| ||July 25, 2006|
Final Report Received For Airborne Geophysical Survey
| ||Alastair J. Sinclair, president of International Croesus Ventures Corp. is pleased to announce that the final report has been received for an airborne geophysical survey conducted by Fugro Airborne Surveys Corp. over the company's properties totalling 70,226 hectares about 30 km west of Puerto Vallarta, Mexico.|
Preliminary results for the 1859 km survey were received earlier and led to (1) acquisition of the Volantin property (which ties all the companies properties into a contiguous group), and (2) a surface exploration program on the southern Cabrel property (4271 Ha) in the Bramador area, which encompasses several past-producing, gold-bearing massive sulphide deposits. The exploration program was terminated recently due to onset of the wet season but has already produced new insight into the geology of the area.
The northern block covered by the survey consists of three contiguous properties, El Maple (2622 Ha), Canton (6515 Ha) and Almatea (15486 Ha), all of interest because they are underlain by extensive areas of the same Mesozoic volcanic sequence that is host to the numerous silver-zinc massive sulphide deposits that have produced in the recent past.
The final geophysical report indicates a substantial number of anomalies both in the northern block and in the Bramador area. These anomalies will require detailed ground examination, particularly in the light of new geological information and analytical results for the more than 1500 geochemical samples taken during this recent exploration.
Michelle Robinson, M.Sc., 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.
ON BEHALF OF THE BOARD "ALASTAIR J. SINCLAIR" Alastair J. Sinclair, Ph.D.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy, or accuracy of this release. International Croesus Ventures Corp.
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