Ashburton Ventures Positions Itself on Strike With Nemaska’s Whabouchi Lithium Deposit

Ashburton Ventures (TSXV:ABR) announced it has signed an agreement to acquire the Whabouchi South property bordering Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) Whabouchi project. The property is comprised of one block of eleven mineral licenses located to the south of Nemaska Lithium. The property is also on geological strike with Nemaska’s Whabouchi mine, the viability of which was supported in NMX’s feasibility report released April 4, 2016. The property is less than 1.2 km south of Nemaska’s planned mine site, shown to hold the world’s second largest and richest deposit of spodumene – the source of lithium – in the world, with 27,000,000 tonnes of proven and probable resources, with an estimated mine life span of 26 years.
Ashburton Ventures CEO, Michael England, stated:

We are excited to have come to terms with the vendors on this key ground staked in September 2015, especially given the intense staking now taking place in the vicinity of Nemaska’s Whabouchi deposit. There is very little bedrock exposure in the area, and we are along the mine’s geological structure, so the prospects of a lithium discovery on our new property, using modern exploration techniques, are excellent. We look forward to getting boots on the ground as soon as possible. We are now close to the beginning of the field season, so the timing of this acquisition is perfect.