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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: ddl who wrote (2603)10/3/1997 3:14:00 PM
From: Jesse   of 7966
 
Hiya, Denis. The news was the FP article as linked in an earlier thread.
I'll post it here:

Post says drill results confuse investors

Ashton Mining of Canada Inc
ACA
Shares issued 20836399
1997-10-01 close $6.2
Friday Oct 3 1997
The Financial Post reports in its Friday, October 3, edition that Ashton Mining
said yesterday it will gather a mini-bulk sample from an Alberta kimberlite,
K-14C, where drilling has produced "very encouraging" results. The Post's John
Schreiner writes that the market reaction to the news was negative. David James,
analyst with Canaccord Capital blamed the negative sentiment to some confusion
by investors in interpreting the results. A previously reported drill hole into K-14C
recovered 58 microdiamonds and three macrodiamonds from a 43kg sample. But
it also had a high count for diamond fragments, believed caused by the crushing
action of the drill being used. However, a *second hole from K-14C recovered 94
microdiamonds one macrodiamond and no fragments from a 45.6kg sample.
Ashton will now deploy two core drills on 14C to gather an additional sample.
This drill is not expected to crush so many crystals.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
_________________________________________
*Note that it's actually 2 samples from the same hole.
- - - -
I wonder how the inflow/crushing affected any accuracy that depth
reports may have yielded on the core, & ergo, ACA omitted the
potentially spurious data.
Comments?

FFT,
-J
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