Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": OTC BB
VANCOUVER, April 15 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to announce that it has signed an agreement with Abitibi Geophysics of Val d'Or Quebec to complete an Induced Polarization (IP) survey on its optioned Don's Lake mineral property. The survey will involve completing 18 line kilometres of geophysical coverage on 100 metre spaced lines along the 7 km - long Don's Lake Shear Zone (DLSZ).
The DLSZ has been shown by litho-geochemistry to be prospective for gold and uranium mineralization. Previous exploration on the Don's Lake property has included VLF-EM and magnetometer surveys, geological mapping, litho-geochemistry, prospecting, and 20 diamond drill holes. Eight of the drill holes intersected the prospective shear zone. Among these eight holes, three holes intersected good gold grades within the DLSZ. These are DL 04-04 with 0.36 oz Au per tonne over 3.3 feet, hole Bam 88-12 with 0.566 oz Au per tonne over 3.6 feet and hole Fry-1 with 0.605 oz. Au per tonne over 0.4 feet.
In 1978 trenching by Urangesellschaft returned an assay of 0.136% U(3)O(8) and 0.117 oz/t gold across 6.6 feet from a trench located along the south side of the DLSZ.
The geophysical program will commence in early July and is expected to be completed by the end of July. It is anticipated that the survey will define targets for diamond drill testing later in the year.
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.