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

To: JP who wrote (1641)	2/22/1998 9:22:00 PM
From: Chuca Marsh	Respond to of 4256

Can some of you diamond in the roughts comment on this and a Docs' New Geo Reading technique at ACS( Halted on ASE on Friday) and IRR( Now as was Prior-PQL) as the 6 months old New Release seemed to stress this with no further info on this NEW INNOVATIVE READING process: <<..Re. the line about the innovative geologic model, I'd like to know more about it! I assume it's now including seismics & EM's? - Do you know?>>( From 1575 ) TIA, Chuca PS- REFERENCE: Archon Minerals Limited - Prospecting agreement on CJ property Archon Minerals Limited ACS Shares issued 7224293 1997-06-10 close $1.26 Wednesday Jun 18 1997 Also Riley Resources Ltd (RYR) Also ITL Capital Corporation (ICL) Dr Stewart Blusson and Mr William Trimble report Archon Minerals has signed a prospecting agreement with ITL Capital Corp and Riley Resources. The prospecting agreement covers the companies' CJ property 350km northeast of Yellowknife, NWT. Under the terms of the one year agreement Dr Stewart Blusson will implement a comprehensive review of all exploration work completed to date on the 91 claim property. Followup work will include a detailed airborne survey of the CJ claim group, using a helicopter mounted probe magnetometer system. The work program is expected to begin in early July with Archon Minerals Ltd having the right to earn a 25% interest in all kimberlite occurrence that it discovers on the CJ property. The work program wil be financed by Archon. Airborne targets defined by Dr Blusson's innovative geophysical technique will be tested with a portable drilling rig to confirm their identity as potentially diamond bearing kimberlites. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

To: JP who wrote (1641)	2/23/1998 7:00:00 AM
From: Bob Fairchild	Read Replies (1) \| Respond to of 4256

J.P. I never said anything about Montello's share price skyrocketing if they hit kimberlite. To do that their has to be evidence of diamonds in the core. I have played this stock for three years now and have made lots of money to date on it. If the share price were to go to zero tomorrow with my sizeable position I would still come out ahead overall ! I am under no illusion with this company. The discovery of an economic deposit does not even enter into my investment decisions at the moment, it is way too premature to even contemplate. I do expect they will hit kimberlite which will push this stock over the $1.00 range. Not skyrocket mind you, but payback a respectable return. If they fail to hit kimberlite, it will not be the end as this play will continue for another year at least ! To get a feel for the share price is a matter of going back a year and seeing how Ashton faired during the respective stages of its discovery.