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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: ddl who wrote (5793)7/27/1998 9:08:00 AM
From: don jackson  Read Replies (2) of 7966
 
Ashton Reports Analyses and Progress of Field Programs

VANCOUVER, BRITISH COLUMBIA--John S. Auston, President and CEO of
Ashton Mining of Canada Inc., reports results of analyses from the
Buffalo Hills Project in north-central Alberta and the progress of
summer field programs in Alberta, the Northwest Territories and
Quebec.

Alberta

Microdiamond Analyses

Samples from the final three of the nine kimberlites discovered
last winter have now been analyzed in the North Vancouver and
Perth laboratories. Each sample is from a vertical reverse
circulation hole on targets in the eastern portion of the area.
The results returned only one microdiamond from kimberlite K-32,
while kimberlites K-93 and K-15 showed no microdiamonds. No
further field work is planned at this time on these three
kimberlites.

This completes microdiamond analyses of all 23 of the Buffalo
Hills kimberlites discovered in the past 18 months. Sixteen of
these have been determined to be diamondiferous and four with
higher microdiamond counts have been mini-bulk sampled (K-14, K-5,
K-6 and K-91). The widespread occurrence of diamonds confirms the
broad prospectivity of this extensive new kimberlite province,
where much investigation remains to be carried out.

Kimberlite K-91

Results from the analysis of a mini-bulk sample from kimberlite
K-91 are nearing completion and are expected by the end of July.

Field Programs

Many aeromagnetic anomalies with possible kimberlite signatures
remain to be investigated on the ground. Geophysical crews have
begun surveys and will continue through the summer and fall months
to define targets to be drilled under winter conditions. Mineral
indicator sampling is also underway over wide areas.
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