ASHBURTON EXPANDS PROPERTY PORTFOLIO, ACQUIRES THE PAGE CLAIMS NEXT TO ALBANY GRAPHITE DEPOSIT, ONTARIO
July 26th, 2013, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) has acquired the Page claims adjoining the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. (TSX-V: ZEN). Zenyatta recently announced intervals of 146 metres of 5.2 per cent graphite, 177 metres of 5.3 per cent graphite, 186 metres of 4.9 per cent graphite and 125 metres of 4.6 per cent graphite, respectively (see Zenyatta Ventures news release dated July 2, 2013).
Mike England, President of Ashburton Ventures states “This acquisition once again puts Ashburton in one of the most exciting and talked about exploration plays in North America. With just over 20 million shares outstanding, and projects located in the Athabasca Basin (uranium in the vicinity of and adjoining Alpha Minerals (TSX-V: AMW); in Northwest B.C. (copper-gold in the vicinity and adjoining Colorado Resources (TSX-V: CXO) and now next to Zenyatta’s Albany graphite deposit, we feel Ashburton Ventures offers tremendous leverage for its shareholders. With the financing recently completed, work programs for all three projects are currently in line or underway, and we look forward to this very exciting, ongoing 2013 exploration season.”
Ashburton Ventures is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all its stakeholders.
To earn a 100-per-cent interest in the 16 mineral claims, 256 hectares property, the company will pay 2.2 million shares to a non arms length vendor upon receiving regulatory approval.
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995
Some of the 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.