Monthly Archives :

April 2010

ASHBURTON COMPLETES DRILLING AT RED LAKE

ASHBURTON COMPLETES DRILLING AT RED LAKE 150 150 Progressive Planet Inc.






April 28th,
2010, VANCOUVER, B.C.




– ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or
the “Company”)


reports
that the assay results have been received from the 1,006 m diamond drill
program completed in March, 2010 on the Chukuni property in Red Lake,
Ontario.  While the drill program was a
technical success in explaining the source of the IP anomalies as above average
sulphide concentrations the program did not encounter significant gold values.

Drill hole CH10-04 did
encounter anomalous Pyrite-Chalcopyrite mineralization in the form of stringers
and disseminations in a weak discontinuous alteration envelope of chlorite and
staurolite over a core length of 95 m. 

Ashburton Ventures Inc. has an
option agreement with Solitaire Minerals Corp (SLT-TSX:V) to acquire a 60%
interest in the Chukuni Property. Mr. Andrew Tims, P.Geo has operated 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 Company.

Ashburton Ventures is a junior exploration company
actively seeking mineral and energy opportunities for the benefit of all its
stakeholders. For more information please visit the Company’s website located
at www.ashburtonventures.com.

ON BEHALF OF THE
BOARD

Michael England,
President


For
further information contact:

Telephone: (604) 683-3995








ASHBURTON ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

ASHBURTON ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT 150 150 Progressive Planet Inc.





April 12, 2010, VANCOUVER,
B.C.



– ASHBURTON VENTURES INC.
(“Ashburton” or the “Company”)

(ABR-TSX:V) is pleased
to announce the closing of its private placement (the
“Private Placement”) announced in a news release dated March 22, 2010.
Pursuant to the Private Placement, the Company issued
9,646,667units
(the

“Units”)
at a price of $0.06 per Unit for gross proceeds of $578,800.  Each Unit is comprised of one common share (a
“Share”) of the Company and one common share purchase warrant (a
“Warrant”). Each Warrant will entitle the holder to purchase one
Share of the Company for a period of two years from the date of issuance at a
price of $0.10 per Share.

 

Finders fees
consisting of 795,000 broker warrants (the “Broker Warrants”) and $47,700
in cash were paid in accordance with the policies of the TSX Venture Exchange.
Each Broker Warrant will

entitle the holder to purchase one Share of the Company for a period of two
years from the date of issuance at a price of $0.10 per Share.


All securities issued pursuant to
the private placement are subject to a hold period expiring on August 1,
2010.

Ashburton
Ventures Inc. is a recently listed junior exploration company whose mission is
to acquire highly prospective base and precious metal properties for the
benefit of its stakeholders. The Company’s website can be viewed at www.ashburtonventures.com.


 

ON BEHALF OF THE BOARD

 




                                                           


Michael England, CEO and Director

 

FOR FURTHER
INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770


 



Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.













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