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Acrex Plans 2007 Winter Drill Program for Timmins Gold Property, Ontario
Acrex Plans 2007 Winter Drill Program for Timmins Gold Property, Ontario.
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: OTC BB: \"AXVEF\"\n\n\nVANCOUVER, Dec. 14 /CNW/ - Acrex Ventures Ltd. (Acrex) and Moneta\nPorcupine Mines Inc. (Moneta) are pleased to announce that plans for a Winter\ndrill program are being finalized by them, as the Michaud Joint Venture\npartners, with an expected startup of drilling by the middle of January 2007\nsubject to suitable field conditions.\n\n\nThe drill program will continue exploration begun earlier this year to\nestablish the gold potential of the Dyment 3 property with up to 1,200 metres\nof drilling. In spite of an early termination to the Spring 2006 program\nbecause of poor ground conditions, the drill results were encouraging and\nconfirmed the continuity of the regional geologic stratigraphy and established\nthe first presence of gold mineralization on Dyment 3. The best intersection\nreturned 7.5 g/t gold over 0.5 metres within a zone of 2.1 g/t gold over\n2.6 metres, all drilled widths.\n\n\nThe program is also expected to test the area between the 55 and Western\nZones along the ultramafic/Timiskaming sedimentary contact and on strike from\nMoneta's Southwest Zone (624,500 oz. inferred historical gold resource), all\nof which lie adjacent to the prolific Destor-Porcupine Fault.\n\n\nThe Michaud (50/50) Joint Venture was formed in 2004 by Moneta and Acrex\nto continue exploration on the prior gold discoveries on 43 claims in Michaud\nTownship which include the 55 and Western Zones. The Dyment 3 property adjoins\nthe existing claim group and is held by the Michaud Joint Venture under a 2006\nearn-in agreement from St. Andrew Goldfields Ltd.\n\n\nAcrex is presently awaiting assays from its Spanish Mountain Gold Project\nin central British Columbia. In November 2006 the Company completed\n1,958 metres of diamond drilling in 15 holes on the Spanish Mountain property.\nDue to a backlog at the laboratory the assays are now expected to be available\nin early January.\n\n\nACREX VENTURES LTD.\n\n\nPer:\n T.J. Malcolm Powell,\n President\n\n\nThis news release includes certain forward-looking statements concerning\nthe future performance of our business, its operations and its financial\nperformance and condition, as well as management's objectives, strategies,\nbeliefs and intentions. Forward-looking statement...