Snowfield Development Corp.

Published : September 13th, 2007

COMPLETES CRUSHING AND BAGGING KIMBERLITE

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Keywords :   Canada | Diamond | Lead |
 
 

News Release (NR 07-24) ? September 13, 2007

 

Trading Symbol: TSX Venture: SNO                                                                                                                Shares Issued: 77,880,869

 

KIMBERLITE READY FOR SHIPMENT

 

            Snowfield Development Corp. (?Snowfield? or the ?Company?) is pleased to announce that it has completed the crushing and bagging of 500 tonnes of kimberlite extracted from its Mud Lake kimberlite discovery. This operation was carried out on site under industry standard normal procedures. The crushed kimberlite is contained in 337 sealed bags and is now ready for onward transportation to the DeBeers Canada Exploration Ltd. (?DeBeers?) Dense Media Separation Plant located in Grande Prairie, AB for further processing.

 

            Upon consulting with DeBeers, the Company has been advised that DeBeers anticipates being able to start processing the 500 tonne bulk sample sometime between November 2007 and January 2008. Snowfield is currently negotiating to have the kimberlite barged to Yellowknife or Hay River for onward trucking to Grande Prairie to meet DeBeers anticipated schedule. As has been previously noted De Beers is providing the service of their Dense Media Separation Plant at no cost to, and with no obligation from, Snowfield.

 

            The Mud Lake kimberlite, part of Snowfield?s Ticho Project, is located on the shore of Great Slave Lake, approximately 50 km southeast of Yellowknife, Northwest Territories. Diamond drilling is currently underway on the approximately 16,000 hectare (40,000 acres) claim group comprising the Ticho Project. It is anticipated that this drilling will lead to the discovery of further kimberlite bodies as geophysical and geochemical surveys have given compelling indications of such, as yet undiscovered, kimberlites. Drilling will continue, on an ongoing basis, through the remainder of 2007 and into 2008.  The Company has two Diamond drills on site and these drills are committed to the Ticho Project for the foreseeable future.  With a fully winterized camp on site, Snowfield has the ability to continue its geophysical, geochemical and prospecting programs now underway, in conjunction with this drilling program.

 

On behalf of the Board of Directors,

 

Snowfield Development Corp.

 

?Robert T. Paterson?

 

Robert T. Paterson

President and Director

 

 THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS HEREOF.

Corporate Communications
Snowfield Development Corp
http://www.snowfield.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Snowfield Development Corp.

CODE : SNO.V
CUSIP : 833396
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Snowfield is a exploration company based in Canada.

Snowfield holds various exploration projects in Canada.

Its main exploration properties are NOTTAWAY, TICHO DIAMOND and SNOW in Canada.

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Financings of Snowfield Development Corp.
12/12/2012EXTENDS PRIVATE PLACEMENT
12/16/2008PRIVATE PLACEMENT
8/29/2008ANNOUNCES PRIVATE PLACEMENT
6/19/2008COMBINES AND RE-PRICES PRIVATE PLACEMENT OFFERINGS
5/20/2008ANNOUNCES PRIVATE PLACEMENT UNIT OFFERING
2/21/2008Announces Super Flow-Through Private Placement with MineralF...
11/14/2007 NEGOTIATES PRIVATE PLACEMENT
10/12/2007ANNOUNCES FLOW-THROUGH SHARE OFFERING
Project news of Snowfield Development Corp.
7/7/2008(Mud Lake)Mud Lake Drill Results
5/9/2008(Mud Lake)announces it has finished its Mud Lake Kimberlite delineatio...
4/24/2008(Mud Lake)UPDATES BULK SAMPLE RESULTS
3/10/2008(Mud Lake) UPDATES BULK SAMPLE RESULTS
1/9/2008(Ticho Diamond)2008 EXPLORATION DRILL PROGRAM COMMENCED
8/20/2007(Mud Lake Area (ticho))EXTRACTS 500 TONNE KIMBERLITE BULK SAMPLE
Corporate news of Snowfield Development Corp.
6/2/2009Completes agreement to acquire 100% interest in four uranium...
3/2/2009MOVES ON ADVANCED SILVER PROJECT
12/8/2008UPDATE
2/27/2008 UPDATES DRILLING AND DIAMOND COUNTS
12/14/2007DeBeers Processed 100 Tonnes of Bulk Sample
11/7/2007SNOWFIELD UPDATE
9/13/2007COMPLETES CRUSHING AND BAGGING KIMBERLITE
7/19/2007Snowfield updates Ticho Project
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