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Acrex Continues Diamond Drilling At Spanish Mtn Gold Property, Likely, BC
Symbol "AKV": TSX Venture Exchange SEC Form 20F Registration CIK: 1194506 Symbol "AXVEF": OTC BB
About this update from Avventura Resources Ltd.
[{"type":"text","content":"\n\n\n\nSymbol "AKV": TSX Venture Exchange\n\n\nSEC Form 20F Registration CIK: 1194506\n\n\nSymbol "AXVEF": OTC BB\n\n\nVANCOUVER, Nov. 15 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to\nprovide an update of the 2007 drill program on its Spanish Mountain property,\nlocated near Likely, BC. The drilling program is being carried out on Acrex's\nHepburn Lake claim block approximately 2.0 km northwest of the Spanish\nMountain Joint Venture gold project of Skygold Ventures Ltd. and Wild Rose\nResources Ltd. Over the last two years drilling and compilation work by the\nSpanish Mountain Joint Venture has outlined a large tonnage, potentially bulk\nmineable, sediment hosted gold system with average gold grades of greater than\n1.0 g/t. The Main mineralized zone measures 1,200 metres x 500 metres and is\nup to 135 metre thick. The deposit remains open in all directions.\n\n\nAcrex's consultants, PBG Geoscience of Kamloops, BC, advise that 10 of\nthe proposed 11 drill holes have been completed on the property. The maximum\nhole depth completed in the 10 holes is 309 metres (1015 feet). The drilling\nhas sampled several different target areas on the Hepburn Lake portion of the\nproperty. These include targets defined by the results of an airborne\ngeophysical survey completed earlier this year. The airborne survey indicated\na number of strong electromagnetic (resistivity) zones that trend from the\nMain Gold Zone on the Skygold-Wildrose Joint Venture property onto the Acrex\nclaims. As well, the current drilling will further test the area around the\ngold-bearing intersections returned from drill hole 06SpM-15, completed in the\nfall of 2006 (see Acrex news release dated January 17, 2007). This drill hole\nreturned significant gold-bearing intersections, including 2.54 grams per\ntonne over 1.51 metres and 2.29 grams per tonne over 1.52 metres.\n\n\nA total of 1,600 metres (5250 feet) of diamond drilling have been\ncompleted in the first 10 drill holes of the 2007 program. All core is being\nlogged and sampled at a facility located near to the property. Samples are\nbeing split from the core and are shipped to Assayers Canada Laboratory in\nVancouver BC. Results of analysis are expected to be completed within the next\n30 to 60 days. The remaining half of the core is stored in the Company's core\nstorage...