Consolidated Spire Ventures Ltd. (Spire) is pleased to announce its plans for 2007 on the 100% owned 107.9 sq km Prospect Valley Gold Property located within the Spences Bridge Gold Belt, 35kms west of Merritt, BC, Canada.
The Prospect Valley Gold Property, located three hours driving time from Vancouver, is road-accessible from Merritt, BC, which is a regional transportation and supply centre. The property is in close proximity to good infrastructure and is located south of the large Highland Valley porphyry copper district and immediately west of the Craigmont iron-copper skarn deposit.
2007 PLANNED PROGRAMS
Technical compilation work to complete plans for a intensive 2007 field program;
Airborne geophysics survey (MAG & EM) over entire property;
Continuing sampling and trenching;
Continuing ground Magnometer surveys to complement field work programs in preparation for drilling;
Extensive deep drilling program targeting below the wide gold intercepts found in 2006 to test the potential for increasing gold grades at lower levels in the epithermal system;
Additional drill testing of other recently discovered gold targets.
2006 PROSPECT VALLEY GOLD PROPERTY SUCCESSES AND HIGHLIGHTS
Spire now holds 100% interest in the 107.9 sq. km. Prospect Valley Gold Property;
The property is part of newly recognized Spences Bridge Gold Belt;
The exploration target is a large open pit gold deposit;
The RM/RMX gold in soil anomaly is 3,500m x 400m and located in the centre of the property;
2006 Spring/Summer diamond drilling found significant gold mineralization associated with a regional thrust fault;
23 drill holes completed over 1.4kms on the RM/RMX gold zone the majority with gold mineralization;
PV hole RM2006-21 returned 1.57g/t Au over 45.7m @ including 9.54g/t Au over 1.5m.
(Drill highlights are available at www.spireventures.com);
Recent exploration has discovered possible extensions of the RM Zone to the north and southeast as well as a possible parallel zone to the east of the RMX Zone;
Numerous gold-in-stream sediment anomalies remain to be explored on the PV property.
About Consolidated Spire Ventures Ltd. Spire is actively exploring two projects: the Prospect Valley Gold Property near Merritt, British Columbia, Canada and the Campanario Gold-Silver Property, Oaxaca State, Mexico.
FOR INFORMATION OR INVESTOR RELATIONS
CONTACT THE COMPANY AT (604) 662-7455
WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
Brian Buchanan
President and Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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