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Various other elements were associated with some of the samples including; zinc (hundreds of ppm in all except lowest), lead, bismuth, arsenic, molybdenum and barium suggesting that a significant source to the over 300 feet of mineralization in the hole is still to be intersected. The first and second holes have been completely logged and over 110 additional samples have been sent to ALS Chemex’s laboratory in Elko, Nevada. Due to the amount of work the laboratory has, results are not expected till early in the New Year. This is the first drill hole ever completed on the property and has intersected the geophysical anomaly that extends from this northern part of the property a minimum of 3000 feet south. There are more intense chargeabilities south of this initial drill area that will be tested in the ongoing drill program. Drilling will resume in early January 2007. The Company also announces that it has appointed Mr. Kamal Alawas as Vice-President U.S. Operations. Mr. Alawas shall be responsible for the general management of operations in the United States and brings to the Company a wealth of experience and contacts in natural resource exploration. The Company announces that it has granted 575,000 stock options exercisable for a term of 5 years, which options shall have an exercise price based on the close of trading as of December 29, 2006. William Timmins, Geologist, 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=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 Gold Copper claims, British Columbia – Yeti Gold claims, North West Territories – Drybones Diamond properties, Quebec – Raglan Platinum Group Metal claims. Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 Or Abby Farrage @ 604-671-4718 Email: moreinfo@v-cgw.com Souhail ‘Abby’ Abi-Farrage - President and Director Consolidated Gold Win Ventures Inc. We seek safe Harbor
First Tranche of One Million Dollars Financing Completed by CGW President(VANCOUVER BC ) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS – CGWVF) reports that further to the previous announcement made on Dec 14, 2006 by Mr. Souhail ‘Abby’ Abi-Farrage, President and CEO of the Company confirming his intention to enter into a Private Placement Subscription Agreement with the Company (the "Agreement"), he has now completed the first tranche of 694,444 units at a recent 5 trading day average ending Dec 21 of 18 cents per share in a financing where under he has subscribed for a placement of common shares of the Company for an aggregate C$1,000,000. Under the Agreement, Mr. Farrage has agreed to subscribe to eight (8) bimonthly tranches of C$125,000 each, commencing December 15th, 2006. Mr. Farrage recently stated, “I plan this ongoing market-priced investment in Consolidated Gold Win Ventures to ensure the company remains adequately financed while pursuing its drilling and exploration programs for gold, copper and other minerals on its Dolly Varden property in Elko County, Nevada and CGW’s other properties.” The units shall comprise 1 common share and 1 share purchase warrant for the purchase of 1 further share exercisable at the price of $0.20 per share having a term of 2 years from the date of issuance. The placement common shares and warrants will be subject to certain mandated hold periods and resale restrictions and the certificates representing such Shares will be legended accordingly. Each of these bimonthly tranches will be subject to regulatory approval. About Consolidated Gold Win Ventures CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada – South Dolly Varden Gold Copper claims, British Columbia – Yeti Gold claims, North West Territories – Drybones Diamond properties, Quebec – Raglan Platinum Group Metal claims. Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 or Abby Farrage @ 604-671-4718 Email: moreinfo@v-cgw.com Web site: www.v-cgw.com
Souhail ‘Abby’ Abi-Farrage - President and Director
CGW Acquires New Claims at Dolly Varden(VANCOUVER BC ) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS - CGWVF) reports that it has acquired 11 new claims that abut the north boundary of the existing Dolly Varden Claims, in Elko County, Nevada. These claims lie immediately north and abut and over lap some, to the northwest of the current area of drilling and mineralization and, in conjunction with claims acquired earlier by staking, cover the immediate extension of the IP zone to the north. Geophysical surveying (magnetometer) is ongoing and preparations for 3D IP surveying early in the new year are being made. The 51% interest in the claims were acquired from the private company that optioned the original interest in the claims to CGW, for a total payment of $125,000 and 1.5 million shares, subject to regulatory approval. 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=V.CGW&edition=Aug2004 About Consolidated Gold Win Ventures Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 Email: moreinfo@v-cgw.com Souhail ‘Abby’ Abi-Farrage - President and Director
Drilling Dolly Varden Claims, Elko County, Nevada– Christmas Break(VANCOUVER BC) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS – CGWVF) reports that it has completed the second drill hole up dip from the first drill hole along the north boundary of the Dolly Varden Claims, in Elko County, Nevada. The third hole which will go under the first hole has been collared and partially completed prior to the drillers taking their scheduled Christmas Break. Drilling will resume in early January 2007. The first hole has been completely logged and samples sent to ALS Chemex’s laboratory in Elko, Nevada. Due to the amount of work the laboratory has, results are not expected till early in the New Year. Laurence Stephenson, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release. On behalf of the exploration team at Gold Win, I wish all a Merry Christmas and a Happy and Prosperous New Year. 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=V.CGW&edition=Aug2004 About Consolidated Gold Win Ventures Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 Email: moreinfo@v-cgw.com
One Million Dollar Financing by CGW President(VANCOUVER BC; ) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS – CGWVF) reports Souhail ‘Abby’ Abi-Farrage, President and CEO of the Company, has now confirmed his intention to enter into a Private Placement Subscription Agreement with the Company (the "Agreement") where under he will use commercially reasonable efforts to subscribe for a placement of common shares of the Company for an aggregate C$1,000,000. Under the Agreement, Mr. Farrage has agreed to subscribe to eight (8) bimonthly tranches of C$125,000 each, commencing December 15th, 2006. Mr. Farrage stated, “I plan this ongoing market-priced investment in Consolidated Gold Win Ventures to ensure the company remains adequately financed while pursuing its drilling and exploration programs for gold, copper and other minerals on its Dolly Varden property in Elko County, Nevada and CGW’s other properties.” The pricing of each bimonthly tranche will be based on the weighted average trading price of the Company's common shares for the last five consecutive trading days of before the 15th day of the month of that period. An equivalent number of warrants, priced at a 10% premium to the market will be issued at the same time. The placement common shares and warrants will be subject to certain mandated hold periods and resale restrictions and the certificates representing such Shares will be legended accordingly. Each of these bimonthly tranches will be subject to regulatory approval.
