Highlights:
Hole L14-01 highlights include at and near surface
intersections:
- 60 meters grading 0.49 g/t gold;
- Including 28 meters of 0.58 g/t gold and;
- Including 6 meters of 1.16 g/t gold
Hole L14-02 highlights include:
- 32 meters grading 0.515 g/t gold and 0.054% copper
- Including 24.5 meters grading 0.617 g/t gold and 0.051%
copper
Hole L14-03 highlights include:
- 48 meters grading 0.157 g/t gold 0.032% copper
- Including 6 meters grading 0.286 g/t gold 0.039% copper
TORONTO, July 29, 2014 /CNW/ - Asher Resources
Corp. ACN – TSX.V (the "Company") is pleased to
announce assay results from the Company's recently completed 970
metre exploration drilling program at its Lavington gold property
near Vernon, British Columbia.
"We are quite pleased to report long intervals of gold
mineralization in the small part of the Lavington property
tested. Additionally, drilling with the HQ diameter tools
matched or exceeded the results of the historic drilling. The
deeper holes stepping back further from the historic drilling
indicate that other previously undiscovered zones are present
and open at depth and to the north, east and west providing
opportunity to further advance our efforts at Lavington" commented
Richard Buzbuzian, Asher's President
and CEO.
Hole L14-01
Hole L14-01 was collared approximately 35 meters SSE of historic
hole 90-07 and drilled at a bearing of 028 degrees, a dip of -45
degrees and to a depth of 245.7 meters into the south side of the
Lavington Main Zone. Beginning at the overburden-bedrock
contact at 19 metres from surface to a depth of 79 metres (60
metres core length) the hole intersected an average grade of 0.49
g/t gold. This included a 6 meter intercept reporting 1.16
g/t gold and two more two meter intercepts returning greater than 1
g/t gold.
Hole L14-02
This hole was collared 440 metres north of and drilled towards
(due south) hole L14-01 at a dip of -45 and to a depth of 507.8
meters. Multiple mineralized zones were encountered over a
280 meter horizontal including the Lavington Main Zone (LMZ) from
409 to 505 metres. A new zone north of the Lavington main
zone returned 112 meters grading 0.173 g/t gold, including 22
meters grading 0.297 g/t gold. The Lavington main zone
hosts 94.5 m grading 0.227 g/t gold including 24.5 m grading 0.617
g/t gold and 0.051% copper and 2 meters grading 1.6 g/t gold and
0.09% copper. The LMZ here also hosts multigram silver
values.
Hole L14-03
Hole L14-03 was collared 450 meters west of hole L14-02
and drilled towards (south) at a -45 degree dip to a 233.5 meters
depth and under holes 89-01 (in part) and 90-06. This hole
intersected anomalous gold from the collar. Encountered was a
77.4 m intersection grading 0.128 g/t gold including 6 meters
grading 0.286 g/t gold and 0.039% copper within what is probably
the LMZ.
All intersections are core length only. At this time, true width
cannot be determined from information available.
These and other intersections are presented in the following
table.
2014 LAVINGTON
DRILLING ASSAY HIGHLIGHTS
|
HOLE
NO
|
ZONE OR
TARGET
|
|
FROM
(m)
|
TO
(m)
|
INTERSECTION
(m)
|
GOLD g/t
|
% Copper (only
composites > 0.03%
with associated gold
reported below)
|
COMMENTS
|
L14-01
|
|
|
19
|
152.5
|
133.5
|
0.328
|
|
0.2 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
19
|
79
|
60
|
0.491
|
0.052
|
0.25 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
19
|
21
|
2
|
1.05
|
|
0.5 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
33
|
35
|
2
|
1.08
|
|
0.5 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
51
|
79
|
28
|
0.58
|
|
0.5 g/t external
cutof
|
L14-01
|
LMZ
|
INCLUDING
|
51
|
57
|
6
|
0.94
|
|
0.5 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
53
|
55
|
2
|
1.55
|
|
1 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
73
|
79
|
6
|
1.16
|
0.053
|
0.5 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
75
|
77
|
2
|
2.05
|
0.051
|
1 g/t
cutoff
|
L14-01
|
LMZ
|
INCLUDING
|
150.5
|
152.5
|
2
|
0.92
|
|
|
L14-02
|
N3
|
|
58.1
|
123.5
|
65.4
|
anomalous
|
|
270 ppm
arsenic
|
L14-02
|
N2
|
|
230
|
252
|
22
|
0.3
|
|
|
L14-02
|
N1
|
|
308
|
320
|
12
|
0.28
|
|
|
L14-02
|
LMZ
|
|
409
|
503.5
|
94.5
|
0.28
|
|
0.19 g/t external
cutoff
|
L14-02
|
LMZ
|
INCLUDING
|
445
|
469
|
24
|
0.62
|
0.057
|
0.39 g/t external
cutoff
|
L14-02
|
LMZ
|
INCLUDING
|
449
|
460.1
|
11.1
|
0.79
|
0.059
|
3.4 g/t
silver
|
L14-02
|
LMZ
|
INCLUDING
|
453
|
455
|
2
|
1.61
|
0.09
|
5.3 g/t
silver
|
L14-02
|
LMZ
|
INCLUDING
|
463.4
|
465.5
|
2.1
|
0.98
|
0.1
|
5 g/t silver, 0.2 %
zinc,
0.99 g/t mercury
|
L14-03
|
|
|
43
|
78.35
|
35.35
|
|
|
383 ppm arsenic,
404
ppm zinc
|
L14-03
|
|
INCLUDING
|
45
|
47
|
2
|
0.7
|
|
2.25 ppm silver,
902
ppm arsenic
|
L14-03
|
|
INCLUDING
|
47
|
49
|
2
|
0.1
|
|
2450 ppm
arsenic
|
L14-03
|
LMZ
|
|
148
|
227
|
79
|
0.128
|
|
0.11 g/t
cutoff
|
L14-03
|
LMZ
|
INCLUDING
|
201
|
207
|
6
|
0.286
|
|
0.2 g/t
cutoff
|
QA-QC procedures implemented were 24 hour on site sample
security, the random insertion of field standards and blanks at
approximately every 23 samples and sampling of sieved rock saw
cuttings on a hole by hole to every day frequency. The
results of the saw cutting samples indicate some minor but not
significant gold loss occurred from the core cutting process.
The technical information was reviewed and approved by
Leopold J. Lindinger, P.Geo Asher's qualified person on its Lavington
gold property based on 43-101 and 43-101F1 regulations.
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