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September 29, 2009 , VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) announces that results from the Induced Polarization survey have now been received by their consultant for the Chukuni Property in Red Lake, Ontario. Compilation of the data has identified five potential drill targets based on coincident chargeability/resistivity anomalies. The potential targets include chargeable/resistive zones in the interpreted fold nose of the Howey Diorite, the Diorite/Mafic Volcanic contact plus sulphide bearing zones within the Mafic Volcanic unit to the north of the Howey intrusive.
A follow up work program is now underway to prioritize the targets via prospecting over the geophysical anomalies. Where outcrop is lacking soil sampling will be undertaken to evaluate the anomalies.
The Chukuni property lies 3.5 km south of Goldcorp’s Red Lake-Campbell Mine Complex, currently one of Canada’s largest and richest Archean gold deposits. Goldcorp’s Red Lake-Campbell Mine Complex produced 629,000 ounces of gold in 2008.
Ashburton Ventures Inc. has an option agreement with Solitaire Minerals Corp (SLT-TSX:V) to acquire a 60% interest in the Chukuni Property consisting of 3 claims, covering 2,035 acres in the Red Lake Mining District of Ontario.
Mr. Andrew Tims, P.Geo will be operating as the Company's qualified person under National Instrument 43-101. Mr. Andrew Tims has reviewed the technical content of this news release and confirms its accuracy. Mr. Andrew Tims is independent of the Company.
Ashburton also wishes to correct details in it press release dated August 20th, 2009. The release stated Finders' fees consisting of 30,000 broker warrants and $30,000 in cash was paid when the actual amount should have read 300,000 broker warrants and $30,000 cash was paid in relation to its $300,000 private placement it had closed on that date.
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
TSX.V ABR FRANKFURT ARB