Cons Gold Win Likes the Look of South Dolly Varden Core

Vancouver — Before even finishing the first drill hole on its South Dolly Varden gold-copper project in Elko Cty., Nev., Consolidated Gold Win Ventures (CGW-V, CGWVF-O) felt compelled to share visual observation of the mineralization in the core, triggering strong trading volume and a rally in its share price.

Several zones of altered mineralization visible in the core have been reported with the hole nearing its extended target depth of over 210 metres. The zones appear to correspond with the predicted depth of an induced-polarization (IP) geophysical anomaly that extends at least 900 metres north-south and up to 180 metres in width.

Visible in the un-split core, the company found:

* from about 54.3 metres down-hole, 4.2 metres of core exhibiting intense oxidation and rusty pyrite estimated (on visual inspection) to be 15-20% sulphides;

* a 14-metre section of core, from about 70 metres depth, showing intense rusty pyrite, a jasperoidal material and clay epidote alteration;

* from about 107 metres depth, a 23-metre section of strong alteration, including clay and other alteration minerals;

* at a drill depth of 133 metres, an extensive zone of mineralization and alteration, including about a 12-metre interval (from 134 metres) of abundant azurite, malachite and chalcopyrite. From 153 metres to 157 metres, further abundant azurite, malachite and chalcopyrite was cut, including a 0.15-metre section of massive chalcopyrite. Farther into the zone, 3 metres (from 157 metres) of jasperoidal material with a rusty “rotten” broken appearance was followed by around 6 metres (from 160 metres) of an apparent skarn and massive pyrite zone.

South Dolly Varden is located about 112 km north of Ely and is adjacent to the past-producing Victoria copper mine, which churned out about 24 million lbs. of copper in the 1970s and ’80s.

Consolidated Gold Win has identified a quartz feldspar porphyry (QFP) intrusive associated with the chargeability anomaly in its IP survey. Intruding a limestone unit, the porphyry creates a favourable potential source of skarn mineralization in addition to possible intrusive hosted disseminated mineralization.

On the visual descriptions, shares of Consolidated Gold Win Ventures gained more than 42% on strong trading volume of almost 13.9 million, closing up four pennies at 13.5 on the day.