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

To: Jesse who wrote (6368)	10/20/1998 10:51:00 PM
From: Famularo	Read Replies (3) \| Respond to of 7966

Famularo Ashton Update! ..) For all lurkers! As I posted the other day, k14 is being processed as we speak. Wayne and a partial crew are in Arkansas overlooking the processing. Wayne is expected to be back in Vancouver tomorrow. This of course does not mean that the processing is complete! I will call on Thursday and get an official public update. This is the process as I see it. Keep in mind that this bulk sampling test is a macro test not micro. 450-ton sample is composed of multiple sub samples, which were from different holes on K14, and at different depths. Let us assume that Ashton has a total of 10 sub samples of average size 45t(assumption). Sub sample #1 kimberlite samples will be crushed to 1.5mm(assumption) and processed. This will spit out all diamonds greater than 1.5 and create a waste. This waste will be reprocessed but this time it is crushed to 1.2mm(assumption). Again, it will spit out other stones, maybe a pink. Again,(assumption) they will crush the kimberlite to the reporting size, 0.8mm(assumption). They can process a sub sample 2-3 times. If you multiply this by number of sub samples, you will appreciate the work that is involved. One sub sample, for example(K141) can be extremely rich at different depths and give us again very high counts and diamonds. Now Ashton would know that K14-1 40t, processed the first time around at 89meters is just as rich at 120 meters(assumption) processed with the Bulk sample... If you look at the previous post, I linked the K14 mini bulk results in a table format. Ashton will process similar. My gut feeling! When I post BUY BUY BUY means that I had a dream and lurkers may want to assume the results may be good.... For the folks who know me know that I have some wild dreams and my dreams come true. Well, maybe I won't post public but there are other ways. <g> What would I like to see with K14? Over 100 diamonds, with good size distribution and rumor of good quality. Even if Ashton does not report the quality but if they proceed to 2000-5000T sample, that will confirm to me that the carat QUALITY recovered in the 450t is beautiful. Ashton would only proceed if the quality was awesome. The DMS plant would have to be ready for the 2000-5000t sampling and additional financing would be required next year. Therefore, folks if you believe, take appropriate action, if not sell. Keep looking for activity, I am watching VERY CLOSE and will jump in and buy more before the data flow on K14 results start. After then, if results are good, Ashton will generate higher volume and price. The float is so little, fewer than 10mil shares and it can move real fast... PS.. Please dont't pick on my style/grammar/spelling, I did this in little time while I was ,,,just kidding...)))))) Regards Frank Famularo