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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: elcasmirb who wrote (602)	5/23/1998 7:42:00 PM
From: Famularo	Read Replies (1) \| Respond to of 1030

we should be close to having news on Pure Gold. 1-2 weeks. regards Frank

To: elcasmirb who wrote (602)	5/25/1998 5:09:00 PM
From: Famularo	Respond to of 1030

Yorkton says buy Pure Gold Minerals Inc PUG Shares issued 26,379,471 May 22 close $0.87 Mon 25 May 98 Research See Ashton Mining of Canada Inc (ACA) Research Art Ettlinger says why Ashton Mining of Canada Inc. (ACA TSE) operates the Buffalo Hills project, and along with its partners Pure Gold Minerals Ltd. (PUG TSE) and Alberta Energy Company LTD. (AEC TSE) continues to show remarkable exploration success. Nine new kimberlites were discovered this winter, raising the total to 23 known pipes. More importantly, these pipes appear to occur in at least four separate clusters as much as 30 kilometres apart. The first diamond counts from new discoveries at K-3, K95 and WP confirmed earlier observation by Ashton with regards to kimberlite diamond content. Pipes K-3 and K-95 are in the southernmost cluster of pipes. Reverse circulation drill samples from K-3 and K-95, weighing 180.2 and 90.0 kg, respectively, returned no diamonds. Analyses from other pipes in this cluster, such as K-1 and K-4 similarly returned little or no diamonds. Pipe WP, however, returned a total of four diamonds, from an 89.0 kg sample. Two of these diamonds had maximum dimensions of 0.6 and 1.6 mm. WP is 550 metres north of K-14 and is part of the northernmost cluster of pipes. This cluster, which includes K-91 and K14, has returned the most encouraging diamond results to date. Ashton announced an initial budget of $10-million , to be split among the three partners, for the Butfalo Hills project for 1998. This is almost twice the amount expended in 1997 and includes acquisition of a 10 tonne per hour dense media separation plant to be located in Alberta. This will enable Ashton to increase the rate at which it processes mini and bulk samples collected from the kimberlites. The cost of this plant is in the $2-million range and likely would not be considered if Ashton did not anticipate a larger sampling program in the future.