VANCOUVER, BRITISH COLUMBIA ("Maestro" or the "Company") is pleased to announce its exploration/development plans for the 2008 summer field season. The Company will be focused primarily on exploratory & definition drilling at the Kings Canyon gold project, Utah, as well as defining top-priority drill targets at the Green Springs gold project, Nevada. The Company also intends to advance the Big Fault, Wallace Canyon and Golden Brew gold projects, which all lie in an east-west belt in central Nevada and Utah in preparation for possible future drill testing.

"There isn't a better place on the planet to explore and find world-class opportunities right now," commented Maestro director, Ann Carpenter. "We are excited about advancing Maestro's current key projects - Kings Canyon and Greens Springs - while also assessing new opportunities. We are focused in two new mineral trends, within which our key properties are already located. These trends are under-explored and provide great opportunities for Maestro to secure and advance excellent, large gold, silver, and copper projects."

King's Canyon Gold project

A 3,600-meter reverse circulation drill program is planned to commence at the Kings Canyon gold project in early July. The program has been designed to verify and expand the 204,000 oz. historical resource, to follow up mineralization in prior drill holes from other zones that were not adequately tested, to investigate new exploration targets, and to increase the understanding of the controls of known gold mineralization.

Previous drilling on the gold resource has returned results of up to 89 feet of 1.82 grams/ton gold (KCC07-4). The entire resource is shallow (the top ranging from 0 to 330 feet below the surface) and oxidized and preliminary metallurgical tests indicate that good recoveries could be achieved with low-cost heap leach methods. In a separate area to be drilled, Maestro previously drilled two significant intervals in a core hole (KCC07-5): 58 feet of 0.25 grams/ton gold starting at 8 feet followed by 74.5 feet of 0.63 grams/ton gold starting at 170.5 feet. The drill program will also help provide the Company with data to be used for new regional geologic and geophysical interpretations.

Green Springs Gold project

At Greens Spring, recent geophysical surveys have identified new areas of possible mineralization not previously identified or tested, significantly expanding the project's mineralization potential (see Maestro news release dated May 1, 2008). Additional exploration work is currently being completed, including surface sampling, mapping and additional geophysics throughout the project area. Maestro management will compile and analyze the data collected during this field season, identifying quality drill targets for a Phase I drilling program.

Big Fault, Wallace Canyon & Golden Brew Gold projects

Maestro management is advancing preliminary surface evaluations including surface sampling and geologic mapping on the Big Fault, Wallace Canyon and Golden Brew properties. Gold mineralization has been encountered in surface sampling and prior drilling on the properties. Data compilation, surface sampling, geologic mapping, and prescribed geophysical surveys are planned and advancing building a strong database of information that will help the company best define drill targets.

Further Project Generation

Multiple new targets in the Great Basin of Nevada and Utah are being evaluated for joint venture, acquisition and potential merger in order to quickly grow the company. Maestro management is focusing on at least two specific mineralization trends in Eastern Nevada and Western Utah, actively evaluating opportunities toward further identifying core properties and expanding Maestro's strong mineral development opportunities.

"The most exciting part of our program for me is the great opportunities we are able to generate as we pull from the experiences of Maestro's new Board of Directors; the Company's strong, recently-announced Technical Advisory Board; and from our world-class exploration teams we are building on the ground," concluded Hans Rasmussen, Maestro director. "While we are reviewing opportunities in Utah and Nevada with an emphasis on two main trends, we are also actively evaluating opportunities that could be real company-makers should a discovery occur through grass roots exploration, merger or acquisition. Our tight share structure and aggressive management team would facilitate any number of commercial deals."

About Maestro Ventures

Maestro Ventures Ltd. is an exploration company focused on the discovery of high-value precious and base metal deposits in the eastern Great Basin. The Company currently controls mineral title to nine projects in the Great Basin. While the company is focused on expanding the gold resource at its Kings Canyon, Utah project, the new Board of Directors and exploration staff are focused on evaluating and adding high-quality projects to the portfolio. Project generation is focused on two major metal-rich trends that cross the eastern Great Basin.

The Kings Canyon gold project was drilled by Crown Resources and Battle Mountain Gold between 1990 and 1993 (156 reverse circulation drill holes for a total of 24,890 meters), generating an inferred historical resource estimate of 6,800,000 tons at a grade of 0.03 oz/ton gold (204,000 ounces) using a cutoff of 0.013 oz/ton. Maestro warns that a qualified person has not done sufficient work to classify these historic estimates as current mineral resources, is not treating these estimates as current mineral resources, and that the historic estimates should not be relied upon.

On behalf of the Board of Directors,

Kris Kottmeier, CEO, Maestro Ventures Ltd.

The TSX Venture Exchange has not reviewed and is not responsible for the information contained in this release.

Contacts: Maestro Ventures Ltd. Benjamin H. Curry Head of Investor Relations 1-877-689-2881 Website: www.maestroventures.com

Maple Peak Investments (TSXV:MAP)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Maple Peak Investments.
Maple Peak Investments (TSXV:MAP)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Maple Peak Investments.