Press Releases
2003
SEPTEMBER
Sep. 11 2003
Stock Option Agreements
Souhail (Abby) Farrage, Director, Consolidated Gold Win Ventures
Inc. (the 'Company') wishes to announce that it has entered into
stock option agreements granting the right and option to purchase
698,196 shares of the Company at $0.10 per share exercisable in
whole or in part on or before five years from September 10, 2003.
CONTACT: TEL: (604) 671-4718
Consolidated Gold Win Ventures Inc.
FAX: (604) 572-1891
AUGUST
Aug. 11 2003
Corporate Update
Further to the Company's news release of July 30, 2003 in respect
of a proposed financing of $250,000, the maximum allowable finder's
fee shall be payable.
CONTACT: TEL: (604) 536-6115
Souhail (Abby) Farrage, Director
JULY
Jul. 30 2003
Private Placements
The Company wishes to announce that it has entered into private
placements for the sale of 2,500,000 units at $0.10 per unit for
a total of $250,000, where each unit consists of one common share
of the Company and one share purchase warrant having a two year
term for the purchase of one further common share of the Company
at the exercise price of $0.12 per share.
CONTACT: TEL: (604) 536-6115
Souhail (Abby) Farrage, Director
JUNE
Jun. 18 2003
Drybones Bay NWT Acquisition by Staking
CONSOLIDATED GOLD WIN VENTURES INC. has acquired, by staking,
5 mineral claims near Drybones Bay, NWT. The contiguous claims,
totalling approximately 13,000 acres are located 40 kilometres
southeast of Yellowknife, NWT. and 12 kilometres north of the
Drybones Bay diamondiferrous kimberlites (DB-01 and DB-02) being
explored by New Shoshoni Ventures Inc. (NSV - TSX-V). New Shoshoni
has recently announced over 250 diamonds were recovered in the
initial drilling on their newly discovered diamondiferrous kimberlite
pipe (DB-02 - NSV News release May 7th, 2003 and June 11th, 2003).
Consolidated Gold Win selected this ground acquisition based on
the kimberlite exploration criteria that "geophysical magnetic
anomalies coincident with small, circular-like lakes" are
present in the area. The company is currently completing a program
of data acquisition and interpretation with regards to the newly
acquired claims and with respects to evaluating additional prospects
for acquisition. The Drybones Bay area is the first new diamondiferrous
kimberlite discovery area in the only producing Slave Craton geologic
province of Canada that has been made in recent years.
Consolidated Gold Win Ventures Inc.
Per: Abby Farrage, Director
TEL: (604) 671-4718
FAX: (604) 572-1891
MAY
May 30 2003
Consolidated Goldwin Completed Detailed Survey of Water Depths
CONSOLIDATED GOLDWIN VENTURES INC. has completed a detailed survey
of the water depths over its two unique magnetic anomalies on
the joint venture property (with New Shoshoni Ventures Inc.),
that abuts the New Shoshoni newly discovered diamondiferrous kimberlite
property to the east (NSV News release May 7th, 2003).
The survey established that the area of the anomalies coincides
with an anomalous depression in the lake bottom. The survey also
determined that shoals lying approximately 200 -300 metres to
the southwest of one anomaly and 300 metres south west of the
2nd anomaly will be able to be utilized to anchor a floating drill
platform once the pending permits are approved.
Recent work on MMI (Mobile Metal Ions) lake survey sediments
in eastern Canada to identify lake depressions as kimberlites
is being reviewed and will be employed if it can identify the
exact location of a suspected kimberlite.
The company is currently completing its Private Placement of
$500,000 at $0.12 per unit.
CONTACT: TEL: (604) 671-4718 Abby Farrage, Director
FAX: (604) 572-1891
May 7 2003
Raising Private Placements
Consolidated Gold Win Ventures Inc. (the 'Company') wishes, pursuant
to its March 25, 2003 press release, to re-announce that it raising
private placements in the aggregate amount of $500,000 to fund
exploration programs on existing projects held by the Company,
where 4,166,667 units are being offered at the price of $0.12
per unit consisting of one share and one warrant having an exercise
price of $0.15 per share during the first year and $0.20 per share
during the second and last year.
