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
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
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.
We seek safe Harbor
For further information:
For further information: KCrew Communications: (604) 678-8101 or Toll
Free: 1-866-465-3616 or Shareholder Relations: (778) 994-6453 or Abby Farrage:
(604) 671-4718, Email: email@example.com, Web site: www.v-cgw.com; Souhail
'Abby' Abi-Farrage - President and Director, Consolidated Gold Win Ventures
Inc., P.O. Box 48474, Bentall Centre, Vancouver, BC, V5C 2M7