Ashburton Increases Land Holding Contiguous to Existing Claims Surrounded by Pure Energy Minerals Ltd And Lithium X Corp. in Nevada
February 26th, 2016 / TheNewswire / VANCOUVER, B.C. - Ashburton Ventures Inc. (ABR-TSX:V) (ARB-FRANKFURT) ("Ashburton" or the "Company") announces it has increased its landholdings in Clayton Valley, Nevada. These new claims are contiguous to the existing ELON claims already held by Ashburton. Additionally, these claims border both Pure Energy Minerals Ltd. (PE-TSX:V) and Lithium-X Corp. (LIX-TSX:V) making the entire Elon project now enclosed between the two companies.
"We are very pleased to be able to acquire additional acreage in Clayton Valley. Our project is now completely enclosed by Lithium-X and Pure Energy putting ABR in the forefront of all the junior companies in Clayton Valley in our minds. We are looking forward to continuing work on our property based on the successful assays recently attained from the sampling (see news dated Feb 22, 2016). Ashburton is the closest company to the current Pure drill program being approximately only 800 meters from the successful Pure CV-6 hole therefore providing ABR with tremendous leverage to additional successful drilling by Pure." stated Michael England, CEO of Ashburton Ventures.
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Purchase price of the 6 new claims from a non-arm's-length vendor for a 100-per-cent interest is 3.5 million shares to be issued upon TSX Venture Exchange approval.
Ashburton Ventures Inc. is a Canadian-based junior exploration with active mineral programs in Canada and Nevada, USA.
If you would like to be added the news release distribution please send an email to info@ashburtonventures.com.
ON BEHALF OF THE BOARD
Signed "Michael England"
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
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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