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February 2016

ASHBURTON INTERSECTS LITHIUM ON ITS ELON CLAIMS IN CLAYTON VALLEY, NEVADA

ASHBURTON INTERSECTS LITHIUM ON ITS ELON CLAIMS IN CLAYTON VALLEY, NEVADA 150 150 Progressive Planet Inc.

February 18th, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces it has received assay results from its recent work program on the 100% owned Elon claims located in Clayton Valley, Nevada. Eleven samples were submitted to ALS Minerals in Reno, Nevada and all have come back with positive lithium numbers.  The program consisted of surface sediment sampling from various locations across the property. 

 

Sample

Sample

Depth

Recvd Wt.

 

Property

Number

Type

(m)

kg

Li (ppm)*

Elon

K952825

soil

2.1

0.76

113.5

Elon

K952826

soil

3

0.83

126

Elon

K952827

Soil

3

0.84

104

Elon

K952828

Soil

3

0.75

140.5

Elon

K952829

Soil

3

0.87

146.5

Elon

K952830

Soil

3

0.61

111

Elon

K952831

Soil

3

0.72

107.5

Elon

K952832

Soil

2.8

0.91

124.5

Elon

K952833

Soil

3

0.83

118

Elon

K952834

Soil

3

0.89

117

Elon

K952835

Soil

3

1

134

 “We are extremely encouraged with the lithium results received to date. Our property is directly beside Pure’s discovery and right beside the CV-6 hole recently completed by Pure.   We are pleased now that Lithium-X has also acquired a large land package directly to our west to now completely enclose our property in between them and Pure.  Management is encouraged by these initial results and is actively searching for additional property in the vicinity to increase shareholder value.” stated Michael England, CEO of Ashburton Ventures. 

Aurora Geosciences Ltd. conducted the sampling on the Property and submitted 11 samples from the Elon property to ALS Minerals in Reno NV for analysis.  The samples were crushed, split, a portion was pulverized and a one (1) gram aliquot analyzed by ALS Chemex method ME-MS61 (48 element, including lithium, four acid ICP-MS).  

Roger Hulstein, B.Sc., P.Geo., a member of the Association of Professional Engineers and Geoscientists of British Columbia, is a Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this press release.

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

If you would like to be added the news release distribution please send an email to [email protected].

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 REPORTS BEST DRILL ASSAYS FROM BUCKINGHAM TO DATE – 139 METRES OF GRAPHITE MINERALIZATION INCLUDING 112 METRES GRADING 4.07% FROM BH15-03

ASHBURTON REPORTS BEST DRILL ASSAYS FROM BUCKINGHAM TO DATE – 139 METRES OF GRAPHITE MINERALIZATION INCLUDING 112 METRES GRADING 4.07% FROM BH15-03 150 150 Progressive Planet Inc.

February 11th, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) is pleased to announce new assay results from BH15-03, the best hole to date of its ongoing drilling program on the Company’s Buckingham Graphite Project located in southern Quebec. Additional results are still pending.

President and CEO Michael England states: “We are excited to observe mineralization appearing to extend at least 110 metres along strike following this broad, 1,500 metre geophysical anomaly at Buckingham. Our southernmost hole, BH15-03 encountered an impressive amount of mineralization, with about 140 metres of potential strike length extending to the southern boundary of our property yet to be tested. Furthermore, mineralization appears to correlate extremely well with the primary targeted geophysical anomaly. For reference, other graphite companies, such as Northern Graphite (NGC:TSXV), have average Cg grades of 1.89% (indicated reserves(1))  and Zenyatta Ventures Ltd. (ZEN:TSXV) average Cg grade is 3.89% (indicated resource(2)) respectively.”

Drilling and Assay Results:  BH15-03

Hole BH15-03 encountered 139.0 metres of disseminated graphite mineralization, hosted primarily within marble units, and reached a total depth of 224 metres terminating in mineralization. The hole was collared approximately 110 metres southwest of BH15-01, along strike of a broad, 1,500-metre long, northeast-trending geophysical anomaly. Hole information and assay results are summarized in Tables 1 & 2 and the Drilling Summary section below.

