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:
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 () 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 |
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