Yearly Archives :

2014

ASHBURTON ADDS BOARD MEMBER

ASHBURTON ADDS BOARD MEMBER 150 150 Progressive Planet Inc.

November 13th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce the addition of Mr. Case Lewis, P.Geo, to the board of directors of Ashburton Ventures. Mr. Lewis, who earned a BSc in Geology from the University of Alberta, has diverse experience spanning over 7 years in the mining industry, dominantly in mineral exploration. His experience encompasses grassroots to large-scale, advanced-stage exploration projects in Canada, the United States, Peru, China, and Guyana.  His background in GIS and remote sensing technologies makes him a strong addition to the Ashburton team. Mr. Lewis is currently a registered Professional Geoscientist in good standing with the Association of Professional Geoscientists of Ontario.

Ashburton Ventures is a junior exploration company with properties located in the Sheslay region of British Columbia and the Athabascan Basin region of Saskatchewan.

ON BEHALF OF THE BOARD

Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT: 
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.AshburtonVentures.com  

ASHBURTON ARRANGES PRIVATE PLACEMENTS

ASHBURTON ARRANGES PRIVATE PLACEMENTS 150 150 Progressive Planet Inc.

November 10th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces that it has arranged a non-brokered private placement of 12.5 million flowthrough units ("FT Units") at a price of $0.02 per Unit for aggregate gross proceeds of $250,000 (the "FT Offering").  Each FT Unit will be comprised of one flowthrough common share ("FT Share") and one non-flowthrough Share purchase warrant of the Company ("Warrant").  Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 12 month period after the Closing Date at an exercise price of $0.05 per share. Flowthrough proceeds raised will be used towards the Company’s Hackett property located contiguous to Doubleview Capital Corp.’s Hat Cu-Au porphyry discovery in northwest B.C.’s emerging Sheslay district.

The Company further announces it has arranged a non-brokered private placement of 12.5 million common share units ("Units") at a price of $0.02 per Unit for aggregate gross proceeds of $250,000 (the "Offering").  Each Unit will be comprised of one common share ("Share") and one half Share purchase warrant of the Company ("Warrant").  Each full Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 12 months from the closing date at an exercise price of $0.05 per Warrant Share. The non flowthrough funds will be used for general corporate purposes.

Additionally the Company announces that the Company may, in its sole discretion, pay a finders' fee to agents of the Company consisting of: (i) a cash fee in an amount of up to 10% of the proceeds raised by such finder as part of this Offering, and (ii) a number of finder's warrants entitling the holder thereof to purchase that number of Shares of the Company ("Finder's Warrant") that is equal to up to 10% of the number of units placed through the finder as part of this Offering.  Each Finder's Warrant will entitle the holder to purchase one Share for a period of 12 months from the closing date at an exercise price of $0.05 per Finder's Warrant.

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

ON BEHALF OF THE BOARD

Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT: 
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.AshburtonVentures.com 

Forward-Looking Statements:

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.

ASHBURTON CLOSED PRIVATE PLACEMENT

ASHBURTON CLOSED PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

July 10, 2014, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that, further to its news release dated May 9, 2014, the Company has completed its non-brokered private placement of 600,000 flow-through units (the "Units") at a price of $0.06 per Unit for an aggregate gross proceeds of $36,000 (the "Offering").

Each Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company.  Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.08 per Warrant Share until July 8, 2015.

All securities issued pursuant to the Offering are subject to a hold period expiring on November 9, 2014.

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

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 DIRECTOR RESIGNS

ASHBURTON DIRECTOR RESIGNS 150 150 Progressive Planet Inc.

July 7th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) regrets to announce the resignation from the board of Mr. Bill Harris.   The Company has greatly appreciated his efforts in that capacity and wishes Mr. Harris all the best in his future endeavours.

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

ON BEHALF OF THE BOARD

Signed “Mike England”                                             
Mike England, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com 

Forward-Looking Statement:
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.

