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

To: Jesse who wrote (7270)	4/28/1999 10:25:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

Agree Jesse, the market is slow to react to this news, which is really good compare to the past. As we all know, in the past, stock went up on rumors and dropped on news. Now, everyone is reading the NR and saying, gee, there still is a really 'good chance' that we find a commercial pipe near K14. I think the stock will start reacting soon. Bet you there are people who are just waiting for rally indicators. regards Fast Frank

To: Jesse who wrote (7270)	4/28/1999 10:26:00 AM
From: JP	Respond to of 7966

Reclamation was JVed with PUG up by Lake Athabaska as well. Just North of the Lake to the East of the Park. Maybe something is happening up there. If all the diamonds went down river -that is where they should have ended up. JP

To: Jesse who wrote (7270)	4/29/1999 4:38:00 PM
From: Famularo	Respond to of 7966

Ashton Mining of Canada Inc. (ACA : TSE : $1.16) HOLD 52-week price range: $4.15-0.85 Shares O/S: fully diluted 27.9M Major shareholder: Ashton Mining, 62% Working capital (Jun. 30/98): $13M Market capitalization: $32.4M Yesterday, Ashton Mining of Canada reported results from four kimberlites discovered in the 1999 winter exploration program in north-central Alberta. The results are from single hole intersections into four kimberlites, and we have combined the results from Ashton's North Vancouver lab with those from the parent Ashton Mining's lab in Perth. The release also notes that BH-225 has a coincident magnetic anomaly of approximately 125 m x 100 m and is near the K-14 kimberlite complex, with further work contemplated. Ashton and its joint venture partners, AEC and Pure Gold Minerals, have discovered over 30 kimberlites in just over two years of exploration. Results to date have not been very encouraging: two more pipes, BH-229 and BM-16, have yet to be reported macro/micro diamond content-analysis pending. If indeed the Alberta diamond search is deemed unsuccessful, it may be a matter of years before one can explain the number of pipes found and the paucity of diamonds. Ashton has conducted a professional exploration approach to the Alberta Buffalo Hills diamond play and considering the financial health of its parent, Ashton Mining Limited (Daily Letter April 13, 1999), the Company seems likely to persevere. We call ACA a HOLD here.