The Company also wishes to announce that it has entered into
stock option agreements granting the right and option to purchase
1,211,638 shares of the Company at $0.10 per share exercisable
in whole or in part on or before five years from February 11,
2003.
CONTACT: TEL: (604) 671-4718 Abby Farrage, Director
FAX: (604) 572-1891
May 1 2003
Hydrographic survey for Drybones Bay target
Consolidated Goldwin Ventures Inc. ('CGW - TSX.V') has dispatched
a survey crew to establish lake bottom topography underlying the
waters around the initial kimberlite target planned for drill
testing at the Company's Drybones Bay area property. Goldwin's
GSL claims adjoin the Drybones Bay property where New Shoshoni
Ventures Ltd. ('NSV-V') recently drilled a new kimberlite discovery
(DB02). Goldwin is earning a 50% interest in the GSL property
under an option agreement with New Shoshoni. The object of this
hydrographic survey is to determine water depths surrounding the
geophysical anomaly in order to establish drill placements to
intersect the target.
On behalf of the Board of Directors
'Abi Farrage'
Abi Farrage, President
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially
from those indicated by such statements. All statements, other
than statements of historical fact, included herein, including,
without limitations statements regarding future production, are
forward looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements.
CONTACT: CONSOLIDATED GOLDWIN VENTURES INC., Corporate Office:
1016 - 470 Granville Street, Vancouver, BC CANADA, V6C 2T6, Tel:
(604) 671-4718, Fax: (604) 608-0344
APRIL
Apr. 23 2003
Correction To Press Release Dated April 11, 2003
Consolidated Gold Win Ventures Inc. (the 'Company') wishes to
announce a correction to its press release dated April 11, 2003.
The press release erroneously announced that the Company agreed
to purchase a 100% interest in certain properties in the Ungava
Region of Northern Quebec by paying the vendors $125,000 and issuing
to the vendors 1,000,000 shares of the Company's treasury stock.
This is incorrect and a typographical error. The Company is only
paying the vendors $25,000 and issuing the vendors 1,000,000 shares
of the Company's treasury stock.
Consolidated Gold Win Ventures Inc.
Abby Farrage, Director
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED
OF THE CONTENTS HEREIN.
CONTACT: TEL: (604) 671-4718 CONSOLIDATED GOLD WIN VENTURES INC.
FAX: (604) 572-1891
Apr. 17 2003
Land Use Permit Application
Consolidated Gold Win Ventures Inc. (the 'Company') wishes to
announce that, with respect to the Drybones (Gten and Gnine) property
located in the Northwest Territories, the Company has had its
land use permit application referred to the appropriate agency
for review where all of such applications are currently being
reviewed. The Company has been in contact with the relevant agencies
in an effort to expedite this process.
The Company has identified at least 10 additionally identified
potential kimberlite targets accessible to exploration year round
in its Northwest Territories projects. Certain of these targets
are proximal to the areas that Diamonds North Resources is currently
carrying out drilling exploration programs.
The Company is actively involved in securing a land use permit
to drill two anomalies northwest of Drybones Bay. These are accessible
on ice or from a barge.
The proposed acquisition of the northern Ungava properties in
the area currently being explored by Canadian Royalties is considered
an additional opportunity to the Company's ongoing plans be a
diversified junior exploration company.
Exploration work on the Yehinko property is still planned to
commence this summer.
The company is currently working towards the completion of its
private placement of $500,000 at $0.12 per unit.
