Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

December 05, 2006 03:05 ET

Consolidated Gold Win Ventures Inc.: Dolly Varden Cores Reveal Extensive Visual Mineralization

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 5, 2006) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) ("Gold Win") reports on the drilling that has started on its South Dolly Varden gold copper claims in Elko County, Nevada.

The first drill hole is nearing its extended target depth (originally 600 feet now over 700 feet) but has intersected several zones of altered mineralization that correspond to the predicted depth of the geophysical IP anomaly. This geophysical anomaly extends from the northern part of the property a minimum of 3000 feet south and is up to 600 feet wide.

No core has been split for assay as yet but the amount and description of the visible mineralization requires reporting. The hole was collared drilling to the east-southeast at a dip of -70 degrees.

From the collar to approximately 178 feet depth limestone as found in the surrounding surface outcrops was encountered.

From 178 feet to 192 feet a zone of intense oxidized and rusty pyrite was intersected, with a visual estimate of between 15-20% sulphides.

From 230 feet to 275 feet a zone of intense rusty pyrite, jasperoid like material and clay epidote alteration is reported.

From 350 feet to 425 feet heavy alteration with clay and other alteration minerals reported.

At 437 feet the drill hole encountered a zone of mineralization and alteration that is currently being drilled at 545 feet. Within that zone are these zones:

440 feet to 480 feet fairly abundant azurite, malachite and chalcopyrite.

502 feet to 515 feet fairly abundant azurite, malachite and chalcopyrite including a 6 inch section of massive chalcopyrite.

515 feet to 525 feet jasperoid, rusty "rotten" broken core.

525 feet to 545 feet similar but skarn appearance and massive pyrite zones.

The company stresses that no assays have yet been received from this drill core as this first drill hole is still continuing, but the presence of the azurite and malachite is confirmation of the presence of copper in the zone and are consistent with what has been reported from surface investigations and sampling.

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

Laurence Stephenson, P.Eng is the consulting Geological engineer that has prepared this news release.

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in the North West Territories - Drybones Diamond properties, Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti Gold claims, Quebec - Raglan Platinum group metals claims.

The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the Company's periodic filings on SEDAR.

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The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Consolidated Gold Win Ventures Inc.
    Blair Naughty
    (604) 683-3995
    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