ASHBURTON VENTURES INC. (TSX-V:ABR) (FRANKFURT:ARB) is pleased to announce that it has acquired the “Elon” lithium claims in the Clayton Valley lithium district of Nevada. The property consists of 6 parcels of land directly bordering Pure Energy’s Clayton Valley Deposit.
“This marks Ashburton’s first foray into lithium in Nevada, an important step for the company given the excitement over the Tesla Gigafactory located in that state. This now gives Ashburton two new lithium plays right when the market is poised for significant growth. Management is enthused about the future prospects this new property may provide,” states Michael England, President and CEO of Ashburton.
Purchase price of the “Elon” lithium claims from a non-arms length vendor for a 100% interest is 5 million shares to be issued upon TSX Venture Exchange approval.
Ashburton Ventures Inc. is a Canadian-based junior exploration with active mineral programs in Canada and Nevada, USA.
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