ASHBURTON SIGNS LETTER OF INTENT TO SELL YUKON INTERESTS TO DUNCASTLE

ASHBURTON SIGNS LETTER OF INTENT TO SELL YUKON INTERESTS TO DUNCASTLE 150 150 Progressive Planet Inc.

June 23, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces that it has entered into a Letter of Intent (LOI) with Duncastle Gold Corp. (TSX-V: DUN) whereby Duncastle can acquire a 100% interest in the Company’s three exploration properties in southwestern Yukon.   The transaction will allow Ashburton to keep share dilution to a minimum and focus resources on its promising Sheslay district portfolio of properties in northwest B.C., highlighted by the Hackett Project where a Phase 1 work program has just been completed. 

Under the terms of the LOI, Duncastle may acquire a 100% interest in the Spy, Ultra and Catalyst/CKR properties by completing the following:

  1. Paying $50,000 and issuing an aggregate 8.5 million shares to Denali (the underlying vendor) over 3 years for the Catalyst project;
  2. Assuming the requirements of existing property agreements now in place for the Spy and Ultra properties by assignment from Ashburton, including the completion of $500,000 in exploration work, $85,000 in cash payments, and the issuance of 650,000 shares over 5 years;
  3. Paying $5,000 to Ashburton for the Ultra property and a further $5,000 to the underlying vendor of the Ultra property, and;
  4. Issuing 350,000 shares to Ashburton for purchase of the CKR claims and a further 150,000 shares to Ashburton for assignment of the Spy and Ultra claims.

The company looks forward to updating shareholders in the near future regarding progress at its highly prospective Hackett Project and the recently acquired claims contiguous to the western border of Garibaldi Resources Corp.’s Grizzly Property. 

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

ON BEHALF OF THE BOARD

Signed “Michael England”                                             
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.AshburtonVentures.com 

Forward-Looking Statement:

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.

ASHBURTON COMMENCES HACKETT PROPERTY PROGRAM

ASHBURTON COMMENCES HACKETT PROPERTY PROGRAM 150 150 Progressive Planet Inc.

May 9th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) is pleased to announce that it has mobilized crews for a Phase 1 exploration program at its 100%-owned Hackett Property in northwest British Columbia’s Sheslay district.  The Hackett is contiguous to Doubleview Capital Corp.’s Hat Property where Cu-Au porphyry discovery holes HAT-08 and HAT-11 are within approximately 1 km of Ashburton’s property boundary, while Doubleview has also recently completed a follow-up drill program (see Doubleview news release April 30). 

Kyler Hardy, Ashburton President, commented:  “We are excited to begin work at the Hackett which is part of a Sheslay NW/SE structural trend that stretches for many kilometres and has produced extremely promising early results.  We’re entering a very active period for this emerging district.  This Phase 1 program at the Hackett will greatly enhance our understanding of this property as we advance it to the drill-ready stage.  With the Hackett and our recently acquired Grizzly West Extension Project, Ashburton’s exploration upside in such a prolific district is significant.”

Ashburton Arranges Financing

To expand its Sheslay exploration plans, Ashburton has arranged a non-brokered private placement (the “Offering”) of 2.5 million flow-through units at a price of six cents per flow-through unit for aggregate gross proceeds of $150,000. Each flow-through unit will consist of one flow-through share and one warrant. Each warrant will entitle the subscriber to purchase one warrant share for a 12-month period after the closing date at an exercise price of 8 cents.  The flow-through funds will be used to advance the Hackett and Grizzly West Extension projects. 

Additionally, the Company has arranged a non-brokered private placement of 3 million non-flow-through units at a price of five cents per unit for aggregate gross proceeds of $150,000. Each unit will comprise one common share and one share purchase warrant of the Company. Each warrant will entitle the holder to purchase one share for a period of 12 months from the closing date at an exercise price of 8 cents per warrant share.  These funds will be used for general corporate purposes. 

