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

To: violetta martinez who wrote (7475)	2/17/2000 6:47:00 PM
From: Famularo	Respond to of 7966

Toronto Stock Exchange Trading Symbol: ACA 00-02 February 17, 2000 For Immediate Release ASHTON COMMENCES WINTER PROGRAM IN THE NORTHWEST TERRITORIES John S. Auston, President and CEO of Ashton Mining of Canada Inc. ("Ashton") reports that a winter program of geophysics and drilling has commenced on the Cross, Star and Roundrock properties in the Northwest Territories. Ground geophysics consisting of magnetic and electromagnetic surveys will be conducted on previously identified anomalies with drilling on high priority targets to follow in late March. Cross Property The 17,600 hectare Cross property is located approximately 200 kilometers southwest of the Ekati Mine. Between 1994 and 1996 Ashton discovered the diamondiferous Cross, Ursa and Orion kimberlites on the property. Indicator minerals with fresh abrasion characteristics were recovered from heavy mineral samples collected just down-ice of five lakes. Airborne geophysical anomalies coincident with indicator mineral fans have been detected over three of these lakes. Ground geophysical surveys will be completed over all five lakes. Ashton (ACA-TSE) has an option to earn a 50 percent interest in any given kimberlite discovery from Pure Gold Minerals Inc. (PUG-TSE) and Tenajon Resources Corp. (TJS-CDNX) by sole-funding all programs until it collects at least 20 tonnes of material from each such discovery. Star Property The 7,200 hectare Star property is located approximately 180 kilometers southwest of the Ekati Mine and adjoins the Cross property which lies immediately to the south. Heavy mineral sampling on the property has defined an indicator mineral fan that originates from the junction of three small lakes. A ground geophysical survey over an area of one square kilometer is currently in progress. The joint venturers on the Star property are Ashton 56 percent, Pure Gold Minerals Inc. 24 percent, and Tenajon Resources Corp. 20 percent. All partners have confirmed their participation in the winter program. Roundrock Property The 19,400 hectare Roundrock property is located approximately 130 kilometers west of the Ekati Mine. The diamondiferous Aquila kimberlite was discovered on the property in 1996. Many unexplained indicator mineral anomalies are present, some with coincident airborne geophysical anomalies. Four large areas are scheduled for ground geophysical surveys. The joint venturers on the Roundrock property and their approximate current interests are Ashton 53.13 percent, Tahera Corporation (TAH-TSE) 24.50 percent, Pure Gold Minerals Inc. 12.25 percent, Paramount Ventures and Finance Inc. (PVF-CDNX) 8.29 percent and Silverarrow Explorations Inc. (SVI-CDNX) 1.83 percent. Paramount and Silverarrow have confirmed participation in the winter program while Pure Gold and Tahera have elected to dilute their respective interests. All exploration programs are operated by Ashton and under the direction of Brooke Clements, Professional Geologist, who is Ashton's Vice President of Exploration.