SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George J. Tromp who wrote (1380)10/22/1998 2:29:00 PM
From: VAUGHN  Read Replies (1) of 2251
 
Hello George

Interesting announcement here:

Euro-Nevada announcement/Ashton-Tasmania
Reuters Story - October 22, 1998 11:28

(Full text of press release from Canada NewsWire)
Ashton Mining to explore for diamonds on Euro-Nevada lands in
Tasmania
TORONTO, Oct. 22 /CNW/ - Euro-Nevada Mining Corporation's
wholly-owned subsidiary, Pacific-Nevada Mining Pty Ltd., has
signed a letter of agreement with Ashton Mining Ltd. for the
exploration of diamonds over the approximately 1 million acres
in north western Tasmania owned by Pacific-Nevada. The
exploration program is believed to be the first of its kind in
Tasmania since the discovery of diamonds in river beds during
the 1880's alluvial gold rush.
Ashton, as Manager, will have the right to earn a 51%
interest in the diamonds contained in the project area after
funding has reached the point where 1,000 carats from a single
kimberlite pipe on the property can be demonstrated. In the
event Pacific-Nevada's participating interest dilutes to less
than 30%, its interest shall then automatically be converted to
a carried 5% gross value royalty. Ashton has a four month
option period commencing October 1st, 1998 during which it can
assess the diamond potential and feasibility of the project.
Pacific-Nevada has identified an alignment of discreet
magnetic and coincident electro-magnetic anomalies paralleling
a major regional fault from a high resolution airborne
geophysical survey it conducted over a small portion of the
prospective lands. Pacific-Nevada will continue with its
active A$1.2 million gold exploration program in this region.

Regards
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News