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

To: FRANK KENDRICK who wrote (7555)	3/22/2000 11:17:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

No, I haven't read re MEO on Bullboards, will check it later. cheers.

To: FRANK KENDRICK who wrote (7555)	3/23/2000 9:17:00 AM
From: Famularo	Respond to of 7966

Pure Gold discovers third kimberlite in Alberta Ashton Mining of Canada Inc ACA Shares issued 29,249,415 Mar 22 close $1.23 Thu 23 Mar 2000 News Release See Pure Gold Minerals Inc (PUG) News Release Mr. Donald Sheldon reports The company reports the discovery of one new kimberlite in Alberta and summarizes the Alberta winter 2000 drill program. The K252 kimberlite was discovered by drilling on the Buffalo Hills property during March, bringing to 35 the total number found by the joint venture to date. K252 is covered by 67 metres of overburden and located one kilometre northwest of the diamondiferous K6 kimberlite. The two distinct phases present in K252 are a fine- to medium-grained volcaniclastic kimberlite, and a kimberlite breccia. Elsewhere, approximately 4.1 metres of kimberlite beds interbedded with shale were intersected at anomaly 251, which is located 500 metres west of the K4 kimberlite. These beds may be related to the K4 eruption event. During the Alberta winter program now completed: Three new kimberlites were discovered on the Buffalo Hills property: K8, K160 and K252. Microdiamond testing of samples from these kimberlites will be carried out at Ashton's laboratory in North Vancouver during the second quarter. In the K14 project area, approximately one tonne of drill core was collected from diamondiferous kimberlite BH225 discovered February, 1999, and will be processed at Ashton's dense media separation plant. An iron-rich rock intersected at anomaly CM1 on the Caribou Mountains property, and reported on March 3, 2000, has been determined to be sedimentary in origin with no kimberlitic affinities. On Rabbit Lake property, one magnetic anomaly was determined to be caused by magnetite in the sedimentary bedrock. On the Cadotte Lake option property, drilling on one anomaly revealed the source to be magnetic overburden. This property is 90 kilometres southwest of the K14 kimberlite and consists of two mineral permits totalling 5,120 hectares. In March an option agreement was entered into with Horseshoe Gold Mining Inc., Ridgeway Petroleum Corp. and Pure Gold Minerals Inc., whereby Ashton and Pure Gold have the right to acquire up to an 80-per-cent interest in the property by spending $1,075,000 on exploration. The joint venturers on the Buffalo Hills, Caribou Mountains and Rabbit Lake properties and in the K14 project area are Ashton (ACA.TSE), Alberta Energy Company Ltd. (AEC.TSE) and Pure Gold Minerals Inc. (PUG.TSE). Currently, Pure Gold's interests in these properties are approximately 10.6 per cent (Buffalo Hills and Rabbit Lake), 30 per cent (Caribou Mountains) and 14.6 per cent (K14 project area). All exploration programs are operated by Ashton under the direction of Brooke Clements, professional geologist, who is Ashton's vice-president, exploration.

To: FRANK KENDRICK who wrote (7555)	3/25/2000 2:32:00 PM
From: Famularo	Respond to of 7966

Kaiser says Ashton's run shows market still cares Ashton Mining of Canada Inc ACA Shares issued 29,249,415 Mar 24 close $0.95 Fri 24 Mar 2000 In the News John Kaiser, writing in a March 16 Bottom-Fish Tracker, Ashton Mining has been volatile over the past couple of weeks, sparked by the March 3 announcement that two pipes were found at Buffalo Hills. It had shot up to $1.50 but settled back to 99 cents by March 16. Mr. Kaiser tipped Ashton a buy in December, 1999, at 53 cents. He had four earlier buy tips ranging in price from $1.15 in April, 1996, to 50 cents in October, 1999. The activity indicates that whenever a pipe is found in a new area of Northern Alberta, especially in Ashton's central holdings, the market can let its hopes rise a little that Ashton may finally be onto a rich cluster. He contends that the discoveries may qualify as new clusters. Mr. Kaiser says Ashton remains as secretive about Alberta diamonds as ever. He says, however, that from conversations he has had with Ashton's people, he can infer that the company has done isotopic studies on its Alberta diamonds and apparently has a good idea about whether or not they are peridotitic and/or eclogitic in nature. The latter are the younger of the two types.