ACN (TSX-V)
TORONTO, June 9, 2014 /CNW/ - (TSXV:ACN) - Asher
Resources Corporation (the "Company") is pleased to announce
exploration drilling has commenced at the company's Lavington gold
property consisting of a three-hole, 1000-metre program.
About Lavington:
The Lavington gold property hosts known gold mineralization
occurring within a 2.5 kilometre long by 400 metre wide shear zone
which was drill tested by six widely spaced holes by BP Stelco in
the late 1980's and early 1990's. Gold values in soils
grading to 0.75 g/t Au have been sampled coincident with more
extensive copper, zinc, arsenic and lead anomalies.
Subsequent exploration work, including a recently completed IP,
resistivity and ground magnetic program indicated that the best
known mineralization is also associated with a discreet moderate IP
anomaly and that most of the historic drill holes either missed or
were stopped too short to adequately test the
system.
Asher's drill program will test these underexplored
opportunities.
Drill Location One:
The first drill hole is undercutting and parallel to a north
striking historic drill hole (L90-07) which intersected a 125 metre
zone averaging 0.307 g/t Au including a 34 metre zone which
averaged 0.53 g/t Au.
Based on the new IP data, this new hole will be drilled to a
depth of 250 metres to test a deep extensive west trending IP
anomaly that hasn't been tested by any historic drilling.
The Company will also utilized a larger core size (HQ) compared
to the historic drilling which used a smaller core size (NQ) that
suffered from considerable local core loss and possible loss of
gold mineralization. The larger core size will minimize core
loss and increase certainty of capturing all mineralization.
Drill Location Two:
The second drill hole is collared 350 metres north of the first
proposed hole and will undercut historic drill hole L89-02 (which
intersected the same zone intersected in hole 90-07) by 45 to 50
metres to test the underlying IP anomaly that extends to the south
from the collar location coincident with a wide
arsenic-zinc-lead-copper-gold soil anomaly. This hole will
also test part of the IP anomaly that will have been tested at
depth by the first hole.
This second drill hole will continue to a depth of 500 metres if
visual results during drilling warrant.
Drill Location Three:
The third proposed hole will be collared 250 metres north of
historic holes L89-01 and L90-06 and 500 metres west of the first
two 2014 holes.
Based on the results of past drilling, IP results and supporting
multi-element geochemical evidence the previously drilling largely
missed this target and may have been drilled too far south.
The area to be drill tested is also overlain by a coincident strong
zinc, lead and arsenic soil anomaly. A second linear gold
anomaly will also be tested. This hole will continue to a
depth of at least 350 metres.
Additional information on Lavington can be viewed at
www.asher-resources.com, in Asher's new corporate power point
presentation.
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.
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