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

To: Valuepro who wrote (7686)	9/29/2000 9:13:46 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG FOR: ASHTON MINING OF CANADA INC.TSE SYMBOL: ACASEPTEMBER 29, 2000 - 09:00 EDT Ashton Completes Current Drilling On The Ric Property InNunavut VANCOUVER, BRITISH COLUMBIA--Robert T. Boyd, President and CEO of Ashton Mining of Canada Inc. ("Ashton") reports that the fall drill program has now been completed on the Ric property in Nunavut. As reported on September 26, 2000, a new kimberlite, named Perseus, was discovered during this program. Perseus is situated at the head of a highly anomalous indicator mineral train coincident with the presence of kimberlite float. As reported on September 26, microdiamonds are present both in the till samples and in the kimberlite float. The float is widely distributed along a strike length of 1.4 km. Four angle holes were initially drilled at the Perseus discovery site with a subsequent hole drilled 50 m to the east to determine the orientation and dip of the kimberlite intrusion. All five holes encountered similar intersections of kimberlite, suggesting that Perseus may be a sill approximately 10 m wide dipping north at less than 15 degrees. The intrusion appears to be striking east-northeast approximately parallel to the float distributionpattern. Core has been shipped to Ashton's North Vancouver laboratory for microdiamond analysis which is expected to be completed in thelast quarter 2000. Ashton is pleased with the success of the fall drill program. Planning for a 2001 drill program on the Ric property will begin after the heavy mineral samples collected this summer have been analyzed. The extent of the 2001 drill program will depend on this analysis, microdiamond results from the Perseus kimberlite and data from additional geophysics to be conducted on the property inearly 2001. The Ric claims constitute one of the properties being explored by Ashton and Pure Gold Minerals Inc. under the Slave Regional joint venture in which Ashton is operator of all programs. Brooke Clements, Ashton's Vice President, Exploration, is responsible for the design and conduct of the programs.-30- FOR FURTHER INFORMATION PLEASE CONTACT: