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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Martin Wormser who wrote (2800)11/11/1997 11:54:00 AM
From: Jesse  Read Replies (3) of 7966
 
Morning folks! News on Remembrance/ Veteran's Day! Naturally a quiet day, ergo the muted response. And again, most won't understand these numbers right off. They are not huge, but are quite significant (as if I'm an expert--- NOT).

Martin, the final column is a rating per 100t. Therefore, you need to divide the dry sample weight into that to calculate the ratio.

For ex., the first row from the table (bold= #'s in PR):

(100/1.11) x 0.74 = 67

The same goes for the final row (the totals):

(100/8.17) x 2.99 = 36.6 (note the actual extra .6)
____
As Frank indicated, these numbers are quite good at this stage. And as Chris said, more proof here in the pudding that we are are our way to a mine (i.e., one more step)...

Today's News:
The five largest stones recovered weigh 0.60, 0.30, 0.28, 0.21 and 0.18 carats. Many of the diamonds are colourless, and there are some coloured stones as well. The sample size is too small however, to make any definitive comment on quality.

There is some evidence of breakage of stones resulting from the drilling process, although the larger stones noted are whole. The results are an encouraging indication that kimberlite K14 contains a population of diamonds of commercial size.

- - - - - -
We can expect more minibulk results (from: ACA, Oct.2/97):

Drilling and surficial pitting collected 5 tonnes of kimberlite from K5, 8.5 tonnes from K6, 27 tonnes from K14 and 10 tonnes from K14B. These mini-bulk samples have been transported to Ashton's Vancouver laboratory and processing by Dense Media Separation is continuing. The first results from this mini-bulk testing are expected in late October.

And of course the 14C next monthish

Regards,
-J
:>

PS, see this post at Stockhouse ACA forum for count comparison (tho I don't know if the numbers are accurate):
forums.stockhouse.com
(post #34968)
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