Ashton reports further diamond results from Alberta.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 11, 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 is pleased to report results of microdiamond analyses from four 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. , bringing to eleven the total number of pipes from which analytical results have been reported. The results tabulated below include initial analyses from pipes K5B, K7A, K7B and K7C along with further analyses from K4C and K6. Sample intervals have been randomly selected as representative from within long intersections of kimberlite, and have been analysed by caustic dissolution 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 Interval Sample Wt. Number of Stones
Pipe Number Lab (m) (kg.) Micro Macro
less than more than
0.5mm or equal
to 0.5 mm
K5B 5B-1 AMC 49.68-68.09 56.7 18 0
5B-1 AMC 99.66-111.86 47.2 13 1
K7A 7A-1 AMC 92.7-106.9 59.1 0 0
7A-1 AMC 186.6-200.24 54.8 0 0
K7B 7B-1 AMC 85.8-101.2 56.2 0 0
7B-1 AMC 142.5-154.0 45.2 1 0
K7C 7C-1 AMC 37.18-54.54 51.8 0 0
K4C 4C-1 AMC 44.0-62.0 72.6 0 0
4C-2 AML 61.19-83.0 50.8 0 0
4C-2 AMC 83.0-96.62 48.6 0 0
4C-2 AML 96.62-110.35 50.5 0 0
K6 6-1 AML 68.0-81.38 52.2 7 0
6-1 AML 158.1-168.22 49.3 7 0
6-2 AML 93.57-110.13 66.3 6 2
Microdiamonds are stones with a maximum dimension of less than 0.5 mm
and greater than 0.1 mm. The maximum dimension of the larger
macrodiamond from pipe K6 is 1.5 mm.
AMC - Ashton Mining of Canada Inc. - North Vancouver, B.C., Canada
AML - Ashton Mining Limited - Perth, Australia
The incidence of microdiamonds and one macrodiamond in pipe K5B is an encouraging exploration result, as is the further indication of microdiamonds and macrodiamonds in pipe K6. It should be noted that microdiamond analyses of samples of such limited size cannot provide sufficient information to determine grade and quality. Commercial potential can only be determined by the collection and analyses of larger mini-bulk and bulk samples. Results now have been received from each of the eleven pipes discovered last winter, and are summarized below:
Pipe Number of Samples Total Sample Number of Stones
Analyzed Weight Micro Macro
(kg.) less than more than
0.5mm or equal
to 0.5mm
K2 2 180.9 3 0
K4A 4 194.7 2 1
K4B 4 197.3 4 0
K4C 5 299.9 0 0
K5A 4 196.9 43 0
K5B 2 103.9 31 1
K6 6 321.5 53 5
K7A 2 113.9 0 0
K7B 2 101.4 1 0
K7C 1 51.8 0 0
K14 4 204.1 190 12
The early exploration results from pipes K14, K5A/B A/B Airborne A/B Afterburner (jet engines) A/B Air Blast A/B Answerback A/B Auto-brake A/B Air Bus A/B Afterburning , and K6 are encouraging and warrant mini-bulk sampling during the forthcoming summer program. This program will begin later in June, and will include the taking of samples of about 10 tonnes each from these pipes. New geophysical targets will be drilled along with further drilling of the kimberlites found last winter, and airborne and ground geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. will be performed in search of indications of additional pipes on the joint venture's extensive landholdings. Ashton's share of overall program costs will be about $4.4 million. 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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