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

To: maintenance who wrote (4265)	3/6/1998 4:50:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

*NEWS -- Four more kimberlites on Buffalo Hills project Ashton Mining of Canada Inc ACA Shares issued 23798122 1998-03-05 close $4.61 Friday Mar 6 1998 Also Pure Gold Minerals Inc (PUG) Also Alberta Energy Company Ltd (AEC) Mr John Auston reports Ashton Mining of Canada has received further results on the progress of the Buffalo Hills project in north central Alberta. Reconnaissance Drilling Reverse circulation drill holes on aeromagnetic anomalies in areas 30km east and southeast of kimberlite K-14 have discovered four more kimberlites additional to the two reported on February 26 1998, bringing to six the number of new kimberlites found so far by the 1998 winter program. The results to date are: Kimberlite Anomaly Overburden Dimension Depth Metres Metres K11 500 x 250 13.4 K15 * 600 x 200 42.7 K10 150 x 150 127 K32 100 x 150 90 K92 450 x 200 80 K93 350 x 150 79 The results continue to provide indications of new clusters of kimberlite pipes. The program of reconnaissance drilling is continuing. Sampling Program Two reverse circulation drills on kimberlite K-14 have encountered some operational problems which have delayed somewhat the collection of a larger sample from this kimberlite. Another rig is drilling larger diameter core holes and rotary holes on kimberlite K-91 to collect a mini-bulk sample of about 40 tonnes. Analytical Results Analyses by dense media separation of samples weighing 3.55 tonnes from six core drill holes on kimberlite K-5 recovered no diamonds. On the other hand, analysis of a sample of 4.0 tonnes from a pit on K-5 has recovered 0.027 carat of diamonds greater than 0.8 millimetre in maximum dimension. The greatest dimensions of the three largest stones are 1.67, 1.24 and 1.20 millimetres. Although the diamond content of the sample is low, it is of interest because of the very large size of kimberlite K-5 and leaves open the possibility that some portion of the kimberlite may have higher counts. The joint venturers on the central Buffalo Hills project are Ashton Mining of Canada (42.5%), Alberta Energy Company (42.5%) and Pure Gold Minerals (15%). Ashton is operator of the programs. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com