Ashton Mining of Canada Inc.: K300 Alberta Kimberlite Diamondiferous.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 22, 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")(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 ), is pleased to report that the K300 kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. on the Buffalo Hills property in north-central Alberta is diamondiferous. As reported on February 27, 2003, K300 is the second kimberlite discovered on the property during the 2003 winter program recently completed by Ashton and its joint venture partners, EnCana Corporation EnCana Corporation is one of the largest independently owned oil and gas companies in the world. In both 2003 and 2004 it was Canada's most profitable company, with approximately $3.5 billion (U.S.) in profits on $12.2 billion in revenue. ("EnCana") and Pure Gold Minerals Inc.("Pure Gold"). The kimberlite was intersected when two vertical holes were drilled into an electromagnetic anomaly having approximate surface dimensions of 300 m x 300 m. Samples of core from the two drill holes were processed for diamonds 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 by 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. The table below presents the resulting data in square mesh sieve format. These data are insufficient to infer a diamond grade for K300.
K300 Diamond Results
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Numbers of Diamonds According to
Sieve Size Fraction (mm)
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Sample Total
Weight +0.100 +0.150 +0.212 +0.300 +0.425 +0.600 +0.850 +1.180 Dia-
(kg) -0.150 -0.212 -0.300 -0.425 -0.600 -0.850 -1.180 -1.700 monds
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170.8 25 17 9 3 0 0 0 0 54
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To date, the joint venture has discovered 38 kimberlites in north-central Alberta and confirmed that 25 of these are diamondiferous. Diamond results are expected later in the second quarter for K296, the first kimberlite discovered during the 2003 program. Additional material collected from the K6 kimberlite during the program is also being 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. . The joint venture will determine the extent of further work on K300 once the results from K296 and K6 have been received. The approximate beneficial interests of the joint venture partners are Ashton 45 percent, Pure Gold 10 percent, and EnCana 45 percent. 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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