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Ashton Mining Announces State of Arkansas Reports Final Results from the Crater of Diamonds.


VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 10, 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 .) The State of Arkansas has reported the fourth and final set of results of diamond sorting from its Phase II testing program on 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 recent results are from six trenches in the central and eastern portions of the lamproite pipe. Forty-seven stones with an aggregate weight of 9.594 carats were recovered from a combined sample of 1,891.52 tons.

The bulk sampling program of Phase II evaluation is now complete. The total quantity of lamproite treated during the program was 8,819 tons. This material contained 207 stones weighing 45.75 carats, for an average indicated diamond content of 0.5 carat CARAT, weights. A carat is a weight equal to three and one-sixth grains, in diamonds, and the like. Jac. L. Dict. See Weight.  per 100 tons.

These results fall significantly short of the diamond content which would be required to support a commercial mining operation. Ashton will consider its position with regard to participation in any further evaluation of the lamproite following review of summary reports on the bulk sampling to be prepared by the operator under this State-run program.

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. . It has the right to acquire an interest of 51 percent in a joint venture on the Crater of Diamonds if the joint venture were to be successful in any competitive bid for mining rights which might be called for by the State of Arkansas.

CONTACT: Ashton Mining of Canada Inc.

John S. Auston, 604/983-7750

Wayne D. Hillier Hillier is a surname, and may refer to:
  • Bevis Hillier English art historian, author and journalist
  • David Hillier English former footballer.
  • Erwin Hillier German-born cinematographer known for his work in British cinema
, 604/983-7750
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 10, 1997
Words:268
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