Ashburton Ventures Inc. Completes Initial Mag and VLF Survey at Whabouchi South Project Adjoining Nemaska Lithium’s Whabouchi Project
Vancouver - Ashburton Ventures Inc. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce a successful initial ground magnetic and VLF survey at its Whabouchi South property adjacent to Nemaska Lithium Inc.’s (NMX-TSX:V) Whabouchi project and less than 1.2 km south of Nemaska’s planned mine site, holding the world’s second largest and richest deposit of spodumene, the source of lithium. The deposit contains 27,000,000 tonnes of proven and probable resources, with an estimated mine life span of 26 years (see Nemaska PR dated April 4, 2016). Ashburton’s survey was carried out in early May 2016 and targeted the northwestern area of the Company’s 1176 hectares (11.8 km2) property. Ashburton’s total holdings, adjoining both the southern and western boundaries of Nemaska Lithium’s property, is 1496 hectares (15.0 km2). The magnetic survey highlighted a slight magnetic high that extends in a northeasterly direction across the surveyed area. The magnetic high is 500 m in length along strike, displays a width up to 150m (L40N/400E to L35N/0E) and appears to be open in both directions. This zone is on strike with the proposed Nemaska Lithium’s open pit (Whabouchi deposit) located approximately 1 km to the northeast. The moderate to low magnetic contrast probably reflects metavolcanic (high) and metasedimentary (low) lithologies. Although the rock exposure is scarce within the surveyed area, three granitic rock samples were collected along the magnetic high determined between L39N and L40N. Samples will be submitted for Li and other rare metal analysis. The remainder of the property will be subjected to a combined Magnetometer and VLF surveys followed by a prospecting and sampling program.
The technical contents of this release were approved by Michel Boily, PhD, geo a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.
Ashburton Ventures Inc. is a Canadian-based junior exploration company actively pursuing lithium and graphite projects in Canada and Nevada, USA.
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.