Yearly Archives :

2011

ASHBURTON SIGNS LETTER OF INTENT FOR THE GOLDEN EDGE PROPERTY AND BEGINS DISCUSSION FOR STRATEGIC ALLIANCE WITH PREMIER GOLD MINES

ASHBURTON SIGNS LETTER OF INTENT FOR THE GOLDEN EDGE PROPERTY AND BEGINS DISCUSSION FOR STRATEGIC ALLIANCE WITH PREMIER GOLD MINES 150 150 Progressive Planet Inc.



November 2nd, 2011, VANCOUVER, B.C.



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


reports
that it has signed a letter of intent (LOI) with Premier Gold Mines Limited (PG-TSX;
‘Premier’) to option the Golden Edge property, located 50 kilometers (31 miles)
east of Winnemucca, Nevada. Premier and Ashburton have also entered into
discussions regarding additional opportunities to work together in advancing
certain prospective Premier projects and assessing additional opportunities
that could be beneficial to both companies.


The
Golden Edge property is positioned in the Battle Mountain-Eureka trend, roughly
26 kilometers south of the Turquoise Hill Mine (operated by Barrick Gold
Corporation) and eight kilometers north of the Lone Tree Mine (operated by
Newmont Mining Corporation). The Battle Mountain Eureka trend is a linear
feature defined by the presence of gold and silver deposits that includes a
number of operating mines. Many of the deposits are associated with the main
structure and with areas of intersecting structures. The Lone Tree Mine is
associated with a north-south fracture zone called the Valmy Fault Zone, which
is about 90 metres wide and can be identified in regional aeromagnetic surveys.
The Valmy Fault Zone extends northward and intersects the western parts of the
Golden Edge property. Previous work on or near to the property includes CSAMT,
reflection seismic, and soil geochemical surveys, and roughly 1,700 meters of
drilling distributed over six RC drill holes. As part of the year one work
commitment, this data will be reviewed with the intent of identifying areas for
drilling with a focus on the Valmy Fault Zone.

Subject
to approval, Ashburton will have the right to purchase a 50% interest in the
project and to establish a 50%-50% joint venture agreement between the Company
and Premier through payment of $20,000 upon signing of the agreement, with
additional payments and exploration totalling $3.13 million by the end of year
three of the agreement. Ashburton shall have up to 60 days from the date of
signing the LOI to perform due diligence on the property.

The
Company has also entered into discussions with Premier, whereby Ashburton would
assist Premier in assessing new gold exploration opportunities in North America as identified by Premier, or independently
identified by Ashburton. Funding for the arrangement would be raised either
partially through additional Ashburton share purchases by Premier, or through
independent financing by Ashburton. Identified projects would become subject to
earn-in style Option and/or Joint Venture Agreements between the Companies.

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

Premier
Gold Mines Limited is one of North America’s leading exploration companies with
a high-quality pipeline of projects focused in proven, safe and accessible
mining jurisdictions in Canada and the United States. The Company’s portfolio includes
significant assets in world class gold mining districts such as Red Lake, Musselwhite
and Geraldton in Ontario and the Carlin Trend
in Nevada.

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

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 EXTENDS THE 2011 DRILLING PROGRAM AT DEEP CREEK, NEVADA

ASHBURTON EXTENDS THE 2011 DRILLING PROGRAM AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



October 20th, 2011, VANCOUVER, B.C.



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


reports
that the drilling program at its Deep Creek Project, located 112 kilometers
north of Elko, Nevada has been extended.

Over
3,000 meters of drilling has been completed on the property, with all core
split and submitted for assay with results expected in the coming weeks. Based
on features observed in the core to date, an additional drill hole at Catscat Canyon was approved and is presently
underway. Catscat
Canyon was the focus of drilling
by Ashburton in 2010, where several plus-one meter intercepts of roughly one
gram per tonne gold assays were demonstrated (see news release, January 18th, 2010).  All of


the core samples are prepped for gold assay at the ALS Chemex Laboratories in Elko, Nevada and analyzed
at their facilities in North Vancouver,
B.C.


