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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Sal Pugliese who wrote (5909)8/5/1998 9:20:00 AM
From: Famularo  Read Replies (1) of 7966
 
Kimberlite K-91 diamond analysis

Ashton Mining of Canada Inc ACA
Shares issued 23,798,122 Aug 4 close $2.05
Wed 5 Aug 98 News Release
Also Alberta Energy Company Ltd (AEC)
Also Pure Gold Minerals Inc (PUG)
Mr. John Auston reports
Ashton Mining is pleased to report results of recent analyses of samples
from kimberlite K-91 on the Buffalo Hills project in north-central Alberta.
Samples from four large diameter holes on K-91 have been analyzed by dense
media separation in the company's laboratory in North Vancouver. The
samples were taken during the past winter by a combination of core and
rotary drilling. Two vertical holes, DDH 91-5 and RT 91-1, were drilled in
the northern portion of the magnetic anomaly, and the other two, DDH
91-6/RT 91-2 and RT 91-3, some 200 to 250 metres south in the southern
portion of the anomaly.
In the table below the weights shown for each of the rotary holes are those
calculated for the total volume of the hole.
The results are:

Diamonds (greater
than 0.8mm)

Indicated
Sample Content
Type Weight Total carats/
and (**) Weight 100
Hole Size (tonnes) carats tonnes
---- ---- -------- ------ -------
RT91-1 (a) 17.48 1.770 10.1

DDH91-5 (b) 2.47 0.378 15.3

DDH91-6* (b) 1.54 0.178 11.6

RT91-2* (c) 13.30 2.194 16.5
----- -----
14.84 2.372 16.0

RT91-3 (c) 1.08 0.041 3.8

(a) Rotary (10-5/8"/270mm)
(b) Core (8"/203mm)
(c) Rotary (12-1/4"/311mm)

* Core hole 91-6 proceeded to 37.4
metres, and was switched to rotary
drilling at that point.

** Calculated weight for total hole.

The two largest stones recovered weigh 0.45 and 0.41 carat.
Hole RT91-1 was drilled 24 metres east of earlier core hole DDH91-1 which
returned 0.287 carats of diamonds from a small sample of 0.21 tonne, as
reported on Feb. 9, 1998. The lower results from the recent hole suggest
that this zone of higher content is of limited extent.
Overall, the results are an encouraging indication that diamonds are widely
distributed through the kimberlite. In light of these results any
additional sampling will be deferred for the present in favour of
identification and examination of other priority targets.
The joint venturers on the central Buffalo Hills project are Ashton Mining
of Canada (42.5 per cent), Alberta Energy Company (42.5 per cent) and Pure
Gold Minerals (15 per cent). Ashton is operator of the programs.
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