Ashton Mining of Canada Inc.: Hibou Dyke on Foxtrot Property Diamondiferous.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Ashton Mining of Canada Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ACA ACA - Application Control Architecture ) - Additional mini-bulk sampling planned for 2006 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" or "the Corporation") is pleased to report diamond results from dense media separation ("DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ") processing and caustic caustic, any strongly corrosive chemical substance, especially one that attacks organic matter. A caustic alkali is a metal hydroxide, especially that of an alkali metal; caustic soda is sodium hydroxide, and caustic potash is potassium hydroxide. dissolution Act or process of dissolving; termination; winding up. In this sense it is frequently used in the phrase dissolution of a partnership. The dissolution of a contract is its Rescission by the parties themselves or by a court that nullifies its binding force and reinstates each analysis of kimberlitic boulders, trench trench: see ocean. and drill core samples collected in 2005 from the Hibou kimberlitic dyke and surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. area. As reported on August 11, 2005, Ashton and its 50:50 joint venture partner, SOQUEM INC., discovered four new occurrences of kimberlitic boulders 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 in north-central Quebec during the summer 2005 field season. The Hibou dyke system, located approximately 1.3 kilometres west of the Renard cluster and 900 metres east of the Lynx lynx, name given to several related small, ferocious members of the cat family. All have small heads, tufted ears, and heavy bodies with long legs and short tails. All are primarily terrestrial, although they are able to climb trees. dyke system, was discovered by drilling in the area of the first boulder Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). discovery site. As reported on October 13, 2005, Hibou is interpreted to be approximately two metres thick with a west-northwest strike length of at least 850 metres and an approximate dip of 10 degrees to the north-northeast. Diamond Results Boulder Samples A 4.57 tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. sample of kimberlitic boulders collected from the first discovery site located near the projected surface expression of the Hibou dyke was processed by DMS. This material returned 2.87 carats of commercial-sized diamonds larger than 1.18 mm, giving the sample an estimated diamond content of 63 carats per hundred tonnes ("cpht"). As reported on October 13, 2005, a 250 kg sample of boulders collected at the same site yielded favourable diamond results following caustic dissolution analysis. A 103 kg sample of boulder material collected approximately 200 metres to the south of the first site has now been processed by caustic dissolution. This sample returned 408 diamonds larger than 0.100 millimetres. Trench Samples During the summer, in-situ kimberlitic material was collected from a trench excavated near the interpreted eastern strike limit of the dyke, approximately 150 metres east of the first boulder discovery. A 9.93 tonne sample of this material was processed by DMS and returned 0.86 carats of commercial-sized diamonds larger than 1.18 mm for an estimated diamond content of 8.7 cpht. A 105 kg sample of the same material was analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by caustic dissolution and yielded 225 diamonds larger than 0.100 millimetres. Drill Core Samples A 31.5 kg sample of kimberlitic material collected from three holes drilled into the Hibou dyke was analyzed by caustic dissolution. These holes were collared approximately 60 metres north of the first boulder discovery site. The cumulative 31.5 kg sample of drill core returned 59 diamonds larger than 0.100 millimetres. A plan map showing the boulder collection sites, the trench sample site and the drill sites is available on Ashton's website at http://www.ashton.ca/projects_quebec_map_hibou_aerial aerial: see antenna, in electronics. _view.html. The caustic dissolution and DMS results were generated 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 and are presented in the following tables.
Caustic Dissolution Diamond Results for Boulders and Material
Collected from the Hibou Dyke and Surrounding Area by Trenching
and Drilling
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Number of Diamonds
Sample Weight According to Sieve Size Fraction (mm)
and of --------------------------------------
Date Sample +0.100 +0.150 +0.212 +0.300
Reported (kg) -0.150 -0.212 -0.300 -0.425
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Boulders
January 16,
2006 103 123 154 78 40
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Boulders
October 13,
2005 250 216 235 160 106
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Boulder
Total 353 339 389 238 146
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Trench
January 16,
2006 105 70 76 37 27
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Cumulative
Drill Core
January 16,
2006 31.5 12 18 15 7
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Number of Diamonds
Sample According to Sieve Size Fraction (mm) Total
and -------------------------------------- Number
Date +0.425 +0.600 +0.850 +1.18 of
Reported -0.600 -0.850 -1.18 -1.70 Diamonds
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Boulders
January 16,
2006 9 2 2 0 408
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Boulders
October 13,
2005 22 11 7 4 761
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Boulder
Total 31 13 9 4 1169
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Trench
January 16,
2006 7 5 2 1 225
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Cumulative
Drill Core
January 16,
2006 5 2 0 0 59
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DMS Diamond Results for Boulders and Material Collected from the
Hibou Dyke and Surrounding Area by Trenching
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Weight of
Diamonds Estimated Largest
Sample Recovered Diamond Diamonds
Weight (carats) Content (carats)
Sample (tonnes) (Note 1) (cpht) (Note 2)
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Boulders 4.57 2.87 63 0.44, 0.28
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Trench 9.93 0.86 8.7 0.12, 0.11
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Note 1 - All diamonds recovered are larger than 1.18 mm using a
square mesh screen.
Note 2 - The 0.44 carat stone is a brown octahedral crystal and
the 0.28 carat diamond is an off-white macle.
Next Steps These results encourage the joint venture to continue the evaluation of the Hibou dyke and surrounding area even though the DMS results from trench material have yet to confirm expectations based on the more promising caustic dissolution results. Further trenching is therefore under consideration by the joint venture for 2006 to collect mini-bulk samples that would provide the basis for a more accurate determination of the diamond content of the dyke. 2006 Program Update As reported on November 8, 2005, the joint venture plans to collect a large bulk sample from the Renard cluster in 2006 in order to obtain a minimum 5,000 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. parcel of diamonds for valuation purposes. Concurrently, exploration of the Foxtrot property will continue with the goal of discovering additional kimberlitic bodies. Details of the program will be provided in the next several weeks including descriptions of activities and projected timelines This article or section contains self-references. For other uses of "Timeline", see Timeline (disambiguation). The following is an index of timelines found on Wikipedia. . Ashton Mining of Canada Inc. and SOQUEM INC. Ashton's prime objective is the discovery or acquisition of diamond prospects capable of rapid advancement to development and production. The Corporation is recognized as one of the leading explorers in the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. diamond industry. Ashton's competitive advantages include the significant exploration experience of its key personnel as well as its extensive in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. laboratory facilities in North Vancouver, dedicated to the Corporation's exploration projects. SOQUEM INC. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Societe generale de financement du Quebec ("SGF SGF Svenska Golfförbundet (Swedish Golf Federation) SGF Société Générale de Financement (Quebec, Canada) SGF Smart Game Format SGF Simulated Gastric Fluid "). The mission of the SGF, an industrial and financial holding company, is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec. Ashton is the operator of the joint venture's exploration programs. Brooke Clements, Professional Geologist and Ashton's Vice President Exploration, is a Qualified Person pursuant to National Instrument 43-101. Mr. Clements is responsible for the design and conduct of the Corporation's exploration programs and for the verification and quality assurance of analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. results. Ashton Mining of Canada Inc. (TSX:ACA) |
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