Ashton Commences Winter Program In The Northwest Territories.Business Editors VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Feb. 17, 2000 AshtonMining(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACA ACA - Application Control Architecture .) (ME:ACA.)--John S. Auston, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ashton Mining of Canada Inc. (&uot;Ashton&uot;) reports that a winter program of geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. and drilling has commenced on the Cross, Star and Roundrock properties in the Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. . Ground geophysics consisting of magnetic and electromagnetic surveys will be conducted on previously identified anomalies with drilling on high priority targets to follow in late March. Cross Property The 17,600 hectare Cross property is located approximately 200 kilometers southwest of the Ekati Mine. Between 1994 and 1996 Ashton discovered the diamondiferous Cross, Ursa and Orion kimberlites on the property. Indicator minerals with fresh abrasion abrasion /abra·sion/ (ah-bra´zhun) 1. a rubbing or scraping off through unusual or abnormal action; see also planing. 2. a rubbed or scraped area on skin or mucous membrane. characteristics were recovered from heavy mineral samples collected just down-ice of five lakes. Airborne geophysical anomalies coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with indicator mineral fans have been detected over three of these lakes. Ground geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. will be completed over all five lakes. Ashton (ACA-TSE) has an option to earn a 50 percent interest in any given kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. discovery from Pure Gold Minerals Inc. (PUG-TSE) and Tenajon Resources Corp. (TJS-CDNX) by sole-funding all programs until it collects at least 20 tonnes of material from each such discovery. Star Property The 7,200 hectare Star property is located approximately 180 kilometers southwest of the Ekati Mine and adjoins the Cross property which lies immediately to the south. Heavy mineral sampling on the property has defined an indicator mineral fan that originates from the junction of three small lakes. A ground geophysical survey over an area of one square kilometer is currently in progress. The joint venturers on the Star property are Ashton 56 percent, Pure Gold Minerals Inc. 24 percent, and Tenajon Resources Corp. 20 percent. All partners have confirmed their participation in the winter program. Roundrock Property The 19,400 hectare Roundrock property is located approximately 130 kilometers west of the Ekati Mine. The diamondiferous Aquila kimberlite was discovered on the property in 1996. Many unexplained indicator mineral anomalies are present, some with coincident airborne geophysical anomalies. Four large areas are scheduled for ground geophysical surveys. The joint venturers on the Roundrock property and their approximate current interests are Ashton 53.13 percent, Tahera Corporation (TAH-TSE) 24.50 percent, Pure Gold Minerals Inc. 12.25 percent, Paramount Ventures and Finance Inc. (PVF-CDNX) 8.29 percent and Silverarrow Explorations Inc. (SVI-CDNX) 1.83 percent. Paramount and Silverarrow have confirmed participation in the winter program while Pure Gold and Tahera have elected to dilute their respective interests. All exploration programs are operated by Ashton and under the direction of Brooke Clements, Professional Geologist, who is Ashton's Vice President of Exploration. |
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