VANCOUVER, March 8 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX- V) is pleased to announce that drill permitting to complete 3000 feet of drilling on the areas related to known gold and copper mineralization has been initiated. CGW has recently completed soil grid lines and preliminary geological mapping on its South Dolly Varden gold copper claims in Elko County, Nevada. The work was designed to assist in delineating specific drill targets in the skarn and intrusive related mineralization that is analogous to the Battle Mountain Fortitude type of gold deposit in east central Nevada. Initial results are being collated and further results from the sampling program which correspond to the areas of known and suspected mineralization will be available before the end of the month. The South Dolly Varden gold claims are located in the Dolly Varden district, southeast of Elko, Elko County, Nevada. The area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas. The 18-claim South Dolly Varden property is adjacent to the Victoria mine, which operated in the 1970s and 1980s producing over 24 million pounds of copper and the Dolly Varden property which produced gold and copper. Work done previously by Noranda reported significant values of copper (up to 1.3 per cent) and gold (up to 4.27 grams per tonne), in grab samples, related to gold-copper porphyry and/or skarn system associated with felsic intrusive dikes. Further sampling and a detailed Induced Polarization (IP) survey is being planned. Data review and interpretation is ongoing to complete this current program of geological mapping, systematic rock sampling and IP geophysical surveying prior to and in aid of selecting favourable drilling locations on the property as well as satisfying Nevada regulatory permitting requirements. The permitting process is expected to take approximately 2 months to complete. Drilling is anticipated to commence by late May. Laurence Stephenson, P. Eng., a Qualified Person under National Instrument 43-101, has approved the contents of this News Release. Souhail 'Abby' Abi-Farrage, President and Director Consolidated Gold Win Ventures Inc. Vancouver, BC Email: moreinfo(at)v-cgw.com The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the company's quarterly filing with the SEC and other period filings.
