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Acrex defines drill targets at its Spanish Mountain Gold Property
Acrex defines drill targets at its Spanish Mountain Gold Property.
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, Sept. 26 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to\nprovide an update of exploration on its Spanish Mountain property, located\nnear Likely, B.C. The Spanish Mountain Property is located immediately\nadjacent to Skygold Ventures Ltd. and Wild Rose Resources Ltd. Spanish\nMountain Joint Venture gold project. Over the last two years drilling and\ncompilation work by the Spanish Mountain Joint Venture has outlined a large\ngold mineralized system with average gold grades of greater than 1.0 g/t gold.\nThe Main mineralized zone measures 1,200 metres x 500 metres and is up to \n135 metres thick. The deposit remains open in all directions.\n\n\nAcrex has recently completed airborne geophysical surveying over its two\nclaim blocks which adjoin the Joint Venture property to the northwest and\nsoutheast. The survey was conducted by Aeroquest International and included\nAeroTEM (Electromagnetic) and Magnetometer instrumentation. Processing of data\nand interpretation is currently underway. Preliminary indications are that a\nnumber of strong electromagnetic (resistivity) zones trend from the\nSkygold-Wildrose property onto the Acrex held claims. This is consistent with\nthe general stratigraphic trends provided from regional geologic mapping.\nDiscussions with Skygold's consultants has provided preliminary insights into\nseveral areas for possible follow-up diamond drilling within the Acrex claims.\n\n\nAcrex currently has a geologic team working to conduct follow-up soil\nsampling and drill-hole planning on both the northwest and southeast claim\nblocks. Soil sampling on the southeast (Spanish Mountain) block is designed to\nfollow-up elevated gold in soil samples returned from preliminary soil\nsampling completed in 2006. Sampling on the northwest (Hepburn Lake) block\nwill extend the grid to cover recently optioned claims that adjoin that claim\ngroup. The results of soil sampling will be overlaid onto the results of the\nairborne geophysical surveys to further define targets for follow-up drilling.\n\n\nAcrex has retained Atlas Drilling Ltd., of Kamloops, BC to core drill the\nnew targets developed from the Aeroquest geophysical survey and surface\nsampling. Drilling...