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Acrex To Complete Geophysical Survey on its Don's Lake Gold Property, Northwestern 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, April 15 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to\nannounce that it has signed an agreement with Abitibi Geophysics of Val d'Or\nQuebec to complete an Induced Polarization (IP) survey on its optioned Don's\nLake mineral property. The survey will involve completing 18 line kilometres\nof geophysical coverage on 100 metre spaced lines along the 7 km - long Don's\nLake Shear Zone (DLSZ).\n\n\nThe DLSZ has been shown by litho-geochemistry to be prospective for gold\nand uranium mineralization. Previous exploration on the Don's Lake property\nhas included VLF-EM and magnetometer surveys, geological mapping,\nlitho-geochemistry, prospecting, and 20 diamond drill holes. Eight of the\ndrill holes intersected the prospective shear zone. Among these eight holes,\nthree holes intersected good gold grades within the DLSZ. These are DL 04-04\nwith 0.36 oz Au per tonne over 3.3 feet, hole Bam 88-12 with 0.566 oz Au per\ntonne over 3.6 feet and hole Fry-1 with 0.605 oz. Au per tonne over 0.4 feet.\n\n\nIn 1978 trenching by Urangesellschaft returned an assay of\n0.136% U(3)O(8) and 0.117 oz/t gold across 6.6 feet from a trench located\nalong the south side of the DLSZ.\n\n\nThe geophysical program will commence in early July and is expected to be\ncompleted by the end of July. It is anticipated that the survey will define\ntargets for diamond drill testing later in the year.\n\n\nACREX VENTURES LTD.\n\n\nPer:\n\n\nT.J. Malcolm Powell,\n\n\nPresident\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this Release.\n\n\n","length":1822,"tagName":"div"}]