uranium and copper anomalism at sunday bore

Ashburton Minerals Ltd (Ashburton) is a resources company primarily involved in mineral exploration. During the fiscal year ended June 30, 2007 (fiscal 2007), the Company’s main activities were the investment in and exploration of advanced and prospective mineral projects primarily in Brazil. Ashburton also retains a presence in Australia through the Mt Webb copper-gold project in western Australia and several other interests in western Australia and New South Wales. The Company undertakes its Brazilian activities through its wholly owned subsidiary, Trans Pacific Gold Pty Ltd (TPG) and its Brazilian subsidiary, Trans Pacific Gold Mineracao Ltda (TPGM). In fiscal 2007, the Company’s principal activity was gold exploration within the Cuiaba Gold Project in the state of Mato Grosso in central Brazil.
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URANIUM AND COPPER ANOMALISM AT SUNDAY BORE, WA
Ashburton in pleased to announce excellent first-pass results of a surface geochemical survey
completed over the Sunday Bore Project (E09/1308) in Western Australia which indicate the
presence of two uranium anomalies and one copper anomaly within the project area. Sunday Bore
is a 70 block exploration licence within the Gascoyne Complex of WA, as shown in the attached
Figure 1.
In addition, field observations have identified the possible continuation of the Gifford Creek
Carbonatite Complex into the project area. This interpreted continuation is coincident with a zone
of elevated potassium, copper and vanadium geochemistry as identified by the current survey.
The two uranium anomalies both occur within exposed calcrete in the southern part of the
tenement. Anomalous uranium values, of 40 ppm or above, occur over a considerable width of up
to 6 km before being obscured by alluvial sheetwash deposits.
The anomaly in the southeast of the project area is of particular interest as it peaks at 80 ppm U,
with some samples also returning elevated vanadium values. This anomaly is approximately 3 km
wide and extends to the south outside the project area (into ground held by Desert Energy).
Sampling beneath the sheetwash by auger, or other drilling, will be necessary to determine the full
extent of these uranium anomalies.
In addition, the surface geochemistry indicated a significant copper anomaly (up to 385 ppm Cu)
associated with a portion of exposed Edmund Group rocks in the southwest corner of the tenement.
This anomaly is 700 m wide and extends for over 3 km in strike.
The geochemical survey was carried out on 15 one-kilometre-spaced E-W lines, with point
samples collected every 200 m along the lines. A total of 1103 samples of 1 kg each were
collected and submitted to ALS Chemex laboratories in Perth for analysis of gold, base metals, and
a suite of multielements. The position of all the anomalies is shown in Figure 2, following. Gold
results are still pending.

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