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

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To: Famularo who wrote (7301)4/28/1999 3:26:00 PM
From: Jesse  Read Replies (3) of 7966
 
Good Questions, Frank. And thanks so much for the offer, LarryM., if'n ya do make it to the Ashton meeting. :^)

FrankF. and all, for review, excerpts from PUG's BHH project update released April 15/99:
[some interesting revelations, incl. FFF's point re. 1 hole/ target]
pugres.com
"..A program of drilling of 29 geophysical targets was completed on March 18, and extensive ground geophysical survey work ended on March 30.
Drilling since February has discovered six new kimberlites, of which five were reported on March 8, 1999. At this time only one hole has been drilled on each of the new discoveries.
The latest discovery, BH230, brings to 32 the total number of kimberlites discovered by Ashton since exploration in Alberta commenced in late 1996. The new kimberlite was intersected under 39 metres of overburden and core drilling remained in kimberlite until the hole was terminated at a vertical depth of 150 metres. All core from the 1999 discoveries has been dispatched to Ashton's North Vancouver laboratory and, following detailed logging, kimberlite samples will be processed by caustic fusion for microdiamond analysis.
Ground geophysical programs using a variety of equipment completed
surveys on 97 anomalies during the winter program.
The work has confirmed several high priority new anomalies which will require drilling. The scheduling of future drill programs on these new anomalies and any additional drilling on the recent discoveries will be determined after receipt of pending microdiamond results and after consideration of local access restrictions."

ATB,
-j
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