Ashton Mining receives NWT mineral sampling results
Pure Gold Minerals Inc
PUG
Shares issued 33,724,033
1999-09-20 close $0.135
Tuesday Sep 21 1999
See Ashton Mining of Canada Inc (ACA) News Release
Mr. John Auston reports
Ashton Mining of Canada Inc. has completed its results from the
1999 summer program in the Northwest Territories. The program
consisted of heavy mineral sampling and field investigation of
geophysical anomalies on five properties: Star, Roundrock, Cross,
SYL, and Barry/GM. Initial results from this program suggest that
further work be carried out on the Star and Roundrock properties in
early 2000. Results from the rest of the properties are still pending.
All exploration programs are operated by Ashton and under the
direction of Brooke Clements, certified professional geologist,
Ashton's recently appointed vice-president of exploration.
Star property
The Star property is approximately 180 kilometres southwest of the
Ekati mine and is 7,200 hectares in size. Recent sampling has
confirmed that a previously defined indicator mineral fan clearly
originates from the junction of three lakes and may indicate a new
kimberlite. A ground geophysical survey will be conducted over the
lakes this winter with drilling to follow. The indicator minerals on
the Star property are of similar composition to those recovered on
the Cross property approximately 10 kilometres south, where the
diamondiferous Orion, Ursa and Cross kimberlites were discovered
by Ashton between 1994 and 1996.
The joint venturers on the Star property are Ashton, Pure Gold
Minerals Inc. and Tenajon Resources Corporation. Pending
confirmation of program financing by its joint venture partners,
Ashton's interest is 56 per cent.
Roundrock property
The Roundrock property is 130 kilometres west of the Ekati mine
and is 19,400 hectares in size. Abundant indicator ininerals are
present in numerous discrete fans in the area where the
diamondiferous Aquila kimberlite dykes were discovered in 1996.
The abundance of indicator minerals present in the area is too
difficult to explain on the basis of the Aquila dyke system alone.
Winter 2000 work will focus in this area and will consist of ground
geophysical surveys followed by the drilling of favourable targets.
The joint venturers on the Roundrock property are Ashton Mining
of Canada Inc., Tahera Corporation, Pure Gold Minerals Inc.,
Paramount Ventures and Finance Incorporated and Silverarrow
Exploration Inc. Pending confirmation of program financing by the
partners, Ashton's interest is 51 per cent.
(c) Copyright 1999 Canjex Publishing Ltd.
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