| ||February 13, 2006|
ICU Commences Airborne Geophysical Survey
| ||International Croesus Ventures Corp. (TSXV -- ICU) International Croesus Ventures is pleased to announce that Fugro Airborne Geophysics has started a helicopter-borne geophysical survey of its 29,175 hectare land position in Western Jalisco State, Mexico. The helicopter arrived on-site on February 6th, and the geophysical equipment is currently being installed. Test survey flights are expected to start this week. |
Fugro will initially be flying 1783 line kilometres at 200 metre line spacing over the entire claim block. As the areas of better mineral potential are defined, select areas within the Property will be flown at 100 metre spacing. The Property overlaps several volcanogenic massive sulfide camps, including parts of Cuale, Bramador and La America, as well as 100% of Amaltea and Cuatro Minas.
Electromagnetic data will be collected with a DIGHEM EM system with 5 frequencies and multi-coil geometry. A total of 10 EM channels of information will be sampled every 4 metres along the survey lines. Radiometric data will be collected with an Exploranium GR820 256 channel spectrometer. Magnetic data will be collected with a Scintrex high sensitivity magnetometer.
The survey is expected to take about three weeks.
Michelle Robinson, P.Eng., a director of the Company and a qualified person as defined by National Instrument 43-101, is responsible for the preparation of technical information in this News Release.
The Company is also pleased to announce that Mr. William Easley, C.A., has been appointed to the Board of Directors of the Company and has been granted a stock option to purchase up to 50,000 shares of the Company at $0.68 per share for a period of 5 years.
ON BEHALF OF THE BOARD
"ALASTAIR J. SINCLAIR"
Alastair J. Sinclair, Ph.D., President
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy, or accuracy of this release.
You can view the Next News Releases item: Tue Apr 11, 2006, ICU Completes Geophysical Survey, And Expands Land Position In Au-Vms Belt In Western Jalisco State, Mexico.
You can view the Previous News Releases item: Thu Dec 8, 2005, ICU Completes Acquistions In Jalisco And Signs Contract With Fugro Airborne Geophysics To Complete Airborne Geophysical Survey This Winter
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