Acrex Ventures Ltd

Published : January 08th, 2009

Intersects Gold in Diamond Drilling of Don's Lake Gold Property, Northwestern Ontario

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Suite 1400 - 570 Granville Street, Vancouver, B.C. V6C 3P1
Tel: (604) 618-1758 Fax: (604) 687-4212

News Release

 
Thursday, January 08, 2009 Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": U.S. Pink Sheets
 
 
Acrex Intersects Gold in Diamond Drilling of Don's Lake Gold Property, Northwestern Ontario

Acrex Ventures Ltd. (Acrex) has received final assay results from its 2008 Diamond drilling program on its optioned Don's Lake Gold Property located in Northwestern Ontario.

The drill program, which was completed on October 8, 2008, focused on a prominent shear zone, the Don's Lake Shear Zone (DLSZ). This gold bearing structure was previously tested by eight historical Diamond drill holes. Three of these historical holes intersected good gold grades: hole DL 04-04 with 0.36 oz Au per ton over 3.3 feet (12.3g/t over 1.0 metres); hole Bam 88-12 with 0.566 oz Au per ton over 3.6 feet (19.4g/t over 1.1 metres); and hole Fry-1 with 0.605 oz. Au per ton over 0.4 feet (20.7g/t over 0.12 metres). In 1978, trenching by Urangesellschaft is reported to have returned an assay of 0.136% U3O8 and 0.117 oz/t gold across 6.6 feet (4.0g/t across 2.0 metres) from a trench located along the south side of the DLSZ.

In Acrex's drill program a total of 1000 metres of drilling was completed in 5 drill holes. A total of 244 drill core samples were shipped to Accurassay Laboratories located in Thunder Bay, Ontario. Final results of analysis have been received and tabulated showing two holes, DL0801 and DL0805, with significant gold intersections. The best intersection was obtained in hole DL0805 where 3.052 g/t gold was obtained over a 3 metre core length from 62.0 to 65.0 metres depth.

Drill holes ranged in depth from 140 to 272 metres. Holes DL0801 and DL0805 were completed at each end of the 1.3 kilometre section of the DLSZ. Elevated gold values were returned from within or adjacent to the silicified, sericite rich, DLSZ shear zone.

Significant results returned from core samples taken from two drill holes completed in the 2008 drilling are summarized in the table below.

Drill Hole

From

To

Width*
metres

True*
Width

Au g/t

DL0801

78.2

83.0

4.8

3.4

0.835

including

81.5

83

1.5

1.1

1.375

DL0805

60.5

65

4.5

3.2

2.290

Including

62.0

63.7

1.7

1.2

3.065

and

63.7

65

1.3

0.9

3.036


*Note: The DLSZ is interpreted to be steeply dipping, intersected by drilling at an average hole dip of -46 degrees. Therefore true widths are estimated to approximate 70% of the intercept width.

These results confirm that the DLSZ target contains gold-bearing potential in the areas drilled by holes DL0801 and DL0805. The 2008 drilling complements results of previous drilling reported on the property. These results, together with historic drilling, show gold mineralization along a 2.3 kilometer section of the DLSZ target.

Mr. Perry Grunenberg of PBG Geoscience oversaw the Diamond drill program and undertook logging and sampling of core. Further data compilation, reporting and recommendations will be undertaken by PBG Geoscience over the next several weeks.



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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

 
 
<

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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