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Ashton Finds More Diamonds in Alberta.


VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 11, 1997-- Ashton Mining of Can(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 announce results of further microdiamond analyses from kimberlite kimberlite: see diamond.
kimberlite
 or blue ground

Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix.
 pipes on the Company's Buffalo Hills project in north-central Alberta.

The results are from pipes K-1A, K1B and K19 in the southwest cluster and pipes K14B and K14C adjacent to pipe K14 drilled last winter.

In summary the results are: -0-

Kimberlite               Interval   Sample   Number of Stones
& Hole No.   Laboratory  (metres)   Weight    less   greater
                                     (kg)     than    than
                                            0.5 mm    0.5 mm

K1A-1           AML     39.8- 46.9   44.8      0       0
K1A-2           AML    131.4-137.7   43.8      0       0
K1B-1           AML     32.4- 40.8   46.7      1       0
K1B-2           AML     31.6- 39.3   45.0      0       2
K14B            AML    surface pit   42.0     16       0
K14C-1          AMC     10.0- 30.0   43.4    328      93
K19-1           AML     90.0- 98.7   51.3      0       0

Microdiamonds are stones with a maximum dimension of less
than 0.5 mm and greater than 0.1 mm.

AMC - Ashton Mining of Canada Inc. - North Vancouver, B.C.,
      Canada
AML - Ashton Mining Limited - Perth, Australia





Pipe K14C is represented by a magnetic anomaly Magnetic Anomaly may refer to:
  • Kursk Magnetic Anomaly
  • Tycho Magnetic Anomaly
 300 metres northeast of the centre of pipe K14 and 250 metres east of pipe K14B. Further drilling will be required to determine the spatial relationships of these kimberlites.

Pipe K14C was found by a vertical rotary percussion drill hole reported earlier which penetrated 10 metres of glacial overburden o·ver·bur·den  
tr.v. o·ver·bur·dened, o·ver·bur·den·ing, o·ver·bur·dens
1. To burden with too much weight; overload.

2. To subject to an excessive burden or strain; overtax.

n.
1.
 and was abandoned at 30 metres because of water inflows. Most of the macrodiamonds in the sample are broken stones probably resulting from fracturing of larger diamonds during the drilling process. The largest two stones have maximum dimensions of 2.60 and 2.55 millimetres and weigh 0.0615 and 0.0405 carats respectively. The broken stones are generally clear whereas the two largest stones have inclusions and are slightly off-colour.

This first result from pipe K14C is very encouraging and will lead to further investigation. Larger samples will be required to evaluate the quality of stones, the grade and any resulting commercial potential.

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 28.3 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 (Coordinates: ) is a diamond mine located in the north-east of Western Australia.  in northwestern Australia.

CONTACT: Ashton Mining of Canada Inc.

John S. Auston, 604/983-7750

Wayne D. Hillier, 604/983-7750
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 11, 1997
Words:504
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