Ashton finds more diamonds in Alberta Kimberlites.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 16, 1997-- Ashton Mining of Can(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 Inc. is pleased to report results of diamond analyses from four further kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipes in the Buffalo Hills Property of 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 results tabulated include those from the four additional pipes along with the three pipes reported earlier (K2, K4A and K14) and one further analysis of pipe K14. The samples have been selected at representative intervals from within long intersections of kimberlite. They have been analyzed by the caustic dissolution process in the Ashton group laboratories in 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. and Perth, Australia Perth may refer to:
Kimberlite Hole Lab Interval Sample Number of Stones
Pipe Number (m) Wt Micro Macro(xx)
(kg) less greater
than than
0.5 mm 0.5 mm
K2 trench AMC n/a 90.2 2 0
trench(x) AML n/a 90.7 1 0
K2 Total 180.9 3 0
K4A 4A-1 AMC 23.06-43.62 47.6 1 0
4A-1x AML 49.35-62.62 49.4 1 0
4A-1 AMC 90.52-105.76 47.9 0 1
4A-1x AML 105.76-119.1 49.8 0 0
K4A Total 194.7 2 1
K4B 4B-1 AML 24.44-37.70 50.1 0 0
4B-1 AMC 50.40-64.70 48.1 0 0
4B-1 AML 105.5-117.7 50.4 2 0
4B-1 AMC 130.4-141.2 48.7 1 0
K4B Total 197.3 3 0
K4C 4C-1 AML 77.5-94.0 77.4 0 0
K4C Total 77.4 0 0
K5A 5A-1 AMC 24.00-38.71 44.5 11 0
5A-1 AML 38.71-53.00 50.8 10 0
5A-1 AMC 81.51-93.85 51.3 11 0
5A-1 AML 93.85-106.16 50.3 11 0
K5A Total 196.9 43 0
K6 6-1 AMC 47.80-58.00 48.1 6 0
6-1 AMC 145.0-158.1 50.7 11 0
6-2 AMC 110.13-126.73 54.9 16 3
K6 Total 153.7 33 3
K14 14-1x AML 47.85-59.86 50.6 39 1
14-1x AML 72.23-85.00 51.0 53 8
14-1 AMC 97.60-109.40 51.6 51 1
14-1x AMC 168.87-191.10 50.9 47 2
K14 Total 204.1 190 12
(x) Results previously reported
(xx) Macrodiamonds refer to diamonds recovered with one dimension
equal to or greater than 0.5 mm. The four largest macrodiamonds from
pipe K14 measure 1.5, 0.9, 0.8, and 0.8 millimetres in maximum
dimension, and the largest from pipe K6 measures 1.0 millimetre.
AMC - Ashton Mining of Canada Inc. - North Vancouver, B.C., Canada
AML - Ashton Mining Limited - Perth, Australia
Microdiamonds have been found in six of the seven pipes analysed so far, which is a clear indication that this new kimberlite field is prospective for diamonds. Results from such small samples, however, do not provide enough information to determine grade and quality, and significantly larger samples are required to evaluate the potential for commercial operation. The summer program will be finalized See finalization. when results from analyses of the remaining four pipes found last winter become available over the next few weeks. Many geophysical anomalies similar to those over the pipes found so far remain to be drilled. Work on some of these will commence in June, along with further examination of those pipes already defined. A detailed aeromagnetic survey An aeromagnetic survey is a common type of geophysical survey carried out using a magnetometer aboard or towed behind an aircraft. The principal is similar to a magnetic survey carried out with a hand-held magnetometer, but allows much larger areas of the Earth's surface to be of the entire original Buffalo Hills block of 1.45 million acres is to be flown and similar surveys are being extended to the adjacent blocks held by the joint venture. Ashton Mining of Canada Inc. and Pure Gold Resources Inc, have an option agreement with Alberta Energy Company Ltd. of Calgary whereby Pure Gold and Ashton have the right to earn interests of 15 percent and 42.5 percent respectively in the Buffalo Hills Property. Total landholdings, including option and joint venture lands, comprise 26.8 million acres in north central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta. Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy. . Ashton is operator of the related exploration programs. 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 Wayne D. Hillier Hillier is a surname, and may refer to:
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