About Consolidated Gold Win Ventures CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada – South Dolly Varden Gold Copper claims, British Columbia – Yeti Gold claims, North West Territories – Drybones Diamond properties, Quebec – Raglan Platinum Group Metal claims. Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 or Email: moreinfo@v-cgw.com Souhail ‘Abby’ Abi-Farrage - President and Director We seek safe Harbor
December 12, 2006 First Hole Completed at Dolly Varden(VANCOUVER BC; ) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS - CGWVF) reports further on its drilling program on the Dolly Varden Claims, located southeast of Elko, Nevada. Its Consultant QP, Laurence Stephenson and Independent QP, William Timmins, visited the drill site late last week. They inspected and confirm the reported mineralization and the proper measures to ensure security of the samples prior to being picked up by the assay laboratory. The first hole was completed to a depth of 670 feet and the second hole on the same site was commenced this weekend. EnviroScientist’s Inc. who were responsible for the initial permitting have been contacted and are preparing documentation to amend the original permit for an additional 10 to 20 drill sites. The company has tripled its drilling budget in anticipation of the ongoing exploration programs. 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=V.CGW&edition=Aug2004 About Consolidated Gold Win Ventures Further information can be obtained by contacting: Shareholder Relations @ 778-994-6453 Email: moreinfo@v-cgw.com Souhail ‘Abby’ Abi-Farrage - President and Director
Dolly Varden Cores Reveal Extensive Visual Mineralization(VANCOUVER BC; December 5, 2006) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, PINKS - CGWVF) (“Gold Win”) reports on the drilling that has started on its South Dolly Varden gold copper claims in Elko County, Nevada. The first drill hole is nearing its extended target depth (originally 600 feet now over 700 feet) but has intersected several zones of altered mineralization that correspond to the predicted depth of the geophysical IP anomaly. This geophysical anomaly extends from the northern part of the property a minimum of 3000 feet south and is up to 600 feet wide. No core has been split for assay as yet but the amount and description of the visible mineralization requires reporting. The hole was collared drilling to the east-southeast at a dip of -70°. From the collar to approximately 178 feet depth limestone as found in the surrounding surface outcrops was encountered. From 178 feet to 192 feet a zone of intense oxidized and rusty pyrite was intersected, with a visual estimate of between 15-20% sulphides. From 230 feet to 275 feet a zone of intense rusty pyrite, jasperoid like material and clay epidote alteration is reported. From 350 feet to 425 feet heavy alteration with clay and other alteration minerals reported. At 437 feet the drill hole encountered a zone of mineralization and alteration that is currently being drilled at 545 feet. Within that zone are these zones: 440 feet to 480 feet fairly abundant azurite, malachite and chalcopyrite. 502 feet to 515 feet fairly abundant azurite, malachite and chalcopyrite including a 6 inch section of massive chalcopyrite. 515 feet to 525 feet jasperoid, rusty “rotten” broken core. 525 feet to 545 feet similar but skarn appearance and massive pyrite zones. The company stresses that no assays have yet been received from this drill core as this first drill hole is still continuing, but the presence of the azurite and malachite is confirmation of the presence of copper in the zone and are consistent with what has been reported from surface investigations and sampling. William Timmins P.Eng, a Qualified Person under National Instrument 43-101, has reviewed the contents of this News Release. Laurence Stephenson, P.Eng is the consulting Geological engineer that has prepared this news release. http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004 About Consolidated Gold Win Ventures Further information can be obtained by contacting:
We seek Safe Harbor
NOVEMBER Cons Gold Win Dolly Varden drilling gets under wayMr. Abby Farrage reports CONSOLIDATED GOLD WIN VENTURES INC.: DOLLY VARDEN DRILLING BEGINS Consolidated Gold Win Ventures Inc.'s qualified person -- Laurence Stephenson, PEng -- is on site and drilling has commenced at the company's south Dolly Varden gold/copper claims in Elko county, Nevada. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news. Cons Gold Win to begin drilling Dolly Varden propertyMr. Abby Farrage reports CONSOLIDATED GOLD WIN VENTURES INC.: DRILL CREW READY AT DOLLY-DRILLING TO COMMENCE Consolidated Gold Win Ventures Inc. has been informed by the drilling company that the drill has been moved to the Dolly Varden property this week in preparation for the commencement of drilling this weekend. The water usage from the near by Dolly Varden Spring has been acquired from the local rancher, and the backhoe and operator from Tooele, Utah, are preparing the drill sites and sumps at the initial locations. In anticipation of the drill program this weekend, Gold Win qualified person, Laurence Stephenson, will be meeting with the field team to initiate the drill program on site. The first zone to be tested will be where the QFP dikes have been traced to the area of the high-grade copper, zinc and silver zones (1,145 parts per million silver (33.57 ounces per tonne); and 347 parts per million silver (10.18 ounces per tonne), 2.67 per cent copper, 20.6 per cent lead; 1.49 per cent zinc; and 0.154 part per million gold and 9.34 per cent copper; 1.95 per cent lead; 2.21 per cent zinc and 0.116 part per million gold) in the north. It will also test the east-west shear structure associated with the mineralization, the ever-present dikes and a sharp flexure in the IP anomaly. The middle part of the IP zone where several mineralized outcrops of copper-rich mineralization have been found (2.02 per cent, copper and 3.9 parts per million silver; 0.81 per cent copper 190 parts per million molybdenum and 16.7 parts per million silver and 3.65 per cent copper, 190 parts per million uranium and 1.1 parts per million silver) approximately 2,000 feet south of the first zone, and the area alteration and copper mineralization (two grab samples reported 5.7 and 3.4 parts per million silver; 1.32 per cent and 0.535 per cent copper; 129 and 690 parts per million molybdenum, and 0.193 part per million and 0.134 part per million gold, respectively) on a resistivity high area approximately 2,500 feet southeast of the first zone will be tested next. The quartz feldspar porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly, and its association with the skarn and porphyry copper potential of the property will be tested in this drilling of the prolific Nevada basin area. