Snowfield Development Corp.: 100 Tonnes Delivered to Grande Prairie, Alberta!!
30 November 2007 - 9:01AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: SNO) has reached a
significant milestone in the process of exploring, and ultimately,
evaluating the viability of its Ticho Diamond Project located
approximately 55km South East of Yellowknife, NWT.
The delivery of the first 100 tonnes of kimberlite, of a 500
tonne total bulk sample, to DeBeers Canada Exploration Ltd. Dense
Media Separation Plant, located in Grande Prairie, AB, will enable
DeBeers to begin processing the kimberlite on December 3, 2007.
This processing is expected to take ten days. The Company's
Qualified Person, as defined by National Policy 43-101 will be on
site in Grande Prairie to audit the procedure. The remaining 400
tonnes are expected to arrive at DeBeers Grande Prairie facility in
February 2008 with processing scheduled for March 2008.
The Mud Lake kimberlite, part of the Ticho Project, was sampled
in the spring and summer of 2007. The 500 tonnes of kimberlite was
then crushed, bagged and sealed on site under relevant security
procedures. The full 500 tonnes was scheduled to be shipped by
barge for transportation to Hay River, NWT and Grande Prairie,
Alberta. However, due to the failure of the barge company to meet
its commitment to transport the kimberlite, 100 tonnes was
airlifted by helicopter. The remaining 400 tonnes will be trucked
out as ice road conditions permit, historically the month of
February. The ability of the Company to make alternate plans to
move the kimberlite is further testament to the advantage of the
Ticho Project's location. The proximity to Yellowknife, with its
associated infrastructure, provides Snowfield with a considerable
benefit, both in terms of cost and availability of options in its
ongoing exploration of the Ticho Project.
The initial 100 tonnes will yield approximately 1 tonne of
concentrate. Previously conducted caustic fusion analysis of a
small sample of drill core from the Mud Lake kimberlite confirmed
the capacity of the kimberlite to carry macro diamonds. This
analysis compared very favorably with other caustic fusion testing
carried out by other diamond explorers. The presence of
macro-diamonds and significant counts of green garnets - to date
the only reported discovery of such garnets in Canada - are
considered by the Company to be indicative of the quality of the
Mud Lake kimberlite discovery. World-wide the occurrence of green
garnets is always associated with producing diamond mines.
The concentrate, when received from DeBeers, will be divided
into three batches with two batches being sent to Canadian diamond
recovery laboratories and the third batch being sent to DeBeers'
laboratory in Johannesburg, South Africa. The Saskatchewan Research
Council Diamond Recovery Laboratory has informed Snowfield that it
anticipates being able to provide diamond counts to the Company by
the end of January 2008. DeBeers diamond recovery counts are
expected in March 2008 and the Company awaits scheduling details
from Kennecott Canada Exploration's Mineral Processing
Laboratory.
Drilling
Drilling resumed November 16, 2007 with three crews mobilized to
the Ticho Project. These crews provide a 24 hour utilization of one
drill with the second drill operating on one shift. Both drills are
chasing targets to the North East of Mud Lake towards Sipper Lake.
Segments of core from a hole designated Swamp #07-01, were
submitted for assay. These assays have now been received and no
mineralization of interest was reported.
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
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