Business
Drilling and bulk sampling update on Mud Lake diamondiferous sill
Drilling and bulk sampling update on Mud Lake diamondiferous sill.
About this update from Big Bear Gold Corp.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, April 10 /CNW/ - Consolidated Goldwin Ventures Inc. (Goldwin)\nis pleased to update the activities currently underway at the Drybones 4\nclaim, host to the diamondiferous Mud Lake kimberlite. The project is located\napproximately 55km southeast of Yellowknife, NWT. As previously announced,\nGoldwin is earning a 39.6% interest in the Drybones 4 claim from Snowfield.\nUpon completion of their earn in the ownership of the Drybones 4 claim will be\nSnowfield 40.4%, Goldwin 39.6%, and David Smith 20%.\nThe focus of exploration now underway includes further delineation\ndrilling of the Mud Lake kimberlite complex; exploration drilling of a number\nof discrete kimberlite indicator mineral trains which are coupled with\ngeophysical anomalies to locate more kimberlite bodies on the claim; and the\nextraction of up to 500 tonnes of kimberlite for shipment to De Beers Canada\nExploration dense media separation plant located in Grande Prairie, Alberta.\nThe kimberlite delineation drilling is progressing on a double shift per\nday basis with crews and equipment having been mobilized over the weekend of\nApril 8th, 2006. Titan Drilling Ltd. of Yellowknife, NWT have been contracted\nto supply the crews and equipment necessary to conduct this program. A\nBoyles 23 drill, currently on site and drilling adjacent to the area being\nexposed for the taking of the bulk sample will also be used to conduct the\nexploratory drilling on targets to the north and east of the Mud Lake\nkimberlite. These targets include, but are not limited to, Pond, Sipper and\nHalf Moon Lakes. All kimberlite recovered will be logged and subject to\ncaustic fusion testing to determine the presence of macro and micro diamonds.\nFollowing the closure of the first ice road due to adverse ice\nconditions, a second ice road has now been opened closer to the shoreline on\nthe eastern edge of Great Slave Lake to facilitate the mobilization this week\nof extra equipment to the bulk sampling project site.\nThe Mud Lake kimberlite is a layered sill structure currently open in\nthree directions. The kimberlite that is being sampled is being exposed by a\ncombination of trenching and removal of a granite cap. When extracted, the\nkimberlite will be crushed, bagged, sealed and transported to the lake edge\nfor onward shipment to Grande Prairie. After processing by D...