July 6, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce it has commenced phase 2 of the exploration program on its Whabouchi South lithium project directly adjacent and on strike with the Nemaska Lithium Whabouchi deposit. The program will consist of geochemical sampling as well as detailed mapping to follow up on the first phase geophysical program (see PR dated May 26, 2016).
"We are excited to commence the phase 2 of our work program on our claims adjoining Nemaska Lithium’s Whabouchi deposit." stated David Gdanski, director of Ashburton Ventures. “Locating targets will be a priority to establish a near term drill program.”
Phase 2 will entail mapping and sampling of the property, with a emphasis on the NW corner of the claims which appears to be on strike with the Nemaska Lithium Deposit and is most likely to reveal Li-rich pegmatites.
The Whabouchi South property bordering Nemaska Lithium Inc.'s Whabouchi project is also on geological strike with Nemaska's Whabouchi mine, the viability of which was supported in Nemaska Lithium's feasibility report released April 4, 2016. The property is less than 1.2 kilometres south of Nemaska's planned mine site, shown to hold the world's second-largest and second-richest deposit of spodumene — the source of lithium — in the world, with 27 million tonnes of proven and probable resources, with an estimated mine lifespan of 26 years (see Nemaska press release dated April 4, 2016).
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 [email protected].
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 property has not been the subject of a National Instrument 43-101 report.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
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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.