An
additional target is also being considered for drilling, following a review of
historical data obtained through an agreement with Newmont Mining Corp. (NYSE:NEM,
see news release September 7th,
2010
). The Hobbit target is located two kilometers south of Catscat Canyon, on the southern projection of
the Range Front Structure. The historical data indicate that drilling was
conducted immediately west of the Hobbit target area, to test a resistivity
anomaly identified in 1986 by Kennecott Exploration. The Hobbit target includes
outcrops on the Range Front Structure east of the resistivity anomaly that were
not tested through drilling. In the late 1980`s, Franco-Nevada geologists
obtained an average of 284 ppb gold from 35 rock grab samples collected across 1,000
meters of these outcrops. Ashburton has investigated and sampled the outcrops
and has permitted seven locations for drilling, all of which have been
approved.

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

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

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 RECEIVES ASSAYS FOR DRILLING PROGRAM AT DEEP CREEK, NEVADA

ASHBURTON RECEIVES ASSAYS FOR DRILLING PROGRAM AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



August 17th, 2011, VANCOUVER, B.C.



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


reports
that the drilling program at its Deep Creek Project, located 112 kilometers
north of Elko, Nevada is nearly complete. Twenty-seven core holes were drilled
in the present program, for a total of 3,178 meters (10,427 feet).

Roughly
57% of the core has been cut and submitted for assay, with results for 20% of
the core received to date. Highlights of the drilling include partial results
for drill hole DC-11-C-5, which intersected an average of 3.67 grams per tonne
gold over six meters in the Waterfall Vein Area. Drilling in the Upper Vein
Area encountered of 2.54 grams per tonne gold over 1.5 meters in drill hole
DC-11-C-10, and 6.94 grams per tonne gold over 1.2 meters in drill hole
DC-11-C-13. A summary of highlights to date is provided in the table below.

 


Drill Hole


Au, g/tonne


From, meters


To, meters


Interval, meters

DC-11-C-5

9.74

11

12.2

1.2

DC-11-C-5

3.67

17

23.2

6.2


including

14.10

22

23.2

1.2

DC-11-C-10

2.54

22.9

24.4

1.5


including

4.47

24

24.3

0.3

DC-11-C-13

6.94

63.4

64.6

1.2

 

 

In
both the Waterfall Vein and Upper Vein Areas, the anomalous intervals are
associated with breccias in variably silicified limestones of the Proterozoic
McCoy Group. It is believed that the mineralization is contained within the
breccias, whose true dimensions will not be known until further drilling
results are received.

All
core has been cut using saws located on site in Nevada
and at a facility located in Pleasant Grove, Utah, with half of the HQ core submitted for treatment at
the ALS Chemex Laboratories in Elko, Nevada, and North
Vancouver, British Columbia.
The samples have been assayed for gold using the Au-AA24 protocol (0.005-10
part per million gold detection range), with overlimit values re-assayed using
the Au-GRA22 protocol (0.05-1,000 part per million gold detection range). A
certified standard was submitted for assay along with the core.

A
complete summary and interpretation of results will be developed as additional
assays are received over the coming weeks. 

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

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

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 TO START WORK IN THE YUKON

ASHBURTON TO START WORK IN THE YUKON 150 150 Progressive Planet Inc.




June
22nd, 2011, VANCOUVER, B.C.




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


is pleased to announce that the 2011
work program has been established and mobilization to the site will begin prior
to July 1st, 2011. The White Gold property is situated north of and
immediately contiguous with the “Golden Saddle” claim groups where Underworld
Resources had their new gold discoveries in 2009. This property area was then
acquired by Kinross Gold Corp in early 2010.



The
area of the White Gold Property was soil sampled in 2009 and the results from
this sampling campaign have highlighted a significant gold, copper, zinc and
arsenic northwest-southeast trend that extends across the Ashburton claims to
the boundary of the Kinross White Gold claims. The 2011 White Gold property
exploration includes trenching with detailed mapping and sampling followed by a
selective drill program.



