ASHBURTON VENTURES INC. has begun preparations for its 2014 exploration season at the Spy and Ultra platinum group metal (PGM) claim groups, located in the Kluane Ultramafic Belt of southwestern Yukon.
The Ultra and Spy projects have similar lithologies to the Wellgreen Polymetallic Deposit, which is under advanced assessment by Wellgreen Platinum (TSX VENTURE:WG) with an Indicated Resource of 14.4 Mt at 2.23 g/t Pt+Pd+Au, 0.68% Ni and 0.62% Cu, and an Inferred Resource of 446.6 Mt at 0.87 g/t Pt+Pd+Au, 0.31% Ni and 0.25% Cu at a 0.22% NiEq cut-off (see Wellgreen Platinum news release, June 18, 2012). Ultra and Spy were acquired by the Company in late 2013 as part of its strategic portfolio of properties in the Yukon with high PGM potential (see news releases November 14 and 26, 2013).
The Company has engaged Aurora Geosciences Inc. (Whitehorse, YK) to conduct rock physics tests on grab samples from both properties, which will include magnetism, density and conductivity tests. The same tests will also be conducted on samples from the Wellgreen deposit, as well as samples provided by the Yukon Geological Survey. Aurora will then re-assess data from historic ground and airborne geophysical surveys conducted over the properties, using the new rock physics data to prioritize areas of potential PGM mineralization. The priority areas will be the focus of additional sampling, trenching and drilling in the 2014 field season.
"We are very excited to start working on our Yukon projects which cover significant anomalies in the highly prospective Kluane Ultramafic Complex near Wellgreen Platinum in the Southwest Yukon." states Kyler Hardy, President of Ashburton.