Ashton Finds Diamonds in Alberta Kimberlites.VANCOUVER--(BUSINESS WIRE)--April 25, 1997--Ashton Mining of Canada (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME ACA ACA - Application Control Architecture . ) 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. is pleased to report that the first analytical results from the Buffalo Hills kimberlites to date indicate generally favourable mantle chemistry for diamonds and preliminary results of caustic dissolution analyses show that one of the three pipes tested so far has a significant content of micro-diamonds and macro-diamonds. Geochemical analyses of indicator minerals in kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. from pipes K2, K4 and K14 have confirmed the presence of G10 pyrope py·rope n. A deep red garnet, Mg3Al2Si3O12, used as a gem. [Middle English pirope, from Old French, from Latin garnets and abundant chromites whose chromium and aluminum chemistry plots in the diamond inclusion field. These data confirm broadly favourable conditions for the presence of diamonds. The first micro-diamond analyses of kimberlites K2, K4 and K14 have recently been received from Ashton Mining Limited's laboratory in Perth, Australia Perth may refer to:
Kimberlite Hole Sample Number of Stones
Number Number Interval Weight Micro Macro(x)
metres kilograms (less than (greater
0.5 mm.) than 0.5 mm)
K2 bulk from trench sample 90.7 1 -
K4A 4A-1 49-62 49.4 1 -
K4A 4A-1 105-119 49.8 - -
K14 14-1 47-59 50.6 39 1
K14 14-1 72-85 51.0 53 8
K14(xx) 14-1 168-191 50.9 47 2
x Macro-diamonds are individual grains with one dimension equal to or
greater than 0.5 mm.
xx Analysed in Ashton North Vancouver laboratory; all others
analysed in Ashton Mining's Perth laboratory.
Micro-diamond analyses alone do not provide sufficient information to assess the commercial diamond potential. The results from these initial small samples are encouraging, however, and indicate that additional testing of these pipes, including mini-bulk testing, is warranted. Results of the laboratory analyses of the remaining eight kimberlite pipes will be provided as they become available over the coming weeks. Ashton Mining of Canada Inc. and Pure Gold Resources Inc. have an option agreement with Alberta Energy Company Ltd. of Calgary whereby Pure Gold and Ashton have the right to earn interests of 15 percent and 42.5 percent respectively in the Buffalo Hills Property. Total landholdings, including option and joint venture lands, comprise 26.8 million acres in north central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta. Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. . Ashton is operator of the related exploration programs. Ashton is a diamond exploration company with interests in a wide range of 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. . It is 62 percent-owned by Ashton Mining Limited of Australia, a leading explorer, producer and marketer of diamonds which holds an interest of 40 percent in the Argyle diamond mine The Argyle diamond mine () is a diamond mine located in the north-east of Western Australia. in northwestern Australia. CONTACT: Ashton Mining of Canada Inc., Vancouver John S. Auston, 604/983-7750 or Wayne D. Hillier, 604/983-7750 |
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