Ashburton Ventures Inc. announced assay results from the first hole, BH15-01, from its recent drilling program at its Buckingham Graphite Project in southern Quebec. Hole BH15-01, which targeted a broad, 1,500-metre long, northeast-trending geophysical anomaly encountered a total of 76.1 metres of disseminated graphite mineralization, hosted primarily within marble units, and reached a total depth of 209 metres. Lithologies encountered in BH15-01 consist dominantly of intercalated quartzofeldspathic paragneiss and generally graphite-bearing coarse-textured marble units.

Minor pegmatite intrusions were encountered, notably in the lowermost 5 metres of the hole. Graphite mineralization within BH15-01 is hosted dominantly within coarse, pebbly-textured marble units and occurs as disseminated, millimetre-scale flakes. The hole also encountered a small amount of vein-hosted graphite within a narrow pegmatite interval at the bottom of the hole, indicating the presence of vein graphite in the area.

Note that in December 2015, a 30-metre wide outcrop with lump-vein graphite hosted in fractures assaying up to 68.0% Cg was discovered approximately 300 metres north of the drilling area. Based on structural measurements taken from the drill core and from trenches directly above the drill hole, it is inferred that the foliation (and therefore, the mineralized layers) displays a general northeast strike and a roughly sub-vertical dip. This correlates very closely with the anomalous trend identified by the TDEM (time-domain electromagnetic) survey conducted on the property, which trends roughly northeast (035°).

The structural picture of the mineralized zone will be expanded upon further as the company analyzes the logging data in conjunction with assay results from the remaining four holes.