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

To: Famularo who wrote (3672)	1/28/1998 1:52:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

Ashton Mining of Canada Inc - Exploration at Kenieba diamond concession underway ACA Shares issued 20836399 1998-01-27 close $4.65 Wednesday Jan 28 1998 See Mink International Resources Corp (MKM) News Release Mr O.L. de la Cuesta reports The company with its joint venture partner have selected the most promising areas in the Kenieba diamond concession and relinquished the balance to the Mali government. The bases for selecting the present 18,000 sq km (4,447,800 acres) area by the Mink Ashton joint venture in which to conduct the 1998 and succeeding exploration programs include: 1. The locations of macro and micro diamonds discovered during the recent regional stream sediment, loam and soil sampling program; 2. The locations of significant positive indicator minerals (viz: pyrope garnets, kimberlitic chromite and picro-limenites) identified during the same sampling regime; 3. The locations of aeromagnetic anomalies already identified by Ashton geophysicists from a 65,000 line km high sensitivity aeromagnetic survey that was conducted by Aerodat Inc in 1997; 4. The locations of ground magnetometre and Slingram geophysical anomalies, again identified by Ashton geophysicists, three of which have already been proven as kimberlite pipes. High Sense Geophysics, which took over from Aerodat Inc, has advised the company that it now has technical personnel dedicated exclusively for processing the voluminous data from the 65,000 line km aeromagnetic survey. The former estimates this work to be completed by mid-February 1998. Based on the positive indicator mineral results then recovered in the selected area, the Mink Ashton joint venture is optimistic that many more aeromagnetic anomalies will be identified by Ashton geophysicists upon High Sense submitting the final survey results. The company has started its detailed kimberlite exploration and evaluation in the selected area. The primary anomalies being tested are the top 10 priority targets selected by Ashton geophysicists and Dearn Lee, former chief mineralogist of Ashton Mining and now Mink lnternational's diamond consultant. The activities involved in evaluating each of these priority targets include a combination of two or more of the following: diamond drilling, trenching, test pitting and ground geophysical surveys. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com