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Ashton Mining of Canada Inc.: Encouraging Results Continue from Renard Cluster.


Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 7, 2003

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"), is pleased to report initial diamond results for the Renard 9 kimberlitic body in the Otish Mountains region of north-central Quebec.

Renard 9 is one of the eight kimberlitic intrusions discovered by Ashton and its joint venture partner, SOQUEM INC. ("SOQUEM"), on the Foxtrot foxtrot

one of the two artificial gaits of the five-gaited horse. A four-beat gait midway in speed between a walk and a trot. There is a great deal of similarity with several other gaits such as amble, fadge, slow pace, stepping pace, running walk, jog, hound jog.
 property. Renard 9 is situated within the 0.5 square kilometre Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
  • 1,000,000 m²
  • 100 ha (hectare)
Conversely:
  • 1 m² = 0.
 area that also encompasses the diamondiferous Renard 2, 3, 4, 8 and 65 kimberlitic bodies. As announced on April 10, 2003, Renard 9 was discovered by drilling, from the same setup, three angle holes at inclinations of 50, 55 and 60 degrees from horizontal across a geophysical ge·o·phys·ics  
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology.
 anomaly. The anomaly is approximately 160 m in length and has a surface width that ranges from 20 to 60 m.

A 212.4 kg sample of core from the drill holes was processed for diamonds by caustic dissolution at Ashton's 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.  laboratory. Approximately 60 percent of this material consisted of kimberlitic 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 remainder was composed of hypabyssal hyp·a·bys·sal  
adj. Geology
Solidifying chiefly as a minor intrusion, especially as a dike or sill, before reaching the earth's surface. Used of rocks.



hyp
 material. The following table presents the results of the caustic dissolution analysis in square mesh sieve format.


----------------------------------------------------------------------
Sample Numbers of Diamonds According to Sieve Size Fraction(mm)  Total
Weight                                                          Number
(kg)                                                                of
                                                              Diamonds
----------------------------------------------------------------------
     +0.100 +0.150 +0.212 +0.300 +0.425 +0.600 +0.850 +1.18 +1.70
     -0.150 -0.212 -0.300 -0.425 -0.600 -0.850  -1.18 -1.70 -2.36
     ------------------------------------------------------------
212.4    43     48     38     21      9     17      1     0     1  178
                                                          (Note 1)
----------------------------------------------------------------------



Note 1: This diamond is a pale brown composite crystal that weighs 0.11 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. .

The joint venture is encouraged by these results which compare favourably to the initial diamond results derived from the other kimberlitic bodies within the Renard cluster. Consideration will therefore be given to delineation drilling and the collection of a mini-bulk sample from Renard 9 as part of the 2004 program.

SOQUEM is a wholly-owned subsidiary of SGF SGF Svenska Golfförbundet (Swedish Golf Federation)
SGF Société Générale de Financement (Quebec, Canada)
SGF Smart Game Format
SGF Simulated Gastric Fluid
 Mineral inc., a subsidiary of Societe generale de financement du Quebec ("SGF"). The mission of the SGF, as an industrial and financial holding company, is to carry out economic development projects, especially in the industrial sector, in cooperation with partners and in accordance with accepted requirements for profitability that comply with the economic development policy of the Government of Quebec.

Ashton is the operator of the exploration programs and Brooke Clements, Professional Geologist and Ashton's Vice President, Exploration, is responsible for their design and conduct and the verification and quality assurance of analytical results.
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Publication:Business Wire
Geographic Code:1CANA
Date:Aug 7, 2003
Words:434
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