August 23rd, 2017, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to provide the following positive drill results from the Thompson Bros Lithium Project (“the Project”) in Manitoba, Canada located approximately 5 km from Far Resources (FAT-TSX:V) “Zoro” project, where 2017 drilling yielded comparable figures. Assays have been received for two out of six drill holes.
- Hole TBL001: from 35.4 to 47 metres (11.6 metre interval) of 1.37 wt. % Li2O
- Hole TBL002 from 19 to 24.4 metres (5.43 metre interval) of 1.55 wt. % Li2O
- Early results support the historical data
Six drill holes were completed at the Thompson Bros Lithium Project in Manitoba of which five encountered significant intervals of spodumene (lithium-bearing mineral) mineralization at downhole widths that are comparable or exceed those encountered from historical drill programs.
Hole One TBL17-001: 35.4 – 47 metres (11.6 metre interval returned a weighted average assay of 1.37% Li2O), is located near historic hole 102 (the hole ended in pegmatite due to unstable conditions), which intersected further pegmatite from 52.4 to 59.4 metres (7.0 metre interval).
Hole Two TBL17-002: 8.5 – 9.34 metres and 19 – 24.4 metres (two intervals, 0.84 metres and 5.43 metres returned weighted average assays of 0.53 wt. % and 1.55 wt. % Li2O respectively), is located near historic hole 111 which also encountered two intervals: 20.9 to 24.5 metre (3.6 m interval) and 55.5 to 57.3 metre (1.8 metre interval).
CEO Mike England stated “The first two holes have shown a strong correlation with existing historic drill data and have returned excellent grade at relatively near surface intersections. We are eager to see the remaining four drill hole assays and look forward to reporting results.”
The project is financed by Quantum Resources Limited (ASX: “QUR”) who has the right to earn in up to 80% of the project.
The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person as defined by National Instrument 43-101.
Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects in Quebec and British Columbia, Canada. If you would like to be added to the news release distribution please get in touch with us at [email protected].
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
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.