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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (203)	10/4/2002 1:48:56 PM
From: IngotWeTrust	Respond to of 16206

Thanks. [eom]

To: russet who wrote (203)	10/7/2002 9:37:57 AM
From: Famularo	Respond to of 16206

fragile surface reaction rims theory: If glacial(or other weathering) action had carried these grains very far, the reaction rims, or little pieces sticking out from the grains would have been broken off,...the fact that these little pieces remain on the grains indicate the grains haven't traveled very far from the volcano(pipe/dyke/fissure) that produced them. </> thanks Russett,I could not have explained it better...frank

To: russet who wrote (203)	10/7/2002 9:38:43 AM
From: Famularo	Read Replies (1) \| Respond to of 16206

Ashton adds Renard 8 to Foxtrot discoveries Ashton Mining of Canada Inc ACA Shares issued 49,062,149 Oct 4 2002 close $ 0.89 Friday October 4 2002 News Release Mr. Robert Boyd reports ASTON MINING OF CANADA INC.: RENARD 8 DISCOVERED AND QUEBEC S ... Ashton Mining of Canada has discovered the Renard 8 kimberlitic intrusion on the Foxtrot property in north-central Quebec and has confirmed completion of the extensive summer field program conducted by Ashton and its joint venture partner, Soquem Inc. In addition to the discovery of Renard 8, highlights of the summer program include: the discovery of Renard 7, announced in Stockwatch news on Aug. 21, 2002; drilling on Renard 2, 3 and 4 that resulted in the collection of mini-bulk samples of 1.8, 4.3 and 4.2 tonnes and resulted in the preliminary determination of the minimum size of these bodies; and detailed ground geophysics over several targets and the collection of more than 1,000 heavy mineral samples from the Foxtrot, Tichegami and Taiga properties. New discoveries Renard 8 Renard 8 is situated approximately 350 metres northwest of Renard 2 and was discovered by drilling two angle holes across a geophysical anomaly having approximate surface dimensions of 75 metres by 40 metres. Both holes were drilled from the same setup. The drill data are summarized below. RENARD 8 DRILL DATA Drill intersections Azi./ (m) angle frm. Over Kimber Drill hori. -bur -litic Country hole (deg.) -den breccia rock R8-01 90/50 0-17 44-111 17-44; 111-144 R8-02 120/50 0-15 39-141 15-39; 141-204 Renard 7 Renard 7 was discovered by drilling a complex geophysical anomaly, having approximate surface dimensions of 150 metres by 60 metres. Drill hole R7-01 terminated in hypabyssal kimberlitic material. The remainder of the drill data are summarized below. RENARD 7 DRILL DATA Drill intersections (m) Azi./ Hyper angle byssal Brecc frm. Over kimber -iated Drill hori. -bur -litic country hole (deg.) -den material rock R7-01 vertical 0-15 87-102 15-87 (1) R7-02 358/50 0-21 21-29 29-127 (1) Several intersections of hypabyssal kimberlitic material were encountered, the longest being three metres. Two additional geophysical anomalies were drilled during the summer program, bringing to 12 the total number of geophysical anomalies tested on the Foxtrot property to date. One of the anomalies was explained by the intersection of diabase material, while the other has not been explained. Mini-bulk sampling Renard 2 As reported on June 11, 2002, a 2.44-tonne sample collected from Renard 2 earlier in the year returned 1.69 carats of diamonds greater than 0.8 millimetre using a square mesh screen. These results gave the sample an estimated diamond content of 69.3 carats per hundred tonnes. During the summer program, three core holes were drilled on Renard 2, resulting in the recovery of 1.8 tonnes of kimberlitic material. Each hole was drilled from the same setup, located at the site of the discovery holes near the interpreted centre of the body. The drill data from these holes are summarized below. RENARD 2 DRILL DATA Drill intersections (m) Kimber Azi./ -litic angle breccia frm. Over hyper Drill hori. -bur byssal Country hole (deg.) -den dikes rock R2-07 8/50 0-25 25-72 72-189 (1) (2) R2-08 162/50 0-27 27-130 130-141 R2-09 164/85 0-18 18-138 none (1) includes several intersections of brecciated country rock material (2) includes several intersections of hypabyssal dikes, the longest one from 107 metres to 113 metres Taken together, the drill data from the three holes summarized above and the six previous holes suggest that Renard 2 has approximate minimum surface dimensions of 120 metres by 65 metres. Additional drilling is required to define the true dimensions of Renard 2. Renard 3 Data from the first two drill intersections on Renard 3 were reported on April 9, 2002, and diamond results were reported on June 13 and July 2. In the current program, seven core holes drilled from three setups resulted in the collection of approximately 4.3 tonnes of kimberlitic material. The drill data are summarized below. RENARD 3 DRILL DATA Drill intersections Azi./ (m) angle frm. Over Kimber Country Drill hori. -bur -litic rock hole (deg.) -den material (1) R3-03 73/70 0-18 18-61 61-114 (2) R3-04 293/80 0-19 19-134 134-156 (2) R3-05 143/80 0-17 17-18 18-69 (2) R3-06 vertical 0-14 14-121 121-153 R3-07 212/75 0-17 17-201 201-231 R3-08 83/50 0-22 22-53 53-114 (2) R3-09 83/79 0-12 12-105 105-150 (2) (1) includes both kimberlitic breccia and hypabyssal material, with the breccia being dominant (2) includes several intersections of hypabyssal dikes, the longest being seven metres in R3-05 Holes R3-03, R3-05, R3-06 and R3-07 were drilled from the site of the two discovery holes near the interpreted centre of the body. R3-04 was collared approximately 20 metres south, near the interpreted eastern edge of the body. Drill holes R3-08 and R3-09 were collared at the interpreted northwestern edge of the body approximately 20 metres north of the discovery collar. The drill data from the seven holes summarized above suggest that Renard 3 is a linear body with approximate minimum surface dimensions of 120 metres by 20 metres. Additional drilling is required to define the true dimensions of Renard 3. Renard 4 Results from the first two drill intersections at Renard 4 were reported on April 9, 2002. Initial diamond results followed on June 13. During the recently completed program, a sample of approximately 4.2 tonnes was collected from three core holes that were drilled from two setups. The drill data are summarized below. RENARD 4 DRILL DATA Drill intersections Azi./ (m) angle frm. Over Kimber Country Drill hori. -bur -litic rock hole (deg.) -den material (1) R4-03 268/80 0-9 9-47 47-80 R4-04 120/65 0-9 16-27; 9-16; 57-254 27-57 (2) R4-05 78/65 0-9 9-265 265-277 (1) includes both kimberlitic breccia and hypabyssal material, with the breccia being dominant (2) includes several small kimberlitic intersections less than one metre in width The first two holes, R4-03 and R4-04, were drilled from the interpreted northwestern edge of the body at a setup located 35 metres northwest of the discovery collar. R4-04 was terminated in kimberlitic material. R4-05, the third hole, was drilled from the same setup as the two discovery holes in the interpreted west-central portion of the body. The drill data from the five holes drilled to date suggest that Renard 4 has approximate minimum surface dimensions of 140 metres by 60 metres. Additional drilling is required to define the true dimensions of Renard 4. Forthcoming results The joint venture expects to announce the following diamond results before the end of the fourth quarter: results from the testing of additional kimberlitic material collected from the original discovery holes at Renard 1, 3, 4, 5 and 6; results from the caustic fusion of kimberlitic material collected from Renard 7 and Renard 8; and results from the Renard 2, 3 and 4 mini-bulk samples. Ashton and Soquem jointly hold more than 380,000 hectares of mineral permits in north-central Quebec. These holdings include the 153,000-hectare Foxtrot property in the Otish Mountains region that hosts the eight kimberlitic bodies discovered by the joint venture to date. Soquem is a wholly owned subsidiary of SGF Minerals Inc., a subsidiary of Societe Generale de Financement du Quebec (SGF). The mission of the SGF is to carry out economic development projects in Quebec in co-operation with partners and in accordance with accepted requirements of profitability.