UTM
Exploration Services Ltd. of Smithers, BC has been contracted to provide
exploration support and geological services for White Gold.


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

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

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 UPDATE ON DRILLING PROGRAM AT DEEP CREEK, NEVADA

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



May 20th, 2011, VANCOUVER, B.C.



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


reports
that the drilling program at its Deep Creek Project, located 112 kilometres
north of Elko, Nevada is proceeding very well.

Six drill
holes were collared in the Waterfall Vein Area to test the sub crop and down dip
extent of the Waterfall and 13-5 veins, and to test for mineralization between
the veins and the Range Front Structure to the west,

with a total of 900 meters (2,954
feet) of core recovered

(>95% recovery).
Intervals of veining and brecciation have been
intersected in all of the holes, and the core is being cut and prepped for gold
assay at the ALS Chemex Laboratories in North
Vancouver, B.C.


The
drill has now been moved to begin a series of holes to test the extent of high
grade gold veins discovered last fall in the Upper Vein area (see news release October 14, 2010).

During
pad preparation, the Upper Vein was intersected, with up to a meter thickness of
continuous quartz veining, and an additional two meters of stockwork veining. A
few tons of the vein material and adjacent country rock were collected and stockpiled
on one of the pads. Visible gold was commonly noted in the vein material during
separation of the vein and country rock.

Pictures
of the vein exposure activity can be viewed at

www.ashburtonventures.com

.

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

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

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 BEGINS DRILLING PROGRAM AT DEEP CREEK, NEVADA

ASHBURTON BEGINS DRILLING PROGRAM AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



April 19th, 2011, VANCOUVER, B.C.



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

is
pleased to announce that the drilling program has commenced at its Deep
Creek Project, located 112 kilometres north of Elko, Nevada. Rocky Peak
Drilling (Twin Falls, Idaho) has been engaged to drill up to sixteen
core holes for a total of 2,900 meters (9,600 ft.). The objectives of
the program are to locate additional zones of gold mineralization
southward along the Range Front Structure, and to test the extent of
high grade gold veins in the Upper Vein and Waterfall Vein areas.

The
2011 work program at Deep Creek began several weeks ago, and in spite
of late heavy snows the road and drill pad construction is nearly
complete. The remaining construction will be undertaken while drilling
begins at lower elevations along the Range Front Structure, where zones
of potentially greater hydrothermal alteration have been identified
through structure cell mapping (see news release, March 3, 2011).
As weather improves, drilling will move to the Upper Vein and Waterfall
Vein Areas, to test for extension of the known veins at depth and under
Tertiary volcanics to the southeast, and for additional veins not seen
at surface but suggested to exist by the presence of gold-bearing float
above the known veins. With over 640 meters of strike length, only 200
meters of the Upper Vein has been sampled continuously on surface, with
35 meters of length consistently over 10 g/t of gold to date. Sampling
is still early stage at the recently discovered Waterfall Vein, with a
length of 200 meters but only three samples collected to date, with two
assaying at 25.5 and 20.5 g/t Au. The ‘Thirteen-Five’ vein located 60
meters west of the Waterfall Vein is of undetermined length has only one
assay of 13.5 g/t Au collected to date (see news release, January 18, 2011).

Drilling
will be accomplished through the use of an EF-50 skid mounted drill,
operating two, twelve (12-hour) shifts per day. To expedite assay
results, core logging and splitting will be undertaken on-site, with
sample splits delivered to the ALS-Chemex Laboratories in Elko, Nevada.
The drilling campaign is anticipated to take 60-90 days to complete.

Exploration
on the property is also ramping up as the snow recedes, with a primary
focus on an area north-northeast of the present drilling program, where
historical soil and rock assays returned values up to 1.71 ppm Au and
4.66 ppm Au, respectively.

