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Snowfield Development Corp. ("Snowfield" or the "Company") is pleased to update progress at it's Ticho Project, host of the diamondiferous Mud Lake kimberlite, located approximately 50 km south east of Yellowknife, NWT.
Diamond Drilling
Two diamond drills were mobilized last night by helicopter. These drills are testing two new kimberlite targets developed to the east of the Mud Lake kimberlite and not associated with it. The first target, C2, is located approximately 300 meters north east of the north end of Sipper Lake and is a magnetic "bull's eye" anomaly not associated with a lake. Significant kimberlite indicator minerals (KIM) have been retrieved from soil samples taken down ice from this target. The second drill has been mobilized to test Sipper 14 at the north west corner of Sipper Lake. There is a second discrete KIM train down ice from this target with highly elevated KIM counts.
Field Exploration
An extensive prospecting and soil sampling program has been underway since mid June on previously untested areas of the Ticho Project. This program has been focused on the area to the east of Sipper Lake towards the Red Claim block, and in the south of the Ticho Project on the Hurcombe Claim. Approximately 130 soil samples will be ready for laboratory analyses for KIMs by the end of July. The soil sampling program is designed to verify geophysical anomalies developed from aero-mag surveys previously carried out by Snowfield. Snowfield has recently acquired a ground magnetometer and gradiometer system to assist in ground truthing these aero-mag targets. The data from this equipment can be down loaded nightly and e-mailed to the Company's geophysicist with the interpreted data being back in the field geologist's hands within 48 hours. This will significantly expedite drill target development.
Bulk Sample
It is expected that a blast scheduled for the weekend of July 30 will be the final blast required to construct the catchment benches on the sides of the ramp leading down to the kimberlite sill. Construction of these benches, necessitated by the fractured nature of the granite cap, has been the vast majority of the work involved in accessing the diamondiferous kimberlite, and rapid progress can now be expected to finish extracting, crushing and bagging the 500 tonne bulk sample of kimberlite.
ON BEHALF OF THE BOARD
"Robert T. Paterson"
President
SNOWFIELD DEVELOPMENT CORP.
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