Venturex Explorations Announces Drilling on “Carnes Creek” SEDEX Target
August 1, 2007
West Vancouver, British Columbia – August 1, 2007 – Venturex Explorations Inc. (the “Company”) is pleased to announce that core drilling of the “Carnes Creek” zone located on its “LJ Property” has commenced. The LJ Property is located approximately 35km via Hwy 23 north of the City of Revelstoke, British Columbia. The Company has an option to acquire a 49% working interest in the LJ Property from Selkirk Metals Holdings Corp. (“Selkirk”), a wholly owned subsidiary of Selkirk Metals Corp.
The Company’s 2007 drill program will focus on further defining the structure down plunge southeasterly along a fold axis. In 2005, Selkirk drilled 3 initial holes on the LJ Property that included drill hole LJ05-02 which intersected 15 metres assaying 6.81% zinc, 2.69% lead and 3.93 g/t silver from 122.8 to 137.8 metres including 10.70% zinc, 4.90% lead and 9.40 g/t silver over 5 metres from 132.8 to 137.8 metres (as reported in Selkirk’s news release dated October 24, 2005). In the Company’s 2006 drill program, it completed approximately 1500 metres of core drilling, the results of which were reported in the Company’s news release dated November 24, 2006.
The Company is continuing with prospecting, which includes soil, rock and stream sediment sampling, to the south towards Carnes Creek where the extension of the mineralized zone is predicted. The Company plans to core drill 2,000 to 3,000 metres. Based on exploration work to date, the Company has determined that the mineralization of the Carnes Creek zone has the characteristics of a SEDEX lead/zinc deposit. Other known SEDEX deposits in the region include the Ruddock Creek deposit, currently being developed by Selkirk.
John Kowlachuk, P. Geo., has reviewed this release and is acting as the Company’s Qualified Person for this project.
For further information, contact Mr. Clive Shallow, investor communication, at 604-922-2030 or visit the Company’s website at www.venturexexplorations.com.
Venturex Explorations Inc.
“Ronald Coombes”
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Ronald A. Coombes, President
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
