ASHBURTON ACQUIRES YUKON PROPERTY ADJOINING UNDERWORLD’S WHITE GOLD PROJECT
ASHBURTON ACQUIRES YUKON PROPERTY ADJOINING UNDERWORLD’S WHITE
June 18, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) announces it has acquired lode Quartz mineral claims adjacent to the White Gold Property held by Underworld Resources (UW – TSX:V) located in the Yukon. The Ashburton Claims are tagged directly to the northeast, approximately 10km from Underworlds recently announced (May 26, 2009) discovery of 103 meters of 3.4 g/t Au. Ashburton’s claims appear to host similar metasedimentary stratigraphy as the Underworld White Gold project as outlined in GSC mapping by Gordey and Ryan. Of note, the Yukon Minfile pinpoints an adit
that was driven for 4.6 metres in 1902 on Ashburton’s claims. Ashburton will pay the vendor, Blair Naughty, $75,000 cash, 650,000 shares of the Company plus an additional 350,000 shares on the first year anniversary. A 3% NSR will be granted to the vendor with an option to buy back 1% for $1,000,000. The Company also agrees to spend $250,000 over the next 12 months as a work commitment. This transaction is subject to TSX Venture approval.
For further information we invite you to visit our website at www.ashburtonventures.com. The technical contents of this release were approved by Ashburton director and qualified person as defined by National Instrument 43-101, Marvin Mitchell, P.Eng.
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]
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.