NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG
FOR: ASHTON MINING OF CANADA INC.TSE SYMBOL: ACASEPTEMBER 29, 2000 - 09:00 EDT
Ashton Completes Current Drilling On The Ric Property InNunavut
VANCOUVER, BRITISH COLUMBIA--Robert T. Boyd, President and CEO of
Ashton Mining of Canada Inc. ("Ashton") reports that the fall
drill program has now been completed on the Ric property in
Nunavut. As reported on September 26, 2000, a new kimberlite,
named Perseus, was discovered during this program.
Perseus is situated at the head of a highly anomalous indicator
mineral train coincident with the presence of kimberlite float. As
reported on September 26, microdiamonds are present both in the
till samples and in the kimberlite float. The float is widely
distributed along a strike length of 1.4 km.
Four angle holes were initially drilled at the Perseus discovery
site with a subsequent hole drilled 50 m to the east to determine
the orientation and dip of the kimberlite intrusion. All five
holes encountered similar intersections of kimberlite, suggesting
that Perseus may be a sill approximately 10 m wide dipping north
at less than 15 degrees. The intrusion appears to be striking
east-northeast approximately parallel to the float distributionpattern.
Core has been shipped to Ashton's North Vancouver laboratory for
microdiamond analysis which is expected to be completed in thelast quarter 2000.
Ashton is pleased with the success of the fall drill program.
Planning for a 2001 drill program on the Ric property will begin
after the heavy mineral samples collected this summer have been
analyzed. The extent of the 2001 drill program will depend on this
analysis, microdiamond results from the Perseus kimberlite and
data from additional geophysics to be conducted on the property inearly 2001.
The Ric claims constitute one of the properties being explored by
Ashton and Pure Gold Minerals Inc. under the Slave Regional joint
venture in which Ashton is operator of all programs. Brooke
Clements, Ashton's Vice President, Exploration, is responsible for
the design and conduct of the programs.-30-
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