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

To: Jesse who wrote (5267)	5/31/1998 11:27:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

good job Jesse, I will check tomorrow re what else we can expect from the new pipes discovered this year. regards Frank

To: Jesse who wrote (5267)	6/2/1998 8:01:00 AM
From: Famularo	Read Replies (3) \| Respond to of 7966

>>>We have yet to hear of these 3: Anom. - Dimensions - Overburden K-15 _ 600m x 200m _ 42.7m K-32 _ 100m x 150m _ 90.0m K-93 _ 350m x 150m _ 79.0m K-15 is likely in the same cluster as K-11, K-92 and K-10 (see ACA NR 02/26/98). ACA last NR: Kimberlites K-11, K-92 and K-10 are in a cluster centred approximately 30km east of K-14. K-32 is relatively smaller, with the problem of, as DJ has commented about, less than shallow overburden. K-93 (also deep) may, along with K-32, be part of the 2nd new cluster??, to the SE of K-14 [vs. K-10, 11, 15, and 92 being east of K14]. <<< Jesse and ADP Gang! I spoke to John Auston yesterday and confirmed that three pipes are left to be reported. Obvioulsy, the results are not ready and K15 is close to K11. Results are expected soon. As for K91, we will have results by month-end. John also found it bizarre that the news last week did not excite the market. Ashton feels that K11 is extremely encouraging and will warrant additional sampling, possibly as quickly as July/August. What we need for Ashton to report is another pipe as good or better count than K11. This I suspect may excite the market. My speculative guess is that the results will be good on at least K15. This month continues to a good month to accumulate the stock. By month end, we will know the results of the remaining three pipes and K91. Why would Ashton not be a good speculative buy at current levels? As well, there will be some aggressive buying of Ashton as soon as some legalities are finalized. I expect this to happen this month. I won't share all the details of the deal but I can say that it is not a private placement. The stock will be bought at the open market. The deal is somewhere over one million dollars. Ashton was informed by myself re the deal. Happy Investing! Regards Frank Famularo