Ashton Mining of Canada Inc.: Additional Microdiamond Results from K252 Kimberlite in Alberta.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 14, 2000 Robert T. Boyd, 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. ("Ashton") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACA ACA - Application Control Architecture .) is pleased to report microdiamond results from the second sample collected from kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. K252 on the Buffalo Hills property in Alberta during March 2000. As reported on July 19, 2000, analysis of the initial 65.5 kg sample returned 101 microdiamonds and five macrodiamonds. The second sample was recovered from one vertical and one inclined core hole and weighed 41.6 kg. It contained 34 microdiamonds and three macrodiamonds. A microdiamond is a stone greater than 0.1 mm and less than 0.5 mm in all dimensions while a macrodiamond is greater than 0.5 mm in at least one dimension. One of the macrodiamonds from this sample exceeds 0.5 mm in two dimensions. All diamonds were recovered by caustic dissolution at the Ashton laboratory in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. . As reported earlier, the K252 kimberlite has two distinct phases: a fine- to medium-grained volcaniclastic kimberlite and a kimberlite breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. . The 41.6 kg sample reported above was collected from the volcaniclastic phase and the result reported on July 19, 2000 was taken from the breccia phase. The encouraging results from K252 are among the best received from the 35 kimberlites discovered by the joint venture to date in Alberta. A geophysical crew is currently in the field conducting a survey to better define K252's complex geophysical anomaly. Once this work is completed, the joint venturers are planning a September drill program to further delineate the size and shape of the kimberlite and to collect at least three tonnes of material for macrodiamond analysis through Ashton's dense media separation plant in North Vancouver. The joint venturers on the Buffalo Hills property and their approximate interests as at December 31, 1999 are Ashton, 44.7 percent, Alberta Energy Company Ltd. (AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission .TSE) 44.7 percent, and Pure Gold Minerals Inc. (PUG.TSE) 10.6 percent. Ashton is operator of the Alberta programs. Brooke Clements, Professional Geologist, who is Ashton's Vice President, Exploration, is responsible for the design and conduct of the programs. |
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