Table 1.  Drill Hole Location Data

Hole ID

Easting

Northing

Azimuth

Dip

Total Depth (m)

BH15-03

460503

5054494

310

-50.0

224.0

Coordinate system: NAD83 UTM Zone 18N

Table 2.  Summary of Significant Assay Data

Hole ID

From (m)

To (m)

Interval Length (m)

Graphitic Carbon (Cg) %

BH15-03

30.0

54.0

24.0

3.05

including

46.0

52.0

6.0

6.63

 

 

 

 

 

BH15-03

95.0

98.0

3.0

5.41

 

 

 

 

 

BH15-03

112.0

224.0

112.0

4.07

including

166.0

173.0

7.0

11.2

including

198.0

203.0

5.0

8.45

Geological Summary:  BH15-03

Lithologies encountered in BH15-03 consist of generally graphite-bearing, coarse-textured marble units intercalated with lesser quartzofeldspathic paragneiss. Minor pegmatite intrusions were encountered.

Similar to previous holes, graphite mineralization within BH15-03 is hosted dominantly by coarse, pebbly-textured marble units and occurs as disseminated, millimetre-scale flakes.

Structural measurements from BH15-03 were similar to those from BH15-01. Data provided by the drill core and from trenches situated directly above the drill hole suggest that the foliation (and therefore, the mineralized layers) strikes generally northeast and presents a roughly sub-vertical dip. This correlates closely with the anomalous northeast-oriented geophysical trend (~035°) identified by the TDEM (time-domain electromagnetic) survey conducted on the property.

These drill intervals represent apparent thicknesses. True widths will be determined after analysis of drill data is completed.

Cross sections and maps will be available on the Ashburton website. See link below for details:

http://www.ashburtonventures.com/?page=project&id=1003

Samples were treated at SGS Lakefield, Ontario, using method number GE/GO/GC_CS and code A05V. Graphitic carbon was determined by multistage furnace treatment and infrared detection on LECO instrumentation. Duplicates, standards and blanks were inserted at regular intervals for QA/QC purposes.

The technical content of this news release was approved by Mr. Case Lewis, P.Geo., director of Ashburton and a qualified person as defined by National Instrument 43-101.

1) Source: Northern Graphite Feasibility Study Bissett Creek Graphite Project, Ontario, Canada. Mining Services Inc. August 23, 2012.

2) Source: Zenyatta 43-101 Technical Report on the preliminary economic assessment of the Albany Graphite Project, Northern Ontario. RPA inc., July 9, 2015.

Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Canada and Nevada, USA. If you would like to be added the news release distribution please get in touch with us at [email protected].

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 ACQUIRES AREA 51 LITHIUM BRINE PROJECT IN NEVADA

ASHBURTON ACQUIRES AREA 51 LITHIUM BRINE PROJECT IN NEVADA 150 150 Progressive Planet Inc.

February 1st, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces it has acquired the Area 51 Lithium Brine prospect, located in Nye County, Nevada, from an arm’s length vendor.  The property consists of 85 Federal Placer Claims covering 1,700 acres covering the western portion of the Mud Lake playa adjoining the Nellis Air Force Bombing Range. 

Mud Lake is the largest playa within 50 km of Clayton Valley and is bordered by the same favorable Middle Tertiary felsic volcanic rocks considered to be the source of lithium at Clayton Valley.  The Area 51 Property claims are adjacent to the hills bounding the playa to the west and cover the likely location of subsurface range bounding faults which control the location of brines at Clayton Valley.  The claims abut the Nellis Air Force Range to the east which is closed to staking.  It is thus possible the claims may cover subsurface drainage in west-dipping strata from a much larger area than the claim footprint.

Surface sampling of unconsolidated playa sediment by the vendor returned analyses of 77 ppm to 83 ppm Li from 4 samples collected. The sediment samples collected by the vendor were analyzed by ALS Minerals in Reno NV. Samples were screened to -180um and the fine fraction analyzed by ICP-MS for 53 elements including lithium.

 “We are very excited to have one of the largest playa’s, which is what you are looking for with regards to a brine formation for lithium, outside Clayton valley. Considering that the majority of this substantial playa is under government territory, this means Ashburton is the only company now able to exploit this situation. We eagerly look forward to getting to work to determine the full extent of this high priority target.” stated Michael England, CEO of Ashburton Ventures. 

Terms of the deal call for the issuance of two hundred thousand shares of ASHBURTON and a cash payment of $US 20,000 payable on the first anniversary of the Acquisition. In addition the Company will grant the vendor a 0.5% NSR on mineral production from the Property, 0.25% of which can be purchased back for $500,000 USD at any time prior to the commencement of commercial production.

This transaction is subject to TSX Venture approval.

Roger Hulstein, B.Sc.,P.Geo, consulting geologist to the Company, is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Hulstein has reviewed and approved the disclosure of technical information contained in this news release.

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

If you would like to be added the news release distribution please send an email to [email protected].

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.

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