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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: FRANK KENDRICK who wrote (7378)	9/2/1999 4:51:00 PM
From: Famularo	Respond to of 7966

Yukkkesss, not good I see,,, Not sure what the folks are doing. Obviously, not enough for the market and shareholders. They obviously don't care as they have money in the cash bank acct. Rumour is they still have over 5mil in cash. For now, I am enjoying NTCT on Nasdaq, DMC in Toronto and SCS-V to start rolling soon. Will let u know if I ever hear more about there progress. The interesting thing about this exploration company is that they think shareholders should be happy with their success. LOL.... Success is measured by share value and company results. Unless, Ashton knows more than what the market knows, this should now be treated like another penny stock. Good diamond stocks right now are Abz, Suf, Mpv and WSp. In that order. With the experience Ashton has, Ashton should be embarrassed with the millions they spent and no success story as of yet. What puzzles me is that they still have plans to explore in Alberta. Why? Isn't NWT a better bet? They are either real ignorant or they have Buffalo Hills results/exploration information we don't know about. regards Fast Frank

To: FRANK KENDRICK who wrote (7378)	9/8/1999 3:57:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

Hiya FrankK! I'll offer a synopsis here as to what I've recently heard from Ashton; also an excerpt from their last 1/4'ly report (linked later): ===================== - Exploration programs currently in progress in various regions: NWT/ Nunavut, Quebec, and Alberta. -Budget for the year in AB is >$7 million -Budget for up north is >$1 million. - Summer work generally consists of intense sampling and geophysical work in preparation for drilling in the winter. - 100's (hundreds) of till samples are arriving at ACA's lab for analysis-- results there shortly, and once some results are analyzed, they can begin getting out some news - Drilling this winter in Alberta, and NWT/Nunavut (1st time in a few years). - Ashton will be at the Calgary Investment Conference in October- [See this link re. conference]: cambridgeconferences.com ===================== Lastly, Ashton Canada has released it's latest quaterly report (for 6 months ending June 30/99): ashton.ca -- from that report (prez. John Auston): " PRESIDENT'S MESSAGE I am pleased to report that the summer field season is well underway, with active programs currently in Alberta, the Northwest Territories, Nunavut and Quebec. ALBERTA Ground geophysical surveys and heavy mineral sampling are in progress on the Buffalo Hills- JV Lands properties (5.5 million acres) and on the Cayo Lands (21 million acres), both in north-central Alberta. Results from these activities will be used to define targets for drilling in the coming winter season. Analysis of the drilling last winter was completed in mid-July. Two of the kimberlites discovered returned microdiamond analyses of interest, and will warrant further examination. NORTHWEST TERRITORIES & NUNAVUT Heavy mineral sampling and ground geophysical surveys are being undertaken on portions of Ashton's holdings of more than 500,000 acres of mineral claims on the Slave craton. In some instances, these surveys constitute more detailed examination of mineral indicator trains detected earlier which may reflect undiscovered kimberlites. Results will be used to define drill targets for the coming winter. QUEBEC Further reconnaissance heavy mineral sampling is continuing on a broad area of the Canadian Shield in northern Quebec. FINANCIAL RESULTS Working capital at June 30, 1999 was $7.0 million, with approximately $4.0 million of expenditures planned on current projects for the remainder of the year. Exploration expenditures in the first half of the year were $2.3 million (1998 - $2.9 million) with corporate costs net of investment income at $578,000 (1998 - $465,000). Write-offs of deferred exploration costs in the six months ended June 30, 1999 amounted to $287,000 (1998 - $1.35 million) and reflected mineral claims or leases in the Northwest Territories, Nunavut and the Great Lakes area which were allowed to lapse. Ashton will require further funds in the year 2000, and accordingly, we will be considering re-financing alternatives over the next few months. " ... Cheers! -j :>