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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: griz who wrote (7227)4/15/1999 12:09:00 PM
From: Jesse  Read Replies (1) of 7966
 
Hi Griz! I see the new "BH" kims aren't on the regularly updated NCS map, but here's the link:

newclaymore.com

- I imagine the BH kims are on the original Ashton core block.

The 6 new ACA kims are outlined as follows:

Kimbie ~ Property ~ Overburden ~ Drilling Method
-------------------------------------------------------
BH-155 ~ Buffalo Hills ~ 34m ~ Core
BH-225 ~ Buffalo Hills ~ 30m ~ Core
BH-229 ~ Buffalo Hills ~ 74m ~ Core
BH-230 ~ Buffalo Hills ~ 39m ~ Core
LL-07 ~ ~ Loon Lake ~~ 114m ~ Core
BM-16 ~ Birch Mountain ~ 124m ~ Core
______
- The four new BH kims intrigue me the most.
- - - -
Re. PUG's/Don Sheldon's NR today, not a whole lot there at first glance, but there is some substance. Such as, the fact that 29 geophysical targets were drilled (finishing a month ago) for an apparent gross yield of 6 new kimberlite deposits, and that 97 new anomalies were surveyed in the completed winter program.
------
For review, here are some recent ACA NR excerpts:

Feb 10/99
Mr. John Auston reports..
"On Dec. 22, 1998 Ashton and its joint venturers announced that a reconnaissance program of $7.4-million will be undertaken during 1999 on the Alberta projects. This program began in January with ground geophysical surveys. Drill testing of selected anomalies will begin this week employing one coring rig and one reverse circulation rig. A second coring rig will be added later in the month. Dependent on progress, as many as 25 targets will be tested during the winter program in search of new kimberlites in addition to the 26 discovered to date.."

Mar.8/99
"Mr. John Auston reports..
Drilling commenced on Feb. 12 and to date five new kimberlites have
been discovered
, bringing the total to 31 since 1997. Initial drilling of the new discoveries has intersected variable thicknesses of kimberlite in pipe-like and bed-like formations. Additional drilling will be required to fully understand the geometry of these bodies. Following detailed logging, kimberlite samples will be dispatched to Ashton's laboratory for microdiamond analyses.."

Apr.15/99
"Mr. Donald Sheldon reports
A program of drilling of 29 geophysical targets was completed on March 18, and extensive ground geophysical survey work ended on March 30.
Drilling since February has discovered six new kimberlites, of which five were reported on March 8, 1999. At this time only one hole has been drilled on each of the new discoveries.
The latest discovery, BH230, brings to 32 the total number of kimberlites discovered by Ashton since exploration in Alberta commenced in late 1996. The new kimberlite was intersected under 39 metres of overburden and core drilling remained in kimberlite until the hole was terminated at a vertical depth of 150 metres.
All core from the 1999 discoveries has been dispatched to Ashton's North Vancouver laboratory and, following detailed logging, kimberlite samples will be processed by caustic fusion for microdiamond analysis.
Ground geophysical programs using a variety of equipment completed surveys on 97 anomalies during the winter program. The work has confirmed several high priority new anomalies which will require drilling. The scheduling of future drill programs on these new anomalies and any additional drilling on the recent discoveries will be determined after receipt of pending microdiamond results and after consideration of local access restrictions."
---------------

Just for readers to rehash!

Regards,
-j
:>
Ashton Canada's website: ashton.ca
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