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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Famularo who wrote (2873)11/17/1997 6:18:00 PM
From: Jesse   of 7966
 
Hiya Frank! Thanx for your words, as always. -I believe we are expecting some minibulk results (K14B ?), possibly even this week. Results should hopefully be in line with what we've seen (tho any good surprises would be bonus). These are tough markets for explor.juniors, but ACA has been holding up nicely, and I think that if we see confirmatory results, it should at least keep her propped (although really it should send her up since each one is a step towards a mine!). Poorer showings may cause some weakness, but I wouldn't think drastic, given the already proven potential here (be aware that tax-loss selling season is upon us).

Regarding Montello, they are due to drill their first target (SE of ACA's drilling) in a couple weeks, being the first next company to drill in the BH craton for diamonds. It seems like this time the schedule's a go for MEO. I don't believe there is a whole lot of doubt that they will strike kimberlite, given the target anomaly's congruence to Ashton's (imHo). Whether it's diamondiferous is the next question. -Their drilling should stir things up in the area. Further, Hinton Alberta has also now gotten active again for TYR, MEO & NCS... (since they've just now acquired geophysical data from a private oil co. & begun exploration -- NCS the operator there).

The new year should bring in much more activity. While we're still a long way from a mine, I think more and more we are realizing Ashton's real progress to the more positive side of the odds.

Regards,
-J
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