TORONTO,
March 19, 2013 /CNW/ - Asher
Resources Corp. ("Asher" or the "Company") (TSXV: ACN) is
pleased to announce it has received approval from the United States Bureau of Land Management
(BLM) to conduct a 3050 m (10,034 ft) reverse circulation drilling
program in sixteen holes on its King Mine project, located in
Mineral county, Nevada, approximately 10 miles east of the
past producing Rawhide gold mine.
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.
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