Press Releases
2005
DECEMBER
December 07, 2005
2005-12-07 17:56 ET - News Release
Mr. Souhail Abi-Farrage reports
CONSOLIDATED GOLDWIN NEVADA GOLD AND COPPER PROPERTY EXPLORATION
COMMENCED -- ELKO COUNTY, NEVADA
Consolidated Gold Win Ventures Inc. has commenced exploration
on its South Dolly Varden gold claims in the Dolly Varden district,
southeast of Elko, Elko county, Nevada. The 18-claim property
is adjacent to the Victoria mine, which operated in the 1970s
and 1980s producing over 24 million pounds of copper, and the
Dolly Varden property which produced gold and copper.
A program of geological mapping, systematic rock sampling and
induce polarization (IP) geophysical surveying is planned to define
drill sites on the identified targets on this copper and gold
property. These targets were identified by Noranda Explorations
in the 1980s and by Atna Resources in the early 2000s, but were
not followed up due to market conditions at those times.
The Dolly Varden area is recognized as a classic eastern Great
Basin district with base and precious metals associated with upper
Paleozoic sediments intruded by Cretaceous auriferous magmas,
which is a similar geological setting to the Battle Mountain skarn
gold type of deposit.
The South Dally Varden claims, have reported significant values
of copper (up to 1.3 per cent) and gold (up to 4.27 grams per
tonne), in grab samples, related to gold-copper porphyry and/or
skam system associated with felsic intrusive dikes. The related
widespread alteration related to these gold and copper values
are potential targets for advanced exploration and development.
The company expects to drill the identified zones early in the
new year, 2006.
Further information can be obtained from the company's website.
Laurence Stephenson, PEng, a qualified person under National Instrument
43-101, has approved the contents of this news release.
NOVEMBER
November 08, 2005
Cons Gold Win arranges $350,000 private placement
2005-11-08 11:48 ET - News Release
Mr. Souhail Abi-Farrage reports
Consolidated Gold Win Ventures Inc. has entered into a private
placement for the sale of seven million units at five cents per
unit for a total of $350,000, where each unit consists of one
common share of the company and one share purchase warrant, each
warrant having a two-year term for the purchase of one further
common share of the company at the exercise price of 10 cents
per share. The total placement will be broken into both flow-through
and non-flow-through shares and warrants.
The maximum allowable finder's fee shall be payable.
OCTOBER
October 27, 2005
Cons Gold Win begins Nevada Au-Cu property exploration
12:11 ET - News Release
Mr. Souhail Abi-Farrage reports
CONSOLIDATED GOLDWIN VENTURES ACQUIRES NEVADA GOLD AND COPPER
PROPERTY ELKO COUNTY, NEVADA
Consolidated Gold Win Ventures Inc. has commenced exploration
on its 50-per-cent-owned South Dolly Varden claims in the Dolly
Varden district, southeast of Elko county, Nevada. A program of
geological mapping and systematic rock sampling, and induced polarization
(IP) geophysical surveying is planned to delineate drill targets
on this copper-gold property. The 18-claim property is adjacent
to the Victoria mine, which operated in the 1970s and 1980s, and
produced over 24 million pounds of copper.
The Dolly Varden area is recognized as a classic eastern Great
Basin district with base and precious metals associated with upper
Paleozoic sediments intruded by Cretaceous auriferous magmas.
The South Dolly Varden claims have reported significant values
of copper (up to 1.3 per cent) and gold (up to 4.27 grams per
tonne), in grab samples, related to gold-copper-porphyry and/or
skarn system associated with felsic intrusive dikes. The related
widespread alteration on the property contains potential targets
for advanced exploration and development.
The company expects to drill newly identified zones early in the
spring of 2006. The region is accessible year-round for exploration
work.
October 17, 2005
Cons Gold Win says good news: We made the pinks!
19:16 ET - News Release
Consolidated Gold Win Ventures Inc. is pleased to have acquired
a trading symbol on the U.S. pink sheet market. The company is
waiting for its market-maker to file a Form 15C211 with the securities
commission to make the symbol fully tradable. The U.S. symbol
shall be CGWVF.