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news. Cons Gold Win hires Kettle Drilling for Dolly VardenMr. Souhail Abi-Farrage reports CONSOLIDATED GOLD WIN VENTURES INC.: DRILL AND CREW CONTRACTED TO DRILL DOLLY Consolidated Gold Win Ventures Inc. has contracted the Kettle Drilling Company of Coeur d'Alene, Idaho, to drill Gold Win's Dolly Varden property and has instructed them to proceed to the property this week. Anticipating the commencement of drilling, Gold Win has put in place a field team to assist and monitor the drill program under the supervision of Laurence Stephenson (QP) and Glen Macdonald (PGeo and director). Through the efforts of its field team, access to water at the Dolly Varden Spring has been secured and a small backhoe, to prepare drill sites and drill sumps, has been moved on to the site. These arrangements to support the drill program will ensure an early start to the drilling. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release.
Cons Gold Win gets Dolly Varden drill permitMr. Abby Farrage reports CONSOLIDATED GOLD WIN VENTURES INC.: DOLLY VARDEN DRILL PERMIT ISSUED Consolidated Gold Win Ventures Inc. has received its permit to drill its Dolly Varden property. CGW has approval from the U.S. Department of the Interior Bureau of Land Management (BLM) to drill all six sites proposed for the initial drill program. The company is negotiating with several drill companies to secure a rig for drilling this month. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release.
Cons Gold Win samples up to 2.59% Cu at Dolly VardenMr. Blair Naughty reports WORK AT DOLLY VARDEN CONTINUES TO FIND COPPER MINERALIZATION Consolidated Gold Win Ventures Inc. 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-one kilogram). A thorough analysis is continuing 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 3-D induced polarization (IP) survey conducted this summer which shows a buried zone about 250 feet to 300 feet wide associated with the 3,000-foot-long chargeability anomaly between 200 feet to 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 2,000 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 per cent (highest of 2.59 per cent with the high gold value) moderate silver values (four grams per tonne to nine grams per tonne) and molybdenum values (highest value 268 parts per million (ppm) isolated). Significantly the three other drill areas proposed to test this south-southwest-trending zone have offshoots of mineralization with similar mineralization (see below for composite results from the areas). As well, the resistivity area to the east (drill area 4) also is mineralized with values of:
In addition, zinc values of 2.87 per cent were found in the most distal part of this zone (to the east) which conforms to the zoning model for these types of mineralization.
Note: (ppm) is equivalent to (grams per tonne) The wide extent of mineralization and alteration, favourable geology and coincident IP anomalism is encouraging and has produced several excellent drill targets. At least four to six 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, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release. SEPTEMBER Cons Gold plans drill program at Dolly VardenMr. Blair Naughty reports CONSOLIDATED GOLD WIN VENTURES INC.: WORK AT DOLLY VARDEN CONTINUES TO FIND COPPER MINERALIZATION Consolidated Gold Win Ventures Inc. has received initial geological mapping results from its Dolly Varden claims in Nevada. This mapping and the continuing rock sampling continue to outline the large size of the mineralization and alteration including the identification of the possible presence of electrum (a gold-silver mineral) near the area of the high-grade silver values. Prospecting has indicated that the mineralization in this area is intimately related to this zone and the induced polarization (IP) survey results. This area is slated to be tested by between two to four drill holes. The geological mapping has indicated that the eastern area (where significant amounts of copper mineralization are visible) could be underlain by a porphyry intrusive. This area is to be tested by at least two drill holes in the upcoming drill program. Mineralization associated with the porphyry dikes and the central portion of the IP anomaly was confirmed to be widespread and intense in part. At least four to six drill holes are being permitted in this area. In conjunction with the permitting process, several drill companies have been contacted to confirm availability for drilling this fall. The field crews currently based in the Yukon are preparing to move to the Yeti property. These crews will prepare the three to four drill sites that are being permitted for drilling once that process is complete. Rescan Environmental Engineering has been engaged to arrange the process. The Yeti property is a copper-gold prospect just north of the developing Nova Resources' Galore Creek property that is attracting the interest of majors. Laurence Stephenson, PEng, a qualified person under National
Instrument 43-101, has approved the contents of this news release.
