| ABR-V Ashburton Signs Letter of Intent With Denali for Donjek-Arch Claims Adjacent to Wellgreen PGE Project, Yukon VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 22, 2013) -ASHBURTON VENTURES INC. (TSX VENTURE:ABR) (FRANKFURT:ARB) ("Ashburton" or the "Company") is pleased to announce that it has entered into a Letter of Intent (LOI) with Denali Resources Ltd. ("Denali"; a private British Columbia company) to acquire the Donjek-Arch claim group, located in the Yukon, 260 kilometers west of Whitehorse. The claims are adjacent to and east of the Prophecy Platinum Wellgreen Deposit, which has an Indicated Resource of 14.4 Mt at 0.68% Ni, 0.62% Cu, and 2.23 g/t Pt+Pd+Au grade, and an Inferred Resource of 446.6 Mt at 0.31% Ni, 0.25% Cu, and 0.87 g/t Pt+Pd+Au grade at a 0.22% NiEq cut-off (see Prophecy Platinum news release, June 18, 2012). For a 100% stake in the project, Ashburton will issue seven million common shares of the Company to Denali over three years. stockboard.com |
