Yearly Archives :

2012

ASHBURTON UPDATES PROPERTY ACTIVITIES

ASHBURTON UPDATES PROPERTY ACTIVITIES 150 150 Progressive Planet Inc.

December 31, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSXV) announces that Premier Gold has granted the Company an extension whereby all payments and expenditure requirements pertaining to the Golden Edge option agreement have an additional year to be met.

The Company also reports it has determined to no longer proceed with its Deep Creek, Richmond Mountain and Cathedral Well properties located in Nevada.

Ashburton Ventures Inc. is a 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”

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.

ASHBURTON ANNOUNCES PRIVATE PLACEMENT

ASHBURTON ANNOUNCES PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

September 12, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSXV) is pleased to announce that it has arranged a non-brokered private placement of 12,000,000 units ("Units") at a price of $0.075 per Unit for aggregate gross proceeds of $900,000 (the "Offering").  Each Unit will be comprised of one common share (a "Share") and one-half of a share purchase warrant of the Company (a "Warrant").  Each full Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 18 months from the closing date at an exercise price of $0.10 per Warrant Share.

A finder's fee may be payable in relation to the proposed private placement in line with the policies of the TSX Venture Exchange.

The proceeds raised will be used towards exploration on the Issuer's Nevada properties and for general corporate purposes. 

The Offering is subject to TSX Venture Exchange approval.

Ashburton Ventures Inc. is a 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”

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.

ASHBURTON EFFECTS SHARE CONSOLIDATION AND AMENDMENT OF AUTHORIZED SHARE CAPITAL

ASHBURTON EFFECTS SHARE CONSOLIDATION AND AMENDMENT OF AUTHORIZED SHARE CAPITAL 150 150 Progressive Planet Inc.

August 29, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX:V) is pleased to announce that, effective August 30, 2012 at market open, the Company will consolidate its common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares and amend the authorized share capital of the Company to allow the Company to issue an unlimited number of common shares.

The Company will have a total of approximately 8,205,159 post-consolidation common shares issued and outstanding.

The consolidation and share capital amendment were approved by the shareholders of the Company at the special meeting held on August 27, 2012 and have been approved by the TSX Venture Exchange.

Ashburton Ventures Inc. is a 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”

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.

ASHBURTON ANNOUNCES CONSOLIDATION

ASHBURTON ANNOUNCES CONSOLIDATION 150 150 Progressive Planet Inc.

June 27, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX:V) is pleased to announce a proposed consolidation (the “Consolidation”) of its share capital on the basis of up to ten (10) existing common shares for one (1) new common share. Currently, a total of 81,651,595 common shares in the capital of the Company are issued and outstanding. Accordingly, if put into effect on the basis of ten (10) existing common shares for one (1) new common share, a total of 8,165,159 common shares in the capital of the Company would be issued and outstanding following the Consolidation, assuming no other change in the issued capital.

The Consolidation will increase the Company’s flexibility and competitiveness in the market place and make the Company’s securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for its common shares.

The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company’s stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

The Board of Directors of the Company will ask the shareholders of the Company to approve the Consolidation at a Special Meeting of shareholders to be held on Monday, August 27, 2012 (the “Special Meeting”).  Further details of the proposed Consolidation will be contained in the Company's information circular with respect to the Special Meeting, a copy of which will be available electronically at www.sedar.com.

The Consolidation is subject to shareholder approval and acceptance of the TSX Venture Exchange.

Ashburton Ventures Inc. is a 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”

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.

ASHBURTON ANNOUNCES CFO CHANGE

ASHBURTON ANNOUNCES CFO CHANGE 150 150 Progressive Planet Inc.

May 30, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V:ABR) (FRANKFURT:ARB)  (“Ashburton” or the "Company”) is pleased to announce that, effective immediately, Ms. Seung Oh will replace Dave Cross as the Chief Financial Officer of the Company.

