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Acrex to complete airborne geophysical surveys on its Spanish Mountain properties
Acrex to complete airborne geophysical surveys on its Spanish Mountain properties.
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, March 21 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to\nannounce that it has signed an agreement with Aeroquest Limited to complete an\nairborne geophysical survey over its optioned Spanish Mountain-Hepburn Lake\nmineral properties located near Likely in the Cariboo region of British\nColumbia. The agreement is for a minimum 200 line kilometers of time domain\nelectromagnetic and magnetic survey. The survey will cover both the Hepburn\nLake and Spanish Mountain portions of the Acrex optioned properties. It is\npresently expected that the survey will commence in late April 2007.\n\n\nThe airborne geophysical survey will assist in the identification of\nlithologies favourable to hosting bulk-mineable gold deposition, similar to\nthat currently under exploration on the adjacent Skygold Ventures Ltd. and\nWild Rose Resources Ltd. Spanish Mountain joint venture gold project. The\ngeology consists of sedimentary formations that have been altered, and in\nplaces, sheared. They host significant fine quartz and carbonate veining as\nwell as common pyritic-bearing sections. In 2006 the joint venture completed\nan airborne geophysical survey that helped to define an extensive zone of\ninterest that is in part trending to the west towards the Acrex optioned\nclaims. To date, the best gold-bearing intercepts from diamond drilling on the\nAcrex properties have been returned from samples of carbonaceous mudstone\ncontaining veined and disseminated pyrite (see Acrex news release dated\nJanuary 17, 2007).\n\n\nThe potentially gold-bearing carbonaceous mudstone units can be traced by\nelectromagnetic variations using geophysical procedures. The scheduled\nAeroquest Limited airborne magnetic/electromagnetic survey will assist in\ndefining sedimentary horizons with potential to host gold-bearing structures.\nThe survey will also tie the gold-bearing intercepts of significance from the\ndiamond drilling completed by Acrex in 2006 to the trend of regional\nsedimentary structures. Follow-up detailed soil geochemical sampling, combined\nwith bedrock trenching and eventual drilling of targets produced from the\ngeophysical survey has been recommended.\n\n\nACREX VENTURES LTD.\n\n\nPer:\n\n...