Consolidated Gold Win Ventures Inc.
TSX VENTURE : CGW
PINK SHEETS : CGWVF
FRANKFURT : OUH

Consolidated Gold Win Ventures Inc.

December 29, 2006 03:05 ET

Consolidated Gold Win Ventures Inc.: Rush Samples Confirm First Discovery on Dolly Varden Claims, Elko County, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 29, 2006) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) reports that it has received five assay results from the first hole drilled at the Dolly Varden Claims, in Elko County, Nevada, taken by the company's independent Qualified Person William Timmins, when he visited the drill site early in December.

The five samples, taken by Mr. Timmins, were shipped by him to the ALS Chemex lab in North Vancouver. All the samples were taken from the first hole and ALS Chemex, although extremely busy, processed them on a priority basis, for which the company is grateful. Two of the samples were taken in the visibly malachite stained zone and three were taken from the altered rusty pyrite zones above and below it.



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Silver Gold
Footage Description Copper ppm ppm
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446.5 - 448.5 Malachite stained zone 5.23% 7.2 0.022
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457.0 - 460.0 Malachite stained zone 2.63% 44.9 0.058
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202.0 - 204.0 Upper dissem. Pyrite 1395 ppm 1.9 0.021
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250.0 - 252.0 First rusty zone 487 ppm 0.8 0.008
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532.0 - 536.0 Lower part of altered zone 117 ppm 1.0 0.005
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Various other elements were associated with some of the samples including; zinc (hundreds of ppm in all except lowest), lead, bismuth, arsenic, molybdenum and barium suggesting that a significant source to the over 300 feet of mineralization in the hole is still to be intersected.

The first and second holes have been completely logged and over 110 additional samples have been sent to ALS Chemex's laboratory in Elko, Nevada. Due to the amount of work the laboratory has, results are not expected till early in the New Year.

This is the first drill hole ever completed on the property and has intersected the geophysical anomaly that extends from this northern part of the property a minimum of 3000 feet south. There are more intense chargeabilities south of this initial drill area that will be tested in the ongoing drill program.

Drilling will resume in early January 2007.

The Company also announces that it has appointed Mr. Kamal Alawas as Vice-President U.S. Operations. Mr. Alawas shall be responsible for the general management of operations in the United States and brings to the Company a wealth of experience and contacts in natural resource exploration. The Company announces that it has granted 575,000 stock options exercisable for a term of 5 years, which options shall have an exercise price based on the close of trading as of December 29, 2006.

William Timmins, Geologist, 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.

www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004 (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)

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.

We seek safe Harbor

Contact Information

  • Consolidated Gold Win Ventures Inc.
    Shareholder Relations
    (778) 994-6453
    or
    Consolidated Gold Win Ventures Inc.
    Abby Farrage
    (604) 671-4718
    or
    Consolidated Gold Win Ventures Inc.
    Souhail 'Abby' Abi-Farrage
    President and Director
    (604) 671-4718
    Email: moreinfo@v-cgw.com
    Website: www.v-cgw.com