Consolidated Gold Win expands Dolly Varden area
Mr. Blair Naughty reports CGW ACQUIRES ADDITIONAL CLAIMS AT DOLLY VARDEN EXTENDING MINERALIZATION TO 6,000 FEET Consolidated Gold Win Ventures Inc. has acquired 14 more claims to the north and south of its Dolly Varden claims in Nevada, extending the existing mineralized geology for a total of 6,000 feet. In conjunction with the completed geological mapping and continuing rock sampling on the property, four additional claims abutting the main property to the northeast and 10 additional claims to the immediate south were 50 per cent acquired by option from Rainbird Resources of Las Vegas, Nev. Consideration of $50,000 and one million shares was paid with a $500,000 work program over three years, subject to regulatory approval. The extending of the existing mineralized geology for another 3,000 feet to the south and the increase in base metals (lead and zinc) is consistent with that of the zoning of mineralization associated with classic eastern Great basin district deposit of base and precious metals intruded by Cretaceous auriferous magmas (gold, molybdenum and silver) to the east and west of the Dolly Varden property. Both properties have been acquired to cover the extension of the 3,000-foot-long induced polarization (IP) anomaly identified earlier this year. Grab samples taken at the south end of this new claim group have revealed silver, lead, zinc and gold values. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news.
Cons Gold Win posts bond to drill Dolly Varden
Mr. Blair Naughty reports CGW POSTS BOND FOR DRILLING DOLLY VARDEN Consolidated Gold Win Ventures Inc. has posted the bond required for drilling the Dolly Varden claims in Nevada as directed by the Bureau of Land Management. The company has completed geological mapping and has mobilized a rock sampling crew to the property to follow up on the geologist's recommendations for detailed sampling, prior to drill testing. At least four, and possibly five phases of porphyry dikes have been identified in a zone, about 250 to 300 feet wide associated with the 3,000-foot-long induced polarization (IP) anomaly, with scattered jasperoid lenses along the flexures, which appear to bisect the zone. This zone of dikes has been traced to the north to the area of the high-grade copper zinc and silver zones. Significantly an east-west shear structure at that point, appears to be associated with the mineralization, the ever-present dikes and a sharp flexure in the IP anomaly which parallels it. The IP anomaly continues to the east, so the identification of the shear structure suggests the zone of mineralization associated with the IP is of a greater extent then initially interpreted. The proposed drill sites will test the IP anomaly at these various zones of mineralization and dikes. Further drill holes to test this new feature to the west may be warranted. The rock samplers will be taking samples from some of the identified mineralized zones in a detailed quantified manner to specifically follow up on the grab samples that revealed high values (1,145 parts per million and 347 parts per million silver) at the northern end of the IP zone, as well as where the IP anomaly in the central portion is associated with several mineralized outcrops of copper (2.02 per cent, copper and 3.9 parts per million silver; 0.81 per cent copper, 190 parts per million molybdenum and 16.7 parts per million silver and 3.65 per cent copper 190 parts per million uranium and 1.1 parts per million silver), the jasperoids and the dikes. This geology is consistent with that of the skarn-type mineralization associated with Battle Mountain's Fortitude gold deposit as a classic eastern Great basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, but this recent mapping has also identified affinities to the large porphyry Bingham Canyon copper (gold-molybdenum-silver) deposit approximately 100 miles to the east. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release.
Cons Gold Win Ventures to raise $1.1-million privately
Mr. Abby Farrage reports Consolidated Gold Win Ventures Inc. has entered into a private placement for the sale of 10 million units at 11 cents per unit, for a total of $1.1-million. Each unit consists of one common share and one share purchase warrant of the company. The share purchase warrant will have a two-year term for the purchase of one further common share of the company at an exercise price of 13 cents per share. This private placement will comprise six million flow-through shares and flow-through warrants, and four million non-flow-through shares and non-flow-through warrants. The maximum allowable finder's fee in shares, cash or a combination of both will be payable. The proceeds of this private placement will be used for exploration
and working capital.
