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

To: Jesse who wrote (6333)	10/14/1998 12:08:00 PM
From: Famularo	Respond to of 7966

Wicked numbers, looks like people have yet to figure out the potential of Ashton. Ashton have good targets in NWT but the priorities sit with Buffalo Hills. Based on discussions with a few, they feel they have a better odds to open up a mine in Alberta versus NWT. This was based on overall costs to build and operate. Matter of time I guess, look for movement on the stock. They apparently have started to process K14 this week. regards Frank

To: Jesse who wrote (6333)	10/14/1998 1:16:00 PM
From: Famularo	Respond to of 7966

Montello hits second kimberlite...regards Frank

To: Jesse who wrote (6333)	10/14/1998 11:37:00 PM
From: Buckey	Respond to of 7966

To put it in perspective - Diamet's expected revenue per day of $2MM is equal to well over 100,000 barrels a day of Oil - roughly Hibernia's output.

To: Jesse who wrote (6333)	10/15/1998 1:09:00 PM
From: Famularo	Read Replies (2) \| Respond to of 7966

FYI! Picked this up from Stockhouse! Alberta Diamond Play Two Days, Two Releases from Montello Montello Resources [MEO.C] released two encouraging updates in the last two days regarding the diamond exploration program on the Legend property in Alberta. In yesterday's announcement, they confirmed that petrological analysis has proven the Phoenix discovery, first reported September 29th, is indeed a kimberlite. Today's news goes on to reveal the discovery of a second kimberlite at the Roc target. In response to these promising results, Kennecott Canada, the project operator, now plans to continue exploration through December expanding the initial three-target program to now include drill testing of seven additional targets. Alberta diamond players must be disappointed with the lackluster market response to these developments. Analysts have suggested for some time that the Alberta area play would only heat up again when one of the satellites made a discovery. One is, therefore, led to wonder why there was not a better response to the confirmation of not just one but now likely two kimberlites. Hopefully, it is just a case of investors taking a conservative stance and waiting for the diamond-content analysis, which is due in four to six weeks.