Ashburton Ventures Finds 600+ Metre Gold Anomaly in White Gold District


Ashburton Ventures Inc. has released the results from the late July soil sampling program on its Valley prospect in the Yukon near Underworld’s White Gold property. The Ashburton claims are adjacent to ground held by Underworld and 10 kilometres north-northeast of the company’s Golden Saddle discovery.

Reconnaissance soil lines were surveyed across the Valley project area with samples collected every 50 metres on lines spaced 300 metres apart. The lines roughly paralleled the dominant trend of the geography while crosscutting the dominant trend of the geology. Multiple gold soil anomalies, apparently paralleling the mapped geology, were detected on three adjacent soil lines with analyses ranging up to 90 parts per billion gold.

A second phase of soil sampling has been initiated at the Valley prospect to triple the sampling density to 50-metre centres on lines spaced 100 metres apart in the areas of the anomalies. Samples will be collected from eight new lines with the intention of better delineating and hopefully expanding on the 600 metres plus of apparent strike already identified by the anomalous samples.

Pending results of the follow-up soil sampling, a trenching program followed by a drill program are anticipated for next spring.

Work on the Ashburton ground is being directed by Dr. David Hedderly-Smith, PhD, PG. Dr. Hedderly-Smith has done work in similarly aged rocks in east-central Alaska, 100 kilometres to the northwest, off and on since the 1970s, and is a qualified person as defined by National Instrument 43-101. He has approved the information in this press release.

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