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


To: violetta martinez who wrote (3245)12/18/1997 12:02:00 PM
From: Famularo  Read Replies (1) | Respond to of 7966
 
Violetta, I'm with you. I am no geoligist but from your great research you have posted, it sounds really bullish. Once answers are given to our questions, I no doubt beleive investors will make this stock hit top media coverage with all the buying. Again, confirmation is what we need. Thanks for your post! I am sure a few people, including myself picked up a few things.



To: violetta martinez who wrote (3245)12/18/1997 12:41:00 PM
From: Valuepro  Respond to of 7966
 
V,

Olivine is a fairly common mineral. It is found in many diamond bearing features.

Diadem in Northern California, I believe, is exploring kimberlitic features. They have been doing so for a very long time and I doubt any drilling has been done. Diamonds have been found in downstream alluvials.

Ashton in Alberta have also been working in kimberlite. Comparisons to the Argyle in Australia are not appropriate as those diamonds are hosted in lamproite. Besides, if the Argyle were only the size of the K14 feature(s), it would have been mined out long ago. We have to remember the Argyle vast and it is low grade. It produces so much in the way of industrial stones they are uneconomic for anyone else to market. These stones, I understand, pay the overhead for the mine. It is only the occassional large, fancy stone which makes the mine hugely profitable. This means any other diamond bearing feature (anywhere in the world) must be economic based on gem stone production alone before it can become a mine. It is also the reason macro count is so important, and, following that, grading. [Note MPV's propensity to avoid serious discussion of macro counts while they focus on total stone counts.]

Hope this is helpful. As an aside, I hold some small concern that the high counts reported in K14c resulted from subterranean migration/concentration of stones as evidenced by the water reported to have complicated drilling. Subsequent dilling on other portions of the feature will give me more faith in the project if similar counts are sustained.

ValuePro