CONTACT: TEL: (604) 671-4718 Abby Farrage, Director
FAX: (604) 572-1891
Apr. 11 2003
Goldwin acquires ten Raglan, Quebec area properties
Consolidated Goldwin Ventures Inc. ('CGW - TSX-VEN') has concluded
an agreement to acquire 10 properties totaling 2840 acres in the
Ungava Region of Northern Quebec. One property ties onto and is
partially surrounded by a project in which Novawest Resources
Inc. ('NVE') has announced April 11th, 2003 a $12,000,000 joint
venture allowing Cascadia International Resources Inc. ('CJ')
to earn in 50% interest. Goldwin's other 9 properties adjoin property
owned by Falconbridge (Toronto:'FL.TO')and property owned by Canadian
Royalties ('CZZ').
Goldwin has agreed to purchase a 100% interest in the subject
properties by paying the vendors $125,000 and issuing to the vendors
1,000,000 shares of the company's treasury stock. The vendors,
who are arms length, will retain a 1% Net Smelter Royalty of which
0.5% may be purchased by Goldwin for $1,000,000.
Falconbridge's world-class Raglan mine and the recent discovery
by Canadian Royalties indicate a new nickel-copper mining camp
is developing with huge potential for associated platinum group
metals. In December, 1997, Falconbridge opened the Raglan mine
at a capital cost of $550 million. Production is 130,000 tonnes/year
of concentrate, with an estimated production cost of $1.50 (US)
per pound of nickel, one of the world's lowest-cost producers.
The presence of significant platinum group metal values is a large
contributing factor. On the Falconbridge property, nine significant
nickel- copper deposits have been discovered over a length of
60 km. The placement of the ore bodies along the Raglan trend
has been compared to a string of pearls. Canadian Royalties has
discovered a number of mineralized zones in a 'Voisey- Bay-like'feeder
system south of the Falconbridge deposits. The platinum group
metal (PGM) assays which have been reported clearly show that
the PGM content of the Raglan camp is very anomalous in the context
of world nickel camps. Some of the Goldwin properties contain
the same assemblage of rocks which host the new discoveries made
by Canadian Royalties.
The Ungava region is expected to receive substantial exploration
interest during 2003 and Goldwin is well positioned to participate
in the area.
On behalf of the Board of Directors
'Abi Forrage'
Abi Farrage, President
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially
from those indicated by such statements. All statements, other
than statements of historical fact, included herein, including,
without limitations statements regarding future production, are
forward looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements.
MARCH
Mar. 25 2003
Raising Private Placements
Consolidated Gold Win Ventures Inc. (the 'Company') wishes to
announce that it is raising private placements in the aggregate
amount of $500,000 to fund exploration programs on existing projects
held by the Company, where 4,166,667 units are being offered at
the price of $0.12 per unit consisting of one share and one warrant
having an exercise price of $0.15 per share during the first year
and $0.20 per share during the second and last year.
Abby Farrage, Director
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED
OF THE CONTENTS HEREIN.
CONTACT: TEL: (604) 671-4718 CONSOLIDATED GOLD WIN VENTURES INC.
FAX: (604) 572-1891
Mar. 21 2003
Private Placement-Non-Brokered
Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced March 3,
2003:
Number of Shares: 2,000,000 shares Purchase Price: $0.10 per
share Warrants:
2,000,000 share purchase warrants to purchase 2,000,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 11 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares New Insider=N [in the
event warrants are exercised]
Souhail (Abby) Farrage Y 410,000 David Leon Williams Y 410,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
Mar. 19 2003
Private Placement-Non-Brokered
Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced January
29, 2003:
Number of Shares: 592,000 flow through shares 148,000 non-flow
through shares
Purchase Price: $0.10 per share
Warrants: 740,000 share purchase warrants to purchase 740,000
non-flow through shares
Warrant Exercise Price: $0.15 in the first year $0.20 in the
second year
Number of Placees: 4 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares
New Insider=N [in the event warrants are exercised]
Souhail Abby Farrage Y 280,000 FT
Souhail Abby Farrage Y 70,000 NFT
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the
Company must issue a news release announcing the closing of the
private placement and setting out the expiry dates of the hold
period(s). The Company must also issue a news release if the private
placement does not close promptly.