The Company may, at its sole discretion, pay a finder’s fee to agents of the Company consisting of: (1) a cash fee in an amount of 10% of the proceeds raised by such finder as part of this Offering, and (2) a number of finder's warrants entitling the holder thereof to purchase that number of shares of the Company ("Finder's Warrant") that is equal up to 10% of the number of units placed through the finder as part of this Offering.  Each Finder's Warrant will entitle the holder to purchase one share for a period of 12 months from the closing date at an exercise price of $0.10 per Finder's Warrant.

Ashburton further announces the resignation from the board of Dr. Tom McCandless.   The Company has greatly appreciated his efforts in that capacity and is fortunate that Dr. McCandless will continue to work with the Company.

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

ON BEHALF OF THE BOARD

Signed “Mike England”                                             
Mike England, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com 

Forward-LookingStatement:

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.

ASHBURTON MORE THAN DOUBLES LAND POSITION IN SHESLAY VALLEY – ACQUIRES CLAIMS CONTIGUOUS TO GRIZZLY AND APPLIES FOR DRILL PERMITS AT HACKETT

ASHBURTON MORE THAN DOUBLES LAND POSITION IN SHESLAY VALLEY – ACQUIRES CLAIMS CONTIGUOUS TO GRIZZLY AND APPLIES FOR DRILL PERMITS AT HACKETT 150 150 Progressive Planet Inc.

April 25th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces today that it has more than doubled its land position in the prolific Sheslay district of northwest British Columbia, increasing from 1,296 hectares to over 3,000 hectares with the acquisition of strategic claims extending six kilometers north-south along the western border of Garibaldi Resources’ Grizzly Property. The two claim blocks, which will form the “Grizzly West Extension Project”, are within two kilometers of the Grizzly West porphyry target (see Garibaldi news release March 13, 2014). Historical data for this highly prospective area have been reviewed extensively by Ashburton geologists, and a work program will commence shortly on the Grizzly West Extension Project. 

Ashburton is also pleased to announce that it will be starting a work program at its Sheslay Hackett Property next month. The Company has requested permitting for 2,000 meters of diamond drilling from several set-ups, as well as 18 kilometers of line-cutting to conduct IP, with the establishment of an exploration camp onsite. 

The western border of the Hackett property is within 1,000 meters of Doubleview Capital Corp.’s discovery holes HAT-08 and HAT-11 reported earlier this year that indicate the strong potential for a copper-gold alkalic porphyry-type deposit (see Doubleview news release January 20, 2014).  Doubleview recently announced resumption of drilling at the Hat Property (see Doubleview news release March 27, 2014).

Approximately 300 meters west of the Hackett, on the Doubleview side of the adjoining southwestern border, assays from the historical Hoey showing report up to 6,600 ppb Au, and historical aeromagnetics on the Hackett property define a magnetic high on the southern claims (W. Thompson, 1988, B.C. Minfile Report #18158).  No drilling has ever been carried out on this property. 

Mr. Kyler Hardy, President of Ashburton, states, “Ashburton was an early entrant into the Sheslay area and we’re extremely pleased to have two critical land positions contiguous to the Hat and the Grizzly, in this rapidly emerging copper-gold district. Both of our projects are strategically positioned to incorporate the successful exploration results from adjoining properties, which can greatly minimize our timeline to discovery. Because of this advantage, we look forward to a dynamic exploration season during which we can seize this unique opportunity to build shareholder value.”

To acquire the claims comprising the Grizzly West Extension Project, Ashburton will pay Victory Ventures Inc. $5,000 cash, issue 200,000 common shares of Ashburton and a 2% NSR of which 1% may be purchased for $1 million. Ashburton will also be obligated to keep the claims in good standing for a period of 18 months from closing. All terms are subject to regulatory approval. 

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., a director of Ashburton and a qualified person as defined by National Instrument 43-101. Ashburton’s properties referred to above 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 is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.

