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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Jesse who wrote (6953)11/25/1998 10:50:00 PM
From: Famularo  Read Replies (1) of 7966
 
This is an extraction of the K14 mini bulk NR,
some words that were used here were strong and
to some extent misleading.

The samples, totalling 27.42 tonnes in weight,
are from reverse circulation drill holes (8.17 tonnes)
and surface pits (19.25 tonnes). The seven vertical
holes were drilled at 25 metre centres along an east-west
line 150 metres in length in the south-central portion
of the main K14 magnetic anomaly. The five surface pits
are spaced irregularly along an east-west distance of 50
metres on the northern part of the main anomaly K14,
75 metres north of the drill holes. The results of
the dense media separation tests are tabulated below.

Sample Type Hole Dry weight ct/100t
# length Sample stones stones >0.8
weight >0.8ct
K-14-1 RC 88.4 1.11 0.74 67
K-14-2 RC 86.9 1.07 0.19 18
K-14-3 RC 88.2 1.10 0.12 11
K-14-4 RC 98.8 1.34 1.18 88
K-14-5 RC 86.7 1.07 0.48 45
K-14-6 RC 89.7 1.22 0.09 7
K-14-7 RC 94.3 1.26 0.19 15
Total 8.17 2.99 36

All results indicate a high variability in diamond
content over relatively short distances. Generally the
diamond contents of the pits are lower than those of
the drill holes. The drill hole samples collected over
150 metres horizontally and up to 90 metres vertically
are more representative of K14 than are the pit samples
which were collected from surface. The drill hole data
should be considered a more reliable indication of the
commercial potential of the K14 kimberlite.
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.

The above is what was reported by Ashton with the
K14 mini bulk, this latest 479t result needs some
clarrification for me. Why is it not broken up by
sample number? What were the sub sample counts from
the orginal K14C? Were samples taken from there?
Lots missing here folks. I am surprised not too many
are asking these questions. Ashton owes the market
more info. They don't tell us more than what we need
to know. Strange process and maybe this is the reason
I am following this stock so closely.

Turning the lights off for the night!

Regards
Fast Frank
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