Ms. Oh, currently on the Ashburton board of directors, is a member of the Institute of Chartered Accountants of British Columbia, with over six years of experience in Canadian and U.S. public corporations.  She received her Bachelor of Business Administration degree from Simon Fraser University in 2006. From 2007 to 2010, Ms. Oh worked with Manning Elliott LLP in the Assurance Department primarily focused on mining companies listed on North American stock exchanges and is currently providing accounting and tax services to various Canadian public and private corporations through Seung Oh Ltd.    

The Company is fortunate to have Mr. Cross continue to work with the Company.

Ashburton Ventures Incorporated is a Canadian-based junior exploration with active gold and base metal programs in the Yukon, Canada and Nevada, USA. For further information we invite you to visit us at www.ashburtonventures.com.

ON BEHALF OF THE BOARD

Michael England, President

For further information contact:

Telephone: (604) 683-3995
 

ASHBURTON APPROVES WORK PROGRAM FOR HAYS LAKE GOLD PROJECT IN ONTARIO

ASHBURTON APPROVES WORK PROGRAM FOR HAYS LAKE GOLD PROJECT IN ONTARIO 150 150 Progressive Planet Inc.



May 7th,
2012, VANCOUVER, B.C.




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





announces
the board has approved a stage-one work program for its Hays Lake gold project
in Ontario, located approximately four kilometers east-northeast of the positive
gold drilling results announced recently by GTA Resources and Mining Inc. (TSX-V:GTA).
The Company anticipates an early summer program of sampling of historical gold
occurrences on the property, and sampling of rocks with similar lithologies to
those presently being drill-tested on the GTA property. Bids for work on the
project are presently being received from geologists with expertise for this
particular region of Ontario.

The
Hays Lake property is made up of two contiguous unpatented block mining claims
located in the Thunder Bay Mining Division, three kilometers east of the town
of Schreiber. According to government reports, the eastern area covered by the
claims hosts a series of quartz veins and vein stockworks within granitic
intrusives. Copper and molybdenum occurs as disseminations in the intrusives
and in the veins. Several northwest-trending linear features also appear to
have associated copper and molybdenum mineralization (from Carter, M.W., 1988,
Ontario Geol. Survey, Mines and Minerals Survey, Open File Report 5692; Ontario
Geol. Survey, Precambrian Geol. Comp. Series Map 2665, 2001
). The eastern
portion of the claims includes intermediate and mafic metavolcanic rocks
similar to those currently being explored by GTA Resources and Mining Inc., who
recently announced drilling results of 1.41 g/t gold over 240 meters, including
bonanza grades of 132 g/t gold over 0.5 meters and 120 g/t gold over 0.5 meters
(see GTA Resources news release, April
18, 2012
).

“We feel the recurring success with drill results by
GTA Resources is only the beginning for this exciting area in Thunder Bay!” states
President Mike England.

 

Additionally,
the Company has arranged a non-brokered private placement
of 15,000,000 flow-through units (“Units“)
at a price of $0.05 per Unit for aggregate gross proceeds of $750,000 (the
Offering“). Each Unit
will be comprised of one flow-through common share (“Share“) and one non-flow-through share purchase warrant of the
Company (“Warrant“).  Each Warrant will entitle the holder to
purchase one common share of the Company (a “Warrant Share“) for a period of 18 months from the closing
date at an exercise price of $0.10 per Warrant Share.

The
Company may, in its sole discretion, pay a cash commission to the finders of
the Company in an amount of 10% of the proceeds raised by such finder as part
of this Offering.

The
Offering is subject to TSX Venture Exchange approval.

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 properties have 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 Inc. is a Canadian-based junior exploration with active mineral programs
in the Yukon and Ontario,
Canada and in Nevada, USA.

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 ACQUIRES CLAIMS IN THUNDER BAY MINING DIVISION

ASHBURTON ACQUIRES CLAIMS IN THUNDER BAY MINING DIVISION 150 150 Progressive Planet Inc.



April 23rd,
2012, VANCOUVER, B.C.




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





announces
today it has acquired an option to earn a 100% interest in ground located in the
Priske Township in Ontario, approximately four kilometers east-northeast of the
positive gold drilling results announced recently by GTA Resources and Mining
Inc., (TSX-V:GTA).

