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March 14th, 2013, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces it has acquired two prospective uranium properties located in Saskatchewan in the Alpha Minerals Inc., (TSX.V-AMW; “Alpha”) and Fission Energy Corp., (TSX.V-FIS; “Fission”) Patterson Lake South discovery area.
One claim, 147 hectares in size, is contiguous to the northern boundary of the Fission Energy Corp. block of claims which encompasses the Patterson Lake South Project and discovery area under the joint venture arrangement of Fission and Alpha. The other property is 1,090 hectares in size, and is located to the southwest of the Patterson Lake South discovery block, approximately 25 km from the boundary of the claims. This second property covers an area of historic Geological Survey of Canada (GSC) lake sediment samples that range from 3.9ppm Uranium to 7.69ppm Uranium. The distance between the two lakes that were sampled is approximately 2km.
Fission and Alpha are actively exploring the Patterson Lake South Uranium discovery and have recently announced via www.sedar.com on March 11, 2013, several zone intercepts of radioactivity including "53m interval of continuous mineralization; including 11.5metres of continuous off-scale radioactivity (greater than 9,999 counts per second); the sum of discrete intervals of off-scale radioactivity total 13.89 metres; and greater than 26% of the interval measure off scale."
Ashburton will now examine and compile all available historic and related mineral exploration data associated with the acquired properties towards the design and implementation of a set of 2013 uranium exploration work programs. The Company also intends to build its portfolio of uranium projects in the Athabasca Basin.
To purchase 100% of these claims Ashburton will issue 1.5 million shares of the Company and pay $10,000 upon signing. A finder’s fee will be payable.
The technical content of this release was approved by Paul D. Gray, P.Geo. Mr. Gray is a qualified person as defined by National Instrument 43-101.
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
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.
TSX.V ABR FRANKFURT ARB