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

To: Jimsy who wrote (7570)	4/10/2000 8:43:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

There is speculation that Ashton has found a new pipe in NWT. Many active projects going on for Ashton. The company is well leveraged to be successfull with either NWT or Alberta. It will be an interesting year for Ashton. Project updates should be ongoing all year. There are many speculators who never liked Ashton because they do not believe in Alberta. With NWT back in the limelight, we should see more NWT followers jump on board. The Slave Craton is the only true proven area in Canada. For the benefit of shareholders, pipes in this area will slowly increase Ashton's market cap.

To: Jimsy who wrote (7570)	4/10/2000 9:18:00 AM
From: Famularo	Respond to of 7966

Ashton Mining of Canada Inc - Pure Gold discovers new kimberlite in the NWT Ashton Mining of Canada Inc ACA Shares issued 29,249,415 2000-04-07 close $1 Monday Apr 10 2000 See Pure Gold Minerals Inc (PUG) News Release Mr. Don Sheldon reports One new kimberlite has been discovered on the Roundrock property in the Northwest Territories as winter drilling continues. Roundrock property Kimberlite was first discovered on the Roundrock property in 1996 when the joint venture found the diamondiferous Aquila body. In April of this year, two exploratory core holes were drilled into a nearby magnetic anomaly and each intersected 20 metres of kimberlite in an apparently flat-lying body. The kimberlite, named Cygnus, is capped by approximately 35 metres of granite breccia containing veinlets of kimberlite, which in turn is overlain by 11 metres of glacial overburden. Microdiamond testing of core samples from Cygnus will be carried out at Ashton's laboratory in North Vancouver during the second quarter. The program is continuing with the drilling of one additional magnetic anomaly two kilometres to the north of Cygnus. Unexplained indicator mineral dispersion fans suggest that additional kimberlites are present on the property. The 19,400-hectare Roundrock property is located approximately 130 kilometres west of the Ekati mine. The joint venturers on the Roundrock property and their approximate current interests are Ashton Mining (TSE: ACA) 53.30 per cent, Tahera Corporation (TSE: TAH) 24.50 per cent, Pure Gold (TSE: PUG) 12.29 per cent, Paramount Ventures and Finance Inc. (CDNX: PVF) 8.25 per cent and Silverarrow Explorations Inc. (CDNX: SVI) 1.65 per cent. Paramount and Ashton are financing the 2000 exploration program with Pure Gold, Tahera and Silverarrow diluting their respective interests. Star property Two magnetic anomalies were drilled on the Star property and a magnetic ultramafic rock tentatively identified as pyroxenite was intersected at both locations. Further work will be conducted during the summer field season in an effort to better locate the source of the indicator mineral dispersion fan on the property. The 7,200-hectare Star property is located approximately 180 kilometres southwest of the Ekati mine. The joint venturers on the Star property are Ashton 56 per cent, Pure Gold 24 per cent, and Tenajon Resources Corp. (CDNX: TJS) 20 per cent. All partners participated in the winter program. Cross property Two holes were drilled in small lakes on the Cross property to confirm the source of indicator minerals and geophysical anomalies. No kimberlite was intersected, but indicator mineral dispersion fans suggest that undiscovered kimberlites may be present on the property. The 17,600-hectare Cross property is located 200 kilometres southwest of the Ekati mine and adjoins the Star property to the north. Ashton has an option to earn a 50-per-cent interest in any given kimberlite discovery from Pure Gold and Tenajon Resources by sole-financing all programs until it collects 20 tonnes of material from each such discovery.