Symbol"AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": Pink Sheets
VANCOUVER, Aug. 28 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to
announce that Glen's Drilling Ltd., of Logan Lake, BC has advised that
mobilization to the Spanish Mountain Gold Property will begin in early
September and drilling is expected to commence on September 5th.
The planned program is the first phase of a planned two-phase 2,000-metre
diamond drill program. The initial program will gather geological information
on the Hepburn Lake property where geochemical sampling has defined an
800 metre by 1000 metre gold soil anomaly. The phase 1 drill program will
involve approximately 800 metres of diamond drilling in four holes. Field
crews have recently completed the construction of all access roads and drill
sites required for the diamond drill program.
The Acrex drill targets are located 2 kilometres along strike from the
Main Zone on the immediately adjacent Skygold Ventures Ltd. and Wild Rose
Resources Ltd. Spanish Mountain joint venture gold project.
The Skygold-Wildrose joint venture is currently drilling on its adjacent
Spanish Mountain property with three drill rigs. Results to date from drilling
on the main zone indicate a strike length of the mineralized zone of at least
1.2 kilometres a width of at least 350 metres and a depth of at least
200 metres. Grades of 1.5 g/t gold to 2.5 g/t gold over widths of 50 metres to
over 100 metres have been reported and the mineralization remains open in all
directions.
The planning and execution of the exploration programs on Acrex's Spanish
Mountain properties are under the supervision of Perry Grunenberg, P.Geo. of
P&L Geological Services. Mr. Grunenberg, is the Company's "Qualified Person"
for the Spanish Mountain Project for the purpose of National Instrument
43-101.
ACREX VENTURES LTD.
Per:
T.J. Malcolm Powell,
President
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this Release.
