Kaiser praises Ashton's Artemisia pipe results
Ashton Mining of Canada Inc ACA
Shares issued 36,238,668 Nov 2 close $1.29
Fri 2 Nov 2001 In the News
John Kaiser, writing in a Nov. 1 Bottom-Fish Tracker, is upbeat about Ashton Mining of Canada's Artemisia pipe microdiamond results on its Kim property in Nunavut. Mr. Kaiser recommended Ashton, now $1.15, in December, 1999, at 53 cents; he also made four earlier buy tips ranging from $1.15 in April, 1996, to 50 cents in October, 1999. A 103.2-kilogram sample yielded 367 square mesh microdiamonds in the 0.1-0.5-millimetre range, 12 in the 0.5-1.0 mm square mesh range, and one microdiamond greater than one mm. The three biggest stones had dimensions of 1.23 by 1.15 by 1.10 mm, 1.13 by 0.80 by 0.68 mm, and 0.94 by 0.92 by 0.8 mm, which Mr. Kaiser calls very respectable given the size of the sample. While cautioning that the small bulk-sample size may skew the results, he contends that at face value these results are superior to those obtained for Tahera's Anuri pipe from a 656-kg sample. Further, the preliminary stone-size distribution curve starts to approach the curves for the Kennady Lake pipes (Tuzo, 5034 and Hearne), which have grades in the 1.5-2.5 ct/t range. Combined with its Otish Mountain play, he says Ashton is the best buy among Canadian diamond juniors. |
