Business
ACREX TO COMMENCE DRILLING ON GRIZZLY-KELLAR LAKE PROPERTY IN THE CHIBOUGAMAU REGION OF QUEBEC
ACREX TO COMMENCE DRILLING ON GRIZZLY-KELLAR LAKE PROPERTY IN THE CHIBOUGAMAU REGION OF QUEBEC
About this update from Avventura Resources Ltd.
[{"type":"text","content":"\n\n\n\n Oct. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nVANCOUVER, Oct. 5 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to announce that diamond drilling will commence this week on its Grizzly-Kellar Lake gold property (the "Property"). Acrex has an option to acquire a 100% interest on the Property (see news release dated May 18, 2010). Acrex has contracted Forages M. Rouillier Drilling Inc. of Amos, Quebec for the completion of up to 500 metres of drilling.\nThe Property hosts a new gold discovery and lies completely within the townships of Lamark and Guettard located approximately 45 miles west of the mining town of Chibougamau, Quebec. The Chibougamau region is best known for its copper mining with cumulative production greater than 2.5 billion pounds. However, it has also produced 4.3 million ounces of gold. The Property is comprised of 120 contiguous claims covering approximately 6,270 hectares (approximately 15,490 acres). The Property lies along an east-west trending regional fault zone that marks a major volcanic-sedimentary rock contact. Recent prospecting on the Property discovered widespread alteration (carbonatization-silicification) and mineralization (arsenopyrite, pyrite), occurring in sheared gabbro and feldspar porphyry. Grab samples from the two lithologies returned gold assays up to 5.1 g/t Au.\nThe principal gold-showing on the Property occurs in a quartz vein cutting volcanic rocks of acidic to intermediate composition which is...