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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: MrsNose who wrote (5796)7/27/1998 9:16:00 AM
From: Famularo  Read Replies (3) of 7966
 
Don's release is incomplete.. Here is the complete release

Potential for kimberlite target on Cayo lands

Ashton Mining of Canada Inc ACA
Shares issued 23,798,122 Jul 24 close $2.80
Mon 27 Jul 98 News Release
See Pure Gold Minerals Inc (PUG) News Release
Mr. Donald Sheldon reports
A preliminary assessment of the airborne survey data from the Lesser Slave
Block in the southern part of the Buffalo Head craton has confirmed a
number of magnetic anomalies which require initial ground exploration to
identify potential kimberlite bodies. Field crews were mobilized to the
Alberta camp in late June to commence a till sampling program on the Cayo
Lands, owned 49 per cent by Pure Gold. Broad reconnaissance sampling is
being conducted over this extensive area as a first-pass program to
complement the airborne geophysical surveys completed to date.
The company has interpreted that initial processing by Ashton in the North
Vancouver laboratory of the first group of till samples collected in June
from the Lesser Slave Block confirm that the samples of indicator minerals
observed have been derived from a kimberlitic body.
The Lesser Slave Block is approximately 80 kilometres north of the
company's 100 per cent owned Edmonton block where a recent till sampling
program yielded an unusually high kimberlite indicator mineral count. As
previously reported in Stockwatch July 6, 1998, sample RNR recovered 102
pyropes, 9 chrome diopsides and 231 chromites from a 70 kg sample. This was
processed and interpreted by Canamera Geological Laboratory.
KIMBERLITE K91
Results from the analysis by dense media separation of a mini-bulk sample
from kimberlite K91 are nearing completion and are expected by the month
end.
NORTHWEST TERRITORIES
The summer field program is under way on the Roundrock claims, on the large
RIC and ROC claim blocks to the northwest of Lupin and elsewhere in the
Slave region. The joint venture has budgeted a total of $730,000 on the
Slave Regional area, $200,000 on the Roundrock as well as additional
exploration on the Cross and SYL claims. A total of approximately 900
samples will be taken for mineral indicator analysis in search of new
kimberlites. Pure Gold has a 24 per cent interest in the above properties
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