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October 20th, 2011, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) reports that the drilling program at its Deep Creek Project, located 112 kilometers north of Elko, Nevada has been extended. Over 3,000 meters of drilling has been completed on the property, with all core split and submitted for assay with results expected in the coming weeks. Based on features observed in the core to date, an additional drill hole at Catscat Canyon was approved and is presently underway. Catscat Canyon was the focus of drilling by Ashburton in 2010, where several plus-one meter intercepts of roughly one gram per tonne gold assays were demonstrated (see news release, January 18th, 2010). All of the core samples are prepped for gold assay at the ALS Chemex Laboratories in Elko, Nevada and analyzed at their facilities in North Vancouver, B.C.
An additional target is also being considered for drilling, following a review of historical data obtained through an agreement with Newmont Mining Corp. (NYSE:NEM, see news release September 7th, 2010). The Hobbit target is located two kilometers south of Catscat Canyon, on the southern projection of the Range Front Structure. The historical data indicate that drilling was conducted immediately west of the Hobbit target area, to test a resistivity anomaly identified in 1986 by Kennecott Exploration. The Hobbit target includes outcrops on the Range Front Structure east of the resistivity anomaly that were not tested through drilling. In the late 1980`s, Franco-Nevada geologists obtained an average of 284 ppb gold from 35 rock grab samples collected across 1,000 meters of these outcrops. Ashburton has investigated and sampled the outcrops and has permitted seven locations for drilling, all of which have been approved.
The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101.
Ashburton Ventures is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders.
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.
TSX.V ABR FRANKFURT ARB