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

To: John Fairchild who wrote (3640)	1/24/1998 1:15:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

John, no definite date on remaining K6 results. The one that excites me is K91. I like to hear the results from this pipe. If K91 yields better than k14 ($32/tonne) I think we can feel confident that Ashton's K14,K6 and K91 may be a good inventory of possible commercial pipes. IMO, based on the operating costs in Alberta to run a production mine, a cost between $30-$45/tonne will be profitable for Ashton and others in Alberta. Of course this can only be confirmed upon increased bulk sampling on K6,K14,K91 and if results are good a feasibility study will have all the financial numbers to support the operations of a production mine. Excluding all this, lets not forget about all the other targets still to be drilled/tested, we may have pipes that can indeed yield $100/tonne. Way too early but Ashton has accomplished many milestones during a year of exploration.