ASHBURTON VENTURES EVALUATES RESULTS OF GEOPHYSICAL WORK COMPLETED ON THE CHUKUNI PROPERTY IN RED LAKE, ONTARIO
September 29, 2009
, VANCOUVER, B.C.
â€“ ASHBURTON VENTURES INC.
(â€œAshburtonâ€ or the “Companyâ€)
announces that results
from the Induced Polarization survey have now been received by their consultant
for the Chukuni Property in Red Lake, Ontario. Compilation of the data has identified five potential
drill targets based on coincident chargeability/resistivity anomalies. The potential targets include chargeable/resistive
zones in the interpreted fold nose of the Howey Diorite, the Diorite/Mafic
Volcanic contact plus sulphide bearing zones within the Mafic Volcanic unit to
the north of the Howey intrusive.
A follow up work program is now underway to
prioritize the targets via prospecting over the geophysical anomalies. Where outcrop is lacking soil sampling will
be undertaken to evaluate the anomalies.
property lies 3.5 km south of Goldcorpâ€™s Red Lake-Campbell Mine Complex, currently
one of Canadaâ€™s largest and richest Archean gold deposits. Goldcorpâ€™s Red
Lake-Campbell Mine Complex produced 629,000 ounces of gold in 2008.
Ventures Inc. has an option agreement with Solitaire Minerals Corp (SLT-TSX:V)
to acquire a 60% interest in the Chukuni Property consisting of 3 claims,
covering 2,035 acres in the Red Lake Mining District of Ontario.
Mr. Andrew Tims,
P.Geo will be operating as the Company’s qualified person under National
Instrument 43-101. Mr. Andrew Tims has reviewed the technical content of this
news release and confirms its accuracy. Mr. Andrew Tims is independent of the
wishes to correct details in it press release dated August 20th,
2009. The release stated Finders’ fees consisting of 30,000 broker warrants and
$30,000 in cash was paid when the actual amount should have read 300,000 broker
warrants and $30,000 cash was paid in relation to its $300,000 private
placement it had closed on that date.
Ventures is a junior exploration company actively seeking mineral and energy
opportunities for the benefit of all its stakeholders.
ON BEHALF OF
For further information
Telephone: (604) 683-3995
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of