Acrex Ventures Ltd

Published : September 13th, 2011

Commences Exploration on its Rainbow Canyon Gold Property, Nevada

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Keywords :   Canada | Gold | Iron | Silver |

Tuesday, September 13, 2011 NEWS RELEASE
 
 
Acrex Commences Exploration on its Rainbow Canyon Gold Property, Nevada

Acrex Ventures Ltd. (Acrex) is pleased to announce that it has contracted geologist, Jon Gant of Reno, Nevada to undertake a geological mapping program on its Epithermal Gold Property at Rainbow Canyon, Nevada. The geological work program will trace out mineralization and associated alteration zones in order to better identify targets for the upcoming drill program.

The gold mineralization at Rainbow Canyon is associated with steeply dipping quartz veins that are enveloped by 1 to 10 metre wide zones of bleaching and iron staining, within more extensive areas of argillic alteration.

In April, 2011, Acrex completed a sampling program that involved taking 30 rock chip and grab samples from quartz veins, quartz veinlets and altered wallrock material that occurs in prospect pits, rock dumps, trenches and outcropings of mineralization on the claims. Results showed that, of the 30 sites sampled 20 samples had greater than 0.50 g/t gold and 14 samples had greater than 1.0 ppm Au with a maximum, in one sample, of 48.2 g/t gold. Alteration around the quartz veins suggests a low sulfidation gold mineralizing event.

The Rainbow Canyon property is underlain by mafic to felsic volcanic rock of Tertiary age. The presently known gold mineralization, occurs in altered mafic volcanics of the Alta Formation and is thought to be similar in age and host rock type to the nearby Comstock Mine. The property is situated within the Walker Lane structural belt which is host to several major gold and silver deposits with historical production. These including the bonanza gold-silver vein deposits of the Comstock Mine (7.65 Moz. gold and 177.0 Moz. silver), as well as large, bulk-mineable, gold-silver deposits such as the Rawhide Mine (1.5Moz. gold), and Paradise Peak (1.6 Moz. gold and 22.0 Moz. silver).

The Rainbow Canyon property is located within a mining friendly jurisdiction.

Mr. J. Allan McNutt, P.Geo. is the Company's Qualified Person for the purpose of National Instrument 43-101.
 
 
FOR FURTHER INFORMATION ON ACREX VENTURES PLEASE CONTACT:
 
Investor Relations - Tel: (604) 618-1758
Fax: (604) 277-0815
e-mail: info@acrexventures.com
website: www.acrexventures.com
 
 
ACREX VENTURES LTD.

Per:
   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.
 

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�2011 Acrex Ventures Ltd.
Disclaimer
Stock Symbol: TSX-V: AKV
Suite 2300-1066 West Hastings Street
Vancouver, British Columbia
Canada V6E 3X2
Tel: 604.618.1758
Fax: 604.277.0815
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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