Ashton Discovers Three More Kimberlitic Bodies in Quebec.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 9, 2002 Robert T. Boyd, 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. ("Ashton") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACA ACA - Application Control Architecture ) is very pleased to announce the conclusion of the winter 2002 field program in the Otish Mountains region of Quebec. Following the discovery of Renard 3 announced on March 28, 2002, Ashton and its joint venture partner, SOQUEM INC. ("SOQUEM"), drilled an additional three targets represented by geophysical anomalies. All three have been confirmed as kimberlitic intrusions. The four bodies discovered during the 2002 winter program are located within one kilometre of the diamondiferous Renard 2 kimberlitic body. Two holes, one vertical or near-vertical and one angled at 50 degrees from horizontal, were drilled in each body. Except as indicated below, each vertical hole terminated in kimberlitic material. The preliminary drilling data are summarized below:
Name Overburden Length of Length of Kimberlitic
depth (vertical vertical hole 50(degrees) intersection in
metres) (metres) inclined hole 50(degrees)
(metres) inclined hole
(metres)
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Renard 3(A) 22 102 117 24 - 110
Renard 4 9 102 105 10 - 88
Renard 5 13 120(B) 69 16 - 34
Renard 6 6 102 117 7 - 85
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(A) Announced on March 28, 2002
(B) Near-vertical hole, drilled at -80(degrees) from horizontal on
same azimuth as -50(degrees) hole, intersected kimberlitic
material from 13-107 m.
Both hypabyssal hyp·a·bys·sal adj. Geology Solidifying chiefly as a minor intrusion, especially as a dike or sill, before reaching the earth's surface. Used of rocks. hyp and diatreme diatreme A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith. facies facies /fa·ci·es/ (fa´she-ez) pl. fa´cies [L.] 1. the face. 2. surface; the outer aspect of a body part or organ. 3. expression (1). material are present in Renard 4, 5, and 6, while Renard 3 consists solely of hypabyssal material. The drill core from the new discoveries will be processed for microdiamonds at Ashton's North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. laboratory. Ashton and SOQUEM have been exploring for diamonds in Quebec since 1996 in an equal joint venture that currently holds more than 380,000 hectares of highly prospective mineral permits. SOQUEM is a wholly-owned subsidiary of SGF SGF Svenska Golfförbundet (Swedish Golf Federation) SGF Société Générale de Financement (Quebec, Canada) SGF Smart Game Format SGF Simulated Gastric Fluid Minerals Inc., which is a subsidiary of the Societe Generale de Financement du Quebec ("SGF"). The mission of the SGF is to carry out economic development projects in cooperation with partners and in accordance with accepted requirements of profitability. Ashton is the operator of the exploration programs and Brooke Clements, Professional Geologist and Ashton's Vice President, Exploration, is responsible for their design and conduct. |
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