December 5, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce the completion of the ground-based PhiSpy geophysical survey undertaken by DD Geoscience of Ottawa, Ontario on its Buckingham Graphite property located in Southwestern Quebec. The survey’s result will allow a short and more focused drilling program (Phase III) that will help define the geometry of the graphite deposit and ultimately obtain a NI 43-101 compliant resource estimate.
The Company also announces that the phase three drilling program has commenced and will expand on previous drilling completed in Q3, 2016.
Furthermore, Ashburton Ventures has sent an 80 kg of bulk sample of graphite-rich core material to the SGS Metallurgical Laboratory to characterize the graphite concentrate such as its mineralogical composition, flake sizes, recoverability and particle distribution and to establish a flotation procedure.
President and chief executive officer Michael England stated: "This program will provide additional data which will be incorporated into an up to date 43-101 being written by Inlandsis Consultants of Montreal, Quebec.”
The Buckingham graphite property consists of 18 claims in ranges VIII and IX, Buckingham Township, Quebec, which cover an area of 1,082 hectares. Exploration on the southern part of the claim group has yielded assay results as high as 21.6 per cent Cg (graphitic carbon) over 14.5 metres from channel samples and purity results up to 96.1 per cent Ct (total carbon) from large-flake fractions (see Cavan PR dated July 17, 2014 and May 28, 2015). A first-phase drill program returned assays of 112 meters of 4.07% ( see PR dated February 11, 2016) as well as 16 meters of 11.09% Cg and 88 meters of 3.29% Cg. (see PR dated June 23, 2016).
The technical content of this news release was approved by Dr. Michel Boily, P.Geo., director of Ashburton and a qualified person as defined by National Instrument 43-101.
Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Quebec, 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
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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.