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ABR Arbor Metals Corp

0.53
-0.07 (-11.67%)
Last Updated: 15:28:45
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arbor Metals Corp TSXV:ABR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.07 -11.67% 0.53 0.53 0.55 0.60 0.51 0.60 78,904 15:28:45

Ashburton More Than Doubles Land Position in Sheslay Valley-Acquires Claims Contiguous to Grizzly And Applies for Drill Permi...

25/04/2014 1:00pm

Marketwired Canada


ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) ("Ashburton" or the
"Company") announces today that it has more than doubled its land position in
the prolific Sheslay district of northwest British Columbia, increasing from
1,296 hectares to over 3,000 hectares with the acquisition of strategic claims
extending six kilometers north-south along the western border of Garibaldi
Resources' Grizzly Property. The two claim blocks, which will form the "Grizzly
West Extension Project", are within two kilometers of the Grizzly West porphyry
target (see Garibaldi news release March 13, 2014). Historical data for this
highly prospective area have been reviewed extensively by Ashburton geologists,
and a work program will commence shortly on the Grizzly West Extension Project. 


Ashburton is also pleased to announce that it will be starting a work program at
its Sheslay Hackett Property next month. The Company has requested permitting
for 2,000 meters of diamond drilling from several set-ups, as well as 18
kilometers of line-cutting to conduct IP, with the establishment of an
exploration camp onsite. 


The western border of the Hackett property is within 1,000 meters of Doubleview
Capital Corp.'s discovery holes HAT-08 and HAT-11 reported earlier this year
that indicate the strong potential for a copper-gold alkalic porphyry-type
deposit (see Doubleview news release January 20, 2014). Doubleview recently
announced resumption of drilling at the Hat Property (see Doubleview news
release March 27, 2014). 


Approximately 300 meters west of the Hackett, on the Doubleview side of the
adjoining southwestern border, assays from the historical Hoey showing report up
to 6,600 ppb Au, and historical aeromagnetics on the Hackett property define a
magnetic high on the southern claims (W. Thompson, 1988, B.C. Minfile Report
#18158). No drilling has ever been carried out on this property. 


Mr. Kyler Hardy, President of Ashburton, states, "Ashburton was an early entrant
into the Sheslay area and we're extremely pleased to have two critical land
positions contiguous to the Hat and the Grizzly, in this rapidly emerging
copper-gold district. Both of our projects are strategically positioned to
incorporate the successful exploration results from adjoining properties, which
can greatly minimize our timeline to discovery. Because of this advantage, we
look forward to a dynamic exploration season during which we can seize this
unique opportunity to build shareholder value."


To acquire the claims comprising the Grizzly West Extension Project, Ashburton
will pay Victory Ventures Inc. $5,000 cash, issue 200,000 common shares of
Ashburton and a 2% NSR of which 1% may be purchased for $1 million. Ashburton
will also be obligated to keep the claims in good standing for a period of 18
months from closing. All terms are subject to regulatory approval. 


The technical contents of this release were approved by Dr. Tom E. McCandless,
P. Geo., a director of Ashburton and a qualified person as defined by National
Instrument 43-101. Ashburton's properties referred to above have not been the
subject of a National Instrument 43-101 report, and Dr. McCandless 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 of its stakeholders. 


ON BEHALF OF THE BOARD 

Michael England, CEO 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ashburton Ventures Inc.
Michael England
CEO
1-604-683-3995
Toll Free: 1-888-945-4770
www.ashburtonventures.com

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