Asher Announces King Mine Drill Permit
Posted by Press Release Distribution Staff
The drilling program is designed to test areas of highly anomalous gold values associated with a strong, well defined, IP anomaly following geophysical surveys and geological mapping carried out during the 2012 field season.
The subsurface IP anomaly is well defined and forms an elliptical zone spatially related to the anomalous gold values. Rock sampling results ranged from 0.23 g/t Au to 55.7 g/t Au above a 0.20 g/t Au cut-off and conforms to historic sampling (2002) which had a high value of 28.56 g/t Au over a 1.83 m chip sample. Geological mapping has delineated a strong hydrothermal overprint on andesite host rocks with zones of intense phyllic to potassic style silicification, which carries the anomalous gold values. Within the alteration envelope and IP anomaly is a swarm of rhyolite to dacite porphyry dikes. To date, the deposit model, based on geology, anomalous gold values associated with silicified zones, anomalous arsenic, antimony, copper and bismuth correlated with the gold values, and geophysical signature, suggests a porphyry copper - gold setting with potential for a near surface zone of gold mineralization and a deeper, porphyry style gold-copper deposit.
All technical information in this release has been reviewed by Paul Mattinen (A.I.P.G. – CPG) who is the Qualified Person for the Company, pursuant to NI 43-101, and Chief Geologist of Asher Resources Corporation.
More information can be found at 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 assets with its current focus in southern BC and the Nevada Great Basin.
For further information, please contact Richard Buzbuzian at:
Telephone: (647) 501-3290
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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.
Visit Asher Resources Corporation Website: www.asher-resources.com
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Asher Resources Corp.
Tel: (647) 501-3290
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