October 05, 2005
Cons Gold Win receives drilling permit for Drybones Bay
13:28 ET - News Release
Mr. Souhail Abi-Farrage reports
PERMIT APPLICATION APPROVED NWT EXPLORATION PROGRAMS CONTINUE
Consolidated Gold Win Ventures Inc. received confirmation from
the Mackenzie Valley Land and Water Board (MVLWB) that its land
use permit (LUP) application for drilling on various landholdings
in the Drybone Bay area of the Northwest Territories was approved
and issuance was subject to a review by the Mackenzie Valley Environment
Impact Review Board (MVEIRB). This LUP covered an amended drill
site just north of the area drilled in 2004 (and New Shoshoni's
diamondiferous kimberlite discovery) and five other target areas
in the Slave Craton.
The company has initiated work on its Elko county, Nevada, gold
copper property which will include drill target selection later
this year.
Work was completed by the company's joint venture partner on
its Yehinko area claims and the company is awaiting the full analysis
of the results.
In the Ungava region of northern Quebec, CGW is monitoring the
recent results announced by Falconbridge of its newest drilling
and exploration results, and how it relates to the company's holdings
in that developing region.
The company is anticipating that joint venture partner Snowfield
Developments will restart the drilling program interrupted last
spring, on the GTEN 16-claim kimberlite targets in the immediate
future.
Laurence Stephenson, PEng, a qualified person under National
Instrument 43-101, has approved the contents of this news release.
JULY
July 07, 2005
Cons Gold Win arranges $350,000 financing
19:53 ET - News Release
Mr. Souhail Abi-Farrage reports
PRIVATE PLACEMENT
Consolidated Gold Win Ventures Inc. has entered into private placements
for the sale of seven million units at five cents per unit for
a total of $350,000, 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 10 cents per share. Of these units, 4.9
million will consist of flow-through shares and flow-through warrants
and the remaining 2.1 million of these units will consist of non-flow-through
shares and non-flow-through warrants.
The maximum allowable finder's fee shall be payable.
The proceeds of this private placement will be used for working
capital and future acquisitions.
July 05, 2005
Cons Gold Win releases hold period expiry date
2005-07-05 17:37 ET - News Release
Mr. Souhail Farrage reports
Consolidated Gold Win Ventures Inc. has released the following
hold period expiry dates in respect of the property acquisition
reported in Stockwatch on May 6, 2005: 400,000 common shares --
Nov. 6, 2005.
JUNE
June 1, 2005
Cons Gold Win Yehinko property agreement
16:14 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation
in connection with a purchase agreement dated May 3, 2005, between
Consolidated Gold Win Ventures Inc. and Gillian Mary Wells whereby
the company has acquired an undivided 100-per-cent interest in
and to the GW 1-4 claims in the Yehinko area of northwestern British
Columbia. Consideration is $50,000 and 400,000 common shares.
June 07, 2005
Cons Gold Win, Snowfield to test low anomaly on GTen 16
13:10 ET - News Release
Also News Release (C-SNO) Snowfield Development Corp
Mr. Souhail Abi-Farrage of Consolidated Gold Win reports
DRILLING CONTINUES IN DIAMOND EXPLORATION PROGRAM
Consolidated Gold Win Ventures Inc. and Snowfield Development
Corp. are continuing the drilling program on Snowfield's 100-per-cent-owned
GTen 16 property in the Drybones Bay kimberlite camp on Great
Slave Lake, which Consolidated Gold Win Ventures has an option
to earn a 49-per-cent interest.
The GTen 16 property, located 15 kilometres northeast of Snowfield's
Mud Lake kimberlite discovery and approximately 18 kilometres
east of New Shoshoni's two diamondiferous kimberlite pipe discoveries,
had an initial drill hole completed on one target from the ice
this past winter.
Delineation geophysics have outlined a strong high and low magnetic
anomaly on the GTen 16 claim, which is typical of kimberlites
elsewhere. The high was tested from the ice and the low is to
be drill tested this month, from land. The first drill hole intersected
non-magnetic granite and has not explained this significant anomaly.
Drilling, which will complete the initial work commitment, is
expected to continue throughout this month.
Laurence Stephenson, PGeo, a qualified person under National
Instrument 43-101, has approved the contents of this news release.
