Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

March 23, 2007 03:05 ET

Consolidated Gold Win Ventures Inc.: Drilling Continues to Define Initial Zone at Dolly Varden-Phase II Permit From BLM Granted

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that with the completion of the deep drill hole at over 1660 feet with over 700 feet of mineralization in the "buried" mineralized "granitic" intrusive, the company has relocated the drill in the area of the first drill intersection to define the strike of that zone and to complete the initial Phase I expanded drill program.

The company has received notification from its permitting contractor Enviroscientists, Inc. of Reno, Nevada, that the BLM has approved the expanded drilling proposal that makes up the Phase II drilling of the property. The company in co-ordination of its independent geologists and geophysicists are completing the review of the data to confirm the location of the drill sites and expects a smooth transition to Phase II drilling. Phase I has completed nine holes with at least 2 and probably 4 more holes to be completed in the next two weeks (over 6200 feet (2000 metres) of core recovered).

The final Phase I drilling has been commenced to determine the exact strike of the mineralization on the northern end of the structure and will be continued in the newly permitted drill sites to define the suggested resource in this shallow mineralized zone.

The company has completed the preliminary hearing for its permitting for diamond drilling in the Northwest Territory and has been in touch with the appropriate agencies to confirm the drilling dates for the company's British Columbia Yeti Property. The Yeti property has been issued a provisional drill permit which it will proceed with once the conditions are conducive to effective drilling.

William Timmins, P.Eng., a Qualified Person under National Instrument 43-101, has reviewed 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 Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.

We seek safe Harbor.

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' Farrage
    (604) 671-4718