Mar. 17 2003
Mobilizing Geophysical Crew
Kokanee Placer Ltd. has advised CONSOLIDATED GOLDWIN VENTURES
INC. that it is mobilizing a geophysical crew in the next few
weeks to conduct specific magnetometer surveying on its two newly
acquired diamond properties, the Cleft and ZZL (Newsrelease #
9) and on an additional area on its GSL claims under option from
New Shoshoni Ventures Ltd. in the Drybones Bay area of Great Slave
Lake in the Northwest Territories, Canada.
The two new properties and the additional area on the original
optioned property were identified as being prospective from their
topographic features and from the regional airborne government
magnetic survey. The responses have never been investigated by
detailed airborne or ground surveying and are interesting in the
similarity to the areas currently being explored by New Shoshoni
Ventures where that company has intersected a new kimberlite pipe.
Initial magnetometer surveying will be completed over all three
areas by the geophysical crew working out of Yellowknife. NWT.
The Company also announces the grant of 1,077,500 incentive stock
options having an exercise price of $0.10 per share and having
an exercise term of 5 years. Abby Farrage, Director
CONTACT: David Williams
TEL: (604) 536-6115
Mar. 5 2003
Appoints Kokanee Placer Ltd. to Oversee its Proposed Exploration
CONSOLIDATED GOLDWIN VENTURES INC. has appointed Kokanee Placer
Ltd. an exploration management and consultant company to oversee
its proposed exploration program on its diamond properties in
the Drybones Bay area of Great Slave Lake in the Northwest Territories,
Canada.
This property, which is optioned from New Shoshoni Ventures Ltd.
and adjoins the Drybones Bay Kimberlite, which is currently being
explored by New Shoshoni Ventures Ltd., is currently in the permitting
stage to drill test magnetic anomalies similar to those tested
by New Shoshoni Ventures Ltd. New Shoshoni Ventures Ltd. reported
that its first drill program of a discreet magnetic anomaly adjacent
to the diamondiferrous Drybones Bay Kimberlite intersected a new
kimberlite pipe. The Drybones Bay Kimberlite, determined by exploration
in the 1990's to be diamond bearing, is the largest kimberlite
discovered to date on the Slave Craton. The recent discovery by
New Shoshoni and discoveries by Snowfield Resources Ltd. of additional
kimberlite associated with discreet magnetic anomalies highlights
the potential for the discovery of a significant cluster of diamondiferous
kimberlites in the area.
In addition, the Company wishes to announce the grant of 1,525,638
stock options having an exercise price of $0.10 per share and
an exercise term of 5 years.
Consolidated Gold Win Ventures Inc.
Per: 'Abby Farrage'
Abby Farrage, Director
CONTACT: TEL: (604) 536-6115 David Williams
Mar. 4 2003
Property-Asset Acquisition
Tier 2 Company
The TSX Venture Exchange has accepted for filing documentation
relating to the Option to Purchase Agreement dated February 26,
2003 between the Company and 644981 BC Ltd. whereby the Company
has the option to acquire 100% interest in the ZZL and Cleft mineral
claims located in the South Mining District of the Northwest Territories
in consideration of $10,000 and 400,000 common shares. The property
is subject to a 2.5% NSR and a 2.5% GORR.
Per: Abby Farrage, Director
Consolidated Gold Win Ventures Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
Mar. 3 2003
2,000,000 Units Private Placement Financing
Consolidated Gold Win Ventures Inc. (the 'Company') wishes to
announce a private placement financing of 2,000,000 units at $0.10
per unit, where each unit shall comprise of 1 share and 1 share
purchase warrant for the purchase of one further share at the
exercise price of $0.15 per share during an exercise term of 2
years.
