Ashburton sends core from Deep Creek to laboratory

2010-07-23 08:12 ET - News Release

Mr. Michael England reports

ASHBURTON ENCOUNTERS VISIBLE GOLD IN DRILL CORE

Ashburton Ventures Inc. has completed the first two holes at its Deep Creek project in Nevada. Visible gold has been reported by the project geologist in the second hole, and consequently the core is being prepped for analysis on a rush basis to ALS Chemex for assays.

Deep Creek, which consists of contiguous claims covering roughly 648 hectares (1,600 acres) located approximately 112 kilometres north of Elko, Nev., and 56 kilometres northeast of the Newmont-owned Midas mine in the Carlin gold trend, was discovered by Franco-Nevada in the mid-1980s and was the subject of sporadic exploration since that time. The objective of the first phase of drilling is to confirm the results of historical assays previously obtained for the property. The company will complete six to 10 core holes, with depths of up to 200 metres, along a prominent range front structure, where historical data from the earlier exploration period included a resource estimate of 1.1 million tons containing 70,000 ounces of gold, along a strike length of 457 metres (1,500 feet) and a depth of 122 metres (400 feet), with a reserve of approximately 477,000 ounces of gold in 7.5 million tons extending southward along the structure (see Stockwatch news dated May 6, 2010).

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