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

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To: Famularo who wrote (3571)1/20/1998 12:11:00 PM
From: Jesse  Read Replies (1) of 7966
 
Frank, you beat me to posting that! I was just reading the Canaccord report.
)
The Resource Indicator makes a couple good points. The 7 K14C holes weighed a total of 2.71tonnes-- this averages to about 39kg/hole, meaning ea. was about 20-30m in depth (based on previous core depth/weight averages). The last time Ashton drilled this phase, they had to stop at this same depth due to water inflow problems. This could mean we need some depth to get to the better stones. - -The K14A&B 9 core holes look to average out to about 45m in depth. Again, we may need to go deeper.

The larger stones are salient in these results -- as we learn more as to their incidence and quality, we can up the ante.

-j
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