Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

September 17, 2007 16:34 ET

CGW Acquires Interest in Victoria Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that it has acquired an option to earn, from Kokanee Placer Ltd. ("KokPlc"), a private company, a 10% interest in the Victoria Mine to the east of its Dolly Varden Claims, in Elko County, Nevada.

This option to acquire an interest from KokPlc, which has just purchased the former Anaconda Mining Company's past producing copper mine, will enable CGW, not only to participate in the resource evaluation of the remaining mineralization in the mine that KokPlc has initiated, but given the geological affinities to this known mineralization and the geological environment on CGW's Dolly Varden Claims, CGW will be able to evaluate the 3-D IP Geophysics and airborne Magnetometer Survey completed over its claims with those results over the old mine.

The ability of the company to be able to test the geological and geophysical data that it has acquired over its claims on an actual mined zone with similar mineralization is a tremendous opportunity that will enable the company to continue the full evaluation of the Dolly Varden claims. Logging and sampling of the last five holes drilled in Phase 1 is being completed in a diligent and thorough way with effort to incorporate the new knowledge being gleaned from the old Victoria Mine.

The 10% interest in the claims were acquired from KokPlc for a total payment of $1,000,000 in cash, issuing 2.5 million shares and completing $1,500,000 of exploration work including 3-D IP and drilling over the next year, subject to regulatory approval. The payments and exploration are staged to be completed over the next year.

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

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Gold Copper 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