I think Ashton is busy on all counts! This is from their Hallowe'en release:
"The fall exploration program in Alberta commenced in
mid-October. Core drilling on anomaly K91, 2.5km northwest of
K14, has intersected a new kimberlite beneath 14 metres of
glacial overburden. Results of microdiamond analysis are
expected in early December."
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They've also been doing aeromagnetics and ground geophysics on much of their properties in the area, as alluded to in several of their various NR's (lining up mucho more targets).
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NORTHWEST TERRITORIES (fr. PUG's NR, 11/3/97):
"Ashton Mining, Pure Gold's joint venture partner on its
Northwest Territories interests, has been actively sampling
on the Roundrock, Cross Lake, Squalus, and JC claims. On the
Roundrock, nine holes were completed. Two holes were drilled
into the previously discovered Aquila kimberlite, and the
remaining seven holes tested geophysical anomalies related to
nearby indicator dispersion fans. The drilling has indicated
that the Aquila body is highly irregular, smaller than
originally anticipated and unlikely to be of economic
dimensions. Drilling of the geophysical anomalies intersected
kimberlite dykes.
On the Cross Lake, JC claims, and the Squalus property,
exploration activities concentrated on the collection of
heavy mineral samples. Results from these programs are
anticipated later this fall."
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Of course, what we wait for immediately:
"Ashton's summer exploration program in Alberta was completed in early September. Drilling and surficial pitting collected 5 tonnes of kimberlite from K5, 8.5 tonnes from K6, 27 tonnes from K14[reported], and 10 tonnes from K14B[probably next]. These mini-bulk samples have been transported to Ashton's Vancouver laboratory and processing by Dense Media Separation is continuing."
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As well as a probable announcement of more extensive bulk-sampling of K14!
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Lots going on, kids.
This month-end/tax-loss selling is sure hurting the juniors (amazing buy opps out there, tho)!
-J
:>
-TYR firm today |
