CityView Identifies 59 Prospects on Its Ucua Licence in Angola.
MGS' structural interpretation has identified 3 major structural zones across the licence:
* Ucua Deformation Zone - 6.5 km wide shear zone running WNW-ESE across the northern part of the licence
* Broad Zone of N/S - NNE trending faults - 10 km wide zone in central part of licence
* Zenza Fault Zone - NE/ENE trending fault zone in south-central part of the licence
The known pegmatite occurrences on the Ucua licence occur within the Zenza Fault Zone. These faults cross cut and hence post date a local granodiorite intrusion. A number of faults have been recognised which may have been important for localizing pegmatites.
The Ucua Deformation Zone has been recognised by MGS as having good potential for shear zone hosted gold mineralization. It is a prominent deformation zone with many splays and branches, and it is thought that mineralised shear veins may have been generated during the initial formation of the structure. Economic gold deposits are commonly located along subsidiary second order structures to the principal shear zones.
MGS also states that there may also be potential for mineralization derived from hydrothermal fluids associated with an Upper Archaean granodiorite body that lies immediately south of the Ucua Deformation Zone. This intrusion may have acted as a thermal 'driver' for hydrothermal fluid circulation within the Ucua Deformation Zone.
In all, 59 exploration targets have been identified by MGS across the Ucua licence (see figure at http://www.cityviewcorp.com/recentframe.html).
Some of these relate to the known pegmatites around the Dande Pegmatite Complex, others relate to new targets for gold exploration as outlined above.
MGS recommends that further ground work be carried out, most notably around the Dande Pegmatite Complex and the Ucua Deformation Zone. This will be incorporated in the current field season commencing on April 20, 2007.
About CityView Corporation
City View Corporation Ltd. is an exploration and development company. It is management's objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at: www.cityviewcorp.com
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provision of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, and performance. Forward-looking statements are subject to risk and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete transactions which remain subject to a due diligence review, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify from time to time. Accordingly, there is no certainty that the company's plans will be achieved.
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|Date:||Apr 17, 2007|
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