The
Hays Lake
property is made up of two contiguous unpatented block mining claims located in
the Thunder Bay Mining Division, three kilometers east of the town of Schreiber. According to government
reports, the eastern area covered by the claims hosts a series of quartz veins and
vein stockworks within granitic intrusives. Copper and molybdenum occurs as
disseminations in the intrusives and in the veins. Several northwest-trending
linear features also appear to have associated copper and molybdenum
mineralization (from Carter, M.W., 1988, Ontario Geol. Survey,
Mines and Minerals Survey, Open File Report 5692; Ontario Geol. Survey,
Precambrian Geol. Comp. Series Map 2665, 2001
).

The
eastern portion of the claims includes intermediate and mafic metavolcanic
rocks similar to those currently being explored by GTA Resources and Mining
Inc., who recently announced drilling results of 1.41 g/t gold over 240 meters,
including bonanza grades of 132 g/t gold over 0.5 meters and 120 g/t gold over
0.5 meters (see GTA Resources news
release, April 18, 2012
).

For
a 100% interest in the claims Ashburton will make cumulative payments of
$25,000 and issue one million common shares of the Company over a two year
period. This transaction is subject to TSX Venture approval.

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 properties have 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 Inc. is a Canadian-based junior exploration with active mineral programs
in the Yukon and Ontario,
Canada and in Nevada, USA.

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 BE GRANTED OPTION BY EURASIAN MINERALS FOR SECOND GOLD PROPERTY IN NEVADA

ASHBURTON TO BE GRANTED OPTION BY EURASIAN MINERALS FOR SECOND GOLD PROPERTY IN NEVADA 150 150 Progressive Planet Inc.

March 7, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V:ABR) (FRANKFURT:ARB)  (“Ashburton” or the "Company”) is pleased to announce that Eurasian Minerals Inc. (NYSE Amex:EMXX, TSX-V:EMX) has agreed to grant, through its wholly-owned subsidiary Bronco Creek Exploration, Inc., an option to Ashburton for the Richmond Mountain gold property, located in the Eureka Mining District of north-central Nevada. The property has Carlin-type gold as well as base metal (± gold) replacement targets, and is located only two kilometers east of the Archimedes Mine (operated by Barrick Gold Corp.). The southern claims abut the South Eureka Project (owned by Timberline Resources, Inc.; NYSE Amex: TLR; TSX-V: TBR), considered by Timberline as their flagship exploration project for sediment-hosted gold mineralization. 

The Richmond Mountain property includes the eastward projection of an early Cretaceous igneous-related hydrothermal system that includes iron-rich skarn and spatially associated polymetallic base metal deposits along its western and southern contacts, as well as gold mineralization at the Archimedes Mine. The property also lies along the northern projection of several structures hosting Carlin-type mineralization.  Much of the prospective ground lies under cover, with the southern claims having exposed Paleozoic sedimentary rocks with jasperoids, carbonate-destructive alteration, pathfinder elements, and locally anomalous gold. There has been limited exploration on the property and previous drilling (two drill holes ~378m and 457m total) on the northern claims did not reach target depths under cover.

Ashburton President Michael England states, “Richmond Mountain is the second gold property in Nevada that Ashburton has agreed to option from Eurasian Minerals, with Cathedral Well announced just weeks ago. Eurasian’s geologically-driven approach that emphasizes mapping, coupled with new conceptual models at the deposit scale, place both Cathedral Well and Richmond Mountain high on the list for significant new discoveries.”

Subject to execution of the formal agreement, Ashburton may earn an initial 70% of Richmond Mountain by paying $35,000 on signing, incurring five million dollars in exploration expenditures, issuing 3.4 million Ashburton shares over seven years and delivering a feasibility study together with additional cash and share payments (all dollar amounts in USD). Year-one activity will focus on a review of recent geophysical surveys and trenching of subcrops on the west side of Richmond Mountain where anomalous gold results were obtained from recent soil and rock sampling to delineate additional drill targets. 

