Home > Boards > Canadian > Mining/Resources > Ashburton Ventures Inc. New name PLAN - PROGRESSIVE PLANET SOLUTIONS INC (TSXV:PLAN)


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Sam Dan Member Level  Thursday, 11/02/17 09:10:42 AM
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ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce that an access road to the TransCanada Zeolite location, near Kamloops, BC, is now complete.

As announced on October 2nd, 2017, a Notice of Work was accepted and approved by the BC Ministry of Energy, Mines and Petroleum Resources which issued a Mine Number 1620339 and Environmental Permit Number MX-15-165 for road construction and extraction of a one thousand tonne zeolite bulk sample from the TransCanada Zeolite property.

Okanagan Aggregates Ltd., contracted to quarry the bulk sample, has excavating equipment on the property and is currently removing light overburden at the site. The overburden has been removed and quarrying has begun for the bulk sampling. One thousand metric tons of Fe-Zeolites will be stockpiled at the TransCanada site this week.

LuVerne Hogg, CEO of ZMM Minerals Canada Corp. and Ashburton’s appointed Operator of the TransCanada property, stated “This program will clarify our best options with respect to future operations. We anticipate the results of bulk sampling with great interest.”

ZMM has conducted product research and development on this new iron-bearing zeolite for the past two years. These new Fe-Zeolites have unique physiochemical properties and will continue to be tested in a wide range of industrial, environmental and consumer applications. Initially, the same production process will be used as at the Z-1 Zeolite Quarry. The TransCanada zeolites can be refined to a high purity, using high-intensity magnetic separation, thus potentially increasing the scope of products and services for new and existing markets.

Actively processing one thousand tonnes of these unique zeolites contained in volcanic flow rocks – stilbite, scolecite, and mordenite – is an innovative and exciting first for BC. Ashburton aims to be in a unique position as the only company in Canada to provide this suite of zeolite species.

The technical contents of this release were approved by LuVerne E.W. Hogg, a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

The Company further cautions that production decisions are not supported by a feasibility study of mineral reserves or an estimation of mineral resources and therefore there is an increased uncertainty and higher risks of technical failure and there is no certainty that the project will be found to be economic.

Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects in Quebec and British Columbia, Canada. If you would like to be added to the news release distribution please get in touch with us at info@ashburtonventures.com.

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