Consolidated Spire Ventures Ltd. ("Spire") is a Canadian-based junior exploration & mining company active in gold & silver exploration. The Company's objective is the acquisition and exploration of high quality gold and silver projects.
Spire Currently has active projects in Canada and Mexico
The 10,796-hectare, 100%-owned Prospect Valley Gold Property located within the center of the Spences Bridge Gold Belt, 35kms west of Merritt, British Columbia, Canada. A new road was completed in Fall 2008 to give vehicle and equipment access to the two central mineral zones.
The 2,731-hectare Yago Gold/Silver Property in the state of Nayarit, Mexico, approximately 50kms north of the city of Tepic;
PV Property Work Programs Proposed Spring / Summer 2009
Spring 2009, upgrade access road tou allweather access to the South Discovery Zone target area on Prospect Valley Property.
Preparations for a two/three phase diamond drill program.
Detailed geological mapping, trenching & sampling on most prospective targets.
Outlining a possible resource definition drill program.
Prospect Valley Property
The 100%-Spire-owned Prospect Valley Gold Property is a bulk mineable-low grade type gold quartz stockwork target, with quartz vein stockwork type mineralization, located near Merritt, BC, Canada. (View the NI 43-101 Report)
In 2008 road construction to the North and South Discovery Zones was completed. The construction of the 5.5km (approx.) long road will provide access at significantly lower costs, to the Discovery Zone for geological work including diamond drilling and mapping.
Detailed geological mapping, surface trenching, soil gold anomalies, mag surveys and 33 diamond drill holes have confirmed an elongated NNE trending gold mineralized belt. It dips approximately 55 to 65 degrees to the west as determined from drill hole cross-sections and surface geological mapping.
The 2007 diamond drill program completed a total of 10 drill holes for a total of 1,775.35m. Drill Holes DDH-2007-01 and DDH-2007-02 were drilled approximately 85m NW from drill hole DDH-2006-21 which intersected a very similar quartz veinlet stockwork zone that returned 1.36g/t gold along 50.6m, which includes a 24.4m interval with 2.03g/t gold.
Last year DDH-2007-01 returned across 61.4m, 0.7g/t gold and 4.7g/t silver. DDH-2007-02 returned across 66.82m, 0.90 g/t gold and 9.7g/t silver. Drill Hole DDH-2007-03 was drilled approximately 40m north of drill holes -01 and -02 and intersected a similar quartz stockwork zone across 44.7m with 1.0g/t gold and 5.9g/t silver.Drill Hole DDH-2007-04 drilled approximately 40m north of drill hole -03, intersected a similar quartz stockwork zone cut by a fault zone. It returned across 32.56m 0.36 g/t gold, which includes a 10.1m interval with 0.73g/t gold and 1.0g/t silver.Drill Hole DDH-2007-05 intersected a quartz vein across 1.33m with 12.20g/t gold and 24.30g/t silver. Drill Hole DDH-2007-06 returned, along a length of 81.71m, an average of 0.33g/t gold, and was drilled approximately 30m west of DDH-2006-04 (27.2m @ 1.24g/t gold). Drill hole DDH-2007-07 returned, along 5.56m, an average of 0.84g/t gold, and was drilled 50m west of drill hole DDH-2006-12 (9.1m @ 0.55g/t gold).
Drill hole DDH-2007-08 returned, along a length of 18.57m, an average of 0.47g/t gold (includes 17.79m @ 0.57g/t gold) and tested mineralization in the northernmost area of the Discovery North Zone. Drill hole DDH-2007-09 returned, along a length of 24.49m, an average grade of 0.48g/t gold and tested mineralization 80m west of DDH-2006-07 (20.5m @ 0.62g/t gold). Drill holeDDH-2007-10 was drilled beside the previous hole at a -80 degree inclination and returned along a length of 3.29m, an average of 0.25 g/t gold. Most of the drill holes drilled last year in the Discovery North Zone were aimed at testing the extent of the mineralization to the west of the known mineralized area. True widths have yet to be determined for these intersects.
A recently revised geological potential in the Discovery Zone considers surface widths that range from approximately 50m to 150m wide, a surface continuity (length) along strike ranging from approximately 1,400m to 2,500m and a depth, as indicated by diamond drilling, ranging from 50 to 90 vertical meters. Using an average specific gravity (s.g.) of 2.4, a tonnage range from approximately 1.2 to 81 million tonnes can be estimated. Considering an average grade range of 0.80g/t to 1.40g/t gold that would give a geological potential ranging from approximately 220,000 to 3.7 million ounces of gold.
The above geological potential is for the Discovery South and North areas only. There are other areas, such as the NW Dome Zone and the NE Zone that appear to hold an additional geological potential as seen from coincidental soil geochemistry anomalies, magnetic anomaly data, and from recent geological mapping and trenching in those zones. Mineralization remains open to the south and north of the Discovery Zone along a NNE trend.
Cautionary statement: Investors are cautioned that the potential quantity and grade indicated above is conceptual in nature. It has been provided only for illustration purposes. At this time, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the discovery of these mineral resources.
....more
