VANCOUVER, June 15 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC.
(CGW TSX-V) ("Gold Win") and Snowfield Development Corp. ("Snowfield") report
till samples collected previously by Snowfield and processed by funds advanced
from Gold Win have reported significant numbers of "Kimberlite Indicator
Minerals" (KIM's) from an area to the northeast (up ice) of the Mud Lake
Diamondiferous Kimberlite which was tested this winter by drilling.
These results in the range of hundreds of KIM's (tabulated below), are
found in good basal till samples along three somewhat parallel north-northwest
laid out sample lines approximately 200 to 300 metres separation. They are
located north and east of Mud Lake and west of "Half Moon" Lake and reflect a
different "train" source than that which lead to the discovery of the Mud Lake
Diamondiferous Kimberlite. However the number of KIM's are consistent with
samples taken down ice (ice direction is south-southwest) of that
diamondiferous sill. Further sampling is ongoing.
This year's entire kimberlite diamond drill core comprised of two batches
weighing 250 kg and 140 kg respectively is now at Kennecott's Thunder Bay
Ontario Laboratory for diamond processing by caustic fusion. These drill core
samples, along with the mini-bulk sample currently being taken, will add
further comprehension of the area's kimberlite occurrences.
<<
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Number of KIM's Number of Samples Highest value
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10-25 16 25
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25-50 10 45
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50-100 6 98
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100-200 4 143
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+200 4 788
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These exploration programs are fully funded by Gold Win to evaluate the
potential of the diamondiferous kimberlites and the region.
The Mud Lake Kimberlite is the third diamondiferous kimberlite body
discovered to date in the Drybones Bay area 55 kilometres southeast of
Yellowknife, Northwest Territories and is underlain by the South Slave Craton
which hosts all the currently producing Canadian Diamond mines.
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
CGW is a progressive and rapidly advancing junior exploration company
with interests in the North West Territories - Drybones Diamond properties,
Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti
Gold claims, Quebec - Raglan Platinum group metals claims.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. The statements that are not historical
facts are forward-looking statements involving known and unknown risk
factors and uncertainties which may cause actual results to vary
considerably from these statements. The risks and uncertainties include
those described in the Company's periodic filings on SEDAR.
We seek Safe Harbor
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