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Kt4uon Aug 26, 2009 12:05am
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Snowfield Mobilizes Drill Crew To Ticho Project
Snowfield Mobilizes Drill Crew To Ticho ProjectNews Release (NR 09-07) - April 03, 2009
Snowfield Mobilizes Drill Crew To Ticho Project
SNOWFIELD DEVELOPMENT CORP. ("SNOWFIELD") is pleased to announce the mobilization of drill crews to their Ticho Diamond Property, located approximately 50 km southeast of Yellowknife, NT. The primary focus will be to drill test a promising kimberlite target located on the Wire claim at the northern extent of the property.
The target to be tested was first identified by an airborne magnetic survey flown in 1995, and confirmed by a detailed ground magnetic survey in 2005. The anomaly is located roughly in the center of a circular lake with reported overburden depths of 150 ft or more; which is typically deeper than in lakes that have been drilled in the area. The magnetic high signature is circular in shape, with dimensions of 250 x 250 m across, based on existing ground magnetic data.
SNOWFIELD has identified at least two other targets that will be followed up with detailed ground magnetic surveying and drill testing. These targets are circular magnetic high responses identified from airborne magnetic survey data, and occur both on land and under a small lake.
It is anticipated that crews will be on site by April 6, 2009 and drilling will commence shortly thereafter. SNOWFIELD will continue to provide updates on the drill program, which is under the supervision of Jennifer Burgess, P.Geol., a qualified person under NI 43-101.
ON BEHALF OF THE BOARD
"Robert T. Paterson"
President
SNOWFIELD DEVELOPMENT CORP.