SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: violetta martinez who wrote (4743)4/7/1998 9:20:00 AM
From: Jesse  Read Replies (1) of 7966
 
Buffalo Hills JV block expected to host more pipes

Ashton Mining of Canada Inc
ACA
Shares issued 23798122
1998-04-06 close $4
Tuesday Apr 7 1998
See Pure Gold Minerals Inc (PUG) News Release
Mr Donald Sheldon reports
In excess of 70 magnetic signatures have now been observed on the
original joint venture block totalling 1.45 million acres. The joint
venture has been provided with an interpretive mag anomaly map by the
operator Ashton Mining of Canada which reports in excess of 70
magnetic signatures. This land represents 6% of the total land held by
Pure Gold in the Buffalo Head Craton. Given the present success rate of
finding new kimberlite bodies experienced by the joint venture, the
original joint venture block alone is expected to host a number of new
kimberlite bodies. Out of the first 17 kimberlite bodies analysed to date,
14 were diamondiferous, four significant enough to mini-bulk sample
and two required increased tonnage sampling. Nine new pipes have been
identified in the winter drill program and are now being analyzed for
micro/macro diamond content.
The joint venture awaits the processing of the 40 tonnes of kimberlite
from K91 by Ashton at the North Vancouver laboratory. Results of the
microdiamond content of the first set of the newly discovered pipes are
expected in two weeks and the mini-bulk sample early in the third
quarter. The joint venture is flying airborne geophysical surveys on other
Buffalo Head Alberta properties and is hopeful that further anomalies
will be identified.
Rights to purchase 3,356,000 units of the company, priced at $1.00 per
unit, and consisting of one common share and one-half of one series D
warrant expire at 4:30 pm Eastern Time on April 9 1998. Each full
series D warrant will be transferable and exerciseable at $1.25 per
common share until October 9 1998.
(c) Copyright 1998 Canjex Publishing Ltd.
canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News