March 2nd, 2017, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces it has signed an agreement to purchase 100% interest in two mineral properties; the TransCanada Chabazite Zeolite and the Juniper Creek Chabazite Zeolite properties. Both are being acquired from ZMM® Canada Minerals Corp. (“ZZM”), an arm’s length vendor, and are located south and east of Kamloops, BC within Eocene volcanic rocks.
Combined with the Z-1 zeolite quarry/mine, located about three kilometres northeast of Cache Creek, B.C., (see PR January 30, 2017), these two new strategic zeolite properties broaden Ashburton’s assets in the emerging zeolite markets. The strategy is to actively develop all three zeolite properties, one containing the zeolite mineral Clinoptilolite and two containing Chabazite zeolite. The Company has an experienced team in place to advance the projects. Doing so expands our markets exponentially from very high value, in the case of the high purity Chabazite, to lower value, large volume markets.
Chabazite is a unique rare and valuable mineral of the zeolite family. In North America, there is only one other location, in southern Arizona, where Chabazite is produced. The exceptional properties of Chabazite lead to applications in numerous clean technology solutions like reverse adsorption systems, thermal energy harvesting and solar energy storage.
It is envisioned that Chabazite from the Company’s two new properties will be targeted for three specific applications. The first being a high purity crystalline Chabazite, slated for high tech/clean tech applications in the areas of molecular sieves, gas separation and purifying gas streams. The second and third products will be used in horticulture, agriculture, animal health and specialty Supplementary Cementaceous Materials (SEMs). The Chabazite markets complement the Clinoptilolite markets in both processing and products.
Ashburton CEO Mike England comments "We are very fortunate to have come to terms to add these two specialty zeolite properties to our expanding industrial mineral portfolio, with numerous potential applications that will complement our activities at the Z-1 Quarry. The Company’s goal is to become the leader in zeolite innovation and applications.”
Terms of the option agreement call for Ashburton to spend $250,000 on these groups within the first year, issue to ZMM 1,000,000 common shares in the capital of ABR upon TSX approval and a cash payment to ZMM of $10,000.
The technical contents of this release were approved by Michel Boily, PhD, P.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 focused on Canadian mineral projects in Quebec and British Columbia, Canada. If you would like to be added the news release distribution please get in touch with us at [email protected].
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com
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.