AUGUST Cons Gold Win samples up to 14,340 ppm Au-Cu at YetiConsolidated Gold Win Ventures Inc (C:CGW) Mr. Blair Naughty reports CONSOLIDATED GOLD WIN VENTURES REPORTS PRE-DRILLING AT YETI GOLD CLAIMS - NORTHERN BC Consolidated Gold Win Ventures Inc. has completed its initial summer work on the Yeti claims area as the company continues the evaluation of the gold and base metal showings on those claims. The company is proceeding with permitting for at least three drill sites to test the main, Comfort and Wolf zones which are along a north-northeast-trending three-kilometre mineralized structural zone within the Stuhini group of volcanics and sediments. These three zones have returned values of gold and copper in grab samples (up to 74,000 parts per billion (74 grams per tonne) gold and copper values up to 14,340 ppm (1.4 per cent); over 10,000 ppm copper (greater than 1 per cent) with trace gold; and 487 ppb (0.5 g/t) gold and 3,409 ppm (0.34 per cent) copper respectively) with most of the work being completed on the central main zone. The Comfort zone, of breccia-quartz stockwork and serpentine-talc at the south end of the main zone and similar Wolf xone of quartz carbonate stockwork bracket the Main zone and have been less intensely explored. Quartz carbonate alteration continues to the northeast associated with a porphyritic diorite dike to a possible fourth drill site area. This intrusive associated with the fourth drill site area to the north and the reported intrusive just south of the Comfort zone are both believed to be part of the Nightout granodioritic Pluton which is associated with the late Triassic intrusive suite into the Stuhini Group and which gave rise to the Galore Creek deposit 42 kilometres to the south. In the Main Zone, "ladder veins" occur between two or more north trending veins up to two metres in width and in conjunction with a strong gossanous carbonate altered zone (the Wolf zone and north drill site area), has shown the veins to be highly enriched in gold. Select grab samples from the Main zone returned have returned the highest values to date of 515,000 ppb (14.9 ounces per ton) gold, 697.2 ppm (20 ounces per ton) silver and 27,244 ppm (2.7 per cent) copper. The company feels that the planned exploration program, which will include site preparation for drilling expected to commence early this fall, will enhance the current knowledge of this extensive area of mineralization. The association of volcanics, sediments and intrusives is significant as some of the area's largest and most significant deposits exhibit similar traits. The volcanogenic massive sulphide Eskay Creek property, 102 km southeast includes several deposits of polymetallic sulphide mineralization as both exhalative massive sulphides and discordant veins, transitional between subaerial hot spring Au-Ag deposits and deeper water exhalites and the alkalic porphyry copper-gold deposits within the Galore Creek area are hosted primarily by highly altered potassium-enriched volcanic rocks and pipe-like breccias adjacent to dikes and stocks (intrusives) which have intruded with the Stuhini Group rocks. The assay results reported herein are from earlier assessment files and predate the implementation of National Instrument 43-101 standards. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release. A discussion on this and other CGW properties by Mr. Stephenson, PEng, is available on-line.
Consolidated Gold Win begins South Dolly Varden mappingConsolidated Gold Win Ventures Inc (C:CGW) Mr. Souhail Abi-Farrage reports CONSOLIDATED GOLD WIN REPORTS PRE-DRILLING AND GEOLOGICAL MAPPING DETAILS OF QFP DYKE AND MINERALIZATION AT NEVADA GOLD AND COPPER PROPERTY Consolidated Gold Win Ventures Inc. has started the predrilling geological mapping of the South Dolly Varden gold/copper claims in Elko county, Nevada. This mapping is to facilitate a resolution of the zones of mineralization outlined by the surface geochem and rock samples, and the 3,000-foot delineated coincident induced polarization (IP) anomaly with what is intersected in the diamond drill core holes which are currently being permitted. The proposed drill sites that were located to test the IP anomaly were adjacent to various zones of mineralization including some of the high-grade copper, zinc and silver zones, which are being detailed by the geological mapping. Specifically the grab samples with 1145 parts per million silver (33.57 ounces per tonne) and 347 parts per million silver (10.18 ounces per tonne) (2.67 per cent copper; 20.6 per cent lead; 1.49 per cent zinc and 0.154 part per million gold; and 9.34 per cent copper; 1.95 per cent lead; 2.21 per cent zinc and 0.116 part per million gold, respectively), which are located on the northern end of the IP zone will be targeted. As well, where the IP zone comes to surface, toward the south end of the IP anomaly, several mineralized outcrops of copper rich mineralization have been found. Three grab samples (2.02 per cent, copper and 3.9 parts per million silver; 0.81 per cent copper, 190 parts per million molybdenum and 16.7 parts per million silver; and 3.65 per cent copper, 190 parts per million uranium and 1.1 parts per million silver) were reported from that area. A farther east drill site testing an area of reported alteration and copper mineralization (two grab samples reported 5.7 and 3.4 parts per million silver; 1.32 per cent and 0.535 per cent copper; 129 and 690 parts per million molybdenum; and 0.193 part per million and 0.134 part per million gold, respectively) is located on a resistivity high area approximately 2,000 feet east of the main IP zone. The geological mapping has identified a quartz feldspar porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly. QFP's are associated with the skarn and porphyry copper deposits of the Nevada basin area. Permitting is progressing and drilling of the extensive zones of mineralization this fall is anticipated. The Dolly Varden area is recognized as a classic eastern Great Basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle Mountain Fortitude skarn gold-type of deposit in east-central Nevada. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news.
Consolidated Gold Win to obtain drilling permitsCONSOLIDATED GOLD WIN NEVADA GOLD AND COPPER PROPERTY EXPLORATION UPDATE -- ELKO COUNTY, NEV. Consolidated Gold Win Ventures Inc. has contracted Enviroscientists Inc. of Reno, Nev., to file and obtain drilling permits on its South Dolly Varden gold-copper claims in Elko county, Nev. This is in anticipation of obtaining the drilling contract to drill an estimated 5,000 feet (1,650 metres) to test the zones of mineralization outlined by the surface geochemical and rock samples and their coincident induced polarization anomaly. The drilling is expected to commence early this fall. The company's consultant is currently on-site marking the initial five drill sites which will be designed to test the over 3,000-foot-long geophysical anomaly associated with surface exposures of the skarn and intrusive-related copper-gold and molybdenum mineralization. With the geological mapping and sampling program, this detailed exploration will evaluate the extent of mineralization on this property. The Dolly Varden area is recognized as a classic eastern Great basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle-mountain-fortitude-skarn-gold type of deposit in east-central Nevada. Pursuant to the option agreement between the company and Snowfield Development Corp. dated April 21, 2006, the company, due to the irreconcilable differences in what Snowfield promised to deliver and what it delivered, due to the withholding of results and due to the company's serious reservations about the management of the project, gave its notice to abandon and not proceed with the agreement. However the company, after conferring with its attorneys, reserved the right to seek damages, on any future discovery related to its good-faith expenditures, the results of which have not been disclosed in a timely manner. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release.
