Vancouver — Ashton Mining of Canada (ACA-T) and its joint-venture partners, Northern Empire Minerals (NEM-V) and Caledonia Mining (CAL-T), has resumed drilling on the Kikerk Lake joint-venture property in the Coronation Gulf district of Nunavut.
The program will determine the size of the diamond bearing Stellaria kimberlite, as well as testing a 2-km long magnetic geophyscal anomaly. Earlier this yeart, a 105.4-kg core sample of the Stellaria kimberlite returned 66 microdiamonds and 13 macros, including a single stone exceeding 0.5 mm in two dimensions. (A macro exceeds 0.5 mm in one dimension.) The largest stone measures 0.8 by 0.6 by 0.4 mm.
Stellaria is 700 metres east of the diamondiferous Potentilla kimberlite, which was discovered last fall. A 207.8-kg aggregate drill sample of two distinct kimberlite facies carried 230 micros and 22 macros. A 5.5-tonne mini-bulk drill sample of Potentilla was collected this spring to test the potential for larger commercial size stones. Results are expected in early September.
Kikerk Lake is held 52% by Ashton, 30% by Northern Empire and 17.5% by Caledonia. Ashton can increase its interest to 59.5% by carrying Caledonia through to completion of a feasibility study. Northern Empire retains its 30% participating interest.
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