestro Ventures Ltd., comments: "We have brought a historic resource into Maestro and are excited about the prospect of verifying and possibly extending gold mineralization at Kings Canyon."

About Maestro

Maestro Ventures Ltd. is a junior Canadian exploration company focused on discovering gold in the Great Basin of Nevada and Utah.

On Behalf of the Board of Directors

Allan W. Williams, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Maestro Ventures Ltd.
    Allan W. Williams
    President & CEO
    (604) 484-7086
    (604) 484-7044 (FAX)