Snowfield Development Corp.: 2008 Exploration Drill Program Commenced
09 Janeiro 2008 - 12:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SNO) announces that
its 2008 exploration drill program commenced today at the Ticho
Diamond Project located 55km Southeast of Yellowknife, NWT. Two
crews are currently in camp and drilling on a 24 hour basis with a
third crew expected to be mobilized on January 15th, 2008. The
current exploration drilling is focused on identifying new
kimberlite bodies known to exist to the Northeast of the previously
discovered Mud Lake diamondiferous kimberlite. These targets
include Swamp Lake, Aspen Lake and the Sipper Lake area.
Ice road access has been established to the Ticho Project from
Yellowknife with the contractor now maintaining and widening the
road to accelerate ice formation. When suitable ice thickness is
achieved Snowfield will complete the removal of the remaining 400
tonnes of crushed, bagged and sealed kimberlite from the original
500 tonne bulk sample taken in 2007. Once removed from the site,
the 400 tonnes will be shipped to DeBeers Canada Exploration Ltd.
("DeBeers") Dense Media Separation Plant in Grande Prairie, AB, for
processing and concentration. The initial 100 tonnes of the 500
tonne sample was successfully processed by DeBeers in December
2007. The concentrate from the initial 100 tonnes has now been
received by the two laboratories contracted to undertake diamond
recovery. 1,040.91 kilos is being processed by the Saskatchewan
Research Council ("SRC") and a further 518.80 kilos was shipped to
DeBeers Laboratory in Johannesburg, South Africa. Snowfield has
been notified that their Qualified Person, as defined by NP 43-101,
will be on site in Saskatoon on February 4, 2008 to audit the
diamond recovery process by SRC. Results are expected shortly
thereafter.
Snowfield anticipates a very active 2008 exploration program
including exploration drilling of numerous targets previously
identified, as well as ongoing geophysical and geochemical mapping,
further prospecting and delineation drilling of the Mud Lake
kimberlite complex, currently open in three directions and
identified over 34 acres to date. The Ticho Project encompasses
over 40,000 acres.
On behalf of the Board of Directors,
Snowfield Development Corp.
Robert T. Paterson, President and Director
Shares Issued: 82,565,244
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)
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