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

Ashburton
Ventures is a junior exploration company actively seeking mineral
opportunities for the benefit of all its stakeholders. More information
on the Deep Creek project can be found 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 BEGINS 2011 WORK PROGRAM AT DEEP CREEK, NEVADA

ASHBURTON BEGINS 2011 WORK PROGRAM AT DEEP CREEK, NEVADA 150 150 Progressive Planet Inc.



March 8th, 2011, VANCOUVER, B.C.



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


is
pleased to announce that the 2011 work program has begun for its Deep Creek
Project, located 112 kilometres north of Elko, Nevada. The $1.4M budget
includes expansion of the claim position, detailed structural mapping, airborne
geophysics, and drilling sixteen core holes for a total of 2,900 meters (9,600
ft.). The objectives of the program are to locate additional zones of gold
mineralization southward along the Range Front Structure, and to test the depth
extent of high grade gold veins in the Upper Vein and Waterfall Vein areas (see news release, January 18, 2010).

Claim
staking activities were conducted in February to cover additional areas of
interest that were identified through review of historical data, and have now
been concluded. A total of 150 claims have been staked, bringing the total land
position to roughly 1,214 contiguous hectares (~3,000 acres).

Additional
structure cell mapping was also conducted in February, though outcrop exposure was
limited by variable snow cover. Structure cell mapping was implemented to
identify areas along the Range Front Structure where greater zones of
hydrothermal alteration may be encountered, as well as areas where the structure
may intersect the gold-bearing veins to the east. The Range Front Structure has
received the bulk of historical drilling on the property, with 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 (at a weighted average grade 0.06 ounces per
ton with a 0.02 ounce per ton cutoff). 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 (see news release, January 18, 2010).

Surface
outcrop sampling continues for the Upper Vein and Waterfall Vein areas, to
assess the gold carrying capacity of the veins along strike. With over 640
meters of strike length, only 200 meters of the Upper Vein has been sampled continuously
on surface, with 35 meters of length consistently over 10 g/t of gold to date. Sampling
is still early stage at the recently discovered Waterfall Vein, with a length
of 200 meters but only three samples collected to date, with two assaying at
25.5 and 20.5 g/t Au. The ‘Thirteen-Five’ vein located 60 meters west of the
Waterfall Vein is of undetermined length has only one assay of 13.5 g/t Au collected
to date (see news release, January 18,
2011
).

Permitting
for road and pad construction for the drilling program has been filed with the
BLM, with 16 core drill holes planned for a total of 2,900 meters (~9,600 ft). In
addition to the Range Front Structure, drilling for 2011 will emphasize the
Upper Vein and Waterfall Vein Areas, proving out the known veins at depth, and
testing for additional veins not seen at surface including potential
northeast-trending structures. Drilling will also test for the extension of the
vein systems beneath Tertiary volcanics to the southeast. Bids from several
drilling companies are being received with drilling to start early in Q2, or
sooner if weather permits.

Bids
have also been received for an airborne magnetic/electromagnetic survey of the
property. Roughly 1,600 line kilometers are planned, with the objective to
identify regional structures, lithologic contacts, and areas of alteration and
mineralization beneath volcanics and alluvial cover.

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

Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. More information on the Deep Creek
project can be found 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 SETS OPTIONS

ASHBURTON SETS OPTIONS 150 150 Progressive Planet Inc.



February
9th, 2011, VANCOUVER, B.C.




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


announces
it has granted a total of up to 950,000 stock options to directors,
officers, employees and consultants of the company, exercisable at a price of $0.20
per share for a period of five years from the date of grant.

The options have been granted in
accordance with the company’s stock option plan.

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

ON BEHALF OF THE BOARD
Michael England, President


For further
information contact:


Telephone:
(604) 683-3995









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 RECEIVES ADDITIONAL HIGH GOLD ASSAYS UP TO 148 G/T FOR THE DEEP CREEK GOLD PROJECT, NEVADA

ASHBURTON RECEIVES ADDITIONAL HIGH GOLD ASSAYS UP TO 148 G/T FOR THE DEEP CREEK GOLD PROJECT, NEVADA 150 150 Progressive Planet Inc.



