April 18, 2007 11:54 ET

Maestro Announces Core Drill Program Underway at Kings Canyon Property in Utah

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Maestro Ventures Ltd. (TSX VENTURE:MAP) is pleased to announce a core drill program has commenced at the Kings Canyon Project in Millard County, Utah, USA. Crown Resources Corp. previously estimated that the property contains 6,800,000 tons at a grade of 0.03 oz/ton gold using a cutoff of 0.013 oz/ton, for an inferred historical gold resource of 204,000 ounces. Maestro has not reviewed or verified this historic resource estimate and is not treating it as a NI 43-101 defined resource verified by a Qualified Person ("QP"). The historical estimate should not be relied upon.

Maestro's objective is to retest and verify the historic data by drilling five core holes with a cumulative footage of about 1,500 feet. Drilling started on April 2, 2007, and currently 3 holes are complete with a total footage of about 900 feet. Four of the core holes will test the historic resource area while a fifth hole will test a strongly mineralized exploration hole 3200 feet south of the historic resource area.

In addition to data verification, these core holes will provide a better understanding of the geology of the gold mineralization and test previous sample techniques. The historic resource was based entirely on reverse circulation (RC) drilling conducted by Crown Resources from 1990 to 1993. In 1995, Sway Resources, Inc. drilled one core hole in the historic resource area. Sway stated in a release dated July 11, 1995, that their core results indicate that core drilling may retrieve a better sample and that gold may have been lost in the RC drilling technique.

Later in 2007 Maestro plans to follow up this core campaign with 4,000 to 8,000 feet of additional drilling. Numerous robust targets exist on the property outside the historic resource area. These targets consist of:

- Several areas outside of the historic resource zone with prior RC drill holes that showed strong gold mineralization (up to 135 feet with 0.010 oz/ton gold).

- Several jasperoid-bearing mineralized faults that are visually similar to the fault believed to have guided fluids responsible for known resource mineralization.

- Covered areas with anomalous soil geochemistry.

Many of these targets are located in areas where the target stratigraphy is at shallower depths than the historic resource area which would enhance their economic potential.

The technical content of this news release has been reviewed by Mr. Rick Russell who is a Qualified Person as defined by NI 43-101.

Allan Williams, President of Maestro Ventures Ltd., comments: "We are excited about starting our work at Kings Canyon. We believe this property has a lot of untapped potential and could eventually be found to host a very significant low cost gold resource."

On Behalf of the Board of Directors

Allan W. Williams, President & CEO

Maestro Ventures Ltd.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Maestro Ventures Ltd.
    Allan W. Williams
    President & CEO
    (604) 484-7088
    (604) 484-7044 (FAX)