MAY
May 31 2005
YETI PROPERTY INVOLVED IN MAJOR GOLD EXPLORATION PROGRAM
(VANCOUVER BC; May 31, 2005) CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) have optioned a 50% interest in its Yehinko (Yeti
Claims) property in the Liard Mining Division in northern British
Columbia to Kodiak Exploration Limited (TSXV: KXL) who have announced
that it has assembled a 25,722 hectare (63,560 acre) package of
mineral claims in the area.
The “Yellow Yeti” project, covers an area prospective
for copper-gold mineralization similar to the mineralization found
at Galore Creek, Copper Canyon and Schaft Creek, all of which
are situate within 25 kilometres of the Yellow Yeti property and
collectively report in excess of one billion tonnes of mineral
reserves.
The “Yellow Yeti” project includes Consolidated Gold
Win Ventures Inc.’s Yeti and its newly acquired GM mineral
claims.
Located 20 kilometres southwest of Telegraph Creek, British Columbia,
the Yellow Yeti property is a large contiguous land package with
multiple copper-gold showings. The geology is highly prospective
for porphyry and massive sulphide deposits, mesothermal and epithermal
veins, and skarn mineralization. There has been minimal historic
exploration conducted to date and the ongoing retreat of glaciers
continues to expose new tracts of highly prospective ground in
areas that previously reported mineralization and anomalous stream
samples. Due to the significance of these showings and the exposure
of new prospects, this area is left wide open for discovery and
further, more extensive exploration is warranted.
Under the agreement with Consolidated Gold Win Ventures Inc.,
Kodiak Exploration Limited holds an option to acquire a 50% interest
in nine mineral claims (subject to an underlying NSR) on the following
terms:
(a) 50,000 shares by October 30, 2005;
(b) $150,000 in exploration expenses on the claims by October
30, 2006; and
(c) 100,000 shares by October 30, 2006; and a further option to
acquire an additional 25% interest in those mineral claims by
incurring an additional $250,000 in exploration expenses by October
30, 2008.
The referenced property options are subject to acceptance of
filings in respect of same by the TSX Venture Exchange.
Laurence Stephenson, P. Eng., a Qualified Person under National
Instrument 43-101, has approved the contents of this News Release.
May 25 2005
TARGETS DEFINED IN DIAMOND EXPLORATION PROGRAM
(VANCOUVER BC; May 25, 2005) CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) NEW SHOSHONI VENTURE INC. (NSV TSX-V) and SNOWFIELD
DEVELOPMENT CORP. (SNO TSX-V) have completed its first drill hole
on the Fate property, which forms part of the Defeat Lake Joint
Venture (New Shoshoni Ventures Ltd. 75%, Snowfield Development
Corp. 15% and Consolidated Goldwin Ventures Inc. 10%).
The hole was drilled vertically to a total depth of 137.7 meters
in order to test a sub-circular magnetic anomaly located in Defeat
Lake. Preliminary field reports indicate that below 62.5 meters
of water and lake sediment shattered and altered granite was encountered
to a depth of 130.5 meters. From the 130.5 meter level to the
132.5 meter level, material that resembles sand stone or possibly
a tuff was encountered. This unit, which contains fragments of
brecciated country rock, will be submitted for petrographic analysis,
in order to provide a better understanding of the origin of this
material.
The Company is encouraged by the result of this drilling. Although
no kimberlite was encountered, the presence of this unusual rock
below 68 meters of altered and brecciated granite is consistent
with the possibility of an explosive event typical of kimberlite
emplacement and samples will be tested for the presence of kimberlite
indicator minerals. Further drill testing is recommended.
Drilling has been suspended due to deteriorating ice conditions
at that property and the drill has been relocated back on Snowfield’s
100% owned GTen 16 property in the Drybones Bay kimberlite camp
on Great Slave Lake, which Consolidated Gold Win Ventures Inc.
has an option to earn a 49% interest.
The GTen 16 property is located 15 kilometres northeast of Snowfield’s
Mud Lake kimberlite discovery which was discovered by drilling
in 2003 and approximately 18 kilometres east of New Shoshoni’s
two diamondiferous kimberlite pipe discoveries, one which was
discovered in 1996 and more recently in 2003.
