Acrex Ventures Ltd

Published : June 01st, 2010

Commencement of the 2010 Exploration Program on its Cariboo Property

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Keywords :   Diamond | Gold |

Tuesday, June 01, 2010 NEWS RELEASE
 
 
Acrex Announces Commencement of the 2010 Exploration Program on its Cariboo Property

Vancouver, British Columbia, Acrex Ventures Ltd. ("Acrex") is pleased to announce commencement of the 2010 exploration program on its Cariboo Region property located near Likely, British Columbia. Acrex has received the necessary permits to allow for road access construction, trenching and drilling on the property.

A work program consisting of soil geochemical sampling and ground magnetometer surveys is planned for May, 2010. Following this ground work, a trenching and drilling program is planned to commence in June. Acrex has contacted Atlas Drilling Ltd. of Kamloops, B.C. for the completion of an initial drill program consisting of 1,500 metres of drilling from 5 drill stations to test various targets.

The incentive for continued exploration on the Acrex claims is supported by positive results from both Spanish Mountain Gold Ltd. and Tiex Inc. (see Acrex March 2, 2010 news release). The Tiex property lies directly to the west, and the Spanish Mountain Gold deposit lies directly to the east of the proposed area of work to take place on the Acrex Property (please refer to map). The regional geology that hosts the gold mineralization on the Tiex and Spanish Mountain Gold properties trends northwest to southeast, passing through both the southeastern and northwestern claim blocks that make up the Acrex property.

On May 18, 2009, Spanish Mountain Gold released an updated 43-101 compliant resource for its Spanish Mountain Gold project. The updated measured and indicated gold resource is reported at 102.26 million tonnes at an average grade of 0.785 g/t (2.58 million ounces gold) and an inferred resource of 11.65 million tonnes at an average grade of 0.787 g/t (290,000 ounces gold), at a cut-off grade of 0.50 g/t gold. The Main Zone mineralization is located within 1.5 kilometers of the Acrex claims.

On the west side of the Acrex claims, Tiex Inc reported results from its 2008-2009 drilling program that intersected wide widths of elevated gold (0.25 to 0.5 grams/tonne) containing higher grades over shorter widths (eg. 6.04 g/t over 1.07 m).

Acrex has successfully completed Diamond drilling of 26 holes on the property to date. The highest gold value of 2.42 g/t gold returned from a sample taken between 279 m to 280.5 m depth in hole 07SpM-01 (see Acrex March 25, 2008 news release). This hole was drilled to intersect the down-dip extension of a gold bearing horizon intersected in 2006, drill hole 06SpM-15. Hole 06SpM-15 returned two gold intersections grading 2.54 g/t over 1.51 m and 2.29 g/t over 1.52 m. Wider intercepts of low grade gold values, interpreted to be similar to the Main Zone mineralization reported by Spanish Mountain Gold Ltd., were also intersected during the 2006 and 2007 drilling programs.

Acrex Ventures is looking forward to continued exploration on its Spanish Mountain Property. Being adjacent to Spanish Mountain Gold Ltd's advanced stage project with excellent leverage to gold price, excellent location and infrastructure within a mining friendly jurisdiction, the Acrex property is well positioned for gold potential.

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.

FOR FURTHER INFORMATION ON ACREX PLEASE CONTACT:
Investor Relations - Tel: 604-618-1758 e-mail: info@acrexventures.com
Fax: 604-687-4212 website: www.acrexventures.com

ACREX VENTURES LTD.
T.J. Malcolm Powell,
President

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

Northwest Claim Block Exploration

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FOR FURTHER INFORMATION ON ACREX VENTURES PLEASE CONTACT:
 
Investor Relations - Tel: (604) 618-1758
Fax: (604) 687-4212
e-mail: info@acrexventures.com
website: www.acrexventures.com
 
 
ACREX VENTURES LTD.

Per:
   T.J. Malcolm Powell,
   President
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Stock Symbol: TSX-V: AKV
Suite 1400 - 570 Granville Street
Vancouver, British Columbia
Canada V6C 3P1
Tel: 604.687.4622
Fax: 604.687.4212

Acrex Ventures Ltd

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CODE : AKV.V
ISIN : CA0049371085
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Acrex Ventures is a silver and gold exploration company based in Canada.

Its main asset in development is SPANISH MOUNTAIN in Canada and its main exploration property is GRIZZLY-KELLAR LAKE in Canada.

Acrex Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 407 600 as of today (US$ 382 492, € 280 252).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.46, and its lowest recent point on July 09, 2014 at CA$ 0.01.

Acrex Ventures has 40 760 000 shares outstanding.

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Annual reports of Acrex Ventures Ltd
2007 Annual report
2006 Annual report
Project news of Acrex Ventures Ltd
12/13/2011(Spanish Mountain)Continues to Define a Gold-Bearing Corridor on its Spanish M...
9/13/2011Commences Exploration on its Rainbow Canyon Gold Property, N...
8/4/2011Plans Drill Program for its Rainbow Canyon Property, Nevada
5/3/2011Provides Update on its Rainbow Canyon Gold Property in Nevad...
3/31/2011Purchases Nevada Gold Property
8/23/2010(Spanish Mountain)Extends Priority Gold Target On Its Spanish Mountain Propert...
8/10/2010(Spanish Mountain)Discovers Priority Gold Target On Its Spanish Mountain Prope...
7/6/2010(Spanish Mountain)Completion of Soil Sampling and Prospecting Programs
1/8/2009Intersects Gold in Diamond Drilling of Don's Lake Gold Prope...
12/31/2008(Honeymoon Property)grants options, files SEC Deregistration and terminates Hone...
11/5/2008(Don's Lake)Completes Diamond Drilling Program on Don's Lake Gold Proper...
9/4/2008Undertakes Diamond Drilling on its Don's Lake Gold-Uranium P...
7/30/2008(Timmins - Whitney Township)Moneta JV Confirms and Expands "55 Zone" Gold Mineralization...
Corporate news of Acrex Ventures Ltd
12/16/2013Holiday Wishes from all of us at Acrex Ventures
8/22/2012(Spanish Mountain)Closes Sales of Spanish Mountain Mineral Claims
7/31/2012(Spanish Mountain)Agrees to Sell its Spanish Mountain Mineral Claims
5/8/2012MD&A and Financials
12/19/2011Happy Holiday Wishes from Acrex Ventures Ltd.
6/6/2011' Rainbow Canyon Property Purchase Accepted By Stock Exchang...
6/1/2010Commencement of the 2010 Exploration Program on its Cariboo ...
5/18/2010Options Grizzly-Kellar Property In The Chibougamau Region Of...
4/7/2010To be featured on CEO Clips Airing on the Business News Netw...
3/16/2010CEO Clips is featuring Acrex Ventures on The Biography Chann...
12/9/2009Sells its 50% Michaud Joint Venture Interest for $1,000,000
6/2/2009Announces the Launch of Its New Corporate Website
3/3/2009to be Featured on CEO Clips on The Biography Channel
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