January 20th, 2011, VANCOUVER, B.C.



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


is
pleased to provide additional assays for its Deep Creek Project located 112
kilometres north of Elko, Nevada. New samples from the Upper Vein have assayed
148 g/t and 68.4 g/t gold, which extend the higher gold content zone (>10
g/t Au) five meters southward along strike, for a total extent of 35 meters.
Considered with previous assays, the results indicate continuity in gold
content along select portions of both veins that will be targeted for follow-up
sampling and drilling in the 2011 exploration program. The Waterfall Vein, with
an outcrop length of over 200 meters, has returned a second assay of 25.5 g/t
Au, which with a previous assay of 20.5 g/t Au extends the higher gold content
zone to roughly three meters along strike.


Upper
Vein Area


The Upper Vein Area is located 700 meters
north of the Waterfall Vein, with a north-northwest strike length of over 640
meters. Several previous assays of the Waterfall Vein indicate a high gold
content zone (>10 g/t Au) of roughly 30 meters. Two new vein samples have
assayed at 148 g/t and 68.4 g/t gold, and extend the high gold zone five meters
southward for a total extent of 35 meters. Three samples of breccia located 375
meters north of the higher gold content zone and offset on north-south
structures assayed at 0.10-0.19 g/t Au.


Waterfall
Vein Area


The
Waterfall Vein system strikes north-northwest with an approximate length of
roughly 200 meters (see news release,
January 18th, 2011
). A previous sample of the Waterfall Vein assayed
at 20.5 grams per tonne gold over a 0.5 meter interval, and a new sample
collected three meters north along the vein has assayed at 25.5 g/t Au over a
1.5 meter width. Together, the samples define a strike length of roughly three
meters for higher gold content (>10 g/t Au) in the Waterfall Vein. Two
samples of breccia located 80 meters north and offset from the Waterfall vein
were also assayed at 0.37 and 0.44 g/t gold.

Assays
for the Upper Vein and Waterfall Vein areas are summarized in the table below,
and images of their distribution can be viewed at the Ashburton website

www.ashburtonventures.com

.


Assays from the Upper
Vein and Waterfall Vein Areas.



       


 


Au, g/t


Ag,g/t


Sample Wt. kg


Approx. Width, meters


Upper
Vein Area




New Results

 

 

 

 

vein

148

207

2.17

0.5

vein

68.4

44.1

3.18

0.5

breccia

0.10

1.4

2.71

nd

breccia

0.11

3.1

2.24

nd

breccia

0.19

<0.7

2.25

nd


Previously
Reported

 

 

 

 

vein splays

1180

828

1.78

<1

vein

355

249

1.04

0.2

vein

94.3

123.5

2.37

0.2

vein

56.3

38.4

3.19

0.15

vein

47.9

18.8

3.04

1

vein

42.5

13.2

2.34

1.2

vein

40.1

38.3

2.10

0.6

vein

16.8

30.2

0.97

0.2

vein

9.79

7.6

2.47

0.4

vein

7.03

5.5

3.01

0.4

vein

2.91

6.4

2.35

0.4

stockwork

0.94

1.7

6.34

0.9


Waterfall Vein Area



New
Results

 

 

 

 

vein

25.5

11.7

4.09

1.5

vein

0.13

0.80

3.35

0.5

breccia

0.37

<0.7

2.83

0.5

breccia

0.44

1.80

2.65

0.5


Previously
Reported

 

 

 

 

vein

20.5

15

2.98

0.5

vein

13.5

na

2.35

0.5

vein+CR

0.28

<0.7

3.19

1.5


NOTE:

Where possible, samples were chiseled from exposures to their
contact with country rock, and along strike to obtain a sample weight
exceeding 1.5 kg.  na = not analyzed.
nd = not determined. CR = country rock

 

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

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

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 PROVIDES UPDATE FOR THE DEEP CREEK GOLD PROJECT, NEVADA

ASHBURTON PROVIDES UPDATE FOR THE DEEP CREEK GOLD PROJECT, NEVADA 150 150 Progressive Planet Inc.



