Asher Resources receives BLM OK