VANCOUVER, April 10 /CNW/ - Consolidated Goldwin Ventures Inc. (Goldwin) is pleased to update the activities currently underway at the Drybones 4 claim, host to the diamondiferous Mud Lake kimberlite. The project is located approximately 55km southeast of Yellowknife, NWT. As previously announced, Goldwin is earning a 39.6% interest in the Drybones 4 claim from Snowfield. Upon completion of their earn in the ownership of the Drybones 4 claim will be Snowfield 40.4%, Goldwin 39.6%, and David Smith 20%. The focus of exploration now underway includes further delineation drilling of the Mud Lake kimberlite complex; exploration drilling of a number of discrete kimberlite indicator mineral trains which are coupled with geophysical anomalies to locate more kimberlite bodies on the claim; and the extraction of up to 500 tonnes of kimberlite for shipment to De Beers Canada Exploration dense media separation plant located in Grande Prairie, Alberta. The kimberlite delineation drilling is progressing on a double shift per day basis with crews and equipment having been mobilized over the weekend of April 8th, 2006. Titan Drilling Ltd. of Yellowknife, NWT have been contracted to supply the crews and equipment necessary to conduct this program. A Boyles 23 drill, currently on site and drilling adjacent to the area being exposed for the taking of the bulk sample will also be used to conduct the exploratory drilling on targets to the north and east of the Mud Lake kimberlite. These targets include, but are not limited to, Pond, Sipper and Half Moon Lakes. All kimberlite recovered will be logged and subject to caustic fusion testing to determine the presence of macro and micro diamonds. Following the closure of the first ice road due to adverse ice conditions, a second ice road has now been opened closer to the shoreline on the eastern edge of Great Slave Lake to facilitate the mobilization this week of extra equipment to the bulk sampling project site. The Mud Lake kimberlite is a layered sill structure currently open in three directions. The kimberlite that is being sampled is being exposed by a combination of trenching and removal of a granite cap. When extracted, the kimberlite will be crushed, bagged, sealed and transported to the lake edge for onward shipment to Grande Prairie. After processing by De Beers, the concentrate will then be shipped to independent laboratories for the recovery of contained diamonds. The equipment needed for this operation is either on site or being mobilized. This includes crawler tractors, scoop trams, a Jumbo drill and compressor, a tracked excavator and a crushing plant. A number of soil samples previously taken are now being processed by Overburden Drilling Management Ltd. Of Nepean, Ontario for the identification of further kimberlite indicator minerals. The proximity of the project to the city of Yellowknife combined with the presence of a fully winterized twenty man camp provides great flexibility in the conduct of this comprehensive exploration program. Further updates can be expected in a timely manner. We seek safe harbor %SEDAR: 00005626E