Ashton Mining of Canada Inc - News Release
Ashton receives K252 microdiamond results
Ashton Mining of Canada Inc ACA
Shares issued 29,249,415 2000-08-11 close $0.77
Monday Aug 14 2000 News Release
Also Alberta Energy Company Ltd (AEC)
Also Pure Gold Minerals Inc (PUG)
Mr. Robert Boyd reports
Ashton Mining has received microdiamond results from the second sample collected from kimberlite K252 on the Buffalo Hills property in Alberta during March, 2000. As reported in Stockwatch July 19, 2000, analysis of the initial 65.5-kilogram sample returned 101 microdiamonds and five macrodiamonds.
The second sample was recovered from one vertical and one inclined core hole and weighed 41.6 kg. It contained 34 microdiamonds and three macrodiamonds. A microdiamond is a stone greater than 0.1 millimetre and less than 0.5 mm in all dimensions while a macrodiamond is greater than 0.5 mm in at least one dimension. One of the macrodiamonds from this sample exceeds 0.5 mm in two dimensions. All diamonds were recovered by caustic dissolution at the Ashton laboratory in North Vancouver.
As reported earlier, the K252 kimberlite has two distinct phases: a fine- to medium-grained volcaniclastic kimberlite and a kimberlite breccia. The 41.6 kg sample reported above was collected from the volcaniclastic phase and the result reported on July 19, 2000, was taken from the breccia phase.
The encouraging results from K252 are among the best received from the 35 kimberlites discovered by the joint venture to date in Alberta. A geophysical crew is currently in the field conducting a survey to better define K252's complex geophysical anomaly. Once this work is completed, the joint venturers are planning a September drill program to further delineate the size and shape of the kimberlite and to collect at least three tonnes of material for macrodiamond analysis through Ashton's dense media separation plant in North Vancouver.
The joint venturers on the Buffalo Hills property and their approximate interests as at December 31, 1999, are Ashton, 44.7 percent; Alberta Energy Company Ltd., 44.7 per cent; and Pure Gold Minerals Inc., 10.6 per cent.
Ashton is operator of the Alberta programs. Brooke Clements, professional geologist, who is Ashton's vice-president, exploration, is responsible for the design and conduct of the programs. |