JULY CONSOLIDATED GOLD WIN VENTURES EXPRESSES RESERVATIONS FOR THE MANAGEMENT OF MUD LAKE JVMr. Blair Naughty reports Subsequent to the news releases last week by Consolidated Gold Win Ventures Inc. and Snowfield Development Corp., Gold Win would like to further clarify the company's position with respect to the Mud Lake exploration and development program that it has financed entirely through direct and private contributions of $625,000. The company is reluctant, in the best interest of its shareholders and the shareholders of Snowfield, to advance further funds until several deficiencies and material facts are corrected. A schedule of specific milestones and targets to be reached was attached to the agreement between Gold Win and Snowfield to ensure that a continuity of exploration and development would be maintained. This included completing as soon as possible, the drilling of the Mud Lake sill. The rationale for this drill program was to obtain caustic fusion results from the drilling in a timely manner so that the proposed bulk sample test would be completed in the right area and to guide further definition of the Mud Lake sill and exploration of the property. In addition, the mining of the bulk sample was to be completed. Unfortunately, to date, only the drilling has been completed and only the results and analysis of the first batch of caustic fusion core samples have been received from Kennecott's Thunder Bay Laboratory (see results below received on Friday, July 14, 2006) after direct contact with the laboratory by Gold Win. According to the dates on the lab tables these results were completed on June 26, 2006. Caustic fusion analysis should only require a maximum of three to four days to complete and to date, Snowfield has yet to release these results. Even though Gold Win has financed the drilling and the analysis entirely, Gold Win has been restricted directly, by Snowfield, in obtaining the second batch of caustic fusion core sample results and analysis from the lab which were available on Friday, July 21, 2006. Information is typically supplied by the lab to both parties simultaneously. And further it is the duty of the parties to disseminate this information to their shareholders with expedience. Withholding information will have drastic ramifications. The company has also learned that even though as part of the agreement the bulk sample was to be mined by the end of May, permits have not been obtained and furthermore the possibility of obtaining a permit and completing the bulk sample this year is in doubt. It has also come to the attention of the company that the underlying purchase agreement for the mineral claim of the Mud Lake sill could be in default and Snowfield's actions with respect to this agreement could be an encumbrance to that underlying agreement. Consolidated Gold Win Ventures Inc. is reviewing with its legal counsel, the steps necessary to enforce its rights under the agreement so that informed and efficient decisions on the further exploration and development activities of the Mud Lake project can be made. Abbreviated schedule of specific milestones Two major aspects of the program with several milestones were outlined; the drilling to obtain as much kimberlitic drill core for diamond analysis; and the obtaining of at least 100 tonnes of kimberlite material from the small open pit area. For the drilling For the smaller drill on site with a single shift with a capacity of one to three holes with smaller core per week:
A second drill from Titan fully shifted and will be drilling
NQ core. Production of one hole per two shifts is forecasted.
It is expected that this drill will be the main producer of kimberlite
core.
The foregoing program should include an additional five drill holes on known exploration targets. To help plan this, the till samples taken (last year) shall be processed immediately.
For the mini-bulk sample Equipment has been purchased and is being transported to the property this week. David R. Smith is overseeing this work. It is expected that the full sampling effort will be under way by April 8. Due to the weather conditions the sample will for the most part have to wait till the lake clears for barging in June or July. However, it was discussed seriously, to arrange a four- to five-tonne sample to be helicoptered out as soon as possible.
Processing of the samples is critical and the drill core should be sent out as soon as possible -- whole kimberlite core.
The goal is to have the drilling complete and processing started by the end of April, with the first analysis by the May 15. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news.
Accredited to ISO/IEC 17025 for specific registered tests. The quality of microdiamond extraction and selection from rock samples (methods 1 and 3) is subject to monitoring through a rigorous internal quality assurance/quality control (QA/QC) scheme. Microdiamond recovery is calculated for at least one sample in every batch. One batch consists of up to 25 samples, depending on individual sample weights. Therefore, at least 10 per cent of samples are quality control samples. Processing and selection at the laboratory extracts, on average, equals 96.36 per cent ((plus/minus) 4.30-per-cent expanded uncertainty at the 95-per-cent confidence limit) of all contained microdiamonds.
