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ASHBURTON ANNOUNCES COMMENCEMENT OF WORK ON LITHIUM PROJECT IN NEVADA PLUS BULLION HILLS RESULTS
September 15, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) announces it has completed its due diligence with respect to the newly acquired “HY” claims (see PR dated August 19, 2009) and have now finalized the agreement to acquire a 100% interest in 37 federal mining claims with known occurrences of lithium in Churchill and Pershing Counties, Nevada.
The Company is now preparing to do an initial ground program commencing within the next 10 days which will consist of a first-pass assessment of the property including geologic mapping and reconnaissance sampling.
The “HY” claims cover approximately 740 acres (300 hectares) and were the subject of reconnaissance surveys in the late 1970's and a preliminary work project in the 1980’s. The original reconnaissance and follow up program was directed by geologist Jay W. Santos. This work included 242 shallow auger holes to test the lithium dispersion below the feed source. Commercial analytical laboratories showed total lithium contents ranging from 86 to 1480 ppm from rock and soil samples in the auger holes. The majority of the reconnaissance analyses were done in house and are not part of this release. The higher grade zones appeared to be related to the clay content of the holes. A resistivity survey of a small portion of the property was contracted out, results of which showed two well defined zones of lower resistivity at depth, possibly indicating a brine or clay-rich zones.
This transaction is subject to TSX Venture Exchange approval.
David Hedderly-Smith, Ph.D, P.Geo is an advisor to Ashburton, a Qualified Person as defined by N.I. 43-101, and has approved the information in this press release. The property has not been the subject of a National Instrument 43-101 report, and Dr. Hedderly-Smith has not verified the technical data disclosed in this release.
Ashburton also announces that drill assay results have been received for the Bullion Hills Property, located 240 kilometers northeast of Fairbanks, Alaska, in the historic Circle Mining District. Drilling tested a granitic pluton exposed on the property, and adjacent metasediments. Eight holes totaling 440 meters were drilled to a maximum length of 90 meters (~300 feet), and assayed for Au at roughly 1.5-meter intervals. Values up to 0.6 g/t Au were obtained in the pluton with similar values obtained in the metasediments, with the highest interval being 2.2 g/t Au over 1.2 meters.
Ashburton Ventures is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all its stakeholders.
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995