Delineation geophysics has outlined the kimberlite targets on
that GTen 16 claim that can be drill tested after break up is
complete. This is expected to be by the end of the month or sooner.
Laurence Stephenson, P. Eng., a Qualified Person under National
Instrument 43-101, has approved the contents of this News Release.
May 06 2005
CONSOLIDATED GOLDWIN VENTURES APPOINTS NEW INVESTOR
RELATIONS REPRESENTATIVE
(VANCOUVER BC; May 5, 2005) CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) announces that Jim Dobie has been appointed as Investor
Relations Representative for the company. Mr. Dobie has been working
with us for one and half months and has proven his value to the
company. Mr. Dobie also brings with him an impressive contact
list of brokers and potential new investors.
Jim Dobie was a small business owner/manager in British Columbia
for the past 40 years, twenty-five of which have been spent in
the water treatment industry. In 1989 he purchased the assets
of Universal water systems Inc. out of receivership and formed
International Water-Guard Industries Inc. In 1995 he took IWG
public and served as President and Vice President until September
2003. Mr. Dobie was involved mainly in sales and investor relations
for IWG.
May 04 2005
CONSOLIDATED GOLDWIN VENTURES ACQUIRES ADJACENT
GOLD COPPER PROPERTY – YEHINKO AREA, BRITISH COLUMBIA
(VANCOUVER BC; May 4, 2005) CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) announces that it has entered into an agreement for
the purchase of a 100 % interest in the GW1 – 4 Claims in
the Yehinko area, of northwestern British Columbia for $50,000
and 400,000 shares upon regulatory approval.
CGW has conducted exploration on the Yeti claims identifying
a minimum of six alteration zones of quartz vein systems. Four
of these zones form an obvious north northeast trending linear
extending for a distance of 3 kilometres. Samples taken previously
have returned gold values of up to 74,000 ppb (2.15 oz/t) and
copper values of up to 14,340 ppm (1.4 %) in grab samples. In
the Main Zone, where "ladder veins" occur between two
or more north-trending veins, the ladder veins are up to 2 metres
in width and chip samples from most exploration programs in these
areas of the Main Zone have shown the veins to be highly enriched
in gold (0. 1 to 1.2 oz/t Au) and to a lesser extent in copper
(0. 1 % to 1.9% Cu).
These new claims potentially host the continuation of these zones
and cover the area to the north, south, east and west of the property.
An initial exploration program consisting of geological mapping,
rock and soil sampling and geophysical surveys is planned for
this summer with drill permitting on the identified zones to follow.
The property has been reviewed by Glen Macdonald, the company’s
“qualified person” under National Instrument 43 –101,
responsible for reviewing the technical disclosure in this news
release.
APRIL
Apr. 29 2005
Stock for Debt
The Company wishes to advise that a settlement by way of 2,120,765
shares at a deemed price of $0.07 per common share has been completed,
and such shares are subject to a hold period expiring on August
26, 2005.
Apr. 28 2005
Drilling Commences at GTEN 16
(VANCOUVER BC; April 28 , 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) announces that drilling commenced at the GTEN
16 targets.
Apr. 25 2005
Hold Period On Private Placement
The Company wishes to announce that with regard to the 4,800,000
unit private placement announced on February 21, 2005, the shares
underlying such securities and issuable upon the warrants comprising
such securities are subject to a hold period expiring on August
14, 2005:
Apr. 20 2005
TARGETS DEFINED IN DIAMOND EXPLORATION PROGRAM
VANCOUVER BC; April 20, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) and SNOWFIELD DEVELOPMENT CORP. (SNO TSX-V) announce
that the delineation geophysics to define drill targets has been
completed on Snowfield’s 100% owned GTen 16 property in
the Drybones Bay kimberlite camp on Great Slave Lake, under option
to Consolidated Gold Win Ventures Inc.
After an extensive series of airborne geophysical programs, CONSOLIDATED
GOLD WIN VENTURES INC has received confirmation that a ground
truthing program has confirmed 2 highly prospective targets which
warrant further testing by drilling and an additional 2 targets
that require correlation with previously acquired data. Snowfield
is currently mobilizing a drill and crew to commence drilling
this week.
