TORONTO, Oct. 7, 2014 /CNW/ - Asher Resources Corp.
("Asher" or the "Company") (TSX-V: ACN) is pleased to announce
phase two drilling has now commenced at Asher's King Mine Project
in Nevada, USA. The exploration
program is comprised of 1,525m (5,000ft) of reverse circulation
drilling testing 6 high priority targets to follow up on two gold
intersections from the eastern gold zone encountered in the initial
2013 program, and, to further evaluate a distinctive copper – gold
porphyry target defined in the first half of 2014.
The King Mine Project is located in Mineral County, Nevada, approximately 10 miles
east of the past producing Rawhide gold mine on the Walker Lane
Trend.
"We are pleased to report that our phase two exploration
drilling program is now underway at King Mine as we test our next 6
high priority targets" commented Richard
Buzbuzian, President and CEO Asher
Resources.
About King Mine:
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. The 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.
The contents of this news release were supervised and reviewed
by Mr. Paul Mattinen BSc Geo Engineering, CPG (AIPG), who is Chief
Geologist, USA of Asher Resources
and is a Qualified Person within the meaning of NI 43-101.
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
resources with its current focus in southern BC 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.
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.
SOURCE Asher Resources Corporation