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January 20th, 2011, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to provide additional assays for its Deep Creek Project located 112 kilometres north of Elko, Nevada. New samples from the Upper Vein have assayed 148 g/t and 68.4 g/t gold, which extend the higher gold content zone (>10 g/t Au) five meters southward along strike, for a total extent of 35 meters. Considered with previous assays, the results indicate continuity in gold content along select portions of both veins that will be targeted for follow-up sampling and drilling in the 2011 exploration program. The Waterfall Vein, with an outcrop length of over 200 meters, has returned a second assay of 25.5 g/t Au, which with a previous assay of 20.5 g/t Au extends the higher gold content zone to roughly three meters along strike.
Upper
Vein Area
The Upper Vein Area is located 700 meters north of the Waterfall Vein, with a north-northwest strike length of over 640 meters. Several previous assays of the Waterfall Vein indicate a high gold content zone (>10 g/t Au) of roughly 30 meters. Two new vein samples have assayed at 148 g/t and 68.4 g/t gold, and extend the high gold zone five meters southward for a total extent of 35 meters. Three samples of breccia located 375 meters north of the higher gold content zone and offset on north-south structures assayed at 0.10-0.19 g/t Au.
Waterfall Vein Area
The Waterfall Vein system strikes north-northwest with an approximate length of roughly 200 meters (see news release, January 18th, 2011). A previous sample of the Waterfall Vein assayed at 20.5 grams per tonne gold over a 0.5 meter interval, and a new sample collected three meters north along the vein has assayed at 25.5 g/t Au over a 1.5 meter width. Together, the samples define a strike length of roughly three meters for higher gold content (>10 g/t Au) in the Waterfall Vein. Two samples of breccia located 80 meters north and offset from the Waterfall vein were also assayed at 0.37 and 0.44 g/t gold.
Assays for the Upper Vein and Waterfall Vein areas are summarized in the table below, and images of their distribution can be viewed at the Ashburton website www.ashburtonventures.com .
Assays from the Upper Vein and Waterfall Vein Areas.
|
Au, g/t |
Ag,g/t |
Sample Wt. kg |
Approx. Width, meters |
Upper Vein Area |
||||
New Results |
|
|
|
|
vein |
148 |
207 |
2.17 |
0.5 |
vein |
68.4 |
44.1 |
3.18 |
0.5 |
breccia |
0.10 |
1.4 |
2.71 |
nd |
breccia |
0.11 |
3.1 |
2.24 |
nd |
breccia |
0.19 |
<0.7 |
2.25 |
nd |
Previously Reported |
|
|
|
|
vein splays |
1180 |
828 |
1.78 |
<1 |
vein |
355 |
249 |
1.04 |
0.2 |
vein |
94.3 |
123.5 |
2.37 |
0.2 |
vein |
56.3 |
38.4 |
3.19 |
0.15 |
vein |
47.9 |
18.8 |
3.04 |
1 |
vein |
42.5 |
13.2 |
2.34 |
1.2 |
vein |
40.1 |
38.3 |
2.10 |
0.6 |
vein |
16.8 |
30.2 |
0.97 |
0.2 |
vein |
9.79 |
7.6 |
2.47 |
0.4 |
vein |
7.03 |
5.5 |
3.01 |
0.4 |
vein |
2.91 |
6.4 |
2.35 |
0.4 |
stockwork |
0.94 |
1.7 |
6.34 |
0.9 |
Waterfall Vein Area |
||||
New Results |
|
|
|
|
vein |
25.5 |
11.7 |
4.09 |
1.5 |
vein |
0.13 |
0.80 |
3.35 |
0.5 |
breccia |
0.37 |
<0.7 |
2.83 |
0.5 |
breccia |
0.44 |
1.80 |
2.65 |
0.5 |
Previously Reported |
|
|
|
|
vein |
20.5 |
15 |
2.98 |
0.5 |
vein |
13.5 |
na |
2.35 |
0.5 |
vein+CR |
0.28 |
<0.7 |
3.19 |
1.5 |
NOTE: Where possible, samples were chiseled from exposures to their contact with country rock, and along strike to obtain a sample weight exceeding 1.5 kg. na = not analyzed. nd = not determined. CR = country rock |
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
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.