Ashton Mining of Canada (TSE) is proceeding with a drilling program on its Cross property, in the southwestern region of the Northwest Territories’ Slave province.
Work carried out there in 1995 led to the definition of the Orion anomaly, the target of the current program. Orion is described as a classic dispersion fan. The 1996 field season will follow up several new targets identified from heavy mineral sampling and low-level geophysical surveys.
To date, Ashton has spent $1.6 million exploring the 43,500-acre property, resulting in the discovery of three kimberlites, two of which are diamondiferous.
Ashton is the operator of the joint-venture property and can earn a 51% interest in each kimberlite discovered by paying all costs up to, and including, a 20-tonne bulk sample.
By spending $1.5 million following the completion of a bulk sample, partner Pure Gold Resources (TSE) can increase its interest to 24%, leaving Tenajon Resources (VSE) with a 25% stake.
Be the first to comment on "Ashton begins drilling at Cross"