Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla Message Board

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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla

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To: Rocket Red who wrote (553)	4/7/1998 9:57:00 AM
From: Famularo	Read Replies (1) of 822

Buffalo Hills JV block expected to host more pipes Pure Gold Minerals Inc PUG Shares issued 26,379,471 Apr 6 close $1.00 Tue 7 Apr 98 News Release Also Ashton Mining of Canada Inc (ACA) 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.

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