TORONTO, June 16, 2015 /CNW/ - Asher Resources Corporation (the "Company") is pleased to provide the following update with regard to corporate initiatives and its mineral projects in Nevada U.S.A and B.C Canada which remain in good standing.
As at the first fiscal quarter ended March 31, 2015, Asher had a cash and receivables of approximately $800,000.
During the year, the Company has reduced overall expenses and has been successful in deferring option payments on both properties.
At the Company's Lavington Claim project in B.C., Asher intends to advance the project with further field work and mapping. This is expected to occur late summer or early fall of 2015.
In Nevada, Asher is currently looking to advance its King Mine project with a possible joint venture partnership and/or a corporate transaction. However, at this time there is no assurance a transaction will materialize.
In addition to the above, Asher is also assessing this and other opportunities to maximize shareholder value.
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]