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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: Scott Reynolds who wrote (1716)	4/30/1998 7:26:00 PM
From: Mike Smillie	Respond to of 5206

From Canaccords morning "Daily Letter": at least KRT has had some actual diamonds, I think this makes us look pretty good! * Ashton Mining of Canada (ACA : TSE : $3.73 : Issued 27.9M f.d) During the winter exploration season in Alberta's Buffalo Hills region, Ashton Mining of Canada and partners Pure Gold Minerals and Alberta Energy Company (42.5%-15%-42.5% respectively) discovered nine new kimberlites bringing to 23 the number found since January 1997. These discoveries were noted in press releases of February 27, March 6 and March 23, and we refer the reader to the March 25 Daily Letter comment and to Canaccord's February 2/98 report Diamond Exploration Alberta-1998 for background. Yesterday the first set of caustic fusion results for three of the new pipes were released with not very exciting macro/microdiamond (ñ0.5 mm stone) counts. The three pipes reported on were the last pipes reported discovered. Chip samples from reverse circulation drilling of 180.2 kg from K-3 and 90 kg from K-95 in what is known as the southern cluster yielded no diamonds. The WP pipe which is located 550 m north of K14 kimberlite yielded two stones of less than 0.5 mm in dimension and two stones over 0.5 mm (a 1.6 mm and 0.6 mm diamond) from 89 kg of sample for a count of 0.2 macros per 10 kg or 0.45 "diamonds" per 10 kg: small counts in comparison to the better NWT kimberlite core sample results. The WP kimberlite lies between K-14 where 450 tonnes of bulk sample was taken by two reverse circulation rigs earlier this year (results later this year) and the K91 pipe from which a 40 tonne mini-bulk sample was taken and is expected to be processed in Ashton's North Vancouver facility. (K91 is located approximately 2.3 kms north-northwest of K14.) The other six new kimberlites to be reported on are the K11, K15, K10, K32, K92 and K93 located about 30 km east and southeast of K14 (we believe close to Highway 88). We would expect these results to be batched" and released over the next month or so. These results will be of interest to the market as they appear to represent a separate cluster but it is the mini- and large bulk sample results from the K91 and K14 pipes that will bear heavily on the market's perception of Alberta's diamond potential. Ashton's new 1997 annual report entitled Diamond Seekers provides a good background on the project complete with visuals (604)983-7750; the Company's working capital at December 31 stood at $17.1M reflecting $15.4M raised in a rights issue and about $7.2M in exploration outlays during the year. Again these are still early days in the Alberta diamond hunt with many more targets to be tested, but we would be delighted if the results to come turned out to be more substantial than those seen to date. We are probably happier calling Ashton ($3.75) and Pure Gold ($0.89) "holds" at this point. Luck to all, Mike

To: Scott Reynolds who wrote (1716)	4/30/1998 7:27:00 PM
From: Lilian Debray	Respond to of 5206

The 75 most highly "peoplemarked" SI members list. exchange2000.com Somebody seems to be accumulating this stock through Global. 04/30/98 - 16 Trades for KRT Ex Time Price Change Volume Buyer Seller Marks V Apr 30 13:29 0.28 -0.01 3500 031 Global 035 Canaccord T V Apr 30 13:24 0.28 -0.01 2000 031 Global 035 Canaccord T V Apr 30 13:05 0.27 -0.02 64000 031 Global 031 Global T V Apr 30 13:05 0.27 -0.02 2000 082 DS 031 Global T V Apr 30 12:22 0.27 -0.02 5000 009 Green Line 035 Canaccord T V Apr 30 12:22 0.28 -0.02 3500 009 Green Line 035 Canaccord T V Apr 30 11:30 0.26 0.00 400 087 Wolverton 009 Green Line E V Apr 30 10:58 0.29 0.00 2500 009 Green Line 009 Green Line T V Apr 30 09:41 0.29 0.00 2500 009 Green Line 009 Green Line T V Apr 30 09:25 0.28 -0.01 1500 009 Green Line 010 Dominick T V Apr 30 08:30 0.28 -0.01 500 025 Midland 010 Dominick T V Apr 30 08:29 0.28 -0.01 1000 025 Midland 010 Dominick T V Apr 30 07:41 0.25 -0.02 300 077 Union 009 Green Line E V Apr 30 07:41 0.27 -0.02 500 009 Green Line 009 Green Line T V Apr 30 07:31 0.29 0.00 4500 009 Green Line 009 Green Line T V Apr 30 07:31 0.28 0.00 500 009 Green Line 087 Wolverton TW