Globex, partners focus on Quebec Ashton gains ground in NWT

Three junior companies — Aurogin Resources (AUQ-V), Globex Mining Enterprises (GMX-T) and Sparton Resources (SPTN-V) — have acquired 32,000 ha of ground in the Wemindji area of northwestern Quebec.

The land package is considered prospective for kimberlite targets, based on the results of airborne magnetic surveys. More than 75 target areas were staked within a region considered to be geologically and structurally favourable for the discovery of diamonds.

Vancouver-based Ashton Mining of Canada (aca-t) has entered into an option agreement to earn a 75% interest in 41 mineral claims covering 410 sq. km, near Thonokied Lake in the Northwest Territories.

Ashton is required to spend $1.2 million on exploration and make three additional cash payments totalling $150,000 by April 30, 2004. In addition, the company will pay $500,000 upon collection of the first 100-tonne bulk sample.

The property is 60 km southeast of the Ekati diamond mine.

Ashton is planning a summer program of heavy mineral sampling.