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July 23, 2010, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) is pleased to announce the first two holes have been completed at its Deep Creek project in Nevada. Visible gold has been reported by the project geologist in the second hole, and consequently the core is being prepped for analysis on a rush basis to ALS Chemex for assays.
Deep Creek, which consists of contiguous claims covering roughly 648 hectares (1,600 acres) located approximately 112 kilometers north of Elko, Nevada and 56 kilometers northeast of the Newmont-owned Midas mine in the Carlin gold trend, was discovered by Franco-Nevada in the mid 1980's, and was the subject of sporadic exploration since that time. The objective of the first phase of drilling is to confirm the results of historical assays previously obtained for the property. The company will complete six to 10 core holes, with depths up to 200 metres, along a prominent range front structure, where historical data from the earlier exploration period included a resource estimate of 1.1 million tons containing 70,000 ounces of gold, along a strike length of 457 metres (1,500 feet) and a depth of 122 metres (400 feet), with a reserve of approximately 477,000 ounces of gold in 7.5 million tons extending southward along the structure (see Stockwatch news dated May 6, 2010). The Company emphasizes that the resource and reserve estimates are historical, and a qualified person has not done sufficient work to classify either the historical estimate or the historical reserve estimate as current mineral resources and therefore they should not be relied on.
Ashburton 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 www.ashburtonventures.com.
ON BEHALF OF THE BOARD
Michael England, President
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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 this release.