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


To: Rick W. who wrote (3853)2/10/1998 10:39:00 AM
From: Jesse  Read Replies (1) | Respond to of 7966
 
Kaiser comments that Ashton's 15+ new targets to be drilled, starting immediately, are on 3 new clusters, all of which are "at least 10km away from the two clusters identified in 1997." The clusters are still found on ground in which ACA holds 42.5% of the rights (w/ AEC 42.5, PUG 15%, as usual).
hmmmmmm -- wonder where...
MAP: pugres.com
(Huge map of proximal area, by NCS: newclaymore.com\jan29s.jpg )

Re. PUG, -Kaiser doesn't mention that PUG should be drilling with CaribGold/ RMLL in southern Alberta (Lethbridge claims) this season, timeframe unclear.

Cheers,
-j
:>



To: Rick W. who wrote (3853)2/10/1998 10:49:00 AM
From: junnie  Read Replies (1) | Respond to of 7966
 
The following excerpt was published in The Edmonton Sun, Edmonton, Alberta, on Tuesday, February 10th.

"DIAMOND SEARCH EXPANDED

Three partners looking for diamonds in the Buffalo Hills region of northern Alberta yesterday announced they have doubled their exploration budget for this year to $10 million.

Wayne Hillier, vice-president of exploration for Vancouver-based Ashton Mining of Canada Inc., said yesterday exploration is being ramped up after "very promising" results were uncovered in 1987, when about $5 million was spent.

"There's still a lot more work to be done to determine whether there's any commercial viability in any of the pipes that we've discovered to date," Hillier said yesterday.

"But we believe the results are encouraging enough to warrant increasing the expenditure levels."

The 1998 exploration budget also includes money to buy a 10-tonne-per-hour testing facility from South Africa, which could cost up to $4 million, said Hillier."