Here are ASSAY results
ASHBURTON REPORTS FIRST ROUND OF ASSAY RESULTS FROM BUCKINGHAM: 76.1 METRES OF GRAPHITE MINERALIZATION INCLUDING 8.0 METRES OF 17.7% CG FROM BH15-01
Ashburton Ventures Inc. is releasing assay results from the first hole, BH15-01, from its recent drilling program at its Buckingham graphite project in Southern Quebec.
Hole BH15-01, which targeted a broad, 1,500-metre-long, northeast-trending geophysical anomaly, encountered a total of 76.1 metres of disseminated graphite mineralization, hosted primarily within marble units, and reached a total depth of 209 metres. Hole information and assay results are summarized in the table and the drilling summary section below.
SUMMARY OF SIGNIFICANT ASSAY DATA Hole ID From (m) To (m) Interval length (m) Graphitic carbon (Cg) % BH15-01 3.7 15.0 11.3 1.81 BH15-01 70.0 106.0 36.0 2.51 including 73.0 85.7 12.7 4.16 BH15-01 175.0 203.8 28.8 8.36 including 185.0 193.0 8.0 17.7
President and chief executive officer Michael England stated: "We are pleased to see that the mineralized intervals our team identified in early December from visual inspection of core match up extremely well with our current assay results. We hope that subsequent results from the remaining four holes of the program (including BH15-03, which was reported to contain 148 metres of mineralization (1)) correlate equally as well. Based on this hole and purity tests yielding values as high as 96.1 per cent Ct (total carbon) in large-flake fractions (2), we are witnessing an exciting story beginning to unfold."
Drilling summary: BH15-01
Lithologies encountered in BH15-01 consist dominantly of intercalated quartzofeldspathic paragneiss and generally graphite-bearing coarse-textured marble units. Minor pegmatite intrusions were encountered, notably in the lowermost five metres of the hole.
Graphite mineralization within BH15-01 is hosted dominantly within coarse, pebbly textured marble units and occurs as disseminated, millimetre-scale flakes. The hole also encountered a small amount of vein-hosted graphite within a narrow pegmatite interval at the bottom of the hole, indicating the presence of vein graphite in the area. Note that in December, 2015, a 30-metre wide outcrop with lump-vein graphite hosted in fractures assaying up to 68.0 per cent Cg was discovered approximately 300 metres north of the drilling area (see ABR release dated Dec. 22, 2015).
Based on structural measurements taken from the drill core and from trenches directly above the drill hole, it is inferred that the foliation (and therefore, the mineralized layers) displays a general northeast strike and a roughly subvertical dip. This correlates very closely with the anomalous trend identified by the time-domain-electromagnetic survey conducted on the property, which trends roughly northeast (approximately 035 degree).
The structural picture of the mineralized zone will be expanded upon further as the company analyzes the logging data in conjunction with assay results from the remaining four holes. The company will release updates on this development in coming releases.
Cross-sections and maps will be available on the Ashburton website.
Samples were treated at SGS Lakefield, Ont., using method number GE/GO/GC_CS and code A05V. Graphitic carbon was determined by multistage furnace treatment and infrared detection on LECO instrumentation. Duplicates, standards and blanks were inserted at regular intervals for quality assurance/quality control purposes. The technical contents of this release were approved by Case Lewis, PGeo, director of Ashburton and a qualified person as defined by National Instrument 43-101.
(1) See Ashburton Ventures release dated Dec. 14, 2015.
(2) See Cavan Ventures Inc. release dated May 28, 2015.
About the Buckingham graphite project
The Buckingham graphite project consists of 28 claims located in Ranges VIII and IX, Buckingham township, Quebec, and covers an area of 1,683 hectares. The property is located 1.7 kilometres north of the historic, producing Walker graphite mine. Helicopter-borne magnetic and time-domain-electromagnetic surveys located a historic conductor and further resolved a parallel 300-metre-long conductor (see Cavan release dated Sept. 24, 2013). Historic airborne electromagnetic surveys have also identified additional conductors over a large portion of the Buckingham graphite project.
Purity tests on the property have yielded values as high as 96.1 per cent Ct from large-flake fractions from simple flotation without the need for further upgrading (see Cavan Ventures release dated May 28, 2015
