Ashton Mining of Canada Inc.: Progress Report; Renard 65 Mini-Bulk Sample.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--July 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"), is pleased to provide a progress report on the 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. ") analysis of the approximately 17 tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. mini-bulk sample collected from the Renard 65 kimberlitic body during the winter 2003 program. Renard 65 is one of the eight kimberlitic bodies 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 in north-central Quebec. Diamonds weighing 0.92 and 0.26 carats were recovered from 821 kg of material collected from Renard 65 in 2002. On June 26, 2003, Ashton reported that a diamond of at least four carats had been found in core from one of the holes drilled in the northern portion of the body during the winter 2003 program. The 17 tonne sample was collected during the winter 2003 program by drilling 15 core holes into the body. To date, 6.95 tonnes have been processed by DMS 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 observed for diamond content. This portion of the sample came from the southern half of the body. The 6.95 tonnes of material returned 2.35 carats of diamonds larger than 0.85 mm using a square aperture An orifice. It often refers to an opening in which light is allowed to pass in optical systems such as cameras and lasers. See f-stop and numerical aperture. screen. These results give this portion of the mini-bulk sample an estimated diamond content of 34 carats per hundred tonnes. The largest diamonds recovered were brown and pale brown dodecahedral crystals weighing 0.77 and 0.20 carats respectively. The remaining material was collected from the core holes drilled into the northern half of Renard 65 and is currently being processed by DMS. The full results of the 17 tonne sample are now expected before the end of August. 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 is to carry out economic development projects in cooperation with partners and in accordance with accepted requirements of profitability. Ashton is the operator of the joint venture's exploration programs. Brooke Clements, Professional Geologist and Ashton's Vice President, Exploration, is responsible for their design and conduct, and for the verification and quality assurance of analytical results. |
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