TORONTO, Feb. 25, 2014 /CNW/ - Asher Resources Corporation (the "Company") is pleased to announce a drill permit has been received for its Lavington gold property east of Vernon, British Columbia. The exploration program will comprise a minimum 3 hole, 950 meter drill program testing under, and adjacent to historic drill holes, most notably a 125 meter (drilled width) intersection of 0.307 g/t gold.
"Several junior exploration gold companies in 2013 experienced great success advancing their British Columbia projects with significant gold discoveries having been made. Lavington represents an excellent gold target and Asher looks forward to advancing Lavington with its drill program which is to commence end of May 2014" commented Richard Buzbuzian, President and CEO.
The bulk of the known mineralization on the property occurs within a 2.5 kilometre by 200-400 metre wide "siliceous-sericitic-pyritic" "shear" zone. The zone was defined by strong gold, arsenic, copper, zinc, and lead in soil values. Within this zone, 8 widely spaced holes were drilled with hole # 7 producing the most significant intersection (all intersections are drilled width) 0.543 g/t Au over 34 m, within a larger interval of 125 metres averaging 0.307 g/t gold. This mineralization is partially undercut by the bottom of hole 2 which returned 0.253 g/t gold over 46 metres. Holes 2, 5, 6, 7 and 8 were terminated in the Lavington mineralized zone and in gold-copper mineralization. The best known mineralization is also associated with a discreet IP anomaly.
The upcoming three-hole Phase I program will undercut many of the historic drill holes. An eastward step out drill hole along strike will test a yet un-drilled section of the IP anomaly coincident with a multi-element soil anomaly and known rock mineralization.
Additional information on Lavington can be viewed at www.asher-resources.com, in Asher's new corporate power point presentation.
The Lavington property, which Asher has recently expanded to 3,139.26 hectares, encompasses a 3 by 8 kilometre area hosting multiple and extensive gold showings of greater than 100 ppb gold in soil and rock samples. Many of these areas were first discovered in the late 1980's and never received additional exploration making Lavington a very under explored and an attractive gold-copper porphyry exploration target.
The technical information contained in this news release has been verified and approved by Leopold J. Lindinger, P.Geo., a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian securities administrators.
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About Asher Resources:
Asher Resources Corporation is a gold exploration company headquartered in Toronto, Ontario, with a regional office in Reno Nevada. Asher's mission is to discover and develop high quality North American precious metal resources with its current focus in Southern British Columbia and the Nevada Great Basin.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: Asher Resources Corporation
For further information:
Please contact Richard Buzbuzian at:
Telephone: (416) 361-6167
Email: [email protected]