Ashburton Ventures strikes more gold at Nevada mine, shares rise

* Finds new vein system with visible gold at Deep Creek

* Shares up 15 pct in heavy trading

Dec 13 (BestGrowthStock) – Canadian junior explorer Ashburton
Ventures Inc (ABR.V: ) said it found a new vein system with
visible gold at its Deep Creek gold Project in Nevada, sending
its shares up as much as 15 percent on Monday.

Last week, Premier Gold (PG.TO: ) had agreed to buy a 14
percent interest in Ashburton through purchase of shares in a
private placement financing. The proceeds will be used for
further exploration at Deep Creek, Ashburton had said.
[ID:nCCNGstNVa]

The new Waterfall Vein system, where two veins have been
found, is located south of the Upper vein area of Deep Creek.
Upper vein system was confirmed to have gold contents as high
as 1,180 grams per tonne, the company said in a statement.

An assay of a 2.98 kg sample of outcrop returned 20.5 grams
per tonne gold (g/t) at Waterfall vein, while a 2.35 kg sample
returned an assay of 13.5 g/t gold at Thirteen-Five vein, the
company added.

Vancouver, British Columbia-based Ashburton’s shares, which
have nearly tripled in value in the past one year, were trading
up 10 percent at 21.5 Canadian cents on Monday on the Toronto
Venture Exchange.

They touched a high of 22.5 Canadian cents earlier in the
session. It was the most heavily traded stock on the Venture
Exchange.
(Reporting by Arnika Thakur in Bangalore; Editing by Jarshad
Kakkrakandy)

Ashburton Ventures strikes more gold at Nevada mine, shares rise