Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

April 26, 2007 03:05 ET

CGW Completes Expanded 10,000 Foot Phase One Drill Program at Dolly-Intersects Significant Mineralized Porphyry Intrusive

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that it is completing the last hole on the Phase I drilling program (DV-07-17) which is the 14th hole on the expanded drilling program on its Dolly Varden Claims, in Elko County, Nevada.

This 14th hole will complete almost 10,000 feet of drilling on the claims (up from an original planned 3,000 feet) in the expanded Phase I drilling program. This amount of core is being logged in detail, and sampling has been expanded to whole sections of drill holes in light of the geological environment that has been discovered. Some additional sampling from the initial drill holes has also been undertaken in light of the later drilling.

The success to date in discovering a mineralized geological environment that is associated with major deposit types throughout Nevada and Utah cannot be overlooked and the company is proceeding meticulously and without haste to ensure it understands all the implications of the success it has encountered in this 1st Phase of Drilling.

An example of the "surprises" that the drill program is encountering was seen in drill hole DV-7-16 which was finished last weekend. With the attendance of several investors and analysts at the property the hole was drilled beyond its target depth of 750 feet. At approximately 820 feet through to 890 feet mineralized porphyry intrusive was intersected. This appears to be similar to the porphyry intersected in the deep hole (DV 07-11) which is 600 metres (2,000 feet) to the south. There is no indication apart from the extensive alteration of the overlying limestones that this intrusive extends this far north.

The indication of a deeper easterly striking geophysical structure, from the recently completed deep 3-D geophysical surveying, associated with the 700+ feet of mineralized porphyry in drill hole DV-07-11 suggests a very large system at depth that could explain some of the distal mineralization encountered in Drill holes DV-07-06 & 07 located approximately 600 metres to the east of the main zone.

As suggested by the above two noted "discoveries", the integration of the geological and mineralized information with the geophysical data in guiding the Phase II Drill Program of this significant discovery is of utmost importance to the company.

William Timmins, P.Eng, 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 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