Accredited to ISO/IEC 17025 for specific registered tests. The quality of microdiamond extraction and selection from rock samples (methods 1 and 3) is subject to monitoring through a rigorous internal quality assurance/quality control (QA/QC) scheme. Microdiamond recovery is calculated for at least one sample in every batch. One batch consists of up to 25 samples, depending on individual sample weights. Therefore, at least 10 per cent of samples are quality control samples. Processing and selection at the laboratory extracts, on average, equals 96.36 per cent ((plus/minus) 4.30-per-cent expanded uncertainty at the 95-per-cent confidence limit) of all contained microdiamonds. This report refers to samples processed as received. This report may not be reproduced except in full, without written permission of the Mineral Processing Laboratory. CERTIFICATE OF ANALYSIS
Octacarat weights calculated using the following formula: Accredited to ISO/IEC 17025 for specific registered tests. The quality of microdiamond extraction and selection from rock samples (methods 1 and 3) is subject to monitoring through a rigorous internal quality assurance/quality control (QA/QC) scheme. Microdiamond recovery is calculated for at least one sample in every batch. One batch consists of up to 25 samples, depending on individual sample weights. Therefore, at least 10 per cent of samples are quality control samples. Processing and selection at the laboratory extracts, on average, equals 96.36 per cent ((plus/minus) 4.30-per-cent expanded uncertainty at the 95-per-cent confidence limit) of all contained microdiamonds. We seek Safe Harbor. CONSOLIDATED GOLD WIN VENTURES INC. - CORE SAMPLES ANALYSIS CONFIRM MUD LAKE KIMBERLITE PROSPECT DIAMONDIFEROUSMr. Souhail Abi-Farrage reports Consolidated Gold Win Ventures Inc. has received the core sample analysis from Kennecott's Thunder Bay laboratory results on Friday, July 14, 2006, after directly contacting the laboratory. A total of 12 microdiamonds were recovered from five of the 10 holes with several holes having multiple microdiamond counts. A total of 190 kilograms of core was processed. This represents a three-fold increase in the original sample that Snowfield sent in (three microdiamonds and one macrodiamond) earlier this year from a 65-per-cent increase in sample size. Further enhancement of the results is obvious when the non-diamondiferous sample weights are excluded. The distribution of the microdiamonds along the easternmost edge of the kimberlite sill suggests a distributional pattern that could be indicative of the source of this sill. To further enhance this pattern and validate it, the company needs the results of the second batch of core samples submitted for analysis and which intersected wider zones of kimberlite to the west.
Gold Win is encouraged by these results in that they confirm that the sill is diamondiferous and a specific zonation pattern which could lead to higher concentrations of diamonds is being indicated. The Mud Lake kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, Northwest Territory, and is underlain by the South Slave craton which hosts all the currently producing Canadian Diamond mines. Gold Win expects to receive the results from the second batch of core samples early next week. The Mud Lake kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, and is underlain by the South Slave craton which hosts all the currently producing Canadian Diamond mines. Gold Win has also now completed the 3-D induced polarization (IP) survey mapping on its South Dolly Varden gold/silver/copper claims in Elko county, Nevada. Drill permitting is continuing at present and the first upcoming drill program is intended to explore targets associated with high-grade surface samples which returned values of up to 1,145 parts per million silver (33.57 ounces per ton), 9.34 per cent copper and 20.2 per cent zinc as well gold values of 2.62 grams per tonne. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news release. We seek Safe Harbor. CONSOLIDATED GOLD WIN STILL INVOLVED IN DIAMONDIFEROUS MUD LAKE PROSPECTMr. Blair Naughty of Consolidated Gold Win reports Consolidated Gold Win Ventures Inc., contrary to the Snowfield Development Corp. news issued in Stockwatch dated July 19, 2006, is not in default. This position is held by and will be vigorously defended pursuant to the option agreement between the company and Snowfield dated April 21, 2006, and Snowfield Development's letter dated July 13, 2006, as well Consolidated Gold Win Ventures' lawyer's letter of June 30, 2006, and the summary of the meeting of July 5, 2006, by Laurie Stephenson and Robert T. Paterson. The July 5 summary noted that an extension of time due to the delays outlined in the CGW letter was required and that Snowfield Development was reviewing the timeline with respects to what was necessary and the outlined expenditure budget going forward. These delays involved: drilling areas that were lower priority instead of the areas of kimberlite sill; delays in shipping samples of kimberlite to the laboratory, delays in responding to the laboratory's request for instructions; and finally delays in submitting the amended bulk sample permit application to the appropriate regulatory agencies. All these delays contributed to at least a one-month delay in obtaining results and in the case of the bulk sample whether it will be completed this summer. The apereas predicated on the receipt of the final results from Kennecott's Thunder Bay Laboratory. These results were not received by Abby Farrage, president of Gold Win, until Friday, July 14, 2006, after he contacted them directly. Consolidated Gold Win Venture Inc. put on record in the CGW letter several deficiencies it observed in the performance by Snowfield Development of the agreement, on June 29, 2006, in particular, s.1.3 (last paragraph) and Schedule C (referred herein as the plan) and s.7.1 of the agreement, that it considers material to the intent of the agreement and the advancement of funds for completion of the exploration in a diligent and expeditious manner. Some of these deficiencies remain uncorrected (to wit: the bulk sample plan and timetable and the approval of an amended plan by the MVLWB), which will further complicate the plan's timely completion. Gold Win has advanced $250,000 directly to Snowfield Development Corp. to finance the exploration and maintenance of the claims outlined in the agreement, but also Gold Win has arranged for an additional $325,000 to be advanced privately, through the facilities of its president, Abby Farrage. These funds have been provided to expedite the 2006 winter drill program which would not have been conducted if the companies had waited for the finalization of the regulatory process. Consolidated Gold Win Ventures Inc., in the spirit of co-operation and co-operatorship contemplated under the agreement, is reviewing the results with its technical consultants and the budget provided by Mr. Paterson last week. CGW will call a management committee meeting once that review is completed, to make decisions on the further exploration and development activities of the Mud Lake project. The Mud Lake kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, NWT, and is underlain by the South Slave Craton, which hosts all the currently producing Canadian diamond mines. