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March 11, 2010, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) has obtained 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 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, therefore these 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.

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

Forward-Looking Statement:
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.

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  • Ashburton Ventures Incorporated
    1240-789 West Pender St.
    Vancouver, BC, V6C 1H2
  • +1-604-683-3995
  • +1-888-945-4770
  • +1-604-683-3988
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    Symbol
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