CONSOLIDATED SPIRE VENTURES LTD.
#615 – 700 West Pender Street, Vancouver, BC, V6C 1G8
Telephone: (604) 662-7455; Fax: (604) 683-1055
NEWS RELEASE
February 27, 2008
No: 08-04 TSX-V SYMBOL: CZS
LARGE ALTERATION ZONE IS IDENTIFIED AT THE
BUENAVISTA PROPERTY, MEXICO
Consolidated Spire Ventures Ltd. (“Spire”) is pleased to announce, along with Terra Firma Resources
Inc. (“Terra Firma”), that a large hydrothermal alteration zone has been discovered at the Buenavista
Property in Mexico. Geological crews have identified an area with considerable disseminated finegrained pyrite within a quartz-sericite altered rock. This altered zone measures approximately 1.1kms by
500m, and remains open in all directions. Several hand-dug trenches in this area have been recently
sampled.
The Buenavista Property is located at the border between the Mexican states of Guanajuato and
Michoacán. The property covers an area of approximately 9,200 hectares and is owned 100% by
Compañía Minera Spire S.A. de CV, the Mexican subsidiary of Consolidated Spire Ventures. The
property can be readily accessed from the city of Acambaro by driving on paved and gravel roads for
approximately 30 minutes.
Exploration work has identified silica horizons, characterized by vuggy silica and opaline quartz,
overlying the disseminated pyritic altered zone with surrounding clay alteration. These geological
characteristics may indicate the Buenavista Property has excellent potential to host a disseminated type
precious metal high sulphidation epithermal system.
Quartz veins with fine disseminated pyrite and iron oxides, such as hematite and limonite, have been
observed. Some outcrops exhibit zones of crackle type breccia close to the vein structures. These
types of precious metal deposits are generally low grade, but may contain very large volumes. Detailed
geological mapping and more sampling will confirm this potential.
The Buenavista Gold Property lies in the northwestern area of the El Oro-Tlalpujahua Gold/Silver Belt
where high sulphidation gold occurrences have just recently been identified. Most gold produced in the
past from this gold/silver belt has come from low sulphidation deposits found mainly in the southeast area
near the town of El Oro (which means gold in Spanish).
The Qualified Person for this news release is Spire’s Exploration Manager, Mr. Victor Jaramillo, P.Geo.
The Buenavista Property is subject to option terms whereby Terra Firma can acquire up to a 70%
interest. Spire will act as operator for the initial six-month period and Terra Firma will reimburse
Spire for all costs incurred during the 2007/2008 exploration program. Exploration expenditures,
including the applicable administration fee and any taxes or other costs associated with general property
and claim maintenance, will be for a minimum of $100,000.00 for the first six months.
Investors are invited to visit the Consolidated Spire Ventures Ltd. Investor Hub at
www.agoracom.com/ir/Consolidatedspire where they can post questions and receive answers or review
questions and answers already posted by other investors. Alternatively, investors are able to e-mail all
questions and correspondence to CZS@agoracom.com where they can also request addition to the
investor e-mail list to receive all future press releases and updates in real time.
...2
Consolidated Spire Ventures Ltd.
News Release
February 27, 2008
Page 2
Spire currently has several active projects in Canada and Mexico.
The 100% Spire owned Prospect Valley Gold Property is a low sulphidation gold epithermal system,
with quartz vein stockwork type mineralization, located near Merritt, BC, Canada. Previous drilling at
Prospect Valley intersected mainly the western edge of this mineralized system. Recent trenching and
drill results have confirmed wide anomalous gold zones typically found near surface and along a northeast
trend for over 2kms. The Company feels that the current exploration data, and the planned 2008 drilling
on the Prospect Valley Gold Property are extremely important toward outlining this large mineralized trend
with excellent potential to become an open pit - low cost target.
The recently acquired Yago Gold/Silver Property is located in the state of Nayarit, Mexico, on the
Pacific coast, approximately 50kms north of the city of Tepic. Currently, this property is the subject of an
option agreement with Almaden Minerals Ltd. (AMM-TSX), whereby Spire can earn a 60% interest. The
property comprises 16 claims that total 2,731 hectares and lies within the coastal lowlands of the West
Coast of Mexico.
Other Mexico projects.
Spire has staked four properties in the states of Guanajuato and Michoacan, Mexico consisting of over
76,800 hectares of prime exploration ground on a recently recognized epithermal gold/silver district:
Los Agustinos (31,690 ha), Buenavista (9,200 ha), Las Joyas (32,067 ha), and Santo Niño (3,930 ha).
It is the intention of Spire to explore and farm-out these properties to joint venture partners.
FOR INFORMATION OR INVESTOR RELATIONS
CONTACT THE COMPANY AT (604) 662-7455
or www.agoracom.com/ir/Consolidatedspire
WEBSITE www.spireventures.com
ON BEHALF OF THE BOARD
“Brian Buchanan”
President and Director
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs
of the Company's management as well as assumptions made by and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations , competitive
factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological change, changes in industry practices, and o ne-time events. Should any
one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially
from those described herein.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.