Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chris who wrote (7701)	12/9/2000 10:43:58 AM
From: Famularo	Respond to of 7966

cynicism of protracted exploration and earlier disappointments You said it. Investors are not convinced with Buffalo Hills will ever produce a commercial mine. Many said the same with Argle Mine and Ashton proved them wrong. Although, Ashton is in much earlier stages with Nunuvut, investors will react better to VG counts on the Perseues dyke. IF rich, this pipe is 5 times the size of Snap Lake. cheers.

To: Chris who wrote (7701)	12/14/2000 10:20:31 AM
From: Famularo	Respond to of 7966

Ashton's Ric property is diamondiferous Ashton Mining of Canada Inc ACA Shares issued 35,887,417 2000-12-13 close $0.76 Thursday Dec 14 2000 News Release See Pure Gold Minerals Inc (PUG) News Release Mr. Donald Sheldon of Pure Gold reports The Perseus kimberlite on the Ric property in Nunavut is diamondiferous. The Perseus kimberlite is located at the head of a highly anomalous indicator mineral train coincident with the presence of kimberlite float. As reported in Stockwatch, on Sept. 26, 2000, microdiamonds were present in till samples and kimberlite float distributed over a strike length of 1.4 kilometres. In September, 2000, five core holes were drilled into the hypabyssal kimberlite. The drill results suggest that the intrusion is a dike approximately 10-metre-wide dipping north at approximately 19 degrees with an east-northeast strike. In total, 55 microdiamonds were recovered from 211 kilograms of kimberlite by caustic dissolution at Ashton's North Vancouver laboratory. Material from all five drill holes was processed. A microdiamond is defined as being greater than 0.1 and less than 0.5 millimetres in all dimensions. Drilling is planned in 2001, to better delineate the dimensions of the Perseus dike and to determine the variability of its diamond content. Ashton is encouraged by this discovery of a new diamondiferous kimberlite in the northern part of the Slave craton. In addition to Perseus, two other diamondiferous kimberlites were discovered in the region during 2000, by different mining groups. These discoveries provide a clear indication of the potential for further diamondiferous kimberlite discoveries in the north Slave. At least seven indicator mineral trains with encouraging mineralogy remain unexplained on the 51,100-hectare Ric property and on the 53,100-hectare Kim property, located 25 kilometres to the north. Exploration on the Ric and Kim in 2001, will consist of heavy mineral sampling and airborne and ground geophysical surveys followed by the drilling of high-priority targets if warranted. The Ric and Kim claims constitute two of the properties being explored by Ashton and Pure Gold under the Slave Regional joint venture. Current approximate interests in the joint venture are Ashton 87.5 per cent and Pure Gold 12.5 per cent. Ashton is operator of all programs under the joint venture, and Brooke Clements, professional geologist and Ashton's vice-president, exploration, is responsible for the design and conduct of the programs.