Per: Abby Farrage, Director
Consolidated Gold Win Ventures Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
FEBRUARY
Feb. 21 2003
Land Use Permit Application Accepted As Complete For Proposed
Exploration Program
CONSOLIDATED GOLDWIN VENTURES INC. has had its Land Use Permit
Application accepted as complete for its proposed exploration
program on its diamond properties in the Drybones Bay area of
Great Slave Lake in the Northwest Territories, Canada. The permit
is expected to be issued shortly.
This property is optioned from New Shoshoni Ventures Ltd. and
adjoins the Drybones Bay Kimberlite which is currently being explored
by New Shoshoni Ventures Ltd. New Shoshoni Ventures Ltd. has just
announced that its first drill program of a discreet magnetic
anomaly adjacent to the diamondiferrous Drybones Bay Kimberlite,
has intersected a new kimberlite pipe.
New Shoshoni Ventures Ltd has reported 'The new kimberlite has
a green friable ground mass with numerous small and large fragments
of both country rock and other exotic rocks. Garnets were noted
throughout the examined sections by the on-site Qualified Person,
W.G. Timmins, P.Eng.'
This new discovery of a second kimberlite pipe in the Drybones
Bay area highlights the potential for the discovery of a significant
cluster of diamondiferous kimberlites in the area. New Shoshoni
is continuing to explore the area.
The discreet magnetic anomaly that was drilled and found to be
related to a kimberlite pipe has a similar discreet magnetic signature
to those found on Consolidated Goldwin's properties (CGW Newsrelease
#7).
The Drybones Bay Kimberlite, determined by exploration in the
1990's to be diamond bearing, is the largest kimberlite discovered
to date on the Slave Craton. The recent discovery by New Shoshoni's
of 'DB-02'and of Snowfield Resources Ltd.'s kimberlite dykes (also
associated with discreet magnetic anomalies) some 5 kilometres
south of 'DB-02' are encouraging of further new discoveries in
the area.
CONTACT: TEL: 604 682-5281 CGW office
TEL: (604) 536-6115 David Williams
Feb. 19 2003
Board Appointment
CONSOLIDATED GOLDWIN VENTURES INC. is pleased to announce the
appointment of David Williams to the Board of Directors. Mr. Williams,
having over 20 years of investment experience in the areas of
venture capital finance and mineral exploration, shall, in addition
to his role as a Member of the Board, coordinate the corporate
finance operations of the Company.
CONTACT: Abby Farrage, Director
TEL: (604) 671-4718 Consolidated Gold Win Ventures Inc.
FAX: (604) 572-1891
Email: farrage@gwv-v.com
Feb. 11 2003
Option Agreements
Consolidated Goldwin Ventures Inc. has agreed to acquire, through
option agreements, two new potential kimberlite properties in
the area of the diamondiferrous Drybones Bay Kimberlite on Great
Slave Lake, N.W.T.
The mineral properties, the ZZL and Cleft claims are located
north and east, respectively from Drybones Bay are optioned for
a 100% interest by the issuance of 400,000 shares from treasury
and payment of $10,000. The vendor retains a 2.5 % Gross Overriding
Royalty ('GOR') on any production of gemstones from the properties
and a 2.5% Net Smelter Royalty ('NSR') on any other mineral production
from the properties with a 1% buyback provision.
These properties acres, may host kimberlite pipes and were selected
on the exploration criteria of small, sub-circular airborne magnetic
and electromagnetic geophysical anomalies overlying topographic
anomalies such as unusually deep, small round lakes or small circular
bays along the shore of the river systems. The properties are
on the Slave Craton, which hosts the Ekati and Diavik diamond
mines further to the northeast. The region in which the properties
are located is currently undergoing active exploration for kimberlites.
Snowfield Development Corporation, engaged in a drill program
in the area, has recently announced the discovery of kimberlitic
material approximately 4.5 kilometers to the east of the Drybones
Bay kimberlite.