January
18th, 2011, VANCOUVER, B.C.




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

is pleased to provide an update of activities for its Deep
Creek Project located 112 kilometres north of Elko, Nevada. The Range Front,
Upper Vein, and Waterfall Vein areas were the focus of exploration for 2010,
with highlights over the past year that include the following:


 


Discovery of the Waterfall Vein, with 200 meters of strike
length delineated to date and 20.5 g/t Au, and the Thirteen-Five Vein with 13.5
g/t Au assayed to date.


 


Discovery and delineation of the Upper Vein, with over 640
meters of strike length, assays up to 1,180 g/t Au, and vein widths up to 1.5
meters.


 


Completion of 716 meters of drilling on the Range Front
Structure; the Company is planning to drill southward on the RFS based on new
mapping that suggests zones of hydrothermal brecciation on surface that can be
used to target mineralization at depth.


 


Recognition of hydrothermal breccia zones along the Range
Front Structure, south of previous drilling, that will aid in the selection of
future drilling targets.


 


Quadrupling of initial Deep Creek land position to over 970
hectares (2,400 acres), to include two areas of historic rock and soil
anomalies that have seen little prior exploration.

Further
mapping, sampling, and reviewing of historic data is continuing, and geophysics
will be implemented to identify targets for drilling in Q2 of 2011. Details of the
Company’s past activity for each of the three areas are provided below.


Waterfall Vein Area

The
Waterfall Vein system is the latest discovery in the Deep Creek Project, and is
located 700 meters south of the Upper Vein. The Waterfall Vein strikes
north-northwest with an approximate length of 200 meters, with quartz vein
material assaying at 20.5 grams per tonne gold. The ‘Thirteen-Five’ vein is
located 60 meters west of the Waterfall Vein with an assay of 13.5 g/t gold.
Samples of mixed vein and country rock from each vein assayed at 0.28 g/t Au.
Vein widths are roughly 0.5 meters, widening to over 1.5 meters in highly
silicified carbonate rocks of the Proterozoic McCoy group. Assays to date for
samples collected in the Waterfall canyon area are summarized in the table
below.


Highlights of rock chip samples collected to date from the Waterfall Vein
Area


Vein
Name


Au, g/t


Ag, g/t


Weight,
kg


Description

Waterfall

20.5

15

2.98

0.5 meters wide, N25W strike with roughly 200 meters of
strike length

Waterfall

0.28

<0.7

3.19

1.5 meters wide, 90 meters south of the above sample,
includes silicified carbonate country rock

Thirteen-Five

13.5

Not
determined

2.35

0.5 meters wide, 60 meters west of the Waterfall vein,
roughly north-south strike for 70 meters

Thirteen-Five

0.28

<0.7

2.63

3.0 meters wide, 50 meters south of the above sample,
includes silicified carbonate country rock


NOTE:

Samples
were chiseled from country rock as channel samples roughly 15 cm in width to
achieve a sample weight of 1.5 kg or greater.

Assays
for additional samples collected from the Waterfall Vein area prior to snowfall
are anticipated in the coming weeks.


Upper Vein Area

The
Upper Vein Area was identified in Q3 2010 and is located 300 meters east of the
Range Front Structure. The Upper Vein has a strike length of over 640 meters,
with samples assaying as high as 1,180 g/t Au, and some over a meter in
width  as high as 47.9 g/t Au. Additional
undiscovered gold-bearing veins are also indicated by a vein float sample
collected upslope of the Upper Vein that assayed at 28.90 g/t gold.
 Elevated silver has also been noted in the system, and highlights for
both metals are summarized in the table below.