ON BEHALF OF THE BOARD

Signed “Michael England”                                             
Michael England, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com 

Forward-Looking Statements:

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.

ASHBURTON OPTIONS

ASHBURTON OPTIONS 150 150 Progressive Planet Inc.

February 26, 2014, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that it has granted a total of up to 1,000,000 stock options to directors and consultants of the company, exercisable at a price of $0.06 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 Inc. is a junior exploration company seeking mineral opportunities for the benefit of all of its stakeholders.

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 CLOSED PRIVATE PLACEMENT

ASHBURTON CLOSED PRIVATE PLACEMENT 150 150 Progressive Planet Inc.

February 20, 2014, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that, further to its news releases dated December 13, 2013, January 22, 2014 and February 6, 2014, the Company has completed its non-brokered private placement of 3,500,000 non-flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit and the second tranche of the flow-through portion of its private placement of 2,300,000 flow-through units (the "FT Units") at a price of $0.05 per FT Unit for an aggregate gross proceeds of $290,000 (the "Offering").

Each NFT Unit and FT Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company.  Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.075 per Warrant Share for the first year and thereafter at a price of $0.10 per Warrant Share until February 18, 2016, subject to the closing sales price of the Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the TSX Venture Exchange (or such other stock exchange, quotation system or market on which the Shares are listed and where a majority of the trading volume of the Shares occurs) equals or exceeds $0.15 for a period of 10 consecutive trading days, the Company may, within five days of such event, provide notice by way of news release to the subscriber of early expiry, and thereafter such warrants shall expire on that date which is 30 days from the date such notice is given.

All securities issued pursuant to the closing of the NFT Units and second tranche of the FT Units announced herein are subject to a hold period expiring on June 19, 2014.

The Company did not pay finders' fees nor issue finders' warrants with respect to the Offering.

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

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 COMMENCES WORK IN YUKON

ASHBURTON COMMENCES WORK IN YUKON 150 150 Progressive Planet Inc.

February 7th, 2014, VANCOUVER, B.C.ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) has begun preparations for its 2014 exploration season at the Spy and Ultra platinum group metal (PGM) claim groups, located in the Kluane Ultramafic Belt of southwestern Yukon. The Ultra and Spy projects have similar lithologies to the Wellgreen Polymetallic Deposit, which is under advanced assessment by Wellgreen Platinum (TSX-V: WG) with an Indicated Resource of 14.4 Mt at 2.23 g/t Pt+Pd+Au, 0.68% Ni and 0.62% Cu, and an Inferred Resource of 446.6 Mt at 0.87 g/t Pt+Pd+Au, 0.31% Ni and 0.25% Cu at a 0.22% NiEq cut-off (see Wellgreen Platinum news release, June 18, 2012). Ultra and Spy were acquired by the Company in late 2013 as part of its strategic portfolio of properties in the Yukon with high PGM potential (see news releases November 14 and 26, 2013).

The Company has engaged Aurora Geosciences Inc. (Whitehorse, YK) to conduct rock physics tests on grab samples from both properties, which will include magnetism, density and conductivity tests. The same tests will also be conducted on samples from the Wellgreen deposit, as well as samples provided by the Yukon Geological Survey. Aurora will then re-assess data from historic ground and airborne geophysical surveys conducted over the properties, using the new rock physics data to prioritize areas of potential PGM mineralization. The priority areas will be the focus of additional sampling, trenching and drilling in the 2014 field season.

“We are very excited to start working on our Yukon projects which cover significant anomalies in the highly prospective Kluane Ultramafic Complex near Wellgreen Platinum in the Southwest Yukon.” states Kyler Hardy, President of Ashburton.

