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

To: Martin Wormser who wrote (5946)	8/5/1998 1:48:00 PM
From: Famularo	Read Replies (2) \| Respond to of 7966

Another frustration! I had left A. Bitteli a voice mail re the validity of the rumours I had heard. He refused to return my call. Based on that, I must say that the mining industry continues to be dirty. Don't let anybody tell us that the results of K91 only became available yesterday. That is pure rubbish. They were available weeks ago. This is a release from Dec 97 which fed investors that K91 were the best so far. Ashton Mining of Canada Inc - One further microdiamond analysis of K-91 Ashton Mining of Canada Inc ACA Shares issued 20,836,399 1997-12-17 close $5.2 Thursday Dec 18 1997 Also Alberta Energy Company Ltd (AEC) Also Pure Gold Minerals Inc (PUG) Mr John Auston reports The following is an update of the company's activities on the Buffalo Hills program in northern Alberta. Aeromagnetic surveys are under way over large blocks of mineral permits held by the joint venturers to the north and east of the original option block. Interpretation of detailed aeromagnetic surveys flown earlier this year over the option block has defined a number of priority targets which may reflect kimberlite pipes. One further microdiamond analysis of K-91 located 2.3km north-northwest of K14 has confirmed the earlier encouraging results: No. of Stones Micro Macro Sample less greater Labor- Interval Weight than than atory (m) (kg) 0.5mm 0.5mm ------ -------- ------ ----- ------- Hole K-91-1 AML 58.2- 69.0* 48.0 56 6 AMC 87.0- 92.25 20.0 41 5 AMC 97.7-108.2* 49.0 83 1 ----- --- -- Total 117.0 180 12 * previously reported Microdiamonds are stones with a maximum dimension of less than 0.5mm and greater than 0.1mm. AMC - Ashton Mining of Canada - North Vancouver AML - Ashton Mining Limited - Perth, Australia This continues to show the K-91 microdiamond results to be among the best returned to date from the Buffalo Hills program, and points to the need for further sampling of this kimberlite. Analysis of mini-bulk samples by Dense Media Separation is continuing at the company's laboratory in North Vancouver. Delays have been encountered because of the unusually high content of relatively unaltered olivine in the kimberlites, which results in production of large olivine-rich concentrates. The size and olivine content of these concentrates must be reduced before visual examination for diamonds, and the process of reduction is time-consuming. These required extra steps mean that the first diamond results from these analyses cannot now be expected before mid-January. Ashton Mining of Canada and Pure Gold Minerals have an option agreement with Alberta Energy Company of Calgary whereby Pure Gold and Ashton have the right to earn interests of 15% and 42.5% respectively in the Buffalo Hills property. Total landholdings, including option and joint venture lands, comprise 28.3 million acres in north central Alberta. Ashton is operator of the related exploration programs. Ashton is a diamond exploration company with interests in a wide range of properties in Canada and the US. It is 62% owned by Ashton Mining Limited of Australia, a leading explorer, producer and marketer of diamonds which holds an interest of 40.1% in the Argyle diamond mine in northwestern Australia.

To: Martin Wormser who wrote (5946)	8/6/1998 1:31:00 AM
From: Doug W.	Respond to of 7966

Martin/Frank: Martin you must be south of Phoenix on the way to Tuscon - spend time in Tuscon at the gem show in February then all over - can't stand to be in one place too long. You should be in southern BC - very hot - feel like the Santa Ana winds of California have invaded us - fishing lousy - just like the market. Frank carefully re-read your post, I believe #5952, and I do believe the results were not completely available until just recently. Still banking that ACA will be a big winner in my portfolio - IN THE FUTURE. Regards, Doug W. Understand that ACA was the biggest loser on the TSE today with 248,000 shares traded, closing at 1.32, change of -.58, percentage of loss at 30% - am I correct?