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Acrex - Moneta JV Confirms and Expands "55 Zone" Gold Mineralization, Timmins, Ontario
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, July 30 /CNW/ - Acrex Ventures Ltd. ("Acrex", TSX: AKV) and\nMoneta Porcupine Mines Inc. ("Moneta", TSX: ME) are pleased to announce final\nresults from the "55 Zone" Joint Venture drill program. A total of 2449 metres\n(m) was drilled in 8 holes. All drill holes intersected gold mineralization,\nwith best results from holes MA-08-43, MA-08-44 and MA-08-49, drilled in the\nmore central portion of the zone. Previous drilling returned notable drilled\nwidth intersections in MA-04-25 (12.76 g/t Au over 4.30m within 11.50m of\n5.86 g/t Au), MA-02-06 (7.54 g/t Au over 6.50m within 4.81 g/t Au over 12.0m),\nand more recently MA-05-30 with an intercept of 8.99 g/t Au over 4.50m within\na 7.40m alteration zone averaging 5.81 g/t gold.\n\n\nHighlights from the current drilling include the zones intersected in\nMA08-43 and MA08-49. Notable in MA08-49 is an intersection of 9.68 g/t Au over\n27.75 metres drilled width with a peak value of 49.03 g/t Au over 1.00 metres.\nWithin this zone are five narrow quartz vein or stringer intercepts each of\nwhich may be up to 0.30 metres in true width, intersecting the drill core at\nvariable but generally very low core angles, with the result that a\nsignificant portion of the vein intersections carrying the higher grades were\ndrilled down-dip. The overall zone is defined by intense ankerite/pyrite\nalteration with gold values typically ranging from 2 to 5 g/t gold. A similar\norientated vein carrying visible gold in the same geological setting was\nintersected in MA08-43 returning 42.09 g/t Au over 2.90 metres drilled width,\nwith a peak vein value of 187.99 g/t Au over 0.50 metres. The results confirm\nthe high grade and well mineralized gold tenor of these very narrow veins and\ndue to their orientation, the true width of the two zones is significantly\nreduced and will have to be determined by an additional drill program.\n\n\nThe "55 Zone" is hosted by altered Timiskaming greywackes and sandstones\nalong the ultramafic/Timiskaming sedimentary contact and on strike with\nMoneta's Southwest (624,500 oz.; historical Barrick gold resource) and\nWindjammer South Zones (154,000 oz. :Cargill NI 43-101 inferred reso...