Maestro Commences Drilling at Caldera, Nevadaadmin
Maestro Ventures Ltd. announces that the 2007 exploration drilling program has commenced on the Caldera property in west-central Nevada. The drilling program will test three different areas with significant gold mineralization, including follow-up to a previous drill holes that intersected 5 feet grading 2.0 oz/ton gold, and another that intersected 25 feet grading 0.25 oz/ton gold. Neither hole has been adequately offset to test the extent of mineralization. Crews have been mobilized and drilling commenced on January 27, 2007.
The Caldera Property covers an area of approximately 2,606 acres in the southern Shoshone Range, located in west-central Nevada, in the southwest portion of the Great Basin. The project area displays a large area of hydrothermal alteration with widespread strong geochemical anomalies. Phase 1 drilling will include approximately 9,500 feet in 25 holes targeting historic intercepts and high-grade surface rocks on the northwest part of the property.
The mineralization style at Caldera is that typical of an epithermal volcanic-hosted precious metal system, with gold and silver dominant in fault zones, silicified breccias, and stock work zones. High-grade values in historic drill intercepts and surface rock samples indicate that a bonanza-vein system similar to the nearby Round Mountain Mine or the Midway project may occur; these targets will be the primary focus for exploration. Thicker, lower grade historic drill intercepts suggest that bulk tonnage targets also may exist.
Historic rock chip sampling conducted by several previous companies that earlier explored the property generated very positive results. From a total of 440 known historic samples, 133 (30%) contain over 1 gram of gold per ton (0.029 oz/ton) while 59 (13%) contain over 3 grams per ton (0.087 0z/ton). Fifteen (15) samples contain over 10 grams of gold per ton (0.292 oz/ton) up to a maximum of 37 grams per ton (1.08 oz/ton). Silver values are also highly enriched with 78 samples containing over 32 grams (0.933 oz/ton) of silver with a maximum of 900 grams per ton (26.2 oz/ton). Sampling by Genesis Gold returned comparable gold values. One high-grade rock sample (Z05-224) returned a value of 193 g/t gold (5.63 oz/ton) with 6370 g/t silver (185.8 oz/ton).
The Caldera technical program will be conducted under the supervision of John Zimmerman of Genesis Gold Corp. The technical content of this news release has been reviewed by Mr. Rick Russell who is a Qualified Person as defined by NI 43-101.
Allan Williams, President of Maestro Ventures Ltd., comments: “The Caldera property has significant geologic parallels with several significant gold deposits in Nevada. We’re excited to begin testing these targets and exploring the rest of the property.”
Maestro Ventures Ltd. is a junior Canadian exploration company focused on discovering gold in the Great Basin of Nevada and Utah.
On Behalf of the Board of Directors
Allan W. Williams, President & CEO
Maestro Ventures Ltd.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.
Contacts: Maestro Ventures Ltd. Allan W. Williams President & CEO (604) 484-7086
(604) 484-7044 (FAX)