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 : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: Sal Pugliese who wrote (5909)	8/5/1998 9:20:00 AM
From: Famularo	Read Replies (1) \| Respond to 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.