Snowfield awaits Mud Lake samples, plans summer program

2008-05-09 09:40 ET - News Release

Mr. Robert Paterson reports

SNOWFIELD DEVELOPMENT CORP.: EXPLORATION UPDATE

Snowfield Development Corp. has finished its Mud Lake kimberlite delineation and sampling program, and is preparing for an aggressive summer exploration program. The Ticho diamond project is located 50 kilometres southeast of Yellowknife, NWT, and comprises 33,853 acres that are within four kilometres of the Drybones Bay kimberlite at its western extent.

The delineation drill program was undertaken to test the Mud Lake kimberlite complex for spatial continuity and the potential for different diamond populations between the different sills identified from earlier drilling. A total of 38 holes were drilled, most on a grid pattern, intersecting the main upper and lower sill, with numerous stringers in many drill holes. The area extent of the sill complex has been increased from 350 metres by 300 metres, based on previous year's drilling, to 700 metres by 300 metres. Interpretation of drill intercepts is under way to determine the nature and orientation of the sills. Samples from each sill were submitted to the Saskatchewan Research Council Geoanalytical Laboratories accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis using caustic fusion. Results are expected in the month ahead. In addition, samples from both sills have been submitted for indicator mineral analysis, to assess the diamond potential of the Mud Lake kimberlite complex.

The summer exploration program is focused on:

1. Discovering the source of a known indicator mineral dispersion in an area to the north of Mud Lake;
2. Identifying and testing new targets from the interpretation of the continuing compilation of structural, geophysical and geochemical data.

Planned summer activities include a detailed airborne magnetic survey, and till sample collection both up ice of known geochemical dispersions and targeted down ice of geophysical anomalies, prospecting areas of interest and ground-truthing existing anomalies. A short drill program is planned for the late summer/fall to drill test any targets generated from the summer program. The 2008 exploration program is under the supervision of consulting geologist, Jennifer Burgess, PGeol, a qualified person under National Instrument 43-101, who has approved the technical content of this news release.