Business
Kimberlite hunt in NWT; renewed!
VANCOUVER, Dec. 5 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V) ("Gold Win") reports th...
About this update from Big Bear Gold Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 5 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V)\n("Gold Win") reports that the Mackenzie Valley Environmental Impact Review\nBoard (MVEIRB) has recommended that its Land Use Permit Application referred\nto them in August of 2005, be granted under fully compliable terms.\n\n\nThe company is quite elated by these developments as it remains the only\ncompany in the area that has had new Land Use Permits issued and has now\nconfirmed its experience and persistence in getting Land Use permits in the\nDrybones Bay area. The company is expecting the Federal minister to endorse\nthe recommendations and the Mackenzie Valley Land and Water Board (MVLWB) will\nthen issue the permit for the program on all of its claim groups in the area.\n\n\nSeveral targets on the GSL, the Moose, the FC Claims and the JJ, Cleft\nand ZZL Claim have many affinities to the main Drybones Bay Kimberlite\nMagnetic signature. As well several dyke systems are present that pass by the\ntwo known diamondiferous kimberlites pipes at Drybones Bay and the\ndiamondiferous kimberlite sill at Mud Lake.\n\n\nThe properties are located north, west and northeast of New Shoshoni's\ntwo diamondiferous kimberlite pipe discoveries which were drilled in 2003 with\na total of 128 diamonds and 142 diamonds recovered from the two initial\ndiscovery drill holes (May 7th and June 11th, 2003 News Release - New Shoshoni\nVentures) and of Snowfield's Mud Lake kimberlite discovery which Consolidated\nGoldwin assisted in drilling last year (2006) with a total recovery of\n44 diamond and 12 diamonds (August 16th, 2006 News release - Snowfield and\nfrom CGW notes).\n\n\nThe only three discovered kimberlite occurrences are all diamondiferous.\nWith the LUP in limbo for the last three years, only minor exploration\ndrilling has been conducted in the area and mostly with Consolidated Gold\nWin's participation. Just as with the Victoria Mine interest the company has\nacquired, the participation in drilling in the Drybones' Bay area has enabled\nthe company a unique opportunity to gain valuable experience for its\nexploration drilling on its own properties at the Dolly Varden Spring and in\nthe Great Slave Lake area.\n\n\nWith the company's mix of unique areas of over looked mineral potential,\nin Nevada and the NWT now restored, the company is confiden...