Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DIAMOND JIM who wrote (5256)	5/29/1998 12:02:00 PM
From: Famularo	Respond to of 7966

Ashton Mining of Canada Inc. (ACA-T, $3.35) - Encouraging Exploration Results - Speculative Buy - Rob Klassen Ashton yesterday announced micro diamond analysis results on four of the 9 kimberlite pipes discovered during the winter 1998 reverse circulation drilling program. Results are encouraging in that the newly identified cluster of pipes located 30 km east of the K-14 complex appears to be diamondiferous. This new cluster includes pipes k-10, k-11 and k-92. Results from k-11, with 106 micro diamonds and 14 macro-diamonds (macro's are classified as greater than 0.5 mm), are comparable to initial results from pipe K-14 in 1997. Results for the three remaining pipes discovered in 1998 will be released in the next few weeks. Processing of the 450 tonne bulk sample from K-14 will commence once the DMS plant has been built on site meaning results will not be available for several months. These bulk sample results will give a better indication of the project's potential. Buffalo Hills is still an early stage project and has had its share of encouraging and disappointing results. This last round happens to be encouraging. Rob continues to rate Ashton as a SPECULATIVE BUY as there is still a great deal of work to be done on the known pipes and anomalies. Rob's target price is $5.00 per share.