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

To: Famularo who wrote (2749)	11/1/1997 3:08:00 PM
From: Roman	Respond to of 7966

Ashton drilling results hint at diamonds By KEITH DAMSELL Vancouver Bureau The Financial Post Ashton Mining of Canada Inc. released drilling results Friday that confirm "an extensive thick apron" of kimberlite at its promising diamond property in northern Alberta. Fall exploration drilling intersected a new kimberlite region in the company's Buffalo Hills property. Preliminary results indicate "one large, irregular and complex body" with dimensions of about 400 metres by 400 metres, about twice the size of earlier estimates. Detailed results of the 10 new drill holes are expected to be released in early December. In addition, mechanical failure at the company's North Vancouver laboratory have caused a delay in releasing the results of a detailed summer drilling program. They are expected to be made public by the end of November. The junior diamond company controls or has options on almost 27 million acres in north central Alberta. Ashton shares (ACA/TSE) fell 20« to close at $5.10 Friday. The stock's 52-week high is $8.05; the low is 77«. Shares in partner Pure Gold Resources Inc. (PUG/TSE) were virtually unchanged, falling 1.5« to 28.5«. The stock has a 52-week range of 14« to 56«.

To: Famularo who wrote (2749)	11/1/1997 3:47:00 PM
From: Roman	Read Replies (3) \| Respond to of 7966

Hi Frank. Something that I found in FP the other day, it goes back to old times when there was another diamond rush in Alberta. "Many junior firms laid claims in 1992-1993, but lacked the funds to explore properly, he says. RTZ-backed Kennecott Canada Inc. explored near Hinton, Alta., and was disappointed in the results." I was trying to find some information on Kennecott Canada and also RTZ, what really concerns me is WHY they were disapplointed in their exploration and at what stage. Do you think that you might have something in your database? Thanks, Roman