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CGW anticipates successful drill programs at Dolly Varden and the Victoria Mine for 2008

VANCOUVER, Feb. 12 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS...

articleBig Bear Gold Corp.February 12, 20084/company/big-bear-gold-corp/news/cgw-anticipates-successful-drill-programs-at-dolly-varden-and-the-victoria-mine-for-2008-1
CGW anticipates successful drill programs at Dolly Varden and the Victoria Mine for 2008

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[{"type":"text","content":"\n\n\n\nVANCOUVER, Feb. 12 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC.\n(CGW TSX-V, FRANKFURT - OUH, PINKSHEETS - CGWVF) is pleased to announce it has\ncompleted its initial analysis of the Mobile Metal Ions (MMI) surveying\ncompleted over the Dolly Varden claims in the area of the initial discovery\nhole of 2006.\n\n\nThe MMI survey is used to target directly anomalous metallic\nmineralization that is buried. To date this has identified anomalous results\nassociated with the initial drill hole that intersected 75 feet of 0.65%\ncopper and that was associated with over 3000 feet of anomalous 3-D IP\nsurveying. Adjacent lines of MMI surveying have indicated that the anomalous\nresults can be traced in association with the 3-D IP trend identified\npreviously. Further surveying to refine this trend and target the deeper\ndrilling targets is anticipated.\n\n\nThe company consultants have integrated the analysis of the 3-D Induced\nPolarization, the aeromagnetic survey data and the geological information from\ndrilling and exploration successfully completed throughout 2006 and 2007. The\nresults of this extensive work have provided the basis for the conclusion of\nthe following particulars:\n\n\n1. The wide zone of sulphide mineralization and especially the copper\nmineralization intersected in DV-06-03 represents the distal veins\nassociated with a buried porphyry intrusive that is part of the model of\nlarge scale copper porphyry mineralization found in eastern Nevada and\nUtah that is associated with large resources such as that located at Ely,\nNevada (Quadra's Robinson mine) to the south and at Salt Lake City, Utah\n(Kennecott's Bingham Canyon mine) to the east.\n\n2. The widespread extent of sulphide throughout this area and in all\ndirections, although mainly iron, reflects a model of the source of\nmineralization as a large system and a position in that system in the\npyritic halo of the intrusive.\n\n3. The "buried" porphyry intrusive that was intersected in Drill hole\nDV-07-11 and again in Drill Hole DV-07-15 containing 1-4% pyrite and\nanomalous copper and gold values, is very similar in composition to that\nlocated adjacent to the northwest of the Anaconda Victoria Mine which\nproduced over 40 million pounds of copper. The buried intrusive on CGW's\nDolly property has more sulphides and alteration associated wi...

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