Ashburton Expands Sheslay Valley Claim Position
03 Februar 2014 - 12:01PM
Marketwired
Ashburton Expands Sheslay Valley Claim Position
Gossanous Zone at Hackett Within 1,000 Meters of Doubleview
Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 3, 2014) -
ASHBURTON VENTURES INC. (TSX-VENTURE:ABR)(FRANKFURT:ARB)
("Ashburton" or the "Company") announces today that it has staked
additional mineral tenures (444 hectares) in the Sheslay Valley to
be included in the Company's Hackett Project which is contiguous to
the Doubleview Capital Corp. Hat Cu-Au property.
The original Hackett claim group adjoins the eastern and
southern borders of the Hat property. During recent flyovers at the
Hackett, a large gossanous zone along the western portion of the
property was observed from the air. The western edge of Hackett is
within 1,000 meters of Doubleview's discovery drill holes that
indicate the strong potential for a copper-gold alkalic
porphyry-type deposit (see Doubleview Capital Corp. news
release, January 20, 2014). This gossan will be the subject of
an early work program including sampling and mapping, as soon as
weather permits, in order to prioritize potential drill
targets.
Volcanic-sedimentary assemblages and intrusive rocks at the
Hackett and Hat properties are similar and are believed to be part
of the Stuhini Group, presently the focus of heightened exploration
activity in northern British Columbia. Historical aeromagnetics for
the Hackett identified a magnetic high on the southern portion of
the claims (B.C. Minfile Report #18158, 1988).
"Ashburton is extremely fortunate to have claims adjoining, and
on trend, with these significant discovery holes drilled by
Doubleview. Expanding our land position at this time is an
important strategic move for what is setting up to be an exciting
work season throughout the Sheslay district," states Mike England,
CEO of Ashburton Ventures.
Additionally, further to Ashburton's news release of January 22,
2014, it has also extended the closing of its non-brokered
flow-through private placement of 2.5 million flow-through units at
a price of five cents per unit for total gross proceeds of $125,000
to February 15, 2014. Each flow-through unit will comprise one
common share and one share purchase warrant of the company. Each
warrant will entitle the holder to purchase one share for a period
of 24 months from the closing date at an exercise price of 10 cents
per warrant share.
The technical contents of this release were approved by Marvin
A. Mitchell, P. Eng., Technical Advisor to Ashburton and a
qualified person as defined by National Instrument 43-101. The
properties have not been the subject of a National Instrument
43-101 report, and Mr. Mitchell has not verified the technical data
disclosed in this release.
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 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.
Ashburton Ventures Inc.Michael EnglandPresident1-604-683-3995 or
Toll Free: 1-888-945-4770www.ashburtonventures.com
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