ASHBURTON VENTURES INC. (TSX VENTURE:ABR)(FRANKFURT:ARB) has announced it has identified a new vein system with visible gold on its Deep Creek Project located 112 kilometres north of Elko, Nevada.
The Waterfall Vein system is located in Waterfall Canyon, roughly 700 meters south of Catscat Canyon where the Upper Vein system was previously confirmed to have gold contents as high as 1,180 grams per tonne (see news releases October 14th and 28th, 2010).
The Waterfall Vein system includes the Waterfall Vein, which strikes north-northwest with an approximate length of roughly 200 meters. Visible gold was noted in the southernmost extension of the vein, and an assay of a 2.98 kg sample of the outcrop has returned 20.5 grams per tonne gold. The 'Thirteen-Five' vein is 60 meters west of the Waterfall Vein with a 2.35 kg sample returning an assay of 13.5 g/t gold. True vein widths at both sample locations were roughly 0.5 meters. The veins widen to over 1.5 meters in highly silicified carbonate rocks, with two samples of mixed vein and country rock each assaying at 0.28 g/t Au.
The samples were collected as rock chip grab samples of quartz vein material in highly silicified carbonates of the Proterozoic McCoy group.
"We are very excited that the gold story at Ashburton's Deep Creek project in Nevada continues to grow. Assessment of the Waterfall Vein system is in its early stages, but so far is 200 meters long and is clearly separate from the Upper Vein system, which itself extends over 640 meters and carries high gold grades," states Mike England, Company president. "We are very pleased that our prediction that additional gold-bearing veins would be identified at Deep Creek is becoming a reality."
The Waterfall Vein system is at lower elevations on the property, so further sampling and mapping will be possible during the winter season.
Samples from Deep Creek have been analyzed for gold by ALS Chemex Laboratories, North Vancouver, British Columbia, using the fire assay protocols Au-AA24, Au-AA25, and Au-GRA22 that provide detection ranges of 0.005-10, 0.01-100 and 0.05-1000 ppm gold, respectively. Silver values are obtained through acid leach protocols Ag-AA64 and Ag-AA62, with detection limits of 0.07 ppm and 1-1,500 ppm silver respectively. In sampling the Waterfall Vein system, care has been undertaken to collect unbiased representative samples, but investors should note that samples containing coarse gold can have an inherent nugget effect.
The technical contents of this release were approved by Ashburton director and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, P.Geo.
Source: ASHBURTON VENTURES INC.