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ASHBURTON REPORTS PROGRESS ON NEVADA AND RED LAKE GOLD PROJECTS
February 04, 2010, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) is providing an update for two of its gold exploration projects.
Deep Creek Gold Project, Nevada
The company has completed its first phase of geologic mapping and geochemical sampling at the Deep Creek property in northern Nevada. The Deep Creek claims are located approximately 112 kilometers north of Elko, Nevada, and 56 kilometers northeast of the Newmont-owned Midas mine, in the Independence segment of the prolific Carlin gold trend. This first phase of the program included soil and rock sampling along a range-front structure in Paleozoic rocks where highly silicified breccias and sinters occur. During the exercise, reconnaissance panning of a small stream that cuts through sediments east of the fault recovered visible gold, confirming historical reports of visible gold on the property. The program is nearly complete, and results for the geochemical sampling is expected in the next few weeks. The drill permitting process is also underway with drilling anticipated in the upcoming months.
Chukuni Gold Project, Red Lake, Ontario
The Chukuni property lies within the southern corridor of the Cochenour-Gullrock deformation zone and is approximately 3.5 km south of Goldcorp’s Red Lake-Campbell Mine Complex. Logistics have required that the company fly in a helicopter-supported portable drill rig in to the Chukuni Project, resulting in a slight setback in commencement of drilling.
Tom E. McCandless, Ph.D, P.Geo, a director of Ashburton and Qualified Person as defined by N.I. 43-101, has approved the information in this press release. Neither property has been the subject of a National Instrument 43-101 report and Dr. McCandless has not verified the technical data disclosed in this release.
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
For further information contact:
Telephone: (604) 683-3995
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Venturess 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.
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