Significant Vein Sample Assays from the
Upper Vein Area, Deep Creek Project


Au, g/t


Ag,g/t


Sample
Wt. kg


Approx.
Vein Width, meters


Description

1180

828

1.78

<1

vein splays 12 m off of Upper Vein

355

249

1.04

0.2

vein with visible gold noted

94.3

123.5

2.37

0.2

vein with visible gold noted

56.3

38.4

3.19

0.15

vein with visible gold noted

47.9

18.8

3.04

1

vein with visible gold noted

42.5

13.2

2.34

1.2

vein, no visible gold noted, in contact
with phyllitic rocks

40.1

38.3

2.10

0.6

vein with visible gold noted

16.8

30.2

0.97

0.2

representative material chiseled from
outcrop

9.79

7.6

2.47

0.4

representative material chiseled from
outcrop

7.03

5.5

3.01

0.4

representative material chiseled from
outcrop

2.91

6.4

2.35

0.4

representative material chiseled from outcrop

0.94

1.7

6.34

0.9

stockwork qtz vein


NOTE:

Where possible, vein material was chiseled from vein
exposures to their contact with country rock, and along strike to obtain a
sample weight exceeding 1.5 kg.

The
Upper Vein system is hosted in sedimentary and metasedimentary rocks of the
Paleozoic Schoonover Formation and Proterozoic McCoy Group. Country rock
samples collected along the southward extension of the Upper Vein also exhibit
elevated gold contents, including a composite sample in highly variable
lithologies of the Schoonover Formation that are capped by Tertiary volcanics.
The composite channel sample returned a 0.1 g/t Au result, suggesting that
enhanced gold values may extend beneath the volcanics. Highlights of the
country rock assays are provided in the table below.


Significant Country Rock Assays from
the Upper Vein Area, Deep Creek Project


Au,g/t


Ag,
g/t


Sample
Wt. kg


Distance
from Upper Vein, meters


Rock
Type

 

10.80

10.0

2.54

0.50

phyllitic limestone, McCoy Group

 

9.79

7.60

2.47

6.00

phyllitic limestone, McCoy Group

 

7.03

5.50

3.01

3.00

phyllitic limestone, McCoy Group

 

2.91

6.40

2.35

4.00

phyllitic limestone, McCoy Group

 

2.30

3.80

1.59

200

phyllitic limestone, McCoy Group

 

2.10

4.00

7.10

1.80

phyllitic limestone, McCoy Group

 

2.03

1.80

6.52

0.90

phyllitic limestone, McCoy Group

 

1.59

na

6.15

0.90

phyllitic limestone, McCoy Group

 

1.44

na

1.45

3.60

partially silicified calcareous shale,
McCoy Group

 

1.31

na

1.93

<1

iron oxide stained quartzite, Prospect
Mtn. Quartzite

 

0.97

na

4.39

2.70

phyllitic limestone, McCoy Group

 

0.89

na

4.74

0.90

phyllitic limestone, McCoy Group

 

0.67

na

4.63

3.60

phyllitic limestone, McCoy Group

 

0.56

na

1.36

150

partially silicified calcareous shale,
McCoy Group

 

0.35

na

5.40

0.90

phyllitic limestone, McCoy Group

 

0.10

na

1.53

150

mixed lithologies, Schoonover Formation

 


NOTE:

Samples were chiseled from country rock as channel
samples roughly 15 cm in width to achieve a sample weight of 1.5 kg or
greater. na = not analyzed.


Range Front Structure

Drilling
on the Range Front Structure in the mid-1980’s by Franco-Nevada 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. 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
summer 2010, the Company launched a drill program on the Range Front Structure
and collared each hole at an orientation to reproduce nearby historic drill
hole assays. The holes were drilled at roughly 45 degrees inclination such that
drill intercepts would be roughly perpendicular to the Range Front fault, which
is the primary host for gold mineralization. Five inclined drill holes were
completed for a total of 716 meters, and three intercepted elevated gold at
similar depths to that encountered historically, but not over similar depth intervals.
All of the HQ core was half-split and assayed over roughly 1.2 meter (~4 ft)
intervals from the intersection of basement to the end of the hole, and the
best assays from the 2010 drilling program are summarized below.


