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

To: Rocket Red who wrote (6892)	11/24/1998 10:53:00 AM
From: Jesse	Read Replies (1) \| Respond to of 7966

Ooof, what a way to start the day! Certainly not what we were hoping to hear. I wonder how the smaller diamonds factor into this. That is, marketability aside, in terms of grade-- Today's news: This plant is designed to recover diamonds 1.2mm or greater* in size.* - - - - - So, now, one can but try to look at the bigger picture-- Despite these results Ashton remains encouraged by the overall prospectivity of northern Alberta for diamonds. A total of 16 of the 23 kimberlites discovered to date by the Buffalo Hills program are diamond-bearing, which is considered a high proportion by world averages. I concur and have to stick with Griz, on this one-- I too think there's much more to come down the pike. This news means we have stricken one more pipe off the list (at least for now...). A setback in terms of mine sure-ness. This play is in its infancy, albeit in an accompanying dreadful market. A disappointing time, ,but far from over. Ashton NR goes on, Drilling is currently under way at the Birch Mountain and Loon Lake properties, which form part of the Buffalo Hills project, and Ashton is optimistic that additional kimberlites will be discovered by these programs. Work continues. Additionally, a bulk sample of approximately 17 tonnes from kimberlite K-11 is being processed* at the North Vancouver laboratory.* Just a couple of my thoughts, folks. -j :>