VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SNO) has been notified by DeBeers Canada Exploration Ltd. ("DeB") that the first 100 tonnes of the 500 tonne bulk sample of the Mud Lake kimberlite has been processed through DeBeers' Dense Media Separation Plant in Grande Prairie, Alberta. The processing yielded 1559.71kg of concentrate which was divided into two batches. One batch, weighing 518.80kg, of concentrate has been shipped by air freight with Brink's Canada Limited - Global Services to DeBeers' Laboratory in Johannesburg, South Africa for diamond recovery, with scheduled arrival next week. The second batch, comprising 1559.71kg of kimberlite concentrate, has been sent by truck to the Saskatchewan Research Council's Laboratory in Saskatoon, Saskatchewan where it will arrive this evening, December 13, 2007.

Snowfield had originally intended to divide the concentrate into three batches with the third batch being sent to the Kennecott Canada Exploration's Laboratory in Thunder Bay, Ontario. However, the Company has been informed by Kennecott that due to scheduled maintenance the concentrate could not be processed in time to meet Snowfield's schedule. Results, with diamond counts, are expected to be available from the Saskatchewan Research Council's Laboratory by early February 2008. DeBeers expects to have their diamond counts available by the end of March 2008.

DRILLING

Snowfield has scheduled the Christmas break for their drill crews from December 15, 2007 with drilling resuming January 8, 2008.

The Ticho Project, hosting the diamondiferous Mud Lake kimberlite, is located approximately 50km South East of Yellowknife, Northwest Territories. The remaining 400 tonnes of the 500 tonne bulk sample of diamondiferous kimberlite is expected to be trucked to the DeBeers Dense Media Separation Plant by mid February 2008. As has previously been reported, DeBeers is providing their Dense Media Separation services at no cost to, and with no obligation from, Snowfield.

On behalf of the Board of Directors,

Snowfield Development Corp.

Robert T. Paterson, President and Director

Shares Issued: 80,806,869

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents hereof.

Contacts: Snowfield Development Corp. Robert T. Paterson President and Director (604) 681-5720 or Toll Free: 1-800-859-6463 (604) 681-6937 (FAX) Email: communications@snowfield.com Website: www.snowfield.com

Snowfield Development Corp (TSXV:SNO)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Snowfield Development Corp.
Snowfield Development Corp (TSXV:SNO)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Snowfield Development Corp.