West Vancouver, British Columbia – March 10, 2008 – Venturex Explorations Inc. (the “Company”) announces the results from its 2007 drill program on the Carnes Creek showing of the Company’s “LJ Property” located 35 km north of Revelstoke, B.C. The Company optioned the LJ Property from Selkirk Metals Holdings Corp. (“Selkirk”), a wholly owned subsidiary of Selkirk Metals Corp.
Under its 2007 drill program, the Company completed 12 helicopter supported drill holes for a total of 2,600 metres of NQ core. The core was logged and split and the split samples were sent to Acme Analytical Laboratories of Vancouver for analysis and assay. The 2007 drill program was designed to follow up on the Company’s 2006 exploration work with the objective of advancing exploration of the “Carnes Creek” zinc-lead showing.
In 2005, Selkirk drilled 3 initial holes on the LJ Property that included hole LJ05-02 which intersected 15 metres assaying 2.69% lead, 6.81% zinc and 3.93 g/t silver from 122.8 to 137.8 metres, including 4.90% lead, 10.70% zinc 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). The style of mineralization was believed to be sedimentary exhalative massive sulphide (SEDEX), containing massive pyrite, sphalerite and galena.
Although the Company’s core drilling in 2006 and 2007 did confirm the continuity of mineralization, the Company has been unable to replicate the thicker intersections that Selkirk had originally found, as referred to above. The Company initially believed that the thicker section previously reported by Selkirk may have been associated with folding which could have produced a structural thickening and grade improvement. Except for the Company’s holes LJ07-16 and LJ07-17, all of the holes intersected one to two metres of massive sulphide mineralization. As a result of the thin nature of the mineralization and lack of any volume potential intersected to date, the Company has decided not to continue exploration of the LJ Property and the Company’s option agreement with Selkirk. The Company has recently informed Selkirk of this decision.
The results of the Company's 2007 drilling are shown on the following table:
|
HOLE
Number |
FROM
(metres) |
TO
(metres) |
INTERVAL
(metres) |
Zn
(%) |
PB
(%) |
Ag
(g/T) |
|
LJ07-11 |
112.3 |
115.0 |
2.7 |
7.56 |
5.33 |
2.76 |
|
including |
112.3 |
113.3 |
1.0 |
15.21 |
10.33 |
2.80 |
|
LJ07-12 |
78.0 |
79.0 |
1.0 |
2.14 |
0.40 |
1.90 |
|
and |
89.0 |
94.0 |
5.0 |
1.46 |
0.41 |
1.38 |
|
including |
92.0 |
93.0 |
1.0 |
2.48 |
0.39 |
1.80 |
|
LJ07-13 |
76.0 |
84.0 |
8.0 |
3.23 |
0.52 |
3.85 |
|
including |
78.0 |
79.0 |
1.0 |
13.96 |
0.11 |
7.20 |
|
and |
80.0 |
81.0 |
1.0 |
4.00 |
0.37 |
5.90 |
|
also |
111.5 |
115.0 |
3.5 |
5.69 |
3.37 |
4.03 |
|
Including |
111.5 |
112.5 |
1.0 |
13.96 |
9.22 |
7.20 |
|
and |
114.0 |
115.0 |
1.0 |
4.00 |
1.85 |
5.90 |
|
LJ07-14 |
112.3 |
116.2 |
3.9 |
6.13 |
2.17 |
1.54 |
|
including |
113.4 |
115.2 |
1.8 |
8.50 |
0.66 |
2.00 |
|
LJ07-15 |
92.0 |
98.0 |
6.0 |
1.07 |
0.19 |
1.02 |
|
including |
92.0 |
93.0 |
1.0 |
1.57 |
0.57 |
2.00 |
|
LJ07-18 |
208.0 |
224.0 |
16.0 |
0.86 |
0.21 |
1.00 |
|
including |
218.0 |
220.0 |
2.0 |
1.42 |
0.13 |
1.40 |
|
LJ07-19 |
227.5 |
229.5 |
2.0 |
3.92 |
2.26 |
7.95 |
|
LJ07-20 |
155.0 |
156.0 |
1.0 |
7.32 |
0.09 |
0.30 |
|
LJ07-21 |
290.0 |
41.0 |
12.0 |
2.36 |
0.39 |
3.96 |
|
including |
31.0 |
36.0 |
5.0 |
4.01 |
0.52 |
0.50 |
|
and |
39.0 |
41.0 |
2.0 |
3.30 |
0.50 |
0.40 |
|
also |
144.25 |
144.75 |
0.5 |
20.00 |
2.16 |
5.80 |
|
LJ07-22 |
23.0 |
25.0 |
2.0 |
1.94 |
0.52 |
4.80 |
|
and |
37.0 |
41.0 |
4.0 |
2.51 |
0.20 |
0.10 |
John Kowalchuk, 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 Ltd.
“Ronald A. Coombes”
_________________________________
Ronald A. Coombes, President & CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
