Question Regarding the NR from the 22nd.
posted on
Oct 31, 2007 07:28PM
Confusion as Usual...is this it for Phase 1?
These are the holes we waited for all summer..."...DV-07-12, 13, 14 and 15 to address the structural complexity that is becoming apparent from the first three holes. Results from these drill holes are pending."
In the October 22 News Release it gives results for these holes.....here it is:
" 2007-10-22 19:06 ET - News Release
Mr. Abby Farrage reports
PHASE ONE DRILLING INTERSECTS NEW ZONE - ASSAYS SUGGEST CLOSE AFFINITY TO VICTORIA MINE GEOLOGY
Conslidated Gold Win Ventures Inc. is releasing some results from its drilling program around the discovery hole at its Dolly Varden claims, in Elko county, Nevada, and on its review of the Victoria mine similarities and the implications for continued exploration on the Dolly Varden property.
The similarities reviewed were found to exhibit properties consistent with the copper breccia skarn-type deposit found at the Victoria mine which shares a very close affinity with the geological setting at the Dolly Varden property. CGW is very appreciative to have access to information on the old Victoria mine and particularly with the insights it has revealed for the current and future exploration drilling programs.
Three main points have been illustrated from exploration work so far including: 1) the presence of garnets and similar alteration found associated with the mineralization mined by Anaconda; 2) the radiometric similarity associated with the Victoria mine extends from the current area of CGW's drilling to the east northeast (as indicated by the drilling reported below); 3) the similar initial sporadic mineral discovery of the Victoria mine mineralization which ultimately lead to the development of the larger and deeper mined zones of mineralization.
This last factor of increasing mineralization at depth is also being indicated at the Dolly Varden claims. More similarities are being suggested including the presence of a wide pyritic zone and porphyritic dikes at both the Victoria mine and the Dolly Varden property, that remain to be fully investigated.
A total of five holes were drilled from the two permitted set-ups to establish a directional strike of the mineralization intersected in DV-06-03. Two holes DV-07-12 and 13 were set to bracket DV-06-03 to the north and south while the other three holes set on the second permitted drill site were set further to the east to test the area under the trenches (DV-07-14 and 15) and projected extension of the mineralization in DV-06-03 (DV07-16).
DV-07-16 intersected the east-northeast extension of the mineralization -- from 417.0 to 437.0 at 0.20 per cent copper and 4.6 grams per tonne silver (0.13 ounce per ton) within a zone from 417.0 to 446.5 grading 0.14 per cent copper and 3.1 grams per tonne silver (0.09 ounce per ton).
The fact that the values in the hole that would be above this intersection (DV-07-13) are lower and the values of the deeper intersection in DV-06-03 are higher confirms that there is more mineralization at depth.
This hole intersected an upper zone that had not been seen before with low values of copper gold and silver. Given that the mineralization is increasing with depth and to the east-northeast, it could represent the top of the auriferous zone found in the trench above this intersection.
Both DV-07-12 and 13 had small zones of copper and other base metal mineralization and generally elevated molybdenum values
From To Width Copper Silver Zinc Molybdenum
DV-07-12 22.5 23.5 1.0 0.12% - - -
148.8 157.0 8.2 0.05% 0.5 g/t
308.0 313.0 5.0 - - - 0.04%
457.0 459.0 2.0 0.03% 3 g/t - -
618.0 619.0 1.0 0.55% 1 g/t - -
DV-07-13 472.5 473.5 1.0 0.21% 1.5 g/t
These zones are not reflected in any surface showing further reinforcing the implication that mineralization increases with depth.
Drill hole DV-07-14 was terminated in a fault zone before reaching its targeted depth. This fault zone is projected to be the same one that was intersected in DV-06-04. Again some small zones were intersected that are not seen at surface.
From To Width Copper Silver Zinc Molybdenum
DV-07-14 88.0 90.0 2.0 0.10% - - -
179.0 181.0 2.0 0.08 0.5 g/t 0.15% -
Drill hole DV-07-15 intersected what appears to be an unrelated new zone of mineralization:
From 587.0 to 593.0 0.17 per cent copper and 1.7 grams per tonne silver;
From 593.0 to 599.0 -- assays pending;
From 599.0 to 600.5 -- 0.45 per cent copper and 2.8 grams per tonne silver.
Again with no visible expression of mineralization at surface the suggestion of increasing mineralization at depth is reinforced.
With the amount of mineralization and alteration intersected in all the drilling to date and with two significant mineralized intersections in two holes (DV-06-03 and DV-07-16), this the first drilling ever completed on the property. The company is expecting to be able expand on these mineralized zones as it continues to drill at depth.
Michael Pound, who has diligently handled investor relations, has taken up further opportunities and is no longer affiliated with the company. The company thanks him for his efforts and wishes him well on his new ventures.
William Timmins, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release
We seek Safe Harbor."