Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

November 12, 2007 08:22 ET

CGW and Kokanee Placer to Share Test Leach Profits at Victoria Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that it has entered into an agreement with Kokanee Placer (USA) Ltd. to test leach the remaining insitu oxide ore in benches at the old open pit at the Victoria Mine, in Elko County, Nevada.

CGW has agreed to fund the test mining operation and will receive 50% of the profits after recovery of its set-up and operating costs.

Kokanee has made arrangements with SGS Lakefield's Laboratories to conduct bottle roll and column leach tests using the SXEW (Solvent Extraction Electro Winning) process to test the recoverability of the copper in the mineralization.

Following the successful outcome of this test, a bulk test sample is planned with a designed capacity for up to 500,000 tons.

Since the operations will be developed on the patented ground and will be a test mining situation, a spring 2008 start-up is anticipated.

This operation will continue in parallel with CGW's funding of its option to acquire 10% of the Victoria Mine and to classify the historical below surface resource estimate of 1.5 million tons grading 2.39% copper and 0.59 ounces per ton silver in accordance with National Instrument 43-101.

The company has not yet completed the work necessary to independently verify the classification of the mineral resource estimates contained herein and is not treating those mineral resource estimates as National Instrument 43-101 defined resources verified by a qualified person. As such, the historical estimates contained in this release should not be relied upon.

CGW is also pleased to announce that Kcrew Communications Inc. has been retained to provide investor relations services for the company commencing immediately (see contact information listed below).

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 - Dolly Varden Copper Gold claims and the Victoria Copper Mine, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.

Souhail 'Abby' Abi-Farrage - President and Director

Consolidated Gold Win Ventures Inc.

We seek safe Harbor

Contact Information

  • KCrew Communications Inc.
    (604) 678-8101 or Toll Free: 1-866-465-3616
    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