Grizzly West Extension Project
|Location: Sheslay Valley, BC||Commodities: CU-AU|
|Interest: 100%||Size: 1,733 Hectares|
Ashburton more than doubled its land position in the prolific Sheslay district by acquiring strategic claims (see ABR April 25 news release) extending six kilometers north-south along the western border of Garibaldi Resources' Grizzly Property. The two claim blocks, which form the Grizzly West Extension Project, are within two kilometers of the Grizzly West porphyry target. Historical data for this highly prospective area have been reviewed extensively by Ashburton geologists, and a work program will commence shortly on the Grizzly West Extension Project.
To acquire the Grizzly West Extension claims, Ashburton will pay Victory Ventures Inc. $5,000 cash, issue 200,000 common shares of Ashburton and a 2% net-smelter-returns royalty, half of which may be purchased for $1-million. Ashburton will also be obligated to keep the claims in good standing for a period of 18 months from closing.