March 11, 2010, VANCOUVER, B.C.
– ASHBURTON VENTURES INC.
(ABR-TSX:V) (“Ashburton” or the "Company”)
historical data which includes a resource estimate report compiled in the late
1980’s on behalf of Corona Corporation based on drilling data on the Deep
Creek property. The resource estimate of 1.1 million tons containing 1.7 grams
(0.06 ounces) per ton of gold (70,000 ounces Au) was determined along a strike
length of 457 meters (1500 feet) and a depth of 122 meters (400 feet).
Reserves from the same report included approximately 477,000 ounces of gold in
7.5 million tons extending southward from the present property position. The
company has expanded its property position southward to include this reserve
estimate, which will increase to approximately 648 hectares (1,600 acres) the
total land position for the Deep Creek property.
A surface program is currently
underway at Deep Creek with results expected in the near future.
The Company emphasizes that both
the resource and reserve estimates are
and a qualified person has not done sufficient work to classify either the
historical estimate or the historical reserve estimate as current mineral
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. The property has not
been the subject of a National Instrument 43-101 report, and Dr. McCandless has
not verified the technical data disclosed in this release.
Ventures is a junior exploration company actively seeking mineral and energy
opportunities for the benefit of all its stakeholders. For more information
please visit the Company’s website located at
ON BEHALF OF THE
For further information contact:
Telephone: (604) 683-3995
Some 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