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Gold/Mining/Energy : Consolidated Venturex Holdings Ltd

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To: Just G who wrote (19)	1/22/2001 7:32:50 PM
From: John E.Quinn	of 20

Consolidated Venturex Holdings Ltd - News Release Cons Venturex to start detailed geophysical survey Consolidated Venturex Holdings Ltd CVA Shares issued 9,745,936 2001-01-22 close $0.21 Monday Jan 22 2001 News Release Mr. Benjamin Ainsworth Consolidated Venturex Holdings (CVA) is starting a detailed geophysical survey on its Denison TWP claims in the Sudbury mining district. The claims lie just east of the Worthing Offset dike, near the active exploration areas of Inco Ltd. and Crowflight Minerals Inc. at the Totten and Kidd mine properties respectively. Copper and nickel sulphide showings, located in the course of initial mapping and prospecting in late 2000, returned value up to 5.3 grams per tonne (g/t) Pd, 4.65 per cent copper, 0.53 per cent nickel and 0.44 per cent cobalt. (An earlier report of 5.3 per cent Pd was a typographical error.) The targets sought by CVA with this geophysical program include massive sulphide and disseminated sulphide mineralization within the Nipissing rocks, both of which could carry economic values of nickel, copper and platinum group metals (PGM). The induced polarization survey planned for the Denison property has been successful in identifying prospective zones in the River Valley properties of Pacific Northwest Capital and Mustang minerals. CVA has been advised that Crowflight Minerals Inc., having completed a compilation of earlier work, is planning to carry out a geophysical program on the Sandcherry option before breakup. These claims cover approximately four kilometres of the Hess offset dike and 11 kilometres of the Foy offset dike to the north of a sector of the dike being drilled by Aurora Platinum Corp. Several copper-nickel showings were located on the dikes by the vendors of the claims during an initial program carried out in 2000 by CVA.

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