About the Ultra Project:

The Ultra Project is a polymetallic-PGM occurrence with contiguous claims covering 8,650 hectares, located 42 kilometers (km) northwest of Haines Junction. The project is in the Kluane Ultramafic Belt, a 600km-long belt of rocks characterized by mafic to ultramafic Triassic-aged sills intruded into Carboniferous to Triassic sedimentary and volcanic rocks. The Kluane ultramafic suite hosts a number of magmatic PGM-Ni-Cu occurrences from Northern British Columbia, through Yukon and into Alaska. At Ultra, a portion of the Frohberg PGM-Ni-Cu showing was trenched in 2002 and returned 5.54 g/t Pt, 13.46 g/t Pd, 4.07% Cu and 1.73% Ni over 0.5 meters. Numerous ultramafic occurrences elsewhere on the property are yet to be assessed for PGM-Ni-Cu potential. The Ultra Project also includes the Telluride volcanogenic massive sulphide (VMS) showing, which is visible from the air and can be traced on the property for six kilometers along strike to the southeast. The showing itself contains values of 3.23% Cu, 6.75% Zn, 17.8 g/t Ag, and 0.15 g/t Au over four meters. Since 1956, exploration on the Ultra Project has involved approximately 440 meters of drilling in eight holes on a VMS showing (1955-56, three core holes totaling 108m that failed to reach target depths; 1961-62, two churn drill holes totaling 116m that intersected minor native copper, and 1970, three core drill holes totaling 216m that intersected coal and marcasite). The ground has also been explored through hand trenching, rock, soil and silt geochemistry, a 1977 airborne electromagnetic survey, a 2004 airborne magnetics and electromagnetic survey, a ground magnetic and electromagnetic survey, and mapping (Pautler, J. 2012, Geological and geochemical assessment report on the Ultra Project, Whitehorse Mining District, Yukon, 47p.).

About the Spy Project:

The Spy Project is a polymetallic-PGM occurrence that consists of 60 contiguous claims covering 1,250 hectares and is located 70 kilometers (km) northwest of Haines Junction. The claims run roughly parallel to the Alaska Highway that is seven kilometers to the northeast. The project is in the Kluane Ultramafic Belt, a 600km-long belt of rocks that hosts a number of magmatic PGM-Ni-Cu occurrences, from northern British Columbia through the Yukon and into Alaska. Clastic sedimentary rocks and limestone of the Hasen Creek Formation are exposed along the northeastern portion of the property, and are intruded by late Triassic and possibly older mafic to ultramafic sills including the Spy Sill. The 75-100m thick Spy Sill intrudes Hasen Creek siltstone for a minimum of 6 km along a northwest strike, and dips to the southwest. The central portion of the sill consists of peridotite, with gabbro at the top and at the base. Mineralization varies from disseminations to massive sulphide lenses (up to 2.0 x 0.25m) with associated PGM in the basal marginal gabbro phase and its contact with the Hasen Creek siltstone. Assays from historic grab samples of massive sulphide lenses range from 0.11-3.1 g/t Pt, 0.13-1.7 g/t Pd, and 0.02-2.0 g/t Au in the basal gabbro, and 0.31-75.8 g/t Pt, 0.54-23.0 g/t Pd and 0.06-19.8 g/t Au in the footwall siltstone. Mineralization occurs discontinuously over a strike length of 3.6 km along the base of the 6 km long Spy Sill, with a more continuous zone of massive and disseminated PGE, Ni and Cu mineralization over 950m of strike length (Morgan, T. 2008. Prospecting and geochemical report on the 2008 Spy project. Yukon Dept. of Energy, Mines and Resources, Yukon Mining Incentive Program, YEIP 2008-025, 21p.; Bell, C. 1996. Report on 1995 geological and geochemical surveys on the Klu property. Yukon Dept. of Energy, Mines and Resources, Assessment Report #093371, 244p.).

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., a director of 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 is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders.

ON BEHALF OF THE BOARD

Signed “Kyler Hardy”                                             
Kyler Hardy, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com 

Forward-Looking Statement:
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.

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