The Company is planning an active exploration program to be conducted
on these properties and on its other Drybones Bay property commencing
in early spring. A drill program by New Shoshoni Ventures is currently
testing geophysical anomalies adjacent to the known diamondiferous
Drybones Bay kimberlite.
CONTACT: Abby Farrage, Director
TEL: (604) 671-4718 Consolidated Gold Win Ventures Inc.
FAX: (604) 572-1891
JANUARY
Jan. 29 2003
Non-Brokered Private Placement
Consolidated Gold Win Ventures Inc. (the 'Company') wishes to
announce that it is carrying out a non-brokered private placement
of up to 1,000,000 investment units at a price of $0.50 per investment
unit (the 'Offering Price'), subject to the approval of the TSX
Venture Exchange.
Each of the investment units (the 'Investment Units') consists
of 4 flow-through units (the 'Flow-Through Units') and 1 non-flow-through
unit.
Each Flow-Through Unit consists of 1 flow-through common share
of the Issuer ('Flow-Through Share') and 1 non-flow-through warrant
to purchase 1 non-flow-through common share of the Issuer (the
'Warrant'), and each non-flow-through unit consists of 1 non-flow-through
Share and 1 Warrant.
Each of the Warrants entitles the purchaser to purchase 1 non-flow-through
Share for a period of two years from the date of issuance of the
Warrant, with an exercise price of $0.15 per non-flow-through
Share in the first year from the date of issuance of the Warrant
and $0.20 per non-flow-through Share in the second year from the
date of issuance of the Warrant.
CONTACT: Abby Farrage, Director
TEL: (604) 671-4718 Consolidated Gold Win Ventures Inc.
FAX: (604) 572-1891
Jan. 16 2003
Management Discussion
Finances
Consolidated Gold Win Ventures Inc. will continue next year with
it's plan to raise up to $500,000 in funding by issuing flow through
shares. This private placement will consist of 3,333,333 units
for CGW offered at 15 cents per unit, wherein each unit shall
consist of 1 share of CGW and 1 share purchase warrant for the
purchase of one further share at the exercise price of 15 cents
per share during an exercise term of two years. These funds will
be used to continue our exploration efforts on the following properties.
Drybones Bay
Next year CGW intends to continue development on the Drybones
Bay area diamond properties of Great Slave Lake in the Northwest
Territories, Canada. These properties are adjacent to the Drybones
Bay Kimberlite which is currently being explored by New Shoshoni
Ventures Inc. CGW has completed ground geophysics on two of its
anomalies to the west of Drybones Bay. Analysis of this magnetometer
work has been completed and it appears that both anomalies are
associated with recessive bathometric zones in the near shore
areas of Great Slave Lake. The anomalies are discreet with significant
internal relief and have been recommended for further evaluation
by diamond drilling. Drilling is planned for February or March
2003 once the lake is securely frozen to enable transportation
of a drill to the site.
GTEN9 and Yehiniko Properties
Both our GTEN9 diamond properties in the Northwest Territories
and our Yehiniko properties will continue to be explored over
the New Year.
Midnight Mine Property
Consolidated Gold Win Ventures Inc. had acquired options on the
Midnight Mine Property but after review decided not to proceed
with this option at this time.
Goldweb Technologies Inc. (Wholly owned subsidiary of CGW)
Goldweb Technologies Inc. has no new business to report this
year. Goldweb will continue to evaluate new opportunities in the
next year as well as continue to explore new verticals for the
technical assets it already processes.
CONTACT: Abby Farrage, Director Consolidated Gold Win Ventures
Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
Jan. 9 2003
Negotiating To Purchase Mineral Claims In The Raglan (Ungava)
Area Of Northern Quebec
CONSOLIDATED GOLDWIN VENTURES INC. is negotiating to purchase
mineral claims in the Raglan (Ungava) area of Northern Quebec.
