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

To: Mick who wrote (7388)	9/21/1999 9:45:00 AM
From: jerry janko	Read Replies (1) \| Respond to of 7966

Ashton Mining receives NWT mineral sampling results Ashton Mining of Canada Inc ACA Shares issued 29,230,665 Sep 20 close $0.50 Tue 21 Sept 99 News Release Also Tenajon Resources Corp (TJS) Also Silverarrow Explorations Inc (SVI) Also Paramount Ventures & Finance Inc (PVF) Also Pure Gold Minerals Inc (PUG) Also Tahera Corp (TAH) Mr. John Auston reports Ashton Mining of Canada Inc. has completed its results from the 1999 summer program in the Northwest Territories. The program consisted of heavy mineral sampling and field investigation of geophysical anomalies on five properties: Star, Roundrock, Cross, SYL, and Barry/GM. Initial results from this program suggest that further work be carried out on the Star and Roundrock properties in early 2000. Results from the rest of the properties are still pending. All exploration programs are operated by Ashton and under the direction of Brooke Clements, certified professional geologist, Ashton's recently appointed vice-president of exploration. Star property The Star property is approximately 180 kilometres southwest of the Ekati mine and is 7,200 hectares in size. Recent sampling has confirmed that a previously defined indicator mineral fan clearly originates from the junction of three lakes and may indicate a new kimberlite. A ground geophysical survey will be conducted over the lakes this winter with drilling to follow. The indicator minerals on the Star property are of similar composition to those recovered on the Cross property approximately 10 kilometres south, where the diamondiferous Orion, Ursa and Cross kimberlites were discovered by Ashton between 1994 and 1996. The joint venturers on the Star property are Ashton, Pure Gold Minerals Inc. and Tenajon Resources Corporation. Pending confirmation of program financing by its joint venture partners, Ashton's interest is 56 per cent. Roundrock property The Roundrock property is 130 kilometres west of the Ekati mine and is 19,400 hectares in size. Abundant indicator ininerals are present in numerous discrete fans in the area where the diamondiferous Aquila kimberlite dykes were discovered in 1996. The abundance of indicator minerals present in the area is too difficult to explain on the basis of the Aquila dyke system alone. Winter 2000 work will focus in this area and will consist of ground geophysical surveys followed by the drilling of favourable targets. The joint venturers on the Roundrock property are Ashton Mining of Canada Inc., Tahera Corporation, Pure Gold Minerals Inc., Paramount Ventures and Finance Incorporated and Silverarrow Exploration Inc. Pending confirmation of program financing by the partners, Ashton's interest is 51 per cent. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com