August 28th, 2013, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce completion of phase one exploration at its 100%-owned Sienna West claims, located roughly 40 kilometers southwest of the Alpha Minerals Inc. (TSX-V: AMW) and Fission Uranium Corp. (TSX-V: FIS) Patterson Lake South discovery. Numerous boulders encountered during the program measured well over 200 counts per second (cps) with some from 1,500 to 1,800 cps as measured on a hand-held radiation detector. The program also included the placement of 40 radon detector cups that will be retrieved for radon analysis in thirty days.
Historic Geological Survey of Canada lake sediment samples collected from two lakes at Sienna West range from 3.9-7.69 ppm uranium, ranking these samples in the top 98th percentile of 909 samples collected over roughly 16,000 km2 of northwestern Saskatchewan (Geological Survey of Canada Open File Report 1642, 1988, 100p.). The lakes are separated by two kilometers and suggest that the elevated uranium values are not an isolated occurrence.
The Sienna West claims cover 1,090 hectares and are part of the Sienna Uranium Project that includes a 147 hectare claim contiguous with the northern boundary of the Patterson Lake South Project that is presently under advanced exploration by Alpha Minerals Inc. and Fission Uranium Corp. (see news release, March 14, 2013).
Preliminary reports from the field indicate that the radioactive boulders are rounded, measure 25-40 centimeters in diameter and consist of crystalline basement rocks and some uncertain lithologies. Radiation counts for most of the boulders exceed 200 cps with several in the range of 1,500-1,800 cps (measured with a RS-125 Super-Spec, Radiation Solutions Inc.). Roughly 20 anomalous boulders were sampled for uranium assay. Further details including field radiation measurements will be provided upon return of the geologists from the field.
Through an alliance with Alpha-Track Uranium Services (see Ashburton news release, June 10, 2013), forty radon detector cups were deployed across the property. The cups will be retrieved in thirty days and shipped to the lab for analysis. Radon surveys and uraninite boulders were an integral part of identifying uranium mineralization at the Alpha Minerals Inc. and Fission Uranium Corp. Patterson Lake South discovery (see Alpha Minerals news release, May 6, 2013).
President Mike England states, “The anomalous boulders encountered on this site visit are very encouraging, but coupled with the impressive lake sediment uranium values that occur over two kilometers, this property boasts some significant uranium potential. We are excited to see the radon results as well as the boulder assays in the coming weeks, in anticipation of defining drill targets as the next stage of exploration at Sienna West.”
The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101. The property has 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 and energy opportunities for the benefit of all its stakeholders.
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995
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.