ASHBURTON ANNOUNCES UP TO 1,180 G/T GOLD FROM ONGOING UPPER VEIN ROCK SAMPLES AT DEEP CREEK, NEVADA

ASHBURTON ANNOUNCES UP TO 1,180 G/T GOLD FROM ONGOING UPPER VEIN ROCK SAMPLES AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



October 14, 2010, VANCOUVER, B.C.



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

announces
further results from samples taken along the Upper Vein area of its
Deep Creek Project (see PR dated October 5, 2010) located 112 kilometres
north of Elko, Nevada. The latest bulk grab samples on the Upper Vein
have produced results of up to 1,180 g/t gold as seen in the table
below. In addition to samples taken along the main vein, a

1.5 m channel
sample of the McCoy Creek Group

of country rock perpendicular to the Upper Vein returned a value of 10.8 g/t gold. 


During
the course of this latest field program it has been determined that the
Upper Vein extends beyond the previously reported 400 meters (1,300
feet) by approximately 240 meters (800 feet) further south for a total
of approximately 640 meters (2,100 feet). In addition, quartz vein float
samples from above the Upper Vein have also been found to be bearing
visible gold and indicate that rather than being a single vein, the
Upper Vein area of Deep Creek is actually a stockwork of veins found in a
zone of limonitic quartz stockwork and breccias hosted in the
Precambrian McCoy Group metasediments.

A team of
Company geologists have also completed an additional round of bedrock
sampling along the Upper Vein area of Deep Creek. Bedrock samples were
collected as composite chips over an area measuring from 0.45 meters
(1.5 feet) to 0.91 meters (3 feet) in length and 0.15 feet (0.5 feet) to
0.30 meters (1 foot) in width along lines spaced approximately 20
meters (65 feet) apart. The sample lines, perpendicular to the strike of
the upper vein, covered a distance of approx 80 meters to the north of
the outcrop which marks the start of the Upper Vein.

Results are pending.  

Additional ground has now been staked.

In
addition to gold values, a random check for silver on one sample yielded
828 g/t Ag which has now lead the Company to begin a re-assaying
program on previous samples for further evaluation of potential silver
content.

Latest round of assays from the Upper Vein include these highlights to date:

  • 1,180 g/t gold and 828 g/t silver from a 2.37 kilogram vein chip sample
  • 355 g/t gold from a 1.04 kilogram vein chip sample
  • 16.75 g/t gold from a 0.97 kilogram vein chip sample

A summary of bulk grab samples plus one channel sample reported to date is provided below:


Metres From Southern Outcrop


Sample Weight, kg


Au content, g/t


Sample Description

0

1.04

355

vein chip sample, with visible gold

0

2.54

10.8

1.5 m channel sample of country rock perpendicular to above sample

9

1.78

1,180

vein chip sample on a splay 12 metres east of the Upper Vein

30

3.19

56.3

vein chip sample, with visible gold

34

2.37

94.3

vein chip sample, with visible gold

49

3.01

7.03

vein chip sample,  no visible gold

52

2.47

9.79

vein chip sample,  no visible gold

55

2.35

2.91

vein chip sample,  no visible gold

70

2.10

40.1

rock chip material with no visible gold

405

0.97

16.75

vein chip sample, with visible gold

Further
sampling of the Upper Vein area is underway. Investors should note that
sampling in the Upper Vein area has been undertaken with care to collect
unbiased representative samples, but samples containing coarse gold
should be considered to have an inherent nugget effect.

President
Mike England states “These recent samples further demonstrate the
significant potential of the Upper Vein area and how it could greatly
enhance what we already have in the Range Front Structure.”

The Range Front Structure

The Range
Front Structure is located roughly 450 meters west of the Upper Vein.
Drilling on the Range Front Structure will be better guided in phase 2
once all the new data obtained in a deal from Newmont Mining Corp (see
PR dated Sept 7, 2010) has been sufficiently analyzed. At that time the
Company will undertake to confirm historical drilling in which a
historical resource of 70,000 ounces of gold in 1.1 million tons, and a
historical reserve of 477,000 ounces in 7.5 million tons was estimated.
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.

A
location map is attached showing the rough location of the Upper Vein
area in relation to the Range Front Structure. All rock and drill core
samples are being prepared and analyzed for gold by ALS Chemex
Laboratories, North Vancouver,  British Columbia, using the fire assay
protocols AU-AA24, Au-AA25, and Au-GRA22 that provide detection ranges
of 0.005-10, 0.01-100 and 0.05-1000 ppm gold, respectively.

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.

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