Ashton Mining - Crater of Diamonds Evaluation Program Gets the "Green Light".VANCOUVER, British Columbia--(BUSINESS WIRE)--May 24, 1996--ASHTON MINING (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:ACA ACA - Application Control Architecture ) David M. Hurburgh, President & 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 confirm that the U.S. Department of Interior has granted the permit to carry out a 10,000 ton bulk sampling program of the olivine lamproite located at the Crater of Diamonds State Park The Crater of Diamonds State Park is an Arkansas State Park located near Murfreesboro in Pike County, Arkansas, USA containing the only diamond bearing site in the world that is open to the public. Description The Crater of Diamonds State Park is an 911 acre (3. (the "Project"). This evaluation program is expected to start in approximately two to three months and be completed over a period not exceeding six months from its inception. Under the terms of an agreement with Texas Star Resources Inc. ("TSR"), Ashton has an option to acquire a 51 percent interest in this Project following a successful joint bid to obtain the mining rights to this Project. The decision to bid for the mining rights will be based on the grade of the deposit and the estimate of the stone value as determined under this advanced evaluation program. Only one other group is qualified to participate in the bidding process. Ashton's recent involvement in this Project is a significant new step in Ashton's continued commitment to diamond exploration in North America. Ashton Mining of Canada Inc. is a diamond exploration company with interests in a wide range of exploration 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, mining and marketing company and a 40 percent participant in the Argyle Diamond Mine The Argyle diamond mine () is a diamond mine located in the north-east of Western Australia. Joint Venture. CONTACT: Ashton Mining of Canada Inc. Wayne Hillier, 604/983-7750 |
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