Ashburton Ventures Inc.

Ashburton Ventures Inc.

December 22, 2015 08:00 ET

Ashburton Releases Outcrop Sampling Results From Buckingham, Announces Discovery of New Lump Vein Graphite Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR) (FRANKFURT:ARB) ("Ashburton" or the "Company") is pleased to announce its latest outcrop sampling assay results and the discovery of a new lump-vein graphite-bearing zone at its Buckingham Graphite Project in Southern Quebec.

A total of 18 outcrop samples were taken from two areas: (1) a newly-discovered lump-vein bearing graphitic zone located approximately 300 metres northeast along strike from the current drilling area and; (2) in and around the zone of current drilling.

New Lump-Vein Bearing Graphitic Zone Sampling

Nine outcrop samples were taken from the newly discovered location 300 metres north of the current drilling area and consist of a mixture of disseminated and lump-vein samples. Graphitic showings were sampled over approximately 80 metres in this area, including an exposure consisting of fractured pegmatite measuring at least 30 metres across and containing crystalline lump-vein graphite in fractures. Lump vein samples from this area assayed up to 68.0% Cg and sampling highlights from this area are shown in Table 1.

Drilling Area Sampling

9 outcrop samples were taken in and around the area of current drilling and consist entirely of disseminated graphite. The positive assay results in this area provide further evidence of continuity of mineralization between drilling locations and projection of mineralization identified in drill intervals towards the surface. Highlights from sampling in this area are shown in Table 2.

Readers may refer to the maps available on the Ashburton website for sample locations and drilling:

The company also wishes to update readers that assay results from the current drilling campaign are expected in early January.

Table 1. Lump-Vein Bearing Graphitic Zone Sampling Highlights:
Northing Easting Cg %
36566 Disseminated 5055065 460612 14.3
36568 Disseminated 5055041 460605 12.2
36569 Lump vein 5055017 460603 36.0
36570 Lump vein 5055014 460602 68.0
36571 Lump vein + wall rock 5054988 460597 8.82
Table 2. Drilling Area Outcrop Sampling Highlights:
Northing Easting Cg %
01501 Disseminated 5054897 460586 13.3
01502 Disseminated 5054641 460483 17.1
01505 Disseminated 5054516 460474 20.1
01506 Disseminated 5054528 460461 21.7
01507 Disseminated 5054533 460463 28.6
01508 Disseminated 5054540 460541 18.5
01509 Disseminated 5054554 460446 22.6
01510 Disseminated 5054556 460454 26.4

Samples were treated at SGS Lakefield, Ontario, using method number GE/GO/GC_CS and code A05V. Graphitic carbon was determined by multistage furnace treatment and infrared detection on LECO instrumentation.

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., Director of Ashburton and a Qualified Person as defined by National Instrument 43-101.

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 kilometers north of the historic, producing Walker Graphite Mine. Helicopter-borne magnetic and time-domain electromagnetic surveys located a historic conductor, and further resolved a second parallel conductor to a length of 300 meters (see Cavan release, September 24, 2013). Historic airborne electromagnetic surveys have identified additional conductors striking over a large portion of the Buckingham Graphite Project.
Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Canada and Nevada, USA.

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Michael England, President

Forward-Looking Statements:

Some of the 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.

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