Monthly Archives :

September 2010

ASHBURTON REPORTS LITHIUM ASSAY RESULTS FROM SEDIMENT SAMPLING, TEELS MARSH NEVADA

ASHBURTON REPORTS LITHIUM ASSAY RESULTS FROM SEDIMENT SAMPLING, TEELS MARSH NEVADA 150 150 Progressive Planet Inc.



September 21, 2010, VANCOUVER,
B.C.




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


is pleased to announce assay results of
playa sediment samples collected at the Teels Marsh Project, Mineral County,
Nevada, have revealed highly anomalous lithium values ranging from 55.7 to 298
parts per million (ppm).  Results show stronger values near the western and
eastern edges of the playa, possibly indicating concentration due to upwelling
brines at the contact between more permeable alluvium and less permeable playa
silts and evaporates.

The
company has an option with First Lithium Resources (MCI-TSX:V) whereby First
Lithium can earn up to an 80% interest in the Teels Marsh project (see news
release February 25, 2010
), with First Lithium as operator of the project.

Surface lithium values are consistent
with those reported by the USGS from drilling in the Clayton Valley lithium
brine field (OFR 82-415), North America’s only current producer.

Samples were collected about 0.5 meters
below the salt crust in damp to water saturated fine grained sediment.  Samples
were air dried and sieved to -80 mesh by ALS Chemex at their Winnemucca, Nevada
sample preparation facility.  The samples were analyzed by Chemex using an
Inductively Coupled Plasma – Mass Spectrometer technique following a four-acid
“near total” digestion method.

Exploration at the Teels Marsh project
is ongoing. The results of the surface sampling will assist in determining the
Company’s best course for future action.  Options include geophysical
methods to locate potential brine traps, additional geochemical methods to
identify zones of brine upwelling, and/or the drilling of a test well.

The analysis of the samples was
supervised by First Lithium’s Nevada based consulting geologist Alan J.
Morris (CPG #10550) a Qualified Person as defined by NI 43-101.  Mr. Morris has
approved the technical information contained in this report. 

Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. For more information 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






Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves
inherent risk and uncertainty affecting the business of Ashburton Ventures Inc.
Actual results may differ materially from those currently anticipated in such
statements. Neither the 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.


UPDATE ON SUMMER PROGRAM AT DEEP CREEK, NEVADA

UPDATE ON SUMMER PROGRAM AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



September 14,
2010, VANCOUVER, B.C.




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


is pleased to provide
an update on its summer exploration program at the Deep Creek Project, located
112 kilometers north of Elko, Nevada. The company recently completed an
agreement with Newmont Mining Corporation (NEM-TSX),
whereby Newmont provided their historical data pertaining to the Deep Creek
Property in exchange for a 0.5% NSR (see news
release September 7, 2010
).

The new drilling
by Ashburton has confirmed that gold mineralization within the range front
structure is at approximately the same meterage intervals, with similar grades,
as the historical data. Ashburton drill hole DC-10-C-2 has been only
partially assayed but has a gold intercept of 1.03 g/t from 70-73 meters, and
drill hole DC-10-C-4 intercepted 1.46 g/t gold from 104-105 meters. The nearest
historic drill hole (M88-3C) reported an average of 3.70 g/t gold from 105-123
meters (0.11 oz/ton over 70 feet).

Additional gold intercepts in Ashburton hole
DC-10-C-4 include 3.92 g/t

from 67-69 meters
, and 2.01 g/t
from 75-76 meters.

Four holes have been drilled, with core
undergoing assay at ALS Chemex Laboratories. Less than half the core has been
assayed to date. A fifth drill hole on the range front structure is presently
being completed at the property, after which the company will halt drilling
while it receives and interprets the remaining drill core assays, and
assimilates the historical data provided by Newmont. Review of all data will be
carried out with the objective of defining mineralization on the property
according to modern-day regulations.

 

All holes were drilled at roughly 45
degrees inclination to match historic drilling, such that drill intercepts
would be roughly perpendicular to the range front structure that is the primary
host for gold mineralization. Drilling at this inclination parallels the
apparent bedding in altered sedimentary and igneous rocks adjacent to the range
front structure, meaning that all rock types are not completely sampled. As the
sedimentary and igneous rocks represent a larger, low grade gold mineralization
target (see news release March 16, 2010), drilling to focus on this
target will be included in future programs.

