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AXVEF CDN Maverick Capital Corporation (QB)

0.1038
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CDN Maverick Capital Corporation (QB) USOTC:AXVEF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.1038 0.079 0.135 0.00 21:00:17

ACREX COMMENCES DIAMOND DRILLING ON ITS SPANISH MOUNTAIN GOLD PROPERTY

13/09/2010 2:00pm

PR Newswire (US)


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Symbol "AKV": TSX Venture Exchange

VANCOUVER, Sept. 13 /PRNewswire-FirstCall/ - Acrex Ventures Ltd. ("Acrex") is pleased to announce diamond drilling has commenced on its Spanish Mountain gold property, located near Likely, British Columbia. Acrex has contracted Atlas Drilling Ltd. of Kamloops for the completion of up to 1,500 metres of drilling.

The program is being carried out on Acrex's West Block claims where soil sampling outlined a 1200 metre long by 400 metre wide zone of greater than 100 ppb gold in soils, including isolated values to 1000 ppb (see Acrex News Release dated August 23, 2010). This zone extends from Spanish Mountain Gold's (SPA) main zone northwestward across the Acrex Property to Tiex Inc.'s nearby gold discovery. Acrex's airborne geophysical survey shows that an electromagnetic (EM) anomaly coincides with the identified strong gold-in-soil zone. All of the September 2010 drilling is designed to test this targeted trend.

Acrex is conducting core logging and sampling at a facility located in Likely, BC. Samples will be shipped to a laboratory in Vancouver for analysis. All work will be completed under the supervision of Perry Grunenberg P.Geo, PBG Geoscience, of Kamloops, BC. Mr. Grunenberg is the Company's supervisor for the Spanish Mountain Project and "Qualified Person" for the purpose of National Instrument 43-101.

Mr. Malcolm Powell, President of Acrex, states that "We're anxious to get back to drilling on the Spanish Mountain property. The recent soil geochemical sampling has produced some very positive results, and combined with the airborne geophysics, has outlined very interesting targets for follow-up drilling. With approximately $1.4 million in the treasury, Acrex is well funded for continued work on its properties, including the Spanish Mountain property 2010 drilling program."

    ACREX VENTURES LTD.
    T.J. Malcolm Powell,
    President

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

SOURCE Acrex Ventures Ltd.

Copyright . 13 PR Newswire

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