TORONTO, April 18, 2012 /CNW/ - Asher Resources Corp. ("Asher" or the "Company") (TSX-V: ACN) is pleased to announce it has staked an additional 147 claims expanding its land holdings to 223 claims encompassing 4,460 acres at its King Mine gold exploration project located in Nevada, USA.
"Asher's main area of interest at King Mine is the intensely fractured alteration zone that is recognized over a 900 by 600 meter area with the overall length of the hydrothermal system in the order of 1.5 km" commented Richard Buzbuzian, President and CEO. "With oxidized sheeted veins having returned assays up to 26 grams per ton gold over 2 meters, and with silicification and quartz veining returning assays up to 11 grams per ton gold in grab sampling, both completed in 2002, the claims expansion of the King Mine represented a very important first step before additional work could be initiated. I am pleased to report the claims staking is now complete setting the stage for additional work to commence shortly."
The claims were staked to cover the King Mine structural trend northward along the Monte Cristo Mountains range front and prospective alluvial covered areas west of the main gold prospects. The claims also cover an area of eruptive felsic volcanic rocks to the northeast that the United States Geological Survey identified as having hydrothermal alteration. The basis for the USGS alteration determination was based on satellite multispectral ASTER imagery and field follow-up analysis confirming that samples taken from the area, using x-ray diffraction, exhibit argillic alteration with the primary mineral being kaolinite.
The hydrothermally altered volcanic rocks having kaolinite indicate the presence of a potential epithermal gold-silver system.
King Mine, having never been drilled or properly explored, represents an excellent opportunity for Asher to employ modern exploration techniques to highly prospective ground as Asher looks to discovering and developing North American gold resources.
For additional information visit www.asher-resources.com
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 BC and the Nevada Great Basin.
The contents of this news release were supervised and reviewed by Mr. Paul Mattinen BSc Geo Engineering, C.P. Geo, who is Vice President Exploration of Asher Resources and is a Qualified Person within the meaning of NI 43-101.
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.
The forward-looking information contained in this press release is made as of the date hereof and Asher undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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.
For further information:
please contact Richard Buzbuzian at:
Telephone: (647) 501-3290
Email: [email protected]