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news. We seek Safe Harbor. SNOWFIELD GIVES DEFAULT NOTICE TO CONSOLIDATED GOLD WINMr. Robert Paterson of Snowfield reports On July 14, 2006, Snowfield Development Corp. delivered a notice of default dated July 13, 2006, to Consolidated Gold Win Ventures Inc. with respect to the Drybones No. 4 mineral claim option agreement, dated April 21, 2006, between Snowfield and Gold Win. Under the terms of the option agreement, Snowfield granted Gold Win an option to earn 49.5 per cent of the 80-per-cent interest Snowfield can earn in the Drybones No. 4 mineral claim pursuant to the David Smith agreement, which amounts to a net 39.6-per-cent interest in the Drybones No. 4 mineral claim available to Gold Win. The Drybones No. 4 mineral claim constitutes approximately 6 per cent of Snowfield's Ticho diamond project located near Drybones Bay, Great Slave Lake, NWT, approximately 50 kilometres southeast of Yellowknife, NWT, in the Archean Slave geological province and covers the Mud Lake kimberlite sill, discovered by Snowfield in the winter-spring of 2003, which has proven to be diamondiferous (NR06-04) and is now being bulk sampled to further quantify the commercial potential of the structure. Snowfield currently holds an option to earn an 80-per-cent interest in the Drybones No. 4 mineral claim pursuant to an agreement with David Smith of Yellowknife, NWT, dated Nov. 26, 2002, as amended April 30, 2004, and Jan. 31, 2006. Under the terms of the option agreement, Gold Win would earn the net 39.6-per-cent interest in the Drybones No. 4 mineral claim in consideration of:
Under the first stage of the option agreement, Gold Win was to make a cash option payment to Snowfield of:
Snowfield's letter of default notice to Gold Win stated, amongst other things, that:
CONSOLIDATED GOLD WIN NEVADA GOLD AND COPPER PROPERTY EXPLORATION UPDATE - ELKO COUNTY, NEVADAConsolidated Gold Win Ventures Inc. has completed the 3-D induced polarization (IP) survey mapping on its South Dolly Varden gold copper claims in Elko county, Nevada. The preliminary IP results show that the near-surface response, reflecting the scattered veins and mineralization noted in the preliminary geological mapping, melds into a distinctive large chargeability anomaly at depth. Co-relation of rock and soil samples taken earlier is good with several mineralized outcrops directly above the chargeability anomaly at depth. A review of the 59 grab rock samples taken outlined several anomalous molybdenum analyses (100-parts-per-million range with one associated with the high-grade silver sample of 1,305 parts per million Mo) and anomalous values in uranium (three samples had 190, 160 and 130 parts per million U) all associated with the high-grade copper and zinc grab samples (up to 9.34 per cent copper and up to 20.2 per cent zinc). The association of minerals requires further investigation but suggests that the source of the mineralization is quite metaliferrous. This work has been designed to delineate specific drill targets in the skarn and intrusive related mineralization that is analogous to the Fortitude type of gold deposit in east-central Nevada. With these initial results, a further geological mapping and sampling program has been initiated. Specific drill targets are being selected from the IP data and the drill permitting process has been commenced. The Dolly Varden area is recognized as a classic eastern Great basin district with base and precious metals associated with upper Paleozoic sediments intruded by Cretaceous auriferous magmas, which is a similar geological setting to the Battle Mountain fortitude skarn-gold-type of deposit. The company is awaiting the caustic fusion diamond analysis by Kennecott's Thunder Bay, Ont., laboratory of this winter's drilling on the Drybones Bay area Mud Lake diamondiferous kimberlite. Laurence Stephenson, PEng, a qualified person under National Instrument 43-101, has approved the contents of this news. We seek Safe Harbor. CONSOLIDATED GOLD WIN NOW TRADING ON PINK SHEETSConsolidated Gold Win Ventures Inc. has been informed by its sponsoring market-maker that Form 15C-211 has been filed with the National Association of Security Dealers (NASD) and, consequently, trading has begun on the pink sheets electronic quotation and trading system. The successful filing of Form 15C-211 means that the company's U.S. market-maker is now permitted to engage in active quotation on behalf of the company by using the pink sheets electronic quotation and trading system. Consolidated Gold Win Ventures is very excited to have been able to facilitate easy access for U.S. investors interested in the company. The company looks forward to advancing its current exploration projects and progressively building greater value for its shareholders by continuing to enhance its corporate profile in North America and in Europe. We seek Safe Harbor. JUNE KIMBERLITE QUEST CONTINUES(VANCOUVER BC; June 15, 2006) CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V) (“Gold Win”) and Snowfield Development Corp. (“Snowfield”) report till samples collected previously by Snowfield and processed by funds advanced from Gold Win have reported significant numbers of “Kimberlite Indicator Minerals” (KIM’s) from an area to the northeast (up ice) of the Mud Lake Diamondiferous Kimberlite which was tested this winter by drilling. These results in the range of hundreds of KIM’s (tabulated below), are found in good basal till samples along three somewhat parallel north-northwest laid out sample lines approximately 200 to 300 metres separation. They are located north and east of Mud Lake and west of “Half Moon” Lake and reflect a different “train” source than that which lead to the discovery of the Mud Lake Diamondiferous Kimberlite. However the number of KIM’s are consistent with samples taken down ice (ice direction is south-southwest) of that diamondiferous sill. Further sampling is ongoing. This year’s entire kimberlite diamond drill core comprised of two batches weighing 250kg and 140 kg respectively is now at Kennecott’s Thunder Bay Ontario Laboratory for diamond processing by caustic fusion. These drill core samples, along with the mini-bulk sample currently being taken, will add further comprehension of the area’s kimberlite occurrences.
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