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September 14, 2010, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) is pleased to provide an update on its summer exploration program at the Deep Creek Project, located 112 kilometers north of Elko, Nevada. The company recently completed an agreement with Newmont Mining Corporation (NEM-TSX), whereby Newmont provided their historical data pertaining to the Deep Creek Property in exchange for a 0.5% NSR (see news release September 7, 2010). The new drilling by Ashburton has confirmed that gold mineralization within the range front structure is at approximately the same meterage intervals, with similar grades, as the historical data. Ashburton drill hole DC-10-C-2 has been only partially assayed but has a gold intercept of 1.03 g/t from 70-73 meters, and drill hole DC-10-C-4 intercepted 1.46 g/t gold from 104-105 meters. The nearest historic drill hole (M88-3C) reported an average of 3.70 g/t gold from 105-123 meters (0.11 oz/ton over 70 feet). Additional gold intercepts in Ashburton hole DC-10-C-4 include 3.92 g/t from 67-69 meters , and 2.01 g/t from 75-76 meters.
Four holes have been drilled, with core undergoing assay at ALS Chemex Laboratories. Less than half the core has been assayed to date. A fifth drill hole on the range front structure is presently being completed at the property, after which the company will halt drilling while it receives and interprets the remaining drill core assays, and assimilates the historical data provided by Newmont. Review of all data will be carried out with the objective of defining mineralization on the property according to modern-day regulations.
All holes were drilled at roughly 45 degrees inclination to match historic drilling, such that drill intercepts would be roughly perpendicular to the range front structure that is the primary host for gold mineralization. Drilling at this inclination parallels the apparent bedding in altered sedimentary and igneous rocks adjacent to the range front structure, meaning that all rock types are not completely sampled. As the sedimentary and igneous rocks represent a larger, low grade gold mineralization target (see news release March 16, 2010), drilling to focus on this target will be included in future programs.
Prospecting along the range front structure is also continuing upslope from the drilling activity, where recent vein outcrop sampling generated a result of 40.1 g/t gold (1.17 oz/ton) in a 2.1 kg sample. Several veins with visible gold outcrop in this upper area, and detailed mapping and assaying is underway to determine their thickness and strike extent.
The Deep Creek Property consists of claims covering over 648 hectares (1,600 acres), and is 56 kilometers northeast of the Newmont-owned Midas mine in the prolific Carlin gold trend. Formerly called Millionaria, Deep Creek was explored initially in the mid-1980’s, and drilling that followed produced an estimated reserve of 477,000 ounces of gold in 7.5 million tons, and resource of 70,000 ounces of gold in 1.1 million tons (see news release March 11, 2010). Both the reserve and resource estimates are historical, and a qualified person has not done sufficient work to classify either the historical reserve or the historical resource estimate as current mineral resources, therefore these historical reserves should not be relied on and do not have currently demonstrated economic viability.
The technical contents of this release were approved by Ashburton director and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, P.Geo.
Ashburton Ventures is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For more information visit the Company’s website located at www.ashburtonventures.com.
ON BEHALF OF THE
Michael England, President
For further information contact:
Telephone: (604) 683-3995