ASHTON MINING OF CANADA (ACA) Message Board

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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: junnie who wrote (5235)	5/28/1998 9:21:00 AM
From: R L	of 7966

Microdiamond results from new kimberlite cluster in Alberta Ashton Mining of Canada Inc ACA Shares issued 23,798,122 May 27 close $3.45 Thu 28 May 98 News Release Also Pure Gold Minerals Inc (PUG) Also Alberta Energy Company Ltd (AEC) Mr. John Auston reports Further results of microdiamond analyses of samples from kimberlites discovered by the winter program of reverse circulation drilling on the Buffalo Hills project in north-central Alberta have been received. Sample No. of Diamonds Labor- Weight less than greater than atory (kg) 0.5mm 0.5mm ------ ------ --------- ------------ Kimberlite K11 AMC 50.7 55 7 AMC 41.4 17 5 AML 47.0 17 0 AML 50.4 17 2 189.5 106 14 (1) Kimberlite K92 AMC 38.9 2 1 AML 51.0 0 0 89.9 2 1 Kimberlite K10 AMC 42.3 4 0 AML 56.8 0 0 99.1 4 0 Kimberlite K95 AMC 34.2 0 0 AMC 28.5 0 0 AML 55.6 1 0 118.3 1 0 (1) Largest stones: 1.1 x 1.2 x 0.8mm 1.7 x 1.5 x 1.0mm 1.3 x 1.1 x 0.8 Laboratories: AMC - Ashton Mining of Canada, North Vancouver AML - Ashton Mining Ltd, Perth, Australia Kimberlites K-11, K-92 and K-10 are in a cluster centred approximately 30 kilometres east of K-14. The recent analyses tabulated above indicate that all are diamondiferous, with K-11 returning a higher count of particular interest. K-11 is indicated by a magnetic anomaly measuring approximately 500 metres by 250 metres, and was discovered in a vertical reverse circulation hole which penetrated 13.4 metres of overburden. Further work will be planned to follow-up these encouraging results from this new diamondiferous cluster in the Buffalo Hills area. The negative results from K-95 follow those reported on April 29, 1998 and confirm the apparent lesser prospectivity of this pipe in the southern cluster. The joint venturers on the central Buffalo Hills project are Ashton Mining of Canada (42.5 per cent), Alberta Energy Company (42.5 per cent) and Pure Gold Minerals (15 per cent). Ashton is operator of the programs. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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