Ashton Outlines Summer Field Program.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 4, 1997--ASHTON MINING(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME ACA ACA - Application Control Architecture .) John S. Auston, 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 is pleased to announce that Ashton's extensive summer field programs have commenced in northern Alberta Norhern Alberta is a region located in the Canadian province of Alberta. Its primary industry is oil and gas, with large heavy oil reserves being exploited at the Athabasca Oil Sands and Wabasca Area in the east of the region. , the Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. and northern Quebec. Alberta One coring rig is scheduled to begin drilling today of untested magnetic anomalies on the Buffalo Hills property, and a second coring rig will begin in the next day or two. On present plans these drills will test three new target areas and then move to further examination of kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipes discovered last winter. There are 70 to 80 magnetic anomalies of various priorities to be examined in the option property, but the number of targets available for drilling during the summer will depend on ground geophysical confirmation and on conditions of access and terrain. A rotary percussion drill rig is being transported to the Buffalo Hills property, and will begin taking a mini-bulk sample from pipe K-14 early next week. A detailed aeromagnetic survey is being flown over the entire Buffalo Hills option property of 1.45 million acres. Plots of new aeromagnetic data are awaited from joint venture properties adjacent to the central Buffalo Hills option property. A field camp has been established and geophysical crews have begun the ground investigation of anomalies detected by aeromagnetic surveys. Northwest Territories On the Roundrock property two core drill holes have been completed on the previously discovered diamondiferous Aquila kimberlite in order to acquire more sample for analysis and to outline the kimberlite more accurately. The program is continuing to search for the sources of other mineral indicator trains in the vicinity. Programs of heavy mineral sampling are underway on the Cross and the JC properties and on newly-acquired claims in northern regions of the Slave Province. Quebec Reconnaissance sampling began in northern Quebec in late June. Ashton is a diamond exploration company with interests in a wide range of properties in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . It is 62 percent-owned by Ashton Mining Limited of Australia, a leading explorer, producer and marketer of diamonds which holds an interest of 40.1 percent in the Argyle diamond mine The Argyle diamond mine () is a diamond mine located in the north-east of Western Australia. in northwestern Australia. CONTACT: Ashton Mining of Canada Inc. John S. Auston, 604/ 983-7750 or Ashton Mining of Canada Inc. Wayne D. Hillier, 604/ 983-7750 |
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