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Investors :: News Release >> 2004
December 10, 2004 - The Company completes 2nd Property Acquisition in Mt. Polley – Cariboo Mining Division
 
Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE

December 10, 2004

CONSOLIDATED BIG VALLEY COMPLETES 2ND PROPERTY ACQUISITION IN MT. POLLEY – CARIBOO MINING DIVISION

Consolidated Big Valley Resources Inc. (“CBG”) previously reported entering into an Option Agreement (Nov. 15/04 News Release) whereby CBG agreed to acquire a 100% interest in a gold/copper/molybdenum exploration property (134 contiguous claim units – approx. 3350 hectares) located in the Mt. Polley region. On November 23/04 the TSX Venture Exchange accepted for filing this agreement.

CBG has now completed the first stage of this agreement with the vendor Autry Combs of Quesnel, B.C. In consideration CBG has paid $20,000 cash and has issued 150,000 treasury common shares to the vendor and 19,000 treasury common shares as a finders fee. The shares are subject to a four-month hold period expiring April 10, 2005.

CBG has commissioned a 43-101 Technical Report on the ‘GAVIN LAKE-MIRACLE CLAIMS’ with Marvin A. Mitchell, P.Eng. and will file his completed report on SEDAR when received. The first phase exploration program will commence as soon as possible.

 

ON BEHALF OF THE BOARD

Stuart Tennant
Secretary/Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.