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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: Jesse who wrote (2933)	12/10/1998 2:38:00 PM
From: JP	Read Replies (1) \| Respond to of 4256

Ashton is proving out the MEO Fault theory!!!!! NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ASHTON MINING OF CANADA INC. TSE, ME SYMBOL: ACA DECEMBER 10, 1998 Ashton Discovers Two More Kimberlites In Alberta VANCOUVER, BRITISH COLUMBIA--John S. Auston, President and CEO of Ashton Mining of Canada Inc., is pleased to report the discovery of two kimberlites in the current early-winter drilling program in the Buffalo Hills area of north-central Alberta. The first of these, kimberlite LL-8, is on the Loon Lake property and approximately 21 kilometres southeast of kimberlite K-11. The new kimberlite was discovered by a vertical core drill hole under 75 metres of overburden. The second discovery, BM-2, is on the Birch Mountain property and approximately 16 kilometres southeast of K-11. It was found by a vertical core drill hole under 63 metres of overburden. Discovery of LL-8 and BM-2 brings to 25 the number of kimberlites found since inception of the program in early 1997. Sixteen of the first 23 of these kimberlites have been found to contain diamonds. Samples from the recent holes will be analyzed for microdiamonds at Ashton's laboratory in North Vancouver. Processing of a mini-bulk sample of approximately 17 tonnes from kimberlite K-11 is continuing at the Company's laboratory. The joint venturers on the Buffalo Hills Project, including the Loon Lake and Birch Mountain properties, are Ashton Mining of Canada Inc. (ACA.TSE/ME, 42.5 percent), Alberta Energy Company Ltd. (AEC.TSE and AOG.NYSE, 42.5 percent) and Pure Gold Minerals Inc. (PUG.TSE, 15 percent). Ashton is operator of the programs. Ashton is a diamond exploration company with interests in a wide range of properties in Canada and the United States. It is 61.2 percent-owned by Ashton Mining Limited of Australia, a leading explorer, producer and marketer of diamonds which holds an interest of 40.1 percent in the Argyle diamond mine in northwestern Australia. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Ashton Mining of Canada Inc. John S. Auston President and CEO (604) 983-7750 or Ashton Mining of Canada Inc. Susan Morrison Investor Relations (604) 983-7750 Website: www.ashton. ------ Previous \| Previous \| ------ \| Respond \| Quotes