Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

November 16, 2006 03:05 ET

Consolidated Gold Win Ventures Inc.: Drill Crew Ready at Dolly-Drilling to Commence

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) ("Gold Win") reports it has been informed by the drilling company that the drill has been moved to the Dolly Varden property this week in preparation for the commencement of drilling this weekend. The water usage from the near by Dolly Varden Spring has been acquired from the local rancher and the backhoe and operator from Tooele, Utah are preparing the drill sites and sumps at the initial locations.

In anticipation of the drill program this weekend, Gold Win QP, Laurence Stephenson will be meeting with the field team to initiate the drill program on site.

The first zone to be tested will be where the QFP dykes have been traced to the area of the high grade copper zinc and silver zones (1145 ppm silver (33.57 ounces per tonne) and 347ppm silver (10.18 ounces per tonne), 2.67% copper, 20.6% lead; 1.49% zinc and 0.154 ppm gold and 9.34% copper; 1.95% lead; 2.21% zinc and 0.116 ppm gold) in the north. It will also test the east west shear structure associated with the mineralization, the ever present dykes and a sharp flexure in the IP anomaly.

The middle part of the IP zone where several mineralized outcrops of copper rich mineralization have been found (2.02 %, copper and 3.9 ppm silver; 0.81% copper 190 ppm Molybdenum and 16.7 ppm silver & 3.65% copper, 190 ppm uranium and 1.1 ppm silver) approximately 2000 feet south of the first zone and the area alteration and copper mineralization (two grab samples reported 5.7 and 3.4 ppm silver; 1.32% & 0.535% copper; 129 and 690 ppm molybdenum and 0.193 ppm and 0.134 ppm gold, respectively) on a resistivity high area approximately 2500 feet south east of the first zone will be tested next.

The Quartz Feldspar Porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly and its association with the Skarn and porphyry copper potential of the property will be tested in this drilling of the prolific Nevada basin area.

Laurence Stephenson, 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 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