Ashton Discovers New Kimberlite in Slave.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 25, 1996--Ashton Mining (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:ACA ACA - Application Control Architecture ) Ashton Mining of Canada Inc. ("Ashton" or "ACA") is pleased to announce that a kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. has been discovered on the Roundrock property in the western regions of the Slave. The "Aquila" kimberlite was discovered with the first drill hole of Ashton's late spring drilling program. The kimberlite location is well removed from any previously reported occurrence and the discovery may represent a new area of exploration interest in the Slave. The initial drill hole intersected numerous closely related kimberlite dykes and dykelets, representing a kimberlite fissure fissure /fis·sure/ (fish´er) 1. any cleft or groove, normal or otherwise, especially a deep fold in the cerebral cortex involving its entire thickness. 2. a fault in the enamel surface of a tooth. system. Drill hole information to date indicates that the total width of the fissure system is narrow. However, across ice indicator mineral data suggests that the system may have considerable strike length. Drilling on the Roundrock property will continue with the objective of obtaining across strike information and collecting sufficient core for preliminary microdiamond evaluation. During the summer, Ashton will intensify field activities on the Roundrock property. The objectives of this work will be to outline additional targets on the property and to undertake detailed exploration of the new fissure system. This latter exploration will investigate the possibility of dyke enlargements and pipe associations along the strike length of the new discovery. The Roundrock property is located 200 km north of Yellowknife and 140 km west of Lac de Gras Lac de Gras is a lake approximately 300 km north of Yellowknife, Northwest Territories, Canada. Lac de Gras was the centre of the Canadian diamond rush of the 1990s. There are two working diamond mines in the area, Ekati Diamond Mine, and Diavik Diamond Mine. in the Snare Lake region of the Slave. Ashton's partners on the property include Pure Gold Resources Inc. and Lytton Minerals Ltd. Ashton has the option to earn a 51 percent interest in the property through exploration expenditures of $1 million on or before August 15, 1997. Ashton Mining of Canada Inc. is a diamond exploration company with interests in a wide range of exploration properties in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . The Company is 62 percent owned by Ashton Mining Limited of Australia, a leading international diamond exploration, mining and marketing company. CONTACT: Ashton Mining of Canada Inc. Wayne Hillier Hillier is a surname, and may refer to:
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