Ashburton Ventures Incorporated
Ashburton Ventures is a Canadian based junior exploration company trading on the TSX Venture Exchange with a Canadian and US Ticker symbol.
Canadian Ticker ABR.V
US Ticker ASHXF.PK
The company holds a variety of properties located throughout North America, including its flagship Deep Creek property in Nevada.
The Deep Creek property consists of nearly 2,000 acres of claims located 56km northeast of the Newmont-owned Midas mine.
A historic resource and reserve of over 500,000 ounces of gold has been obtained for Deep Creek,
which doesn’t include an area of high grade gold veining recently identified, with gold contents exceeding one ounce per ton in several samples.
http://www.ashburtonventures.com
Further results from samples taken along the Upper Vein area have produced, among other very notable results, a channel sample over one meter in width along the furthest southern end of the Upper Vein assaying at 47.9 g/t gold which appears to penetrate the softer clastic sedimentary units of the Paleozoic Schoonover Formation. Numerous samples of vein material have been assayed as shown in the table below.
This new set of results has extended the Upper Vein southward for a total length of approximately 640 meters. The data has also revealed that the Upper Vein is actually a network of veins occurring dominantly in the Precambrian McCoy Group metasediments, but also extending southward into Paleozoic sedimentary rocks identified as the Schoonover Formation.
In addition to the Upper Vein sampling, a float sample of vein material was also taken from above the Upper Vein area which assayed at 28.90 g/t gold. This result is particularly encouraging, as it indicates that additional gold-bearing veins must occur above the known trace of the Upper Vein.
Based on the encouraging results of the Upper Vein area, a program of further sampling, detailed structural mapping, and high resolution geophysics is planned for the coming months, to aid in selecting targets for drilling in early 2011.
The latest sampling program focused on obtaining assays northward for the Upper Vein, and extending the Upper Vein southward through prospecting. The southward prospecting identified the Upper Vein in poorly consolidated sedimentary rock interpreted to be the Schoonover Formation. Two Upper Vein samples in the Schoonover Formation have continuous widths of 1.0 and 1.2 meters, and gold contents of 47.9 and 42.5 g/t Au, respectively.
Sampling the Upper Vein northward proved to be difficult as the vein is poorly exposed due to loose surface cover, but where possible, channel widths of 0.15 meter were chiselled from the rock until sample weights exceeding one kilogram were obtained. Discontinuous vein widths mostly less than one meter were assayed, with values ranging from near detection limits up to 0.94 g/t Au.
Ashburton Ventures Inc.
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| Mailing Address: | Suite 1220
789 West Pender Street
Vancouver, British Columbia
V6C 1H2
| Head Office Address: | Suite 1220
789 West Pender Street
Vancouver, British Columbia
V6C 1H2
|
| Contact Name: | Michael England | Principal Regulator: | British Columbia |
| Business e-mail address: | englandcommunications@shaw.ca | Short Form Prospectus Issuer: | No |
| Telephone Number: | 604 683-3995 | Reporting Jurisdictions: | British Columbia, Alberta, Saskatchewan, Ontario |
| Fax Number: | 604 683-3988 | Stock Exchange: | TSX Venture |
| Date of Formation: | Nov 10 2006 | Stock Symbol: | ABR |
| Jurisdiction Where Formed: | British Columbia | Auditor: | Davidson & Company LLP |
| Industry Classification: | other | General Partner: | |
| CUSIP Number: | 043783 | Transfer Agent: | Computershare Investor Services Inc. |
| Financial Year-End: | Apr 30 | Size of Issuer (Assets): | Under $5,000,000 |
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Headlines
- Ashburton Exposes Upper Vein Widths of One Meter Assaying 47.9 g/t Gold and Potential Additional Gold Zones at Deep Creek, NevadaMarketwire(Thu, Oct 28)
- Ashburton Announces up to 1,180 g/t Gold from Ongoing Upper Vein Rock Samples at Deep Creek, NevadaMarketwire(Thu, Oct 14)
- Ashburton Announces Up to 94.3 g/t Gold From Upper Vein Rock Samples at Deep Creek, NevadaMarketwire(Tue, Oct 5)
- Ashburton Ventures Inc.: Update on Summer Program at Deep Creek, NevadaMarketwire(Wed, Sep 15)
- Ashburton Extends Yukon White Gold AgreementMarketwire(Wed, Sep 8)
- Ashburton Ventures Inc.: Newmont Provides Historical Data for Deep CreekMarketwire(Tue, Sep 7)
- Ashburton Encounters Visible Gold in Drill CoreMarketwire(Fri, Jul 23)
- Ashburton Drilling Program Underway for Deep Creek, NevadaMarketwire(Thu, Jun 17)
- Ashburton Approves 2010 Work Program for Deep Creek, NevadaMarketwire(Thu, May 6)
- Ashburton Receives Positive Geochemistry for the Deep Creek Gold Project, NevadaMarketwire(Tue, Mar 16)
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OUTSTANDING SHARES, STOCK OPTIONS AND WARRANTS
As of September 27, 2010, the Company had the following outstanding:
43,583,595 common shares
