VANCOUVER, Nov. 7 /CNW/ - Consolidated Gold Win Ventures Inc. (CGW TSX-V,
FRANKFURT - OUH, PINKS - CGWVF) ("Gold Win") reports it has received further
rock sampling results based on its initial geological mapping from its Dolly
Varden Claims in Nevada.
This rock sampling was undertaken to complete a surface profile to help
guide the proposed drill program. Most of the samples taken were grab samples
but in larger quantities (plus 1 kilogram). A thorough analysis is on-going
and will be integrated with the results from the proposed drill program but
some of the highlights of the 84 samples taken are encouraging.
The overall rock cover is limestone with the mineralization and
alteration in the area being postulated as related to a buried source. This is
confirmed by the 3D IP survey conducted this summer which shows a buried zone
about 250-300 feet wide associated with the 3000 foot long chargeability
anomaly between 200-500 feet depth and coming to surface in the north and
south. As well a resistivity anomaly is associated with a known zone of
mineralization, alteration and old mining pits approximately 2000 feet east of
this main zone. The mineralized outcrops are believed to be offshoots of this
mineralization that have made it to the surface.
Most definitively the north-most part of the IP chargeability where it is
suggested to come to surface corresponds to the area of the high grade copper
zinc and silver zones and an east-west shear structure. This area which will
be tested as Drill Area 3A and 3B was found in recent sampling to host not
only copper mineralization, but several gold values in two separate locations
(4.4 grams per tonne; 2.35 grams per tonne; 2.35 grams per tonne and 1.87
grams per tonne) with copper values generally around 1% (highest of 2.59% with
the high gold value) moderate silver values (4-9 grams per tonne) and
molybdenum values (Highest value 268 ppm isolated). Significantly the 3 other
drill areas proposed to test this SSW trending zone have offshoots of
mineralization with similar mineralization (see table below for composite
results from the areas).
As well, the resistivity area to the east (Drill Area 4) also is
mineralized with values of gold (0.481 grams per tonne; 0.187 grams per
tonne), silver (11.7 grams per tonne; 10.9 grams per tonne), copper (1.08%;
1.57%) and molybdenum (672 ppm). In addition, zinc values of 2.87% were found
in the most distal part of this zone (to the east) which conforms to the
zoning model for these types of mineralization.
<<
----------------------------------------------------------------------
Drill Area Au (ppm) Ag (ppm) Cu % (ppm) Mo (ppm)
----------------------------------------------------------------------
1 (800 ft.
South of
3A&B) 0.225 - 2.37 138
----------------------------------------------------------------------
2 (1800 ft S) 0.506 (0.255) 5.5 (2.0) (2460) 105
----------------------------------------------------------------------
5 (2300 ft S) No samples
----------------------------------------------------------------------
North of 5 &
east of 2 1.905 (0.517) 2.0 6.27 114
----------------------------------------------------------------------
Note: (ppm) is equivalent to (grams per tonne)
>>
The wide extent of mineralization and alteration, favourable geology and
co-incident IP anomalism is encouraging and has produced several excellent
drill targets.
At least 4-6 drill hole areas have had permits applied for and meetings
with the BLM have been conducted. Several drill companies have been contacted
to confirm availability for drilling this month.
Laurence Stephenson, P.Eng, a Qualified Person under National Instrument
43-101, has approved the contents of this News Release.
Listen to Laurence Stephenson, P.Eng discuss this and other CGW
properties by following link below:
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol(equal sign)V.CGW&edit
ion(equal sign)Aug2004
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company
with interests in the Northwest Territories - Drybones Diamond properties,
Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti
Gold claims, Quebec - Raglan Platinum group metals claims.
Further information can be obtained by contacting:
The TSX 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 periodic filings on SEDAR.
We seek Safe Harbor
