Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": OTC BB
VANCOUVER, Sept. 26 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to
provide an update of exploration on its Spanish Mountain property, located
near Likely, B.C. The Spanish Mountain Property is located immediately
adjacent to Skygold Ventures Ltd. and Wild Rose Resources Ltd. Spanish
Mountain Joint Venture gold project. Over the last two years drilling and
compilation work by the Spanish Mountain Joint Venture has outlined a large
gold mineralized system with average gold grades of greater than 1.0 g/t gold.
The Main mineralized zone measures 1,200 metres x 500 metres and is up to
135 metres thick. The deposit remains open in all directions.
Acrex has recently completed airborne geophysical surveying over its two
claim blocks which adjoin the Joint Venture property to the northwest and
southeast. The survey was conducted by Aeroquest International and included
AeroTEM (Electromagnetic) and Magnetometer instrumentation. Processing of data
and interpretation is currently underway. Preliminary indications are that a
number of strong electromagnetic (resistivity) zones trend from the
Skygold-Wildrose property onto the Acrex held claims. This is consistent with
the general stratigraphic trends provided from regional geologic mapping.
Discussions with Skygold's consultants has provided preliminary insights into
several areas for possible follow-up diamond drilling within the Acrex claims.
Acrex currently has a geologic team working to conduct follow-up soil
sampling and drill-hole planning on both the northwest and southeast claim
blocks. Soil sampling on the southeast (Spanish Mountain) block is designed to
follow-up elevated gold in soil samples returned from preliminary soil
sampling completed in 2006. Sampling on the northwest (Hepburn Lake) block
will extend the grid to cover recently optioned claims that adjoin that claim
group. The results of soil sampling will be overlaid onto the results of the
airborne geophysical surveys to further define targets for follow-up drilling.
Acrex has retained Atlas Drilling Ltd., of Kamloops, BC to core drill the
new targets developed from the Aeroquest geophysical survey and surface
sampling. Drilling will also further test the gold-bearing intersections
returned from drill hole 06SpM-15, completed in the fall of 2006 (see Acrex
news release dated January 17, 2007). This drill hole returned significant
gold-bearing intersections, including 2.54 grams per tonne over 1.51 metres
and 2.29 grams per tonne over 1.52 metres. The latter result was from a sample
of the last section of core drilled in the hole, from 158.5 to 160.02 metres
depth. Drilling will continue to test these gold-bearing intersections
laterally and to depth. Drilling is expected to start within one week.
Mr. Perry Grunenberg, P.Geo. of P&L Geological Services is the Company's
supervisor for the Spanish Mountain Project and "Qualified Person" for the
purpose of National Instrument 43-101.
ACREX VENTURES LTD.
T.J. Malcolm Powell,
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this Release.
For further information:
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