ASHTON MINING OF CANADA (ACA) Message Board

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

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To: Famularo who wrote (5797)	7/27/1998 10:15:00 AM
From: Jesse	Read Replies (2) of 7966

Well we've had 2 versions of the PUG/ACA release today. The 2nd says: "This completes microdiamond analyses of all 23 of the Buffalo Hills kimberlites discovered in the past 18 months. Sixteen of these have been determined to be diamondiferous and four with higher microdiamond counts have been mini-bulk sampled (K-14, K-5, K-6 and K-91). The widespread occurrence of diamonds confirms the broad prospectivity of this extensive new kimberlite province, where much investigation remains to be carried out." We can still look forward to more minibulking from at least one of the newer kims, I'm sure (eg, K-11). Also, we can expect K91 results this week: "Kimberlite K-91 Results from the analysis of a mini-bulk sample from kimberlite K-91 are nearing completion and are expected by the end of July." They're back out there: "Field Programs Many aeromagnetic anomalies with possible kimberlite signatures remain to be investigated on the ground. Geophysical crews have begun surveys and will continue through the summer and fall months to define targets to be drilled under winter conditions. Mineral indicator sampling is also under way over wide areas." = = = = = = The 1st (and now 2nd) release indicates we likely now have kims (it appears) on the PUG 49% lands: "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... 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." -(and poss. on the 100% Edmonton claims too): "...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." PUG sure is priced cheaply! Cheers, -j :>

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