CGW and Kokanee Placer to Share Test Leach Profits at Victoria Mine
12 Noviembre 2007 - 7:22AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (PINK SHEETS: CGWVF)(FRANKFURT: OUH)
reports that it has entered into an agreement with Kokanee Placer
(USA) Ltd. to test leach the remaining insitu oxide ore in benches
at the old open pit at the Victoria Mine, in Elko County,
Nevada.
CGW has agreed to fund the test mining operation and will
receive 50% of the profits after recovery of its set-up and
operating costs.
Kokanee has made arrangements with SGS Lakefield's Laboratories
to conduct bottle roll and column leach tests using the SXEW
(Solvent Extraction Electro Winning) process to test the
recoverability of the copper in the mineralization.
Following the successful outcome of this test, a bulk test
sample is planned with a designed capacity for up to 500,000
tons.
Since the operations will be developed on the patented ground
and will be a test mining situation, a spring 2008 start-up is
anticipated.
This operation will continue in parallel with CGW's funding of
its option to acquire 10% of the Victoria Mine and to classify the
historical below surface resource estimate of 1.5 million tons
grading 2.39% copper and 0.59 ounces per ton silver in accordance
with National Instrument 43-101.
The company has not yet completed the work necessary to
independently verify the classification of the mineral resource
estimates contained herein and is not treating those mineral
resource estimates as National Instrument 43-101 defined resources
verified by a qualified person. As such, the historical estimates
contained in this release should not be relied upon.
CGW is also pleased to announce that Kcrew Communications Inc.
has been retained to provide investor relations services for the
company commencing immediately (see contact information listed
below).
William Timmins, P.Eng, a Qualified Person under National
Instrument 43-101, has approved the contents of this News
Release.
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration
company with interests in Nevada - Dolly Varden Copper Gold claims
and the Victoria Copper Mine, British Columbia - Yeti Gold claims,
North West Territories - Drybones Diamond properties, Quebec -
Raglan Platinum Group Metal claims.
Souhail 'Abby' Abi-Farrage - President and Director
Consolidated Gold Win Ventures Inc.
We seek safe Harbor
Contacts: KCrew Communications Inc. (604) 678-8101 or Toll Free:
1-866-465-3616 Consolidated Gold Win Ventures Inc. Shareholder
Relations (778) 994-6453 Consolidated Gold Win Ventures Inc. Abby
Farrage (604) 671-4718 Consolidated Gold Win Ventures Inc. Souhail
'Abby' Abi-Farrage President and Director (604) 671-4718 Email:
moreinfo@v-cgw.com Website: www.v-cgw.com
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