Ashburton Ventures Incorporated

Published : October 05th, 2015

Ashburton Doubles Clayton Valley Lithium Claims in Nevada

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Keywords :   Canada | Lithium | Tesla |

Ashburton Doubles Clayton Valley Lithium Claims in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 5, 2015) - ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) ("Ashburton" or the "Company") is pleased to announce that it has acquired additional claims contiguous to the previously announced (September 15, 2015) "Elon" lithium claims in the Clayton Valley lithium district of Nevada. These new claims consist of 6 additional parcels of land directly bordering Pure Energy's Clayton Valley Deposit. Clayton Valley is the site of the only lithium brine production operation in North America which has been in production since 1966.

"This is a very significant opportunity for Ashburton shareholders. We were able to negotiate a deal doubling our land position directly bordering one of the most exciting lithium projects in the world at no additional cost to shareholders. Recently Pure Energy was able to obtain a deal with Tesla regarding their discovery. We look forward to starting an exploration program on the property located in this world class lithium district as soon as possible," stated Michael England President & CEO of Ashburton.

Purchase price of the new claims was negotiated by Ashburton management and the vendor to have no additional cost. These will be included in the initial cost previously announced. This will now double Ashburton's land holdings to approximately 240 acres directly bordering Pure Energy's Clayton Valley Discovery. The "Elon" lithium claims have been negotiated from an arm's length vendor and are subject to TSX Venture Exchange approval.

In the September 15, 2015 news release Ashburton incorrectly stated the acquisition was from a non-arm's length vendor when in fact the vendor is arm's length.

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

Michael England, President

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.

Read the rest of the article at finance.yahoo.com
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Ashburton Ventures Incorporated

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CODE : ABR.V
ISIN : CA0437831096
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Ashburton Ventures Inc. is a exploration company based in Canada.

Ashburton Ventures Inc. holds various exploration projects in Canada.

Its main exploration properties are OG PROPERTY, DEEP CREEK (NEVADA), CHUKUNI PROJECT and BULLION HILLS in Canada.

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Annual reports of Ashburton Ventures Incorporated
2009 Annual Report
Financings of Ashburton Ventures Incorporated
7/24/2013Announces Close of Financing
Nominations of Ashburton Ventures Incorporated
10/29/2013Appoints New Board Members
Project news of Ashburton Ventures Incorporated
3/11/2010Obtains historical data and increases its land position at t...
9/15/2009(Bullion Hills)Commencement of work on Lithium project in Nevada plus Bulli...
Corporate news of Ashburton Ventures Incorporated
7/11/2016ASHBURTON COMMENCES PROGRAM AT WHABOUCHI SOUTH CLAIMS BORDER...
6/23/2016ASHBURTON EXTENDS PRIVATE PLACEMENT FINANCING
6/8/2016ASHBURTON ANNOUNCES INCREASE OF FLOW THROUGH FINANCING
6/1/2016ASHBURTON ANNOUNCES CLOSING OF FIRST TRANCHE OF FLOW THROUGH...
1/14/2016Ashburton Announces First Work Program on Clayton Valley Lit...
12/22/2015Ashburton Releases Outcrop Sampling Results From Buckingham,...
12/14/2015IIROC Trading Resumption - ABR
12/14/2015Ashburton Hits 148 Metres of Graphite Mineralization at Buck...
10/15/2015Ashburton Options Buckingham Project
10/9/2015Ashburton Engages Aurora Geosciences for Work Program on Cla...
10/5/2015Ashburton Doubles Clayton Valley Lithium Claims in Nevada
9/15/2015Ashburton Acquires Clayton Valley Lithium Claims in Nevada
8/27/2015ASHBURTON SIGNIFICANTLY EXPANDS LITHIUM LAND POSITION COVERI...
4/23/2015Ashburton to Commence Work Program at Hackett Property in Sh...
2/25/2015ASHBURTON ACQUIRES CHAPEAU PROSPECT
2/8/2015ASHBURTON HARDY RESIGNS
1/23/2015ASHBURTON ARRANGES PRIVATE PLACEMENTS
11/14/2014ASHBURTON ADDS BOARD MEMBER
11/10/2014Ashburton Arranges Private Placements
11/10/2014ASHBURTON ARRANGES PRIVATE PLACEMENT
6/23/2014Ashburton Signs Letter of Intent to Sell Yukon Interests to ...
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4/25/2014Ashburton More Than Doubles Land Position in Sheslay Valley-...
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6/22/2011to Start Work in the Yukon
5/20/2011on Drilling Program at Deep Creek, Nevada
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3/8/2011Begins 2011 Work Program at Deep Creek, Nevada
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9/17/2009 Identifies 600+ Meter Gold Anomoly at White Gold
8/20/2009Acquires Lithium Project In Nevada
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