To: russet who wrote (203)	10/24/2002 7:27:08 PM
From: Famularo	Read Replies (1) \| Respond to of 16206

Diamondex closes first tranche of financing Diamondex Resources Ltd DSP Shares issued 27,939,289 Oct 24 close $0.70 Thu 24 Oct 2002 News Release Mr. Randy Turner reports DIAMONDEX RESOURCES LTD. CLOSES PRIVATE PLACEMENT Further to news reported in Stockwatch on Sept. 19, 2002, the first tranche of the private placement has closed for gross proceeds of $4,466,752.50. Subsequent to the news release, the number of flow-through units (the flow-through units) was increased from 4,666,667 to six million flow-through units so that the company's private placement now comprises up to eight million units (the units), consisting of up to six million flow-through units and up to two million non-flow-through units (the non-flow-through units). The first tranche, which closed on Oct. 23, 2002, consisted of 5,955,670 units, comprising 5,905,670 flow-through units and 50,000 non-flow-through units at 75 cents per unit. Each flow-through unit comprises one flow-through common share (a flow-though share) and one-half of one non-transferable share purchase warrant (a warrant). One whole warrant entitles the placee to purchase one additional non-flow-through common share (a warrant share) of the company for a period of 12 months from Oct. 23, 2002, at a price of 85 cents per warrant share. Each non-flow-through unit comprises one common share (a non-flow-through share) and one warrant. In addition, 595,567 share purchase warrants (the agents' warrants) were issued to the agents. One agent's warrant entitles the agents to purchase one warrant share (an agent's warrant share) of the company for a period of 12 months from the date of closing of the transaction at 75 cents per agent's warrant share. The common shares and any shares issued on the exercise of the warrants forming a part of the units and any shares issued on exercise of the agents' warrants will be subject to hold periods expiring on Feb. 24, 2003. The company anticipates that the second tranche of the private placement will close in early November. Proceeds of the flow-through offering will be used on the company's projects in the Northwest Territories, Nunavut and the province of Quebec.