Ashburton Ventures Inc.
TSX VENTURE : ABR
FRANKFURT : ARB

Ashburton Ventures Inc.

January 20, 2011 08:00 ET

Ashburton Receives Additional High Gold Assays Up to 148 g/t for the Deep Creek Gold Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR) (FRANKFURT:ARB) ("Ashburton" or the "Company") is pleased to provide additional assays for its Deep Creek Project located 112 kilometres north of Elko, Nevada. New samples from the Upper Vein have assayed 148 g/t and 68.4 g/t gold, which extend the higher gold content zone (>10 g/t Au) five meters southward along strike, for a total extent of 35 meters. Considered with previous assays, the results indicate continuity in gold content along select portions of both veins that will be targeted for follow-up sampling and drilling in the 2011 exploration program. The Waterfall Vein, with an outcrop length of over 200 meters, has returned a second assay of 25.5 g/t Au, which with a previous assay of 20.5 g/t Au extends the higher gold content zone to roughly three meters along strike.

Upper Vein Area 

The Upper Vein Area is located 700 meters north of the Waterfall Vein, with a north-northwest strike length of over 640 meters. Several previous assays of the Waterfall Vein indicate a high gold content zone (>10 g/t Au) of roughly 30 meters. Two new vein samples have assayed at 148 g/t and 68.4 g/t gold, and extend the high gold zone five meters southward for a total extent of 35 meters. Three samples of breccia located 375 meters north of the higher gold content zone and offset on north-south structures assayed at 0.10-0.19 g/t Au.

Waterfall Vein Area 

The Waterfall Vein system strikes north-northwest with an approximate length of 200 meters (see news release, January 18th, 2011). A previous sample of the Waterfall Vein assayed at 20.5 grams per tonne gold over a 0.5 meter interval, and a new sample collected three meters north along the vein has assayed at 25.5 g/t Au over a 1.5 meter width. Together, the samples define a strike length of roughly three meters for higher gold content (>10 g/t Au) in the Waterfall Vein. Two samples of breccia located 80 meters north and offset from the Waterfall vein were also assayed at 0.37 and 0.44 g/t gold.

Assays for the Upper Vein and Waterfall Vein areas are summarized in the table below, and images of their distribution can be viewed at the Ashburton website www.ashburtonventures.com.

Assays from the Upper Vein and Waterfall Vein Areas.
 
    Au,
g/t
  Ag,
g/t
  Sample  
Approx.
Upper Vein Area
New Results                
vein   148   207   2.17   0.5
vein   68.4   44.1   3.18   0.5
breccia   0.10   1.4   2.71   nd
breccia   0.11   3.1   2.24   nd
breccia   0.19   <0.7   2.25   nd
Previously Reported                
vein splays   1180   828   1.78   <1
vein   355   249   1.04   0.2
vein   94.3   123.5   2.37   0.2
vein   56.3   38.4   3.19   0.15
vein   47.9   18.8   3.04   1
vein   42.5   13.2   2.34   1.2
vein   40.1   38.3   2.10   0.6
vein   16.8   30.2   0.97   0.2
vein   9.79   7.6   2.47   0.4
vein   7.03   5.5   3.01   0.4
vein   2.91   6.4   2.35   0.4
stockwork   0.94   1.7   6.34   0.9
Waterfall Vein Area
New Results                
vein   25.5   11.7   4.09   1.5
vein   0.13   0.80   3.35   0.5
breccia   0.37   <0.7   2.83   0.5
breccia   0.44   1.80   2.65   0.5
Previously Reported                
vein   20.5   15   2.98   0.5
vein   13.5   na   2.35   0.5
vein+CR   0.28   <0.7   3.19   1.5
                 
NOTE: Where possible, samples were chiseled from exposures to their contact with country rock, and along strike to obtain a sample weight exceeding 1.5 kg. na = not analyzed. nd = not determined. CR = country rock.

The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101.

Ashburton Ventures is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders.

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Ventures Inc. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information