Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": OTC BB
VANCOUVER, March 21 /CNW/ - Acrex Ventures Ltd. ("Acrex") is pleased to
announce that it has signed an agreement with Aeroquest Limited to complete an
airborne geophysical survey over its optioned Spanish Mountain-Hepburn Lake
mineral properties located near Likely in the Cariboo region of British
Columbia. The agreement is for a minimum 200 line kilometers of time domain
electromagnetic and magnetic survey. The survey will cover both the Hepburn
Lake and Spanish Mountain portions of the Acrex optioned properties. It is
presently expected that the survey will commence in late April 2007.
The airborne geophysical survey will assist in the identification of
lithologies favourable to hosting bulk-mineable gold deposition, similar to
that currently under exploration on the adjacent Skygold Ventures Ltd. and
Wild Rose Resources Ltd. Spanish Mountain joint venture gold project. The
geology consists of sedimentary formations that have been altered, and in
places, sheared. They host significant fine quartz and carbonate veining as
well as common pyritic-bearing sections. In 2006 the joint venture completed
an airborne geophysical survey that helped to define an extensive zone of
interest that is in part trending to the west towards the Acrex optioned
claims. To date, the best gold-bearing intercepts from diamond drilling on the
Acrex properties have been returned from samples of carbonaceous mudstone
containing veined and disseminated pyrite (see Acrex news release dated
January 17, 2007).
The potentially gold-bearing carbonaceous mudstone units can be traced by
electromagnetic variations using geophysical procedures. The scheduled
Aeroquest Limited airborne magnetic/electromagnetic survey will assist in
defining sedimentary horizons with potential to host gold-bearing structures.
The survey will also tie the gold-bearing intercepts of significance from the
diamond drilling completed by Acrex in 2006 to the trend of regional
sedimentary structures. Follow-up detailed soil geochemical sampling, combined
with bedrock trenching and eventual drilling of targets produced from the
geophysical survey has been recommended.
ACREX VENTURES LTD.
T.J. Malcolm Powell,
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this Release.
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