A fissure system of closely related kimberlite dykes and dykelets was intersected over narrow widths by two drill holes at the Roundrock property in the Snare Lake region of the Northwest Territories.
Ashton Mining of Canada (ACA-T) discovered the new kimberlite fissure system, which it terms the Aquila kimberlite, while drill-testing a high-priority target that had been defined by an intense indicator mineral dispersion fan. Related till samples had yielded two diamonds.
An interpretation of the indicator mineral data leads Ashton to believe the kimberlite fissure system may have considerable strike length, opening up the possibility of potential dyke enlargements and pipe associations.
Ashton intends to continue drilling on the Roundrock property with the objective of further delineating the Aquila kimberlite and collecting a sufficient sample for a preliminary microdiamond analysis.
A summer field program at the 229,000-acre property will concentrate on defining additional drill targets and undertake a detailed exploration of the fissure system.
Ashton can earn a 51% interest in the Roundrock property from partners Lytton Minerals (LTL-T) and Pure Gold Resources (PUG-T) by incurring exploration expenditures of $1 million by Aug. 15, 1997.
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