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

To: Ned Land who wrote (5839)	7/29/1998 9:39:00 AM
From: junnie	Respond to of 7966

At a time when resource stocks are down in general, and ACA in particular, emotions are running high (low)! And contradictory remarks, etc. don't help, particularly when some of us purchased stock at much higher levels. Having said that, here's a somewhat positive article which was published in The Edmonton Journal yesterday: Diamond firm shrugs off weak results The stock market reacted negatively to the latest diamond results from Ashton Mining's Buffalo Hills exploration, but the president of the company says there's nothing amiss. Samples from the final three of 23 kimberlites - the carrot-shaped geologcial formations that can contain diamonds - yielded only one microdiamond. That's going to keep happening," said John Auston in Vancouver. Only about 10 per cent of the world's kimberlites contain diamonds of significant quantity. And Ashton has found 16 that are diamondiferous, including four that deserve more sampling. The company is also POISED TO BUILD a small processing plant near the mining operations northeast of Peace River; Auston said. Results on a 35-tonne sample from a pipe called K91 are expected to come in days, he said. If they are positive, that would give Ashton two pipes with promise in close proximity. Investors are also keenly interested. "Ive been getting a lot of calls on it," Auston said. "The problem people have with diamond stories is it takes so long to get definitive answers." Question: He mentioned "small processing plant". Is this in keeping with the amount of processing that will be needed? TIA