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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT

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To: Buckey who wrote (146)	1/20/1998 8:29:00 AM
From: Mr Metals	Read Replies (1) of 930

Ashton Mining of Canada Inc - Globe says shares slide after release of results Ashton Mining of Canada Inc ACAShares issued 208363991998-01-19 close $5.6Tuesday Jan 20 1998Also Pure Gold Minerals Inc (PUG) The Globe and Mail reports in its Tuesday, January 20, edition that shares of Ashton Mining of Canada and Pure Gold Minerals fell yesterday following the release of more results of mini-bulk sampling from their Buffalo Hills project in Alberta. The Globe's Scott Adams writes that the stocks are known to be volatile around the time when sampling results are released. Wendel Zerb, an analyst with Pacific International Securities, called the latest results "very interesting but not fabulous." He said the stock often trades up on rumours and drops when news is released. Ashton Canada fell $0.75 to $5.55 on the TSE yesterday, while Pure Gold lost $0.14 to close at $1.25. The companies are in the midst of early mini-bulk testing at Buffalo Hills and are now deciding where to do second stage mini bulk sampling, said John Auston, Ashton Canada president and CEO. This second stage mini-bulk sampling will continue through the rest of the year, he said. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

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