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

To: Famularo who wrote (5134)	5/20/1998 12:41:00 PM
From: Sal Pugliese	Read Replies (1) \| Respond to of 7966

Frank, what kind of rumors? Where do you guys see the short position from? It seems as if two brokerage firms have shorted 400,000...right?

To: Famularo who wrote (5134)	5/20/1998 12:49:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 7966

Frank you leaking the news again keep up the good work aca on a roll

To: Famularo who wrote (5134)	5/20/1998 2:22:00 PM
From: Jesse	Respond to of 7966

Good comments, Frank. I think the markets have kinda turned a blind eye lately, and may be broadsided if met by some early surprising results. Re. new anomaly drilling: I repeat that at this early junction of exploratory drilling of anomalies (RC lastly), it is exceptional for a discovery of any diamonds in the samples. In the NWT, sheer geochem sampling was the goal of such drilling. Here in AB, the Ashton anoms have been consistently kimberlite, and even showing diamonds (okay, most are). Some good-sized diamonds. Clear and colourless. The diamond exploration process is a very lengthy, calculated process, before any kind of real understanding can be presumed. Given this, Ashton has made remarkable progress to date. Now drilling is getting into two new clusters. Still lots to learn. The 90,000 LB K-91 minbulk sampling may serve us up some revealing delights, as you've pointed out. Already from K-91 we've seen a 0.14carat diamond, and a 0.13carat diamond from a 21kg sample. If any remotely such good showings are found, at this only the 2nd year of drilling, it should catapult the public's perception of this find's legitimacy. We await the K-14 million pound sample results for a further confirmation of that kimberlite's grade/value. It only takes one such deposit of these large dimensions to be deemed economic (worth billion$), much less the many more targets to be followed up on. IMO, Ashton results to date have already demonstrated the highly unusual economic potential of this kimberlite field. Given the rumoured gem quality of diamonds thus far, the v.low extraction costs, the size of stones, the true expertise and determination of Ashton, etc etc, .... well, it's looking good! Regards, -j :> Ashton kims-to-date table (scroll down): ashton.net.au