Snowfield's second drill gets started at Mud Lake
Snowfield Development Corp SNO
Shares issued 13,080,956 Feb 17 2003 close $ 0.19
Tuesday February 18 2003 News Release
Mr. Robert Paterson reports
SECOND RIG COMMENCES DRILLING - MUD LAKE
Snowfield Development has added a second drill to the company's drill program in the Mud Lake area. Based on the success of its initial drilling on the Mud Lake target, which resulted in the discovery of a kimberlite, as reported in Stockwatch on Jan. 29, 2003, Snowfield has contracted Major Drilling Group Inc. to complete an initial 1,000 metres (3,280 feet) of diamond drilling at Mud Lake in the Drybones Bay area, Great Slave Lake, NWT. An access ice road was ploughed on Feb. 13, 2003, and a Longyear 56 drill was mobilized on Saturday, Feb. 15, 2003, to expand the drilling program on the kimberlite discovery in the immediate Mud Lake area. The Mud Lake kimberlite discovery is located approximately 55 kilometres southeast of Yellowknife, NWT. Snowfield now has two drills at Mud Lake, with the Longyear 56 operating on a 24-hour-a-day, seven-day-a-week basis.
Snowfield is targeting the completion of 3,000 feet of drilling in the Mud Lake area by the end of February, 2003.
Permitting for drilling on the GTen 1, GTen 2, GTen 3 and GTen 5 claims, optioned by Snowfield (50 per cent) from Diamonds North Resources Ltd. (25 per cent) and Mike Magrum and Brian Weir (collectively, 25 per cent) is advanced. These claims are located immediately to the north and east of the Drybones Bay pipes currently being drilled by New Shoshone Ventures. It is the company's intention to have a stage 1 drilling program on these claims completed before the end of April, 2003.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
old url (better for printing) |