The GTen 16 property is located 15 kilometres northeast of Snowfield’s
Mud Lake kimberlite discovery and approximately 18 kilometres
east of New Shoshoni’s two diamondiferous kimberlite pipe
discoveries along with data the company has acquired, it feels
confident that the drill will be able to successfully intersect
the cause of the magnetic and electromagnetic anomalies on the
GTen 16 property.
Apr. 12 2005
GROUND TRUTHING” OF GTEN-16 GEOPHYSICAL TARGETS HAS COMMENCED
(VANCOUVER BC; April 12, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) and SNOWFIELD DEVELOPMENT CORP. (SNO TSX-V) announce
that the “ground truthing” of the geophysical targets
identified from the airborne geophysical survey carried out by
Meridian Geosciences has commenced. This field work will better
define the drill targets that have been identified on Snowfield’s
100% owned GTEN-16 property in the Drybones Bay kimberlite area
on Great Slave Lake under option to Consolidated Gold Win Ventures
Inc.
The GTEN-16 property is located 15 kilometres northeast of Snowfield’s
Mud Lake kimberlite discovery and approximately 18 kilometres
east of New Shoshoni’s diamondiferous kimberlite pipe discovery.
This ground magnetic survey will be carried out by Aurora Geosciences
and is a follow-up to Snowfield’s detailed helicopter borne
multi-frequency Electromagnetic (EM) survey. The original airborne
survey by Meridian Geosciences identified some 10 potential kimberlite
targets on the GTEN-16 property. Half of these targets have EM
anomalies associated with them.
This initial 2005 ground exploration work has been undertaken
to ensure that the drill is set up correctly so as to definitively
intersect the source of the magnetic and electromagnetic anomalies.
A 3 to 5 drill hole program will follow the ground geophysics
immediately.
Kimberlite bodies occur in clusters. Few, if any kimberlite fields
have only two or three kimberlites. In the Drybones Bay area,
Dave Smith (Prospector) discovered the first large Drybones Bay
kimberlite, New Shoshoni discovered a second diamondiferous kimberlite
adjacent to the large Drybones kimberlite and Snowfield has discovered
the third kimberlite.
The current exploration program is building on this exploration
knowledge and as such the geophysical survey being carried out
on the GTEN-16 property will help to ensure that the causes of
the GTEN-16 anomalies are properly explained.
Apr. 08 2005
GEOPHYSICAL SURVEY TO GUIDE DIAMOND EXPLORATION
(VANCOUVER BC; April 8, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) and SNOWFIELD DEVELOPMENT CORP. (SNO TSX-V) announce
that the field exploration delineation geophysics to define the
drill targets has been commenced on Snowfield’s 100% owned
GTen 16 property in the Drybones Bay kimberlite camp on Great
Slave Lake under option to Consolidated Gold Win Ventures Inc.
The GTen 16 property is located 15 kilometres northeast of Snowfield’s
Mud Lake kimberlite discovery and approximately 18 kilometres
east of New Shoshoni’s two diamondiferous kimberlite pipe
discoveries. This delineation geophysic is to follow-up Snowfield’s
detailed helicopter borne multi-frequency Electromagnetic (EM)
surveying over the property that has identified potential kimberlite
geophysical targets on the claim. This initial 2005 exploration
work has been undertaken to ensure that the drill is set up to
correctly and definitively intersect the cause of the magnetic
and electromagnetic anomalies.
It is well known in diamond exploration that kimberlites occur
in clusters. Few if any kimberlite areas have only had two or
three kimberlites discovered. To date in the Drybones Bay, New
Shoshoni has two diamondiferous kimberlites and Snowfield has
one kimberlite “system” discovered of the several
targets tested.
The current exploration program is building on this exploration
knowledge and the definitive nature of the ongoing geophysical
survey to ensure that the GTen 16 anomalies causes are discovered.
MARCH
Mar. 31 2005
CGW CONTINUES DIAMOND EXPLORATION
(VANCOUVER BC; March 31, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) and SNOWFIELD DEVELOPMENT CORP. (SNO TSX-V) announce
that they have entered into a joint venture option agreement to
continue a 2005 drilling exploration program in the Drybones Bay
kimberlite camp on Great Slave Lake to test the several magnetic
anomalies located on Snowfield’s 100% owned GTen 16 property.
