ASHBURTON WELCOMES PREMIER GOLD Mines EXECUTIVE VP AND
COO STEPHEN MCGIBBON TO TECHNICAL ADVISORY BOARD
ASHBURTON
VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) ( Ashburton
or the "Company ) is very
pleased to welcome Mr. Stephen McGibbon, of Premier
Gold Mines Ltd. (PG-TSX), to its Technical Advisory Board.
Stephen McGibbon, Premier s Executive Vice-President and Chief
Operating Officer, is a Professional Geologist with over 27 years of
exploration, mine production and management experience. He graduated from
Queen's University at Kingston, in 1983 with a Bachelor of Science degree in
Geological Sciences. Mr. McGibbon has established a
very successful track record in gold exploration and development, being a
senior member of the team at Goldcorp that discovered the "High Grade
Zone" at Red Lake. The High Grade Zone is world renowned as the
world's highest grade gold deposit and one of the most important gold discoveries
made in the last 20 years. In his capacity as Chief Geologist and
Exploration Manager, Stephen lead the talented team of geologists that helped
transform the marginal, high-cost operation into an unparalleled mining
success. He is a disciplined geologist and team-builder that helped
foster a spirit of innovation at Premier Gold.
I look forward to working with the Ashburton team in advancing the Deep Creek Project stated
Mr. McGibbon. Premier is excited by the results-to-date
on this early stage, potentially high grade property and are convinced the
right ingredients exist to make 2011 a very rewarding exploration campaign.
Mike
England, President of Ashburton stated
We are delighted to have a
geologist of Mr. McGibbon s calibre
join our team. This is another positive development in the evolution of
our Company. Mr. McGibbon s experience will be
invaluable as we continue to explore our exciting Deep Creek Project. We
look forward to working with him and the other key executives of Premier."
Ashburton
has made several significant discoveries at Deep Creek including the Upper Vein
that has been traced over a strike length of over 640 meters with surface
sampling returning assays up to 1,180 g/t Au with width of up to over one meter
widths in some areas. Additional undiscovered gold-bearing veins are also
indicated by a float sample of vein material collected upslope of the Upper
Vein, which assayed at 28.90 g/t gold. The Upper Vein area represents
only 10% of the Deep Creek property, much of which has not been systematically
explored since the early 1990 s.
Further to
the news release dated December 9, 2010 announcing a private placement, there
will be a finder s fee of $2,000 payable in connection with the private
placement by way of the issuance of 25,000 units to Canaccord
Genuity Corp. The Company also announces it has granted stock options to directors,
officers, employees and consultants of the Company to buy 1,600,000 shares,
exercisable at a price of $0.18 per share for a period of five years from the
date of grant. The options have been granted in accordance with the
Company's stock option plan.
Ashburton
Ventures is a junior exploration company actively seeking mineral opportunities
for the benefit of all its stakeholders. For more information visit the
Company s website located at www.ashburtonventures.com.
ON
BEHALF OF THE BOARD
Michael England,
President
For further information contact:
Telephone: (604) 683-3995
Forward-Looking Statement:
Some 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.