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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: gordon m. who wrote (1305)	1/11/1998 10:36:00 AM
From: Jimsy	Respond to of 4256

Gordon M - this is a very good report. I suppest you post it on some of the other threads as well. If these anomalies that Montello have turn out to be kimberlites, that's one big giant step, next if they are diamondiferous, next big step, lots of them nother big step, then with big diamonds.....economics...etc, we have interesting times ahead.

To: gordon m. who wrote (1305)	1/11/1998 11:22:00 AM
From: Jesse	Respond to of 4256

Wow! Now that's what I call sharing of info! Thanks so much Gordon.- -In response to your question about the perimeter of the domal sructure as having better odds of kimberlite, I did relay that info on this thread, although we never did get a good hard argument for that in discussion here. But that is where ACA's pipes have been showing up on the structure, apparently. Some info I might append to all that you've graciously shared here, GM, is that the topographical high in question is said to be nearly 150km in diameter. Its geographic locale as you've described is accurate, and thus confirms that the domal structure encompasses Troymin's 100% (~Tp.90) property to the NE of MEO (TYR's land also straddles the PRA axis). Beyond that, this topographical structure, a 'plateau' as it's also been termed, sits atop a nw>se fault that apparently runs nearly the length of the whole province. There are several other faults that come into play here, but it is evident that this fault combined w/ this high (and probably the PRA) means high priority anomaly targets. Subsequent data reviews by Downey and Senn (as you've pointed out), have been confirming this. I've also been told that Ashton's first reported batch of K-pipes are those that lie on this target zone (this giant "butte" of sorts). So, let's look back at what ACA reported first, shall we? An excerpt from ACA's Feb.13/97 NR: The five recent holes were drilled on two new kimberlite pipes, bringing to seven the number of pipes found so far within an area of 100 sq km. Sound like 2/3 of a 150km top. high? Here's more from Ashton's Feb.4/97 NR: The holes were drilled vertically through glacial overburden and into kimberlitic material displaying crater and diatreme facies textures similar to those reported in the previous two drill holes. Glacial overburden was encountered to a depth of 6.7 metres (22 feet) on anomaly 14, 64 metres (210 feet) on anomaly 7A, and 13.4 metres (44 feet) on anomaly 6-1. All holes remained in kimberlitic material until termination at 200 metres (656 feet). -Note that these holes stayed in K. To back up a bit, note ACA's first report (Jan.28/97) from drilling: Ashton Mining of Canada Inc announced that they had intersected two separate kimberlitic pipes in the first two holes drilled on a new prospect in the Peace River-Buffalo Hills area of Alberta. -Their first 2 holes were hits! I realize these types of expectations are unrealistic; I'm just pointing this out in view of the odds. Also note that Ashton first acquired 1.45million acres of mineral rights from AEC (when PUG agreed to spend the first $500,000 to gain their 15%), but after reviewing more data (add'l aeromags), snagged another 4.37million acres of rights (=5.82milT). It was at this time that MEO and others (TYR, EVR, NCS) perked up, jumped in and quickly started acquiring adjacent land mineral permits. But it doesn't stop here, because Ashton next acquired an additional 22.5 million acres (a 25.5% interest) in the surrounding region (=28.32milT). I assume readers can guess as to why Ashton might do this. --------------- This post is getting way too long (I apologize). Just remember we still have some potential big news from Ashton, including the rumoured K6 surprise results. And Gordon, I agree that Ashton has certainly blazed the trail here, and should be considered a vital part of one's area portfolio. Ashton has brought real credibility and direction to this discovery. PUG, at 15%, is a buy too. Blue sky still abounds for this play, still in its infancy! ^imHo^ G'luck to all, -j :> PS-- Please do your own research before any buying, and remember, the above info is from my cerebral cortex, and thusly, prone to errors!