Ashton Mining - Arkansas Diamonds.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 29, 1996-- 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 of Ashton Mining of Canada Inc. ("Ashton") is pleased to announce the progress of testing of the Crater of Diamonds near Murfreesboro, Arkansas Murfreesboro is a city in Pike County, Arkansas, United States. The population was 1,764 at the 2000 census. The city is the county seat of Pike County.GR6 Crater of Diamonds State Park is located just to the south. . The Crater of Diamonds is a large lamproite intrusion which has been known for years to contain diamonds of a wide range of sizes and quality. The current Phase II evaluation being managed by the State of Arkansas is the first attempt to obtain a reliable measurement of the diamond content of the deposit. The Phase II evaluation commenced in late September and to date three trenches have been excavated and processed through the nearby dense media plant. The resulting concentrates will be further processed through the diamond recovery sorters in the next few weeks. The overall program is designed to test a total sample of 9,000 to 10,000 tonnes within the next 90 to 120 days. Ashton is providing technical support in the form of a senior mineralogist min·er·al·o·gy n. pl. min·er·al·o·gies 1. The study of minerals, including their distribution, identification, and properties. 2. A book or treatise on mineralogy. and bulk sampling specialist to assist with Phase II evaluation of the Crater. The Company has an option to earn an interest of 51 percent in the project following a successful bid for the mining rights. Its joint venturer in the Crater evaluation is Texas Star Resources Corp. Of note is the fact that only one other group is qualified to participate in any proposed bidding process. Last week a request by third parties for a temporary and permanent injunction permanent injunction n. a final order of a court that a person or entity refrain from certain activities permanently or take certain actions (usually to correct a nuisance) until completed. to suspend the sampling program was denied by a United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. . Ashton is pleased with this decision which now allows the evaluation to continue to completion without further interruption. Ashton Mining of Canada Inc. 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. . The Company is 62 percent owned by Ashton Mining Limited of Australia, a leading international diamond exploration, production and marketing group. CONTACT: Ashton Mining of Canada Inc. John S. Auston, 604/983-7750 or Ashton Mining of Canada Inc. Wayne D. Hillier, 604/983-7750 Fax, 604/987-7107 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion