Ashburton Ventures Completes First Hole at Buckingham Graphite Project

Ashburton Ventures Inc. (TSXV:ABR) announced the completion of the first hole in its initial drilling campaign at the Buckingham graphite project. The company has “identified several broad intervals of flake graphite mineralization from visual analysis.”
As quoted in the press release:

The Ashburton geological team reports that visual analysis completed of drill core from BH15-01, which targets a large anomaly identified by an airborne time-domain electromagnetic survey (TDEM) (completed by Cavan in mid-2013), has revealed a total of approximately 80 metres of flake graphite mineralization over three major intervals.
The hole collared into disseminated flake graphite mineralization from 3 meters to 14 meters and encountered further graphite mineralization from 70 meters to 100 meters. A third interval of disseminated flake graphite begins at 170 meters and continues until 204 meters. The hole then terminated at 209 meters in a unit of pegmatite containing scattered centimetre-scale graphitic veins, for an additional 5 metres containing “vein-type” mineralization.
These graphitic zones are believed to be the continuation of graphite mineralization exposed in trenches previously completed by Cavan Ventures in 2013, which uncovered graphite mineralization at surface directly above the current drill hole trace. Mineralization in BH15-01 occurs primarily within several discrete – and particularly distinct – metaconglomerate layers within a larger quartz-feldspar paragneiss-dominated metamorphic unit. Lesser intervals of pegmatite observed within this sequence exhibit vein-type graphite in centimetre-scale veins.

Michael England, president and CEO of Ashburton, commented:

This visual evidence from the first hole at Buckingham is highly encouraging. We now move on to our second drill hole location and feel we are well positioned for an exciting finish to the year and a strong start to 2016.

Click here to read the full Ashburton Ventures Inc. (TSXV:ABR) press release.