Significant Drill Intersections from the Range Front Structure
2010 Drilling Program


Drill Hole


from, m


to, m


Interval, meters


Au (g/t)

 

DC-10-C-1

26.2

29.3

3.0

0.90

 


including

27.7

29.3

1.5

1.53

 

DC-10-C-2*

69.8

72.2

2.4

1.03

 

DC-10-C-4

67.1

76.2

9.1

0.88

 


including

67.1

68.6

1.5

3.92

 


including

75.0

76.2

1.2

2.01

 

DC-10-C-4

102.7

103.9

1.2

1.46

 


Note:

Ashburton implemented
quality control (QA/QC) during the drilling program that included the use of
standards and blanks. Samples of split HQ core were transported by Company
personnel to ALS Chemex Laboratories in Reno, Nevada for sample preparation.
The remaining half is stored at a secure facility in Utah. The core samples are
analyzed using 30-gram or 50-gram standard fire assay methods. Repeat assays
testing for coarse gold performed on selected samples did not produce
significant differences. *Visible gold was also observed in DC-10-C-2 at 77
meters.

In Q3 2010, Ashburton also launched a mapping exercise that
incorporates structural mapping similar to that implemented in open pit mining
operations. During the course of mapping, it was determined that the Range
Front fault has an undulating surface that experienced lateral as well as
normal movement during mineralization. Movement on the undulating fault surface
caused hydrothermal fault breccias to form, which are similar to features
described in the historic drill logs where greater gold contents were noted. These
widened areas of hydrothermal mineralization are identified on the surface by the
abundance of quartz and quartz-breccia float, which will aid in targeting future
drilling along the Range Front Structure in Q2 2011.

It
was noted during core logging that the 45 degree drilling inclination
paralleled the apparent bedding in altered sedimentary and igneous rocks
adjacent to the range front structure, meaning that all rock types were not
completely sampled. As the sedimentary and igneous rocks on the Range Front
Structure have assayed up to 1.44 g/t Au, future drilling will also test the
country rock adjacent to the Range Front Structure for potential low grade
mineralization.


The 2011 Program at Deep Creek

The
2011 exploration program at Deep Creek will continue to focus on the Range
Front Structure, Upper Vein, and Waterfall Vein areas. Concurrent structural
mapping and outcrop sampling will continue in all three areas to identify the
mineralizing structures for gold.  Airborne
magnetic/EM surveys are planned for the entire property to better define
lithologic contacts and identify potential target areas of alteration and
mineralization, with high resolution ground surveys to help prioritize drilling
locations. Two drilling programs are planned, one to test the southward extent
of gold mineralization along the Range Front Structure, and a second program to
test the extent of vein mineralization in the Upper Vein and Waterfall Vein
areas. Drilling on the Range Front structure may start as early as February,
depending on snow cover at lower elevations. However, nearly all historic
exploration has been in these three areas, which represent less than 25% of the
total land position at Deep Creek. The Company recently increased its land
position to encompass two new areas of historical rock and soil gold anomalies
that are similar in surface area to those in which the Range Front Structure,
Upper Vein and Waterfall Vein areas are located. Ashburton now has over 971
contiguous hectares (2,400 acres) under claim, and will carry out detailed
sampling and mapping over these areas in 2011.

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

The
Company is also pleased to announce the appointment of Dr. Tom McCandless to
the position of Vice President, Exploration. Dr. McCandless brings many years
of experience in the exploration and assessment of mineral properties
throughout the world, and has served as a Director for Ashburton since its
incorporation in 2008. Dr. McCandless has more than 30 years of experience in
the exploration industry, and was part of the Senior Management of Ashton
Mining of Canada, who discovered the Renard kimberlites in Quebec that are
slated to become Quebec’s first diamond mine. From 2008 to the present, Dr.
McCandless has been a consultant to the industry through MCC Geoscience, Inc.,
for diamond and metals projects in North America, South America, Africa, and
Scandinavia. Dr. McCandless also holds the position of Adjunct Professor at the
University of Arizona and the University of Alberta, and has published
extensively on the geochemistry of ore deposits.

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 f




or
the adequacy or accuracy of this release.


error: