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Snowfield Development Corp. SWFCF



GREY:SWFCF - Post by User

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Comment by McMoney1on Feb 08, 2008 11:19pm
171 Views
Post# 14343441

RE: Explain Kappa,.......For BDipper

RE: Explain Kappa,.......For BDipperPosted by: BDipper (ID#: 2120630) Original Message: Are you saying , that the concentrate from the first 100 tons, was not sent to DeBeers SA, as per news release, If so,,,, The company is required to, release news, this is material information, directly related to Share Price,,, BDipper --------------------------------------------------------------------- Not defending Kappa he/she does a fine job of that his/herself just sharing info thats avalible IF YOU WOULD DO YOUR OWN DD GLTA McM ===================================================================== December 13, 2007 - 5:04 PM EST close Email this News Article Your Name Your Email Friend's Name Friend's Email Receive Copy: yes SNO:CA 0.465 0.045 Today 5d 1m 3m 1y 5y 10y VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2007) - BULK SAMPLE Snowfield Development Corp. ("Snowfield" or the "Company") (TSX VENTURE:SNO) has been notified by DeBeers Canada Exploration Ltd. ("DeB") that the first 100 tonnes of the 500 tonne bulk sample of the Mud Lake kimberlite has been processed through DeBeers' Dense Media Separation Plant in Grande Prairie, Alberta. The processing yielded 1559.71kg of concentrate which was divided into two batches. One batch, weighing 518.80kg, of concentrate has been shipped by air freight with Brink's Canada Limited - Global Services to DeBeers' Laboratory in Johannesburg, South Africa for diamond recovery, with scheduled arrival next week. The second batch, comprising 1559.71kg of kimberlite concentrate, has been sent by truck to the Saskatchewan Research Council's Laboratory in Saskatoon, Saskatchewan where it will arrive this evening, December 13, 2007. Snowfield had originally intended to divide the concentrate into three batches with the third batch being sent to the Kennecott Canada Exploration's Laboratory in Thunder Bay, Ontario. However, the Company has been informed by Kennecott that due to scheduled maintenance the concentrate could not be processed in time to meet Snowfield's schedule. Results, with diamond counts, are expected to be available from the Saskatchewan Research Council's Laboratory by early February 2008. DeBeers expects to have their diamond counts available by the end of March 2008. DRILLING Snowfield has scheduled the Christmas break for their drill crews from December 15, 2007 with drilling resuming January 8, 2008. The Ticho Project, hosting the diamondiferous Mud Lake kimberlite, is located approximately 50km South East of Yellowknife, Northwest Territories. The remaining 400 tonnes of the 500 tonne bulk sample of diamondiferous kimberlite is expected to be trucked to the DeBeers Dense Media Separation Plant by mid February 2008. As has previously been reported, DeBeers is providing their Dense Media Separation services at no cost to, and with no obligation from, Snowfield. On behalf of the Board of Directors, Snowfield Development Corp. Robert T. Paterson, President and Director Shares Issued: 80,806,869 FOR FURTHER INFORMATION PLEASE CONTACT: Snowfield Development Corp. Robert T. Paterson President and Director (604) 681-5720 or Toll Free: 1-800-859-6463 (604) 681-6937 (FAX) Email: communications@snowfield.com Website: www.snowfield.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents hereof. Source: CCN Matthews (December 13, 2007 - 5:04 PM EST) News by QuoteMedia www.quotemedia.com
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