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 Inc. is a Canadian-based junior exploration with active mineral programs in the Yukon, Canada and Nevada, USA.

Eurasian Minerals Inc. (NYSE Amex:EMXX, TSX-V:EMX) is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and under-explored mineral belts. Eurasian currently has project interests in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking.

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 ANNOUNCES NEW DIRECTOR

ASHBURTON ANNOUNCES NEW DIRECTOR 150 150 Progressive Planet Inc.

March 5th, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V:ABR) (FRANKFURT:ARB)  (“Ashburton” or the "Company”) is pleased to announce the addition of Ms. Seung Oh to its board of directors, effective immediately.

Ms. Oh is a member of the Institute of Chartered Accountants of British Columbia, with over six years of management experience in Canadian and U.S. public corporations.  She received her Bachelor of Business Administration degree from Simon Fraser University in 2006. From 2007 to 2010, Ms. Oh worked with Manning Elliott LLP in the Assurance Department primarily focused on mining companies listed on North American stock exchanges and is currently providing accounting and tax services to various Canadian public and private corporations through Seung Oh Ltd.    

Ashburton Ventures Incorporated is a Canadian-based junior exploration with active gold and base metal programs in the Yukon, Canada and Nevada, USA. For further information we invite you to visit us at www.ashburtonventures.com.

ON BEHALF OF THE BOARD

Michael England, President

For further information contact:

Telephone: (604) 683-3995

ASHBURTON COMPLETES GRAVITY PROGRAM ON THE GOLDEN EDGE GOLD PROPERTY, NEVADA

ASHBURTON COMPLETES GRAVITY PROGRAM ON THE GOLDEN EDGE GOLD PROPERTY, NEVADA 150 150 Progressive Planet Inc.

February 27th, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V:ABR) (FRANKFURT:ARB)  (“Ashburton” or the "Company”) is pleased to announce that it has completed its gravity survey of the Golden Edge property, located 50 kilometers east of Winnemucca, Nevada. A north-south structure was previously identified through review of historical gravity and magnetic data to extend onto the Golden Edge property from the Lone Tree Mine, located eight kilometers to the south and operated by Newmont Mining Corporation (see news release, January 31st, 2012). The Company engaged Magee Geophysical Services LLC (Reno, Nevada) to collect high resolution gravity data to better define the structure and depths to potential mineralization over roughly 400 gravity stations with a resolution on the order of 0.01 mGal.  The data collection phase has been completed and results will be interpreted by an independent geophysical consultant in the coming weeks.

In January 2012, a review of historical gravity data revealed a gradient extending northward from the Lonetree Mine into the property, with several possible right lateral shifts or bends indicating structural complexity. The historic CSAMT and magnetic data mapped out layered units under cover on the property that include a basalt layer of variable thickness between layers of alluvium and tuff (see news release, January 31st, 2012). An additional CSAMT survey may be required to best resolve the drill hole locations, with the line length and orientation of that survey dependent on the interpretation of the gravity results.

Golden Edge was optioned from Premier Gold Mines Limited (TSX:PG) in 2011, with Ashburton establishing a 50%-50% joint venture agreement with Premier by completing a $750,000 year-one work commitment that includes at least $500,000 directed toward drilling. An additional $2,250,000 in exploration expenditures is required over year two and three to complete the 50% interest in the property. 

Ashburton is also pleased to announce that it has engaged geologist Brion Theriault to oversee the Golden Edge project. Mr. Theriault has over 20 years of gold exploration, development and production, including two years on the Saddle Gold Project for Premier Gold Mines, and who brought the Golden Edge project to the attention of that company. Mr. Theriault is a Certified Professional Geologist and qualified person as defined by NI 43-101, and will oversee all of the technical aspects of the project.     

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 Incorporated is a Canadian-based junior exploration with active gold and base metal programs in the Yukon, Canada and Nevada, USA. For further information we invite you to visit us at www.ashburtonventures.com.

Premier Gold Mines Limited is one of North America's leading exploration companies with a high-quality portfolio of projects focused in Canada and the United States. The 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.

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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