Acrex Ventures Ltd

Published : September 04th, 2008

Undertakes Diamond Drilling on its Don's Lake Gold-Uranium Property, 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, September 04, 2008 Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": OTC BB
 
 
Acrex Undertakes Diamond Drilling on its Don's Lake Gold-Uranium Property, Ontario

Acrex Ventures Ltd. ("Acrex", TSX: AKV) is pleased to announce that it has contracted Boreal Drilling of Val d'Or, Quebec to complete a Diamond drilling program on its optioned Don's Lake Gold-Uranium Property located in Northwestern Ontario. Drilling is planned to commence on September 21, 2008.

Previous exploration has demonstrated that the Don's Lake property is prospective for gold and uranium mineralization. Prior to Acrex acquiring the property, exploration entailing lithogeochemical sampling, Vlf-Em and magnetic geophysical surveys, prospecting and 20 Diamond drill holes was completed on the property.

The current drill program will focus on a prominent Shear Zone, the Don's Lake Shear Zone (DLSZ), highlighted by eight of the previously drilled holes. Three of these holes intersected good gold grades including DL 04-04 with 0.36 oz Au per tonne over 3.3 feet, hole Bam 88-12 with 0.566 oz Au per tonne over 3.6 feet and hole Fry-1 with 0.605 oz. Au per tonne over 0.4 feet. In 1978, trenching by Urangesellschaft returned an assay of 0.136% U3O8 and 0.117 oz/t gold across 6.6 feet from a trench located along the south side of the DLSZ (above results previously reported in Acrex news release dated April 15, 2008).

In August 2008, Abitibi Geophysics of Val d'Or Quebec completed an Induced Polarization (IP) survey on the Don's Lake property for Acrex. The IP survey entailed 15.8 line kilometers (km) of geophysical coverage on approximately 100 metre (m) spaced lines along a 1.5 km long portion of the 7 km long Don's Lake Shear Zone.

Abitibi's geophysicists, and Acrex's consultants, have reviewed and interpreted the IP data. The results of the survey, combined with information provided from previous exploration, indicates that the gold-bearing DLSZ is coincident with continuous linear conductive trends in the IP results. Interpretation of the results indicates several parallel shear zones along the DLSZ trend.

Acrex's consultants have delineated 4 main target zones to be tested by the upcoming drill program. The drilling program will test the 4 target zones with a minimum of 6 Diamond drill holes, totaling approximately 1000 m of NQ core.

Ground follow-up of the IP survey targets and drill pad construction is also scheduled to commence on September 16, 2008.

Mr. Perry Grunenberg of PBG Geoscience will oversee the Diamond drill program, and 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) 687-4212
e-mail: info@acrexventures.com
website: www.acrexventures.com
 
 
ACREX VENTURES LTD.

Per:
   T.J. Malcolm Powell,
   President

 
 

Acrex Ventures Ltd

DEVELOPMENT STAGE
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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