Acrex Ventures Ltd

Published : August 23rd, 2010

Extends Priority Gold Target On Its Spanish Mountain Property

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Keywords :   Diamond | Gold | Gold Discovery |

Monday, August 23, 2010 NEWS RELEASE
 
 
Acrex Extends Priority Gold Target On Its Spanish Mountain Property

Vancouver, British Columbia, 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 >100 ppb gold in soil. On the Acrex Property, the >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.

FOR FURTHER INFORMATION ON ACREX VENTURES PLEASE CONTACT US:

Investor Relations - Tel: 604-618-1758 Fax: 604-687-4212
e-mail: info@acrexventures.com 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.



 
 
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 2300-1066 West Hastings Street
Vancouver, British Columbia
Canada V6E 3X2
Tel: 604.618.1758
Fax: 604.277.0815

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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