Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

May 16, 2006 03:05 ET

Consolidated Gold Win Ventures Inc.: Drilling of Western Extension Started-Mudlake Kimberlite NWT

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 16, 2006) -

Abby Farrage Reports:

CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW) ("Gold Win") consultant visited the Snowfield Development Corp. ("Snowfield") Mud Lake diamondiferous kimberlite sills drilling site last week and reports that drill has been moved to the west of the some of the thickest intercepts of known kimberlite sill intersections in this season's drilling program. These westward drill sites represent the first drilling in this direction to be undertaken on the sill.

The consultant confirmed that 225 kilograms of drill core kimberlite samples will arrive at Kennecott's Thunder Bay Ontario's Laboratory early this week for caustic fusion diamond analysis.

Drilling will continue over break up using helicopter support.

The ground preparation for the mini-bulk sample was well under way and is expected to progress evenly over the next few weeks.

These exploration programs are being funded by Gold Win to evaluate the potential of the kimberlite and 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 Territory 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 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.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Consolidated Gold Win Ventures Inc.
    Blair Naughty
    (604) 683-3995
    Consolidated Gold Win Ventures Inc.
    Souhail 'Abby' Abi-Farrage
    President and Director
    (604) 671-4718