The GTen 16 property is located 15 kilometres northeast of Snowfield’s
Mud Lake kimberlite discovery and approximately 18 kilometres
east of New Shoshoni’s two diamondiferous kimberlite pipe
discoverieson the south portion of the Slave Craton (currently
Canada’s host for all its diamond production). Snowfield’s
has conducted detailed helicopter borne multi-frequency Electromagnetic
(EM) surveying over the property and has identified at least three
potential kimberlite geophysical targets on the claim.
Snowfield was granted a 5 year Class “A” land use
permit in September of 2004 to conduct drilling exploration on
its Ticho Project, which includes the GTen 16 property. Under
the terms of the agreement CGW can earn a 49% interest in the
GTen 16 property by making cumulative payments of $50,000 and
the issuance of 600,000 shares of the company’s capital
stock and funding the expenditure of $175,000 on exploration programs.
The schedule of payments and expenditures is as follows:
a) a payment of $10,000 upon signing of the agreement (completed);
b) a further payment of $15,000 and issuance of 300,000 shares
upon regulatory acceptance;
regulatory acceptance;
c) an expenditure of $100,000 on exploration on or before July
31, 2005;
d) a further payment of $25,000 and issuance of 300,000 shares
on or before August 31, 2005;
e) and a further expenditure of $75,000 on exploration on or before
December 31, 2005.
An exploration program of delineation geophysics will commence
with in the week and at least three – five drill holes are
proposed to test the identified targets on the property this winter
drilling season.
Mar. 11 2005
$240,000 PRIVATE PLACEMENT
VANCOUVER, BC, MARCH 11, 2005. CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) (the “Company”) wishes to announce
that, further to the Company’s News Release of March 4,
2005, the Company has received subscription agreements and payment
from 22 placees for the purchase of 4,800,000 units at $0.05 per
unit for a total of $240,000.00.
Mar. 07 2005
$240,000 PRIVATE PLACEMENT
VANCOUVER BC, MARCH 4, 2005. CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) wishes to announce a private placement for the sale
of 4,800,000 units at $0.05 per unit for a total of $240,000,
where each unit consists of 1 common share of the Company and
1 share purchase warrant having a 1 year term for the purchase
of 1 further common share of the Company at the exercise price
of $0.10 per share for the period of two years. The maximum allowable
finders' shall be payable. In addition, the Company wishes to
announce the settlement of up to $140,000 in debt at the price
of $0.07 per share.
FEBRUARY
Feb. 21 2005
$240,000 PRIVATE PLACEMENT TO COMPLETE DRYBONES
DRILLING PROGRAM
(VANCOUVER BC; FEBRUARY 17, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) wishes to announces private placements for the
sale of 4,800,000 units at $0.05 per unit for a total of $240,000,
where each unit consists of 1 common share of the Company and
1 share purchase warrant having a 1 year term for the purchase
of 1 further common share of the Company at the exercise price
of $0.10 per share for the period of two years. The maximum allowable
finder's fee shall be payable.
Feb. 10 2005
DIAMOND EXPLORATION TO CONTINUE AT DRYBONES BAY
(VANCOUVER BC; February 9, 2005) CONSOLIDATED GOLD WIN VENTURES
INC. (CGW TSX-V) (the “Company”) is planning to initiate
its 2005 drilling exploration program on the Drybones Bay kimberlite
camp on Great Slave Lake.
The Company was granted a 2 year term land use permit to conduct
drilling exploration on its GSL claims, which were completed in
April of 2004, and its GTEN 9 Claim on which it has initiated
its 2005 drilling program
The GTEN 9 claim has unique airborne geophysical survey features
similar to those associated with known kimberlites in the Drybones
Bay area. CGW Director, Glen Macdonald, P.Geo., who has been active
in the area since the initial 1990’s exploration program,
identified the Drybones Bay Kimberlite (DB-1) as diamondiferous
and with New Shoshoni Ventures when they discovered the second
diamondiferous kimberlite (DB-2) in 2003, is overseeing the initial
geophysical work on the GTEN 9 property and selecting the drill
sites.
Up to three drill holes are proposed to test the identified targets
on the property
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