2012, VANCOUVER, B.C.
â€“ ASHBURTON VENTURES
INC. (TSX-V:ABR) (FRANKFURT:ARB)
(â€œAshburtonâ€ or the “Companyâ€)
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
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).
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).
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.
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.
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
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