Business
Diamond Drill Program Begins at Prospect Valley Property
Diamond Drill Program Begins at Prospect Valley Property
About this update from Altair Resources, Inc.
[{"type":"text","content":"\nDiamond Drill Program Begins at Prospect Valley Property\n\n\n Mar. 25, 2010 (TheNewswire.ca) -- Consolidated Spire Ventures Ltd. (\"Spire\")(TSX.V: CZS) is pleased to announce that the Project Operator has begun the diamond drill program on the South Discovery Zone of the Prospect Valley Gold Property in Merritt, BC.The 2010 Phase I drill program will consist of approximately 1,500m in 12 - 14 holes designed to test the continuity of gold mineralization intersected in the South Discovery Zone in 2006 and 2007. Those programs included drill intercepts such as 50.6m of 1.36g/t gold in DDH 2006-21, 66.8m of 0.90g/t gold in DDH 2007-02 and 96.5m of 0.74g/t gold in DDH 2007-05. The diamond drill program will include fill-in holes, at a spacing of approximately 50m, drilled along a strike length of 500m where soil geochemistry and Induced Polarization (IP) chargeability anomalies appear to correlate well with gold mineralization in bedrock.A new area in the South Discovery Zone will be tested, following up on results of the November and December 2009 infill soil grid. The recent soil sampling over this zone returned assays of up to 1.2g/t gold. The area has a strong geochemical/geophysical anomaly that is separate from, but parallel to, the main trend. A map showing the proposed South Discovery Zone drill targets can be found on the Company website at http://www.spireventures.com/docs/uploads/File/maps/Phase1ProposedDrilling.pdf.Recent warm weather is providing an excellent source of water from melting snow and all drill sites are road accessible. The drilling has been contracted to SCS Diamond Drilling of Kamloops, BC.The South Discovery Zone is part of a geochemical and geophysical anomaly extending nearly 2km in total strike length and up to 400m wide. Should the new drill program indicate sufficient continuity of grade, the results will be used to estimate an initial NI 43-101 compliant resource for the South Discovery Zone.Brian Buchanan, president of Spire stated \"We are very pleased that the anticipated Phase 1 diamond drill program has commenced, and that it's starting several months ahead of schedule. This is the most important project in regards to CZS's growth, and the fact that we are 100% carried on this prospect is the key. In order to earn its interest, our partner must spend $6 million on the Prospect Valley Gold P...