Ashburton Ventures Inc. Reports Best Drill Assays from Buckingham to Date

139 Metres of Graphite Mineralization Including 112 Metres Grading 4.07% from BH15-03

Vancouver, British Columbia (FSCwire) - Ashburton Ventures Inc. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce new assay results from BH15-03, the best hole to date of its ongoing drilling program on the Company’s Buckingham Graphite Project located in southern Quebec. Additional results are still pending.

President and CEO Michael England states: “We are excited to observe mineralization appearing to extend at least 110 metres along strike following this broad, 1,500 metre geophysical anomaly at Buckingham. Our southernmost hole, BH15-03 encountered an impressive amount of mineralization, with about 140 metres of potential strike length extending to the southern boundary of our property yet to be tested. Furthermore, mineralization appears to correlate extremely well with the primary targeted geophysical anomaly. For reference, other graphite companies, such as Northern Graphite (NGC:TSXV), have average Cg grades of 1.89% (indicated reserves(1)) and Zenyatta Ventures Ltd. (ZEN:TSXV) average Cg grade is 3.89% (indicated resource(2)) respectively.”


Drilling and Assay Results: BH15-03

Hole BH15-03 encountered 139.0 metres of disseminated graphite mineralization, hosted primarily within marble units, and reached a total depth of 224 metres terminating in mineralization. The hole was collared approximately 110 metres southwest of BH15-01, along strike of a broad, 1,500-metre long, northeast-trending geophysical anomaly. Hole information and assay results are summarized in Tables 1 & 2 and the Drilling Summary section below.


Table 1. Drill Hole Location Data

Hole ID    Easting    Northing   Azimuth      Dip    Total Depth (m)
BH15-03     460503     5054494       310    -50.0          224.0

Coordinate system: NAD83 UTM Zone 18N

Table 2. Summary of Significant Assay Data

Hole ID    From (m)   To (m)   Interval Length (m)   Graphitic Carbon (Cg) %
BH15-03      30.0       54.0          24.0                   3.05
including    46.0       52.0           6.0                   6.63
BH15-03      95.0       98.0           3.0                   5.41
BH15-03     112.0      224.0         112.0                   4.07
including   166.0      173.0           7.0                   11.2
including   198.0      203.0           5.0                   8.45

Geological Summary: BH15-03

Lithologies encountered in BH15-03 consist of generally graphite-bearing, coarse-textured marble units intercalated with lesser quartzofeldspathic paragneiss. Minor pegmatite intrusions were encountered.

Similar to previous holes, graphite mineralization within BH15-03 is hosted dominantly by coarse, pebbly-textured marble units and occurs as disseminated, millimetre-scale flakes.

Structural measurements from BH15-03 were similar to those from BH15-01. Data provided by the drill core and from trenches situated directly above the drill hole suggest that the foliation (and therefore, the mineralized layers) strikes generally northeast and presents a roughly sub-vertical dip. This correlates closely with the anomalous northeast-oriented geophysical trend (~035°) identified by the TDEM (time-domain electromagnetic) survey conducted on the property.

These drill intervals represent apparent thicknesses. True widths will be determined after analysis of drill data is completed.

Cross sections and maps will be available on the Ashburton website. See link below for details:
http://www.ashburtonventures.com/?page=project&id=1003

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. Duplicates, standards and blanks were inserted at regular intervals for QA/QC purposes.

The technical content of this news release was approved by Mr. Case Lewis, P.Geo., director of Ashburton and a qualified person as defined by National Instrument 43-101.

1) Source: Northern Graphite Feasibility Study Bissett Creek Graphite Project, Ontario, Canada. Mining Services Inc. August 23, 2012.

2) Source: Zenyatta 43-101 Technical Report on the preliminary economic assessment of the Albany Graphite Project, Northern Ontario. RPA inc., July 9, 2015.

Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Canada and Nevada, USA. If you would like to be added the news release distribution please get in touch with us at info@ashburtonventures.com.


ON BEHALF OF THE BOARD

Signed “Michael England”
Michael England, President



FOR FURTHER INFORMATION PLEASE CONTACT:

Ashburton Ventures Inc.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
www.ashburtonventures.com



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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