Symbol "AKV": TSX Venture Exchange
VANCOUVER, Aug. 23 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to announce additional results of continued soil sampling on its West Block Spanish Mountain Property (the "Property") located in the Cariboo Region near Likely, British Columbia, within 2.5 kilometers of, and adjacent to, Spanish Mountain Gold's ("SPA") 2.58 million ounce Gold deposit .
Results from these additional soil samples, taken at the east margin of the West Block Claims, have extended the high gold-in-soil trend for an additional 200 metres. The gold rich zone is seen to extend from SPA's main zone northwestward across the Acrex Property to Tiex Inc's gold discovery area to the northwest. The accompanying figure shows contoured values consistent with those used on SPA's website maps that indicates SPA's Main Zone and Cedar Creek target areas, with extensive zones of (greater than)100 ppb gold in soil. On the Acrex Property, the (greater than)100 ppb gold in soil contour outlines an elongate 1200 metre long by 400 metre wide target zone, including isolated values to 1000 ppb. Smaller zones of interest with high gold in soil are also indicated.
The 2010 West Block soil sampling coverage now includes over 50 kilometres of line surveying and the acquisition of 2,046 soil geochemical samples obtained from 2006 to present.
Results are expected shortly from the recently completed trenching program that tested 3 areas within the 2010 target zone.
Acrex has contracted Atlas Drilling Ltd. of Kamloops, B.C. for the completion of up to 1,500 metres of drilling to test the identified targets. The diamond drilling program is planned to commence on September 7, 2010.
Acrex also plans to soil sample the unsampled southern half of its East Block Spanish Mountain property. Acrex's airborne geophysical survey shows that an electromagnetic (EM) anomaly coincides with the recently identified strong gold-in-soil zone on the West Block Property. The geophysical maps show that the EM anomaly trends across Spanish Mountain Gold's property into the area on the East Block where the planned soil sampling will be done.
Acrex Ventures is looking forward to continued exploration on its Spanish Mountain Property. The recent geochemical survey shows exceptional gold-in-soil values over an area with similar geological and geophysical features to the main gold deposit on the adjacent SPA property. Acrex's properties have excellent leverage to continued strength in the gold price and an excellent location that offers infrastructure within a mining friendly jurisdiction.
With approximately $1.4 million in the treasury, Acrex is well funded for continued work on its properties, including the 2010 drilling program and beyond.
Mr. Perry Grunenberg, P.Geo., 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,
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SOURCE ACREX VENTURES LTD.
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