Cons Gold Win likes the look of South Dolly Varden core

Vancouver – Prior to even finishing the first drill hole on its South Dolly Varden gold-copper project in Elko Cty, Nevada, 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 share price rally.

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 was:

• From about 54.3 metres down hole to 58.5 metres, about 4.2 metres of core exhibited intense oxidation and rusty pyrite with visible estimate of 15-20% sulphides;
• A 14-metre section of core, from about 70 metres to 84 metres, showed intense rusty pyrite, a jasperoidal material and clay epidote alteration;
• From about 107 metres depth to almost 130 metres, a 23-metre section of very strong alteration was observed including clay and other alteration minerals;
• At a drill depth of 133 metres, a extensive zone of mineralization and alteration was encountered including about a 12-metre interval (from 134-to-146 metres) of abundant azurite, malachite and chalcopyrite. From 153 metres to 157 metres, further abundant azurite, malachite and chalcopyrite was cored including a 0.15-metre section of massive chalcopyrite. Further into the zone, 3 metres (from 157-to-160 metres) of jasperoidal material with a rusty “rotten” broken appearance was followed by around 6 metres (from 160-to-166 metres) of an apparent skarn and massive pyrite zone.

South Dolly Varden is located about 112 km north of Ely and is adjacent to a past producing Victoria copper mine (about 24 million lbs of output 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 to close up four pennies at 13.5 on the day.