A total of 1.3 tonnes of drill core was recovered by Ashton Mining of Canada (TSE) from the Orion kimberlite at the Cross property in the Northwest Territories.
The material will undergo separate micro and macrodiamond processing.
Meanwhile, the drill testing of the Winnie anomaly failed to intersect any kimberlite.
Ashton can earn a 51% interest in each kimberlite discovered on the Cross property from partners Tenajon Resources (VSE) and Pure Gold Resources (TSE) by paying for all costs up to, and including, a 20-tonne bulk sample. Pure Gold can then elect to increase its interest from 15% to 24% by spending $1.5 million on exploration, leaving Tenajon with a 25% share.
In a separate deal, Echo Bay Mines (TSE) has agreed in principal to allow Ashton to carry out joint diamond exploration on its mining leases in the area of the Lupin gold mine, also in the Northwest Territories.
Be the first to comment on "Ashton to process Orion material"