SNOWFIELD DEVELOPMENT CORP.
Previous company name
Name change date
The company, based in Vancouver, Canada, is an exploration-stage company focused on the acquisition, exploration and development of mineral properties. The company’s properties and projects include Ticho Diamond Project, Nottaway Property and Snow Gold Property.
The Ticho Diamond Project is located on the South Slave Craton, approximately 50 kilometers southeast of Yellowknife, Northwest Territories. The Slave Craton is home to Canada’s two diamond producing mines, Ekati and Diavik. The Ticho Diamond Project started in 2001 when the company optioned or staked a land package of over 40,000 acres in the immediate area of the Drybones Kimberlite. The company has conducted extensive exploration throughout the area, including an exploratory drill program in early 2003 which was successful in intersecting kimberlite in nine holes out of 11 at Mud Lake.
The company has executed an option agreement with Poplar Resources Ltd. with respect to Poplar’s Nottaway project which comprises approximately 340 mineral claims (38,800 acres). The Nottaway Property is located in the James Bay Lowlands, immediately south of James Bay and approximately 120 kilometers north northwest from Matagami in the province of Quebec. The claims are on the Superior Craton close to the Ontario border.
The Company’s main acitivity is the acquisition, exploration and development of its mineral properties.
Description and history
The Company is an exploration stage company engaged principally in the acquisition, exploration and development of its mineral properties.
The Company has not yet determined whether its mineral properties contain reserves that are economically recoverable. The recoverability
of the amounts shown for mineral properties is dependent upon the existence of economically recoverable reserves, the ability of the Company
to obtain necessary financing to complete development and upon either future profitable mineral production or receipt of proceeds from the
disposition of those reserves.
The Company was incorperated on 9 July 1987.
The Company’s shares weere listed on TSXV on 28 April 2000.
the Company Chsnged it’s name form Snowfield Resources Ltd. to Snowfield Development Corp. on 27 April 2000.
Effective September 8, 2010 Company’s shares will remain suspended until the Company meets TSX Venture Exchange requirements.
An exploration-stage company focused on the acquisition, exploration and development of mineral properties
DALE MATHESON CARR – HILTON LABONTE LLP
US SIC Code
675, West Hastings Street
City province or state postal code
V6B 1N2, VANCOUVER, BC
Phone: +1 604 681 5720
Fax: +1 604 681 6934
Country address: CANADA
Website url: www.snowfield.com