Ashburton Ventures Inc.
TSX VENTURE : ABR
FRANKFURT : ARB

Ashburton Ventures Inc.

November 04, 2013 09:24 ET

Ashburton Reports Positive Radon Survey and Boulder Assay Results From Sienna West Uranium Property, Western Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) ("Ashburton" or the "Company") is pleased to announce the results for phase-one exploration of its 100%-owned Sienna West Property, located roughly 40 kilometers southwest of the Alpha Minerals Inc. and Fission Uranium Corp. Patterson Lake South discovery. Through an alliance with Alpha-Track Uranium Services (see Ashburton news release, June 10, 2013), radon detector cups were deployed across the property, and three areas have been identified on the property that merit follow-up surveys. Twelve radioactive boulders were also analyzed for uranium (see news release September 16, 2013) and two reported 12.4 and 184.5 ppm U, with the latter in an area where high radon counts were also detected.

CEO and Director Michael England states, "The positive results we have obtained in this early stage of exploration at Sienna West are very encouraging. The property sits well away from the activity at Patterson Lake South, but is already showing signs of a potential new area play. The Company is presently assessing its plans for Sienna West as we enter into the winter season."

Boulder samples were analyzed for uranium at ALS Minerals (North Vancouver, B.C.) using protocol ME-MS61. Radon cups were placed across the property in reconnaissance fashion to assess as much area as possible, with each cup buried to a minimum depth of 50 centimetres. Thirty-five cups were buried for at least 30 days prior to retrieval for analysis (eight cups were subsequently dug up by local wildlife and collected no data). Results for the remaining 27 cups are normalized to 30 days exposure time and reported as tracks per square millimetre (T/mm2), with an average of 53.9 T/mm2. Sample points for the southern portion of the property were contoured using an interval of 20 T/mm2, revealing two anomalous areas, with the southernmost anomaly roughly 600m north of a lake that reported 3.9 ppm U in a government lake sediment survey (see Geological Survey of Canada Open File Report 1642, 1988, 100p.).

A third anomalous area occurs in the far north of the property, where the highest radon measurement of 111 T/mm2 occurs in the same area as the boulder sample with the highest U content (184.5 ppm U). This is the area where the greatest number of cups was lost to wildlife, and as such no contouring of data was possible. This far north area as well as the two anomalous areas to the south merit gridded radon surveys as follow-up to these early results.

About the Sienna Uranium Project

The Sienna Uranium Project covers over 1,090 hectares at Sienna West, and also includes the 147-hectare Sienna North Property that is contiguous with the northern boundary of the Patterson Lake South Project that is presently under advanced exploration by Alpha Minerals Inc. and Fission Uranium Corp. (see news release, March 14, 2013). On the Sienna West Property, historic Geological Survey of Canada lake sediment samples collected from two lakes in the southern part of the property range from 3.9-7.69 ppm uranium, ranking these samples in the top 98th percentile of 909 samples collected over roughly 16,000 km2 of northwestern Saskatchewan (Geological Survey of Canada Open File Report 1642, 1988, 100p.). Reconnaissance radon cup surveys recently completed by the Company also indicate anomalous radioactivity for this portion of the Sienna West Property.

The technical contents of this release were approved by Marvin A. Mitchell, P. Eng., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Mr. Mitchell has not verified the technical data disclosed in this release.

The Company also announces the resignation of Phil Taneda as a Director of Ashburton Ventures, and would like to thank Mr. Taneda for his contributions and wish him well in his future endeavours.

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

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

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.

Contact Information

  • Ashburton Ventures Inc.
    Michael England
    President
    (604) 683-3995