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

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To: Chris who wrote (7666)9/11/2000 8:36:11 AM
From: Famularo   of 7966
 
Ashton Mining of Canada Inc ACA
Shares issued 29,249,415 2000-09-08 close $0.76
Monday Sep 11 2000 News Release
See Pure Gold Minerals Inc (PUG) News Release
Mr. Donald Sheldon reports
Further drilling of kimberlite K252 has commenced on the Buffalo Hills property in north-central Alberta. A minimum of three tonnes of kimberlite will be recovered from four to six core holes. The objectives of the program are to more accurately delineate the size and shape of the kimberlite and to determine if commercial-size diamonds are present. The material will be tested for macrodiamonds using Ashton's dense media separation plant in North Vancouver.
Microdiamond results previously reported position K252 among the best kimberlites discovered by the Alberta joint venture to date. Earlier testing of 107.1 kilograms of kimberlite returned a total of 135 microdiamonds and eight macrodiamonds. Two of the macrodiamonds measure greater than one millimetre in at least two dimensions. K252 has two distinct phases, a fine- to medium-grained volcaniclastic kimberlite and a kimberlite breccia which has a slightly higher microdiamond content.
Coincident with the drilling of K252, summer ground geophysics and heavy mineral sampling programs are nearing completion on the Buffalo Hills property. The ground geophysical results will be used to identify drill targets for 2000 or early 2001. The detailed heavy mineral sampling program is being conducted to explain highly anomalous till samples that do not seem to be related to known kimberlite occurrences.
The joint venturers on the Buffalo Hills property and their approximate interests are Pure Gold (10.6 per cent), Ashton Mining of Canada Inc. (44.7 per cent) and Alberta Energy Company Ltd. (44.7 per cent), each of whom is contributing to the K252 drilling program.
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