ACN (TSX-V)
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.
We seek Safe Harbor.
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