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Acrex Announces Commencement of the 2010 Exploration Program on its Cariboo Property
Acrex Announces Commencement of the 2010 Exploration Program on its Cariboo Property
About this update from Avventura Resources Ltd.
[{"type":"text","content":"\n\n\n\n Jun. 1, 2010 (Canada NewsWire Group) -- "AKV": TSX Venture Exchange\n\n Acrex Ventures Ltd. ("Acrex") is pleased to announce commencement of the 2010 exploration program on its Cariboo Region property located near Likely, British Columbia. Acrex has received the necessary permits to allow for road access construction, trenching and drilling on the property.\nA work program consisting of soil geochemical sampling and ground magnetometer surveys is planned for May, 2010. Following this ground work, a trenching and drilling program is planned to commence in June. Acrex has contacted Atlas Drilling Ltd. of Kamloops, B.C. for the completion of an initial drill program consisting of 1,500 metres of drilling from 5 drill stations to test various targets.\nThe incentive for continued exploration on the Acrex claims is supported by positive results from both Spanish Mountain Gold Ltd. and Tiex Inc. (see Acrex March 2, 2010 news release). The Tiex property lies directly to the west, and the Spanish Mountain Gold deposit lies directly to the east of the proposed area of work to take place on the Acrex Property (please refer to map). The regional geology that hosts the gold mineralization on the Tiex and Spanish Mountain Gold properties trends northwest to southeast, passing through both the southeastern and northwestern claim blocks that make up the Acrex property.\nOn May 18, 2009, Spanish Mountain Gold released an updated 43-101 compliant resource for its Spanish Mountain Gold project. The updated measured and indicated gold resource is reported at 102.26 million tonnes at an average grade of 0.785 g/t (2.58 million ounces gold) and an inferred resource of 11.65 million tonnes at an average grade of 0.787 g/t (290,000 ounces gold), at a cut-off grade of 0.50 g/t gold. The Main Zone mineralization is located within 1.5 kilometers of the Acrex claims.\nOn the west side of the Acrex claims, Tiex Inc reported results from its 2008-2009 drilling program that intersected wide widths of elevated gold (0.25 to 0.5 grams/tonne) containing higher grades over shorter widths (eg. 6.04 g/t over 1.07 m).\nAcrex has successfully completed diamond drilling of 26 holes on the property to date. The highest gold value of 2.42 g/t gold returned from a sample taken between 279 m to 280.5 m depth in hole 07SpM-01 (see Acrex March ...