The subject property totals approximately 2000 acres and adjoins
Falconbridge's Raglan Nickel-Copper- Platinum- Palladium mine
property. As reported in Stockwatch last year (November 11, 2002)
Canadian Royalties received spectacular assay results (in nickel-copper-cobalt-platinum-palladium-gold)
over broad intervals in diamond drilling they completed last year
on a property along an adjacent mineralized belt to that being
currently mined by Falconbridge. Both the Raglan Mine (Falconbridge)
and the Canadian Royalties property are localized within an east-west
belt of mafic to ultramafic rocks which have been intermittently
explored for nickel and copper since the 1950's. The recognition
of unusually high grade Platinum group minerals associated with
the Canadian Royalties discovery has generated intensive exploration
interest in this area.
CONTACT: Abby Farrage, Director Consolidated Gold Win Ventures
Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
Jan. 7 2003
Drybones Bay Area Diamond Properties Update
CONSOLIDATED GOLDWIN VENTURES INC. is preparing to undertake
further exploration on its diamond properties in the Drybones
Bay area of Great Slave Lake in the Northwest Territories, Canada.
The property is optioned from New Shoshoni Ventures Ltd. and adjoining
the Drybones Bay Kimberlite which is currently being explored
by New Shoshoni Ventures Inc. The recommendation for further evaluation
by diamond drilling has been acted upon by initiating the permitting
process for drilling on these zones and holding discussions with
diamond drilling companies.
CWG completed ground geophysics on two of its anomalies to the
west of Drybones Bay in the spring of 2002 as a follow-up to define
the anomalies detected by earlier airborne geophysical surveys.
Analysis of this magnetometer work has been completed and it appears
that both anomalies are associated with recessive bathometric
zones in the lake bottom. The targets are approximately 500 metres
from the near shore of Great Slave Lake in shallow water from
1 - 5 metres in depth.
The anomalies are discreet with significant internal relief and
have been recommended for further evaluation by diamond drilling.
There appear to be anomalous indicator mineral concentrations
along the shore 'down current'from the geophysical anomalies.
On Grid 1 the anomaly has an elongated WNW axis on the northerly
flank of an associated magnetic identified NW dike system. The
anomaly is discreet and independent of the system and appears
associated with a definite bathometric depression.
The second anomaly on Grid 2 was defined into two adjacent highs
one of which shows three internal magnetic segregations. Another
NW dyke system was identified in the regional survey but is located
south of these discreet magnetic anomalies. As with the Grid 1
anomaly this anomaly appears to be associated with a definite
bathometric depression.
These two anomalies are located approximately 1 kilometre to
the west and northwest of the Drybones Bay diamondiferrous kimberlite
and have never been tested by diamond drilling. Other land based
airborne geophysical anomalies exist on the northmost GSL claim
under option from New Shoshoni which will also be evaluated by
land based geophysical surveys to define these zones.
Approximately 1500 metres of drilling has been applied for to
test the anomalies with 1 or 2 holes each. Drilling is expected
to commence in the spring of 2003, when ice conditions on the
lake permit and on the land based zones in the summer drilling
season.
The Drybones Bay area is the focus of exploration programs currently
being mobilized by New Shoshoni Ventures Inc. and Snowfield Development
Corp. The Drybones Bay Kimberlite is the largest kimberlite discovered
to date on the Slave Craton and was determined by exploration
in the 1990's to be diamond bearing. New Shoshoni is drilling
several additional targets that have similar geophysical signatures
to this known kimberlite. Snowfield is currently drilling a geophysical
target with anomalous indicator minerals down ice from it.
CONTACT: Abby Farrage, Director Consolidated Gold Win Ventures
Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
2002
DECEMBER
Dec. 18 2002
Annual General Meeting on February 11, 2003
On December 17, 2002 the company announced an Annual General
Meeting which will be held on February 11, 2003.
Record date January 7, 2003. Meeting in Vancouver, B.C.
CONTACT: Abby Farrage, Director Consolidated Gold Win Ventures
Inc.
TEL: (604) 671-4718
FAX: (604) 572-1891
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