Vancouver — Ashton Mining of Canada (ACA-T), continuing to table encouraging results from Nunavut, has discovered yet another kimberlite — this time on the Kim property, some 500 km north of Yellowknife.
Dubbed Artemisia, the kimberlite was cut by drilling into the heart of a 140-by-150-metre area of previously identified kimberlite float. The vertical hole intersected kimberlite breccia close to surface and was terminated, still in kimberlite, at 169.2 metres.
Material from the body is being tested for microdiamonds. The results are expected in the fourth quarter of this year.
At the nearby Ric property, two angled holes tested the extension of the Perseus kimberlite. They were collared some 290 metres and 420 metres from the original discovery area. Both holes cut a 10-metre-thick kimberlite sill.
To date, the Perseus kimberlite has a consistent width of 10 metres. It dips approximately 19 to the north and is at least 470 metres in length. Ashton discovered it last year, when two drill holes (separated by 50 metres) cut a 10-metre-thick dyke.
The latest holes are being tested for microdiamonds.
Since last year, eight kimberlites have been identified in the North Slave craton region of Nunavut. Five of them are diamondiferous. Results are pending for the other three.
Ashton has an 87.3% stake in the Kim and Ric properties. The remaining 12.7% is held by Pure Gold Minerals (PUG-T).
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