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Consolidated Spire Ventures Ltd. reports Gold Mineralization Expands at the Prospect Valley Gold Project
Consolidated Spire Ventures Ltd. reports Gold Mineralization Expands at the Prospect Valley Gold ...
About this update from Altair Resources, Inc.
[{"type":"text","content":"\nConsolidated Spire Ventures Ltd. reports Gold Mineralization Expands at the Prospect Valley Gold Project\n\n\n Jun. 3, 2010 (TheNewswire.ca) -- Consolidated Spire Ventures Ltd. (\"Spire\"; TSX-V: CZS) and Altair Ventures Incorporated (TSXV:AVX) (\"Altair\"; TSX-V: AVX) are pleased to report that results from the 2010 Phase I drilling program (carried out by Altair, within the South Discovery Zone (\"SDZ\") of the Prospect Valley property in southern BC) have continued to extend the strike length and width of gold mineralization.Assays have now been received from the last 3 holes of the 11-hole program. Hole PV-10-09 was drilled up-dip from, and on section with, holes PV-10-07 and -08 and further extended the width of the gold mineralization to the southeast with an intersection of 27.95m grading 0.41g/t gold. Hole PV-10-08 (previously reported on May 19, 2010) intersected 68.69m grading 0.89g/t gold, including 32.64m of 1.32g/t gold that, in turn, included a higher grade section assaying 2.93g/t gold over 7.53m. The 68.69m interval also included a deeper section of 7.96m grading 1.44g/t gold.Holes PV-10-10 and -11 were drilled 450m and 550m, respectively, along strike to the northeast and filled-in and extended the strike length of gold mineralization in that direction. The zone is still open along strike to the northeast. The SDZ is now known to have a strike length of more than 600m, although the central 100m - 150m may be offset to the northwest, and further work is needed to test this hypothesis. It is locally more than 90m in vertical thickness, and more than 200m wide in the middle.\"The success of the Phase I drill program is significant, not only because the continuity of gold mineralization should allow us to prepare a preliminary resource estimation, but because the intensity and extent of the mineralization and alteration in the SDZ is indicative of a strong mineralizing system. We have gold anomalies spread over 40 square kilometres at Prospect Valley, some of which are bonanza grade, and we look forward to advancing these targets over the coming summer field season\" said Fayyaz Alimohamed, President of Altair.The Phase I program consisted of 1,127m in 11 drill holes and was successful in proving the continuity of gold mineralization intersected in the SDZ in 2006 and 2007. Highlights from holes PV-10-09 to -11 ar...