VANCOUVER, Dec. 5 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V) ("Gold Win") reports that the Mackenzie Valley Environmental Impact Review Board (MVEIRB) has recommended that its Land Use Permit Application referred to them in August of 2005, be granted under fully compliable terms.
The company is quite elated by these developments as it remains the only company in the area that has had new Land Use Permits issued and has now confirmed its experience and persistence in getting Land Use permits in the Drybones Bay area. The company is expecting the Federal minister to endorse the recommendations and the Mackenzie Valley Land and Water Board (MVLWB) will then issue the permit for the program on all of its claim groups in the area.
Several targets on the GSL, the Moose, the FC Claims and the JJ, Cleft and ZZL Claim have many affinities to the main Drybones Bay Kimberlite Magnetic signature. As well several dyke systems are present that pass by the two known diamondiferous kimberlites pipes at Drybones Bay and the diamondiferous kimberlite sill at Mud Lake.
The properties are located north, west and northeast of New Shoshoni's two diamondiferous kimberlite pipe discoveries which were drilled in 2003 with a total of 128 diamonds and 142 diamonds recovered from the two initial discovery drill holes (May 7th and June 11th, 2003 News Release - New Shoshoni Ventures) and of Snowfield's Mud Lake kimberlite discovery which Consolidated Goldwin assisted in drilling last year (2006) with a total recovery of 44 diamond and 12 diamonds (August 16th, 2006 News release - Snowfield and from CGW notes).
The only three discovered kimberlite occurrences are all diamondiferous. With the LUP in limbo for the last three years, only minor exploration drilling has been conducted in the area and mostly with Consolidated Gold Win's participation. Just as with the Victoria Mine interest the company has acquired, the participation in drilling in the Drybones' Bay area has enabled the company a unique opportunity to gain valuable experience for its exploration drilling on its own properties at the Dolly Varden Spring and in the Great Slave Lake area.
With the company's mix of unique areas of over looked mineral potential, in Nevada and the NWT now restored, the company is confident that it will be able to build significant asset appreciation on its already potential resources.
Drill results are currently being collated and drilling in Nevada is set to resume early in the new year.
Drilling of the NWT Kimberlite area's anomalies is being evaluated to see if sufficient data is available to complete a winter drill program.
Laurence Stephenson, P. Eng., a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.
About Consolidated Gold Win Ventures
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CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - Dolly Varden Copper Gold claims and the Victoria Copper Mine, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
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