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Victoria Gold Corp VITFF

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


GREY:VITFF - Post by User

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Post by willexon Mar 05, 2007 8:53am
456 Views
Post# 12354644

CGW hits porphyry in Nevada, 600 ft -start surface

CGW hits porphyry in Nevada, 600 ft -start surface

Consolidated Gold Win Ventures Inc.: 2nd Major New Discovery at Dolly Varden Has Intersected 600 Foot Mineralized Intrusive at Depth-Drill Still Turning


VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- March 05, 2007 -- CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE: CGW)(PINK SHEETS: CGWVF)(FRANKFURT: OUH)

is pleased to report that an extensive mineralized intrusive has been intersected over a 600 foot length at depth with drill still turning.


Drill hole DV-07-11 that was drilled off of the same site as vertical drill hole DV-07-09 at a -65 degrees easterly direction to test the massive sulphide mineralization intersected in 09 has intersected a mineralized "granitic" intrusive.

The company's consulting geologist had predicted that this deeper "buried" porphyry type system existed by observation of the pervasive alteration and copper, gold and other metallic mineralization in the surface showings.

Drill hole DV-07-11 intersected the feldspar porphyry (similar to that found in DV-07-09, see web photos) at approximately 700 feet depth with 2-4% sulphides, then at approximately 800 feet depth the "granitic" intrusive was encountered, again with sulphides which continued to a depth of over 1200 feet where it increased in veining (calcite mainly from preliminary observation). The drill hole continued into altered and still sulphide mineralized marble but at approximately 1300 feet encountered more feldspar porphyry and then back into the "granitic" intrusive, all still mineralized.

The company has been in discussions with the drill company as to how deep the current drill can go as the drilling is already 400 feet past the maximum depth envisioned in the drill contract, and still going.

With over 600 feet (200 metres) of mineralized intrusive intersected that had no visible presence indicated on surface the company is eagerly anticipating the correlation of the deep 3D IP surveying that is ongoing with the current drilling program.

The discovery of this buried intrusive is suggesting that the mineralization encountered in every drill hole to date, the intersection of massive sulphide mineralization in DV-07-09, the copper zone reported in DV-06-03, 600 metres to the north and in DV-07-06 and 07, 600 metres to the east, could be all be related.

Drilling continues to delineate the mineralization.

William Timmins, P.Eng., a Qualified Person under National Instrument 43-101, has reviewed the contents of this News Release.

Listen to Laurence Stephenson, P.Eng., discuss this and other CGW properties by following link below.

/www.stockhouse.com/bullboards/wraplink.asp?url=www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW-*-edition=Aug2004"" target="_blank'">https://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Copper Gold claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.

We seek safe Harbor




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Contacts:
Consolidated Gold Win Ventures Inc.
Shareholder Relations
(778) 994-6453

Consolidated Gold Win Ventures Inc.
Abby Farrage
(604) 671-4718

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