Here is a news release from ACA today.....they have showed some poor results from these compared to what FALC has. We have a lot more Kimbies with proven diamonds etc but yet they trade at over $2 and we trade at 27cents? I know that you have to look at cash position, float size etc, but there is no way we should be trading this low. I hope they secure financing and get this thing going, as well as get a director behind the reigns who knows how to run the show! Is it just me or by does FALC not have a much better chance at proving a mine compared to ACA?? If the tracers were any indication then our results would be around 5 times higher? They were promising to begin with but when I look at ACA and compare there results to ours, this price is a joke. I hope that mgt gets their s@!$T together or gets (has) someone to show them how to run the company properly!
Ashton Mining of Canada Inc
ACA
Shares issued 23,798,122
1998-07-24 close $2.8
Monday Jul 27 1998
See Pure Gold Minerals Inc (PUG) News Release
Mr. John Auston of Ashton Mining reports Ashton Mining reports results of analyses from the Buffalo Hills project in north-central Alberta and the progress of summer field programs in Alberta, the Northwest Territories and Quebec. Alberta Microdiamond Analyses Samples from the final three of the nine kimberlites discovered last winter have now been analyzed in the North Vancouver and Perth laboratories. Each sample is from a vertical reverse circulation hole on targets in the eastern portion of the area. The results returned only one microdiamond from kimberlite K-32, while kimberlites K-93 and K-15 showed no microdiamonds. No further field work is planned at this time on these three kimberlites. 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. 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. 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 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. 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 the Lupin mine and elsewhere in the Slave region. A total of about 900 samples will be taken for mineral indicator analysis in search of new kimberlites. Quebec Field sampling has begun again with a program of wide reconnaissance in northern Quebec. Mr. Donald Sheldon of Pure Gold 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 K-91 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 takenfor mineral indicator analysis in search of new kimberlites. Pure Gold has a 24 per cent interest in the above properties. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
