Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

March 09, 2007 03:05 ET

Consolidated Gold Win Ventures Inc.: Drilling of Intrusive at Dolly Varden-Opens New Doors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2007) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FRANKFURT:OUH) reports that with the intersection of the "buried" mineralized "granitic" intrusive and the intersection of the skarn type mineralization in the three widely spaced areas, the possibility of having a porphyry system has to be factored into the analysis.

A review of Kennecott Mining Company's exploration parameters for their discovery and mining of the Skarn related porphyry intrusive at Bingham Canyon to the east and Ely (now Robinson Mine) Nevada to the south indicated that close attention has to be paid to the total drill hole for alteration halos to point towards the higher grade sections. This attention to detail is required due to the variability in the mineralized zones which led them to conclude that even in the most productive and large ore bodies, a 1 in 10 drill intersection of economic type mineralization was to be expected in the initial exploration phase.

The company's independent geologists and geophysicists are completing the analysis of all the data and hope to incorporate the complete data of Phase I as the company continues to permit for Phase II. This review will ensure a smooth transition to Phase II drilling based on the analysis of the data. Phase I was to have been 6- 10 holes for a total of 1000 metres (3000 feet). Currently nine holes have been drilled and over 5000 feet (1650 metres) of core recovered. Two more holes are planed for Phase I.

Drilling continues to delineate the deep mineralization.

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.

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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
    (604) 671-4718