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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: will kenyon who wrote (4411)3/13/1998 9:57:00 AM
From: LOOGAN  Read Replies (1) of 7966
 
Will, unfortunately you are a product of the old NWT promotional campaign. You stated that the micr/macro counts are low but you fail to realize that they are mostly IRRELEVANT at this stage other than determining if any stones of economic quality or size are present Ashton has shown us this already! John Kaiser does a very good job of explaining why in his latest bottom fishing report (40+ pages worth). For example, Mountain province origionally claimed to have over 4cpt but when Monoprose took over they determined that 1.3 cpt would be more accurate, HOWEVER, Monoprose also determined that the rock value was double that of MPV's earliers assesment.(notice how the cpt figure did not negatively affect the value of the rock per ton. Resorption, which has been acknowledged by Ashton, causes MICRO/MACRO to appear a lot smaller in the smaller samples. Grade will most probably increase with a larger sample being processed. I would explain how this works but it would be several pages long. Also remember the yellow stones that Ashton have acknowledged to have been found in the K14 complex. This may greatly influence the value of the rock. In essence I am trying to say that I feel the results to date (although they appear low) are comparable to the best results seen in the NWT. It is my impression that we are well on our way to having an economic mine found in one of the first 10 anomolies. With over 100 targets left to explore, Will don't you think we have an extrordinary chance at several economic deposits? Don't forget that diamond exploration is not like Gold and thus will take a lot longer to reach our ultimate goal...........
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