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Ashton Mining of Canada Inc.: 6,000 Carat Bulk Sample Program Now Underway in Quebec.

Publication: Business Wire
Publication Date: 06-FEB-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
VANCOUVER, British Columbia -- Ashton Mining of Canada Inc. ("Ashton" or the "Corporation") (TSX:ACA) is pleased to announce that Ashton and its 50:50 joint venture partner, SOQUEM INC. ("SOQUEM"), have commenced a bulk sample program designed to recover a parcel of at least 6,000 carats of diamonds from the Foxtrot property in north-central Quebec. The minimum 6,000 tonne bulk sample will be collected from four of the kimberlitic bodies in the Renard cluster. The joint venture plans to conduct a diamond valuation of the parcel during the first half of 2007 and use the results to complete a pre-feasibility study. As reported on April 26, 2005, the average modeled value of the initial parcel of 459 carats of Renard diamonds was US$88 per carat.

In addition to the 6,000 tonne bulk sample, the $24 million program approved by the joint venture includes an aggressive exploration program to discover new kimberlitic bodies on the Foxtrot property and to further evaluate the existing discoveries.

"The collection of a 6,000 carat parcel positions the Quebec project as one of the few...



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