CDVV News China Digital Venture Corporation ("Chin
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CDVV News China Digital Venture Corporation ("China Digital" or the "Company") Strategic Acquisition of U.S.-Based Exploration and Mining Company
2012-04-05 09:01 ET - News Release
LAKEWOOD, CO -- (Marketwire) -- 04/05/12
China Digital Venture Corporation (OTCBB: CDVV) is pleased to announce the acquisition of all of the mineral rights properties of ARNEVUT Resources Inc. ("ARNEVUT"), an exploration and mining company headquartered in Lakewood, Colorado. ARNEVUT is a development stage junior exploration and mining company engaged in the identification, acquisition, evaluation, exploration and development of mineral properties in the United States. ARNEVUT is focused on the exploration and development of the Island Mountain Property in the Jerritt Canyon Trends of Nevada as its primary property. The Company is also involved in the development of mineral claims comprising the East Canyon Property in Utah and Nevada and has an option to acquire a 100% interest in 79 mineral claims comprising the Zia property located in Cibola County, New Mexico.
Island Mountain Property (Gold): Arnevut has an option to acquire majority control of the Island Mountain property from Gateway Gold Corporation (Gateway), subject to certain payments and work commitments. The property consists of 53 unpatented lode mineral claims that comprise an area of 920 acres (372 hectares) situated near the northeast end of the Jerritt Canyon Trend, one of four trends in northern Nevada known for disseminated sediment-hosted mineralization of the "Carlin Type," and for more recently recognized high grade epithermal feeder systems. A strong gold anomaly in surface outcrops has been the focus of intensive exploration. It is above an isolated, albeit deeper magnetic high that likely represents the contact metamorphic aureole around an apophysis off the main intrusive body which could be a cupola situation, with strong exploration implications for bulk mineralization at attainable depths.