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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: SAM-DAN who wrote (11106)1/29/2003 6:04:58 PM
From: Al Collard  Read Replies (1) of 11802
 
SNO-v...in the news:

Snowfield Development finds kimberlite stuck in Mud

Wed 29 Jan 2003

News Release

Mr. Robert Paterson reports

FOR IMMEDIATE RELEASE -KIMBERLITE INTERSECTED AT MUD LAKE
Snowfield Development has intersected kimberlite in its first hole drilled
in the Mud Lake area, Drybones Bay, Great Slave Lake, NWT. This hole was
drilled in the central portion of the Mud Lake area and was located
approximately four kilometres southeast of Drybones Bay. This
45-degree-inclined hole was drilled to a depth of 100 metres; altered
kimberlite was encountered between 33.5 metres and 38.7 metres. Core from
this unlogged hole was sent to Barnett Geological Consulting Inc. in
London, Ont., for analysis and electron microprobe work. R. L. Barnett's
report states, "As summarized initially, the textural and mineral chemical
features of samples KA-1, KA-2 and KA-3 all support the interpretation that
the body of rock intersected in drill core on the Mud Lake property is a
kimberlite diatreme breccia."
Snowfield is very encouraged by the success of this first hole. These
results confirm the corporation's belief in the prospectivity of the Mud
Lake area. Further drilling to delineate and sample this intrusion is
currently being planned. Other nearby targets have also been included in
this drill program.
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