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ASHBURTON RECEIVES ADDITIONAL HIGH GOLD ASSAYS UP TO 148 G/T FOR THE DEEP CREEK GOLD PROJECT, NEVADA

Released January 20th, 2011

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.