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

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To: ed Fedun who wrote (87)2/4/1997 4:36:00 PM
From: Jimsy   of 7966
 
Ashton trades 487,916 shares up $0.39 or 22.29% on the day to close at $2.14. It is my understanding from the maps I have seen that the glacial ice flow was from north to south, so all we can say is that the diamonds found earlier further to the south on the Montello/NewClaymore/Troymin properties may have come from one of the targets in the area on anybodies property (but not likely from the NWT!).

5 out 5 is a pretty promising number to find kimberlite from the airborne. Even with indicator mineral trains in the NWT, I don't think the batting average was that good. However, if the remaining targets can be found as easily by drilling down through the glacial overburden, this initial exploration program should move quickly and not cost too much so that many many targets can be drilled into to see whats there.

Should be interesting. Stockwatch chart looks good.
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