Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (43)	7/16/2002 7:35:11 PM
From: Famularo	Read Replies (1) \| Respond to of 16206

Chuck, a fact sheet from a company u like. Also, one of my top picks..... debeerscanada.com

To: Chas. who wrote (43)	7/17/2002 9:16:34 AM
From: Famularo	Read Replies (1) \| Respond to of 16206

Ashton Mining of Canada Inc.: Stellaria Kimberlite Confirmed Diamondiferous VANCOUVER, BRITISH COLUMBIA--Robert T. Boyd, President and CEO of Ashton Mining of Canada Inc. ("Ashton"), is pleased to report microdiamond results for the Stellaria kimberlite on the Kikerk Lake property in the Coronation Gulf region of Nunavut, and to announce the summer exploration program for the property. Stellaria Kimberlite The Stellaria kimberlite is situated approximately 700 m east of the Potentilla kimberlite. As reported on May 21, 2002, the vertical discovery hole was drilled into a geophysical anomaly having approximate surface dimensions of 160 m x 50 m. This anomaly is oriented along a geophysically defined linear feature with an approximate strike length of 2 km. After passing through 20 m of glacial overburden and 35 m of dolomitic limestone, the drill intersected approximately 39 m of hypabyssal kimberlite. Drill core was processed by caustic dissolution at Ashton's North Vancouver laboratory and returned the following numbers of diamonds: /T/ Sample Weight Numbers of Diamonds (kg) ------------------------------------------------------------------- Micro Macro 0.1-0.5 mm greater than or (in two dimensions) equal to 0.5 mm (in one dimension) ------------------------------------------------------------------- 105.4 66 13 (Note 1) ------------------------------------------------------------------- /T/ Notes 1. One of the macrodiamonds is greater than 0.5 mm in two dimensions and measures 0.8 x 0.6 x 0.4 mm. Summer 2002 Exploration Program Ashton is encouraged by the confirmation of a second diamondiferous kimberlite on the Kikerk Lake property. The summer exploration program, scheduled to commence in late July, will include further prospecting and additional detailed heavy mineral sampling. The objective of this portion of the program is to investigate a number of unexplained indicator mineral anomalies near the Potentilla and Stellaria kimberlites. A prominent indicator mineral dispersion anomaly has already been identified 700 metres southwest of Potentilla. Heavy mineral samples will also be collected to investigate subtle indicator mineral anomalies as well as priority geophysical anomalies identified by an airborne survey conducted earlier in the year. The 2002 summer exploration program will also include drilling of the Stellaria kimberlite itself as well as drilling along the defined linear feature associated with Stellaria. The goal of this work is to better define the size and orientation of the kimberlite body, and to determine whether it may be a structurally controlled dyke. As reported on May 21, 2002, a 5.5 tonne mini-bulk sample was collected from Potentilla as part of the winter 2002 field program and is currently being processed through Ashton's dense media separation plant in North Vancouver. Completion of analysis is expected before the end of August. Ashton holds a 52.5 percent interest in the Kikerk Lake property. Caledonia Mining Corporation ("Caledonia") and Northern Empire Minerals Ltd. ("Northern Empire") hold a 17.5 percent and a 30 percent interest respectively. Ashton retains the right to increase its interest to 59.5 percent by carrying Caledonia up to the completion of a feasibility study. Northern Empire is participating in the current program. Ashton is the operator of the programs on the Kikerk Lake property and Brooke Clements, Professional Geologist and Ashton's Vice President, Exploration, is responsible for their design and conduct and the verification and quality assurance of analytical