Friday, February 26, 2016 9:56:48 AM
Ashburton Ventures Inc. has increased its landholdings in Clayton Valley, Nevada. These new claims are contiguous to the existing Elon claims already held by Ashburton. Additionally, these claims border both Pure Energy Minerals Ltd. and Lithium-X Corp. making the entire Elon project now enclosed between the two companies.
"We are very pleased to be able to acquire additional acreage in Clayton Valley. Our project is now completely enclosed by Lithium-X and Pure Energy putting ABR in the forefront of all the junior companies in Clayton Valley in our minds. We are looking forward to continuing work on our property based on the successful assays recently attained from the sampling (see news dated Feb. 22, 2016). Ashburton is the closest company to the current Pure drill program being approximately only 800 metres from the successful Pure CV-6 hole therefore providing ABR with tremendous leverage to additional successful drilling by Pure," stated Michael England, chief executive officer of Ashburton Ventures.
Purchase price of the six new claims from a non-arm's-length vendor for a 100-per-cent interest is 3.5 million shares to be issued upon TSX Venture Exchange approval.
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