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


To: Jimsy who wrote (7192)3/8/1999 5:15:00 PM
From: Famularo  Read Replies (1) | Respond to of 7966
 
Yes, five diamondifous pipes is a start! They will have a tougher time sucking in money if they don't tell the public more during the early part of the program. Size od stones and quality. It seems to me that Ashton had an agenda not to release quality of the mini bulk samples has they may have expected the disappointment of bulk sampling results. I wonder why NO ONE has ever questioned why the delay in the 10mil DMS plant! Sure, they'll point it to the other reasons. This is rubbish. IMO, the plant was delayed because Ashton had an agenda to follow and knew what was coming down the pipe. K14 is still a mystery re the huge differences between the mini bulk results and 430t bulk results.

regards
Fast Frank



To: Jimsy who wrote (7192)3/10/1999 6:13:00 PM
From: Famularo  Read Replies (1) | Respond to of 7966
 
Sanfred to farm out interest in Beniah Lake to Pure Gold

Pure Gold Minerals Inc PUG
Shares issued 32,124,033 Mar 9 close $0.165
Wed 10 Mar 99 News Release
See Sanfred Resources Ltd (SND) News Release
Mr. Michael McCormick reports
Pure Gold Minerals has entered into an agreement with Sanfred Resources
whereby Pure Gold can earn a 30 per cent interest in Sanfred's Beniah Lake
property by spending $100,000 on exploration and issuing 100,000 shares. To
earn an additional 20 per cent, Pure Gold may spend a further $100,000 and
issue an additional 100,000 shares. The property is subject to a 3 per cent
gross overriding royalty in favour of Sanfred and partners of which 1.5 per
cent can be purchased for $1-million.
The Beniah Lake property is contiguous to the Winspear Resources Camsell
Lake and Hilltop properties.
Pure Gold plans to begin a bulk heavy mineral till sampling program
coincidental with an airborne magnetic-electromagnetic survey over
developed areas of interest on the Beniah Lake project and will continue
with a followup program on the ZL claims recently acquired from Cypango
Ventures.
Pure Gold's interest is subject to a regional Salve joint venture, whereby
Pure Gold (24 per cent) and Ashton Mining of Canada (75 per cent) have a
general agreement covering participation programs in the Slave province.
Ashton has been informed of the venture and has the right to elect to
participate.