Kaiser says results are encouraging
Ashton Mining of Canada Inc ACA
Shares issued 23,798,122 Jun 1 close $3.25
Tue 2 Jun 98 In the News
John Kaiser, writing in the May 28 issue of his Bottom-Fish Tracker,
responds in an upbeat manner to ho-hum results published on the same day by
Ashton Mining. The market did not share his optimism. Ashton, which is
leading the hunt for Alberta diamonds at Buffalo Head craton, is in a
general price downtrend, and the results did little to reverse this. ACA
closed on May 28 at $3.35, off 10 cents on the day. The results came from
three new kimberlites located about 30 kilometres to the east of the K-91
and K-14 cluster, as well as additional result for the K-95 pipe in the
southern cluster. Mr. Kaiser says K-11, K-92 and K-10 are all
diamondiferous; K-95 yielded only one micro-diamond. Mr. Kaiser argues the
"hot" pipe is K-11, which has a large magnetic signature and was
intersected beneath an overburden of only 13 metres. Ever the Buffalo Head
optimist, Mr. Kaiser looks on the bright side of the results. "What is
important is that the new cluster is diamondiferous," he stresses. Mr.
Kaiser has rejoiced in Ashton since December 1996, when he tipped the stock
at 96 cents and has written more than 20 accounts of its diamondiferous
activities since then.
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