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

To: DIAMOND JIM who wrote (5522)	7/6/1998 4:23:00 PM
From: Famularo	Respond to of 7966

>>>.At what point do you think ACA will require more financing? Would their current cash position be sufficient to complete the major bulk sample on K14 and other larger samples that should be in the pipe eg K91 , mini on K11 and possibly K15?<<< Ashton has approx. 15mil. These funds shouls be enough to carry them into 1999. Additional financing may be required depending on the success of the current exploration program. Therefore, if results on K14 warrant 5000-10,000 bulk sampling, additional financing will be required. Ashton may have to prepare themeselves for this prior to the results on K14 being ready. The 1999 budget is usually drafted a few months prior. Ashton should know by Dec if K14 will be bulk sampled. regards Frank