Prospecting along the range front
structure is also continuing upslope from the drilling activity, where recent
vein outcrop sampling generated a result of 40.1 g/t gold (1.17 oz/ton) in a
2.1 kg sample. Several veins with visible gold outcrop in this upper area, and
detailed mapping and assaying is underway to determine their thickness and
strike extent.

The Deep Creek Property consists
of claims covering over 648 hectares (1,600 acres), and is 56 kilometers
northeast of the Newmont-owned Midas mine in the prolific Carlin gold trend.
Formerly called Millionaria, Deep Creek was explored initially in the mid-1980’s,
and drilling that followed produced an estimated reserve of 477,000 ounces of
gold in 7.5 million tons, and resource of 70,000 ounces of gold in 1.1 million
tons (see news release March 11, 2010). Both the reserve and resource
estimates are historical, and a qualified person has not done sufficient work
to classify either the historical reserve or the historical resource estimate
as current mineral resources, therefore these historical reserves should not be
relied on and do not have currently demonstrated economic viability.

The technical contents of this
release were approved by Ashburton director and qualified person as defined by
National Instrument 43-101, Dr. Tom McCandless, P.Geo.

Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. For more information 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

Forward-Looking Statement:
Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Ashburton
Ventures Inc. Actual results may differ materially from those currently
anticipated in such statements. Neither the 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.

Ashburton Ventures Inc.: Newmont Provides Historical Data for Deep Creek

Ashburton Ventures Inc.: Newmont Provides Historical Data for Deep Creek 150 150 Progressive Planet Inc.






September 7,
2010, VANCOUVER, B.C.




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


is pleased to announce
it has completed an agreement with Newmont Mining Corporation (NEM-TSX), whereby Newmont will provide
historical data pertaining to Ashburton’s Deep Creek Property in northern
Nevada. In exchange for this provision, Newmont has a Right of First Refusal
whereby, should an offer be made by a third party to joint venture or otherwise
purchase the Deep Creek project, or the Company itself, Newmont may match that
offer. Additionally, Newmont will retain a one-half percent (0.5%) NSR at Deep
Creek in the event that a mine is put into production on the property.


                                                                                   

Formerly
called Millionaria, the Deep Creek property was explored initially by Franco-Nevada
in the mid-1980’s, when two large geochemical anomalies were found to contain
visible gold in grab samples. Drilling that followed produced an estimated
reserve of 477,000 ounces of gold in 7.5 million tons, and resource of 70,000
ounces of gold in 1.1 million tons (see
News Release March 11, 2010
). Both the reserve and resource estimates are
historical, and a qualified person has not done sufficient work to classify
either the historical reserve or the historical resource estimate as current
mineral resources, therefore these historical reserves should not be relied on
and do not have currently demonstrated economic viability.

In
its present program, Ashburton implemented the drilling of six to ten core
holes positioned as close as possible to historic drill results already in the
possession of the Company (see News
Release March 11, 2010
). The more comprehensive historical data provided by
Newmont will be reviewed along with new drilling results acquired by Ashburton
in its present program, with the objective of developing a resource model that
meets National Instrument 43-101 requirements. The Company has completed four
core holes to date, with assay results anticipated in the coming weeks.

Deep
Creek consists of contiguous claims covering roughly 648 hectares (1,600 acres)
located approximately 112 kilometers north of Elko, Nevada and 56 kilometers
northeast of the Newmont-owned Midas mine in the prolific Carlin gold trend.

The
technical contents of this release were approved by Ashburton director and
qualified person as defined by National Instrument 43-101, Dr. Tom McCandless,
P.Geo. The property has not been the subject of a National Instrument 43-101
report, and Dr. McCandless has not verified the technical data disclosed in
this release.

Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. For more information 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










Forward-Looking Statement:
Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Ashburton
Ventures Inc. Actual results may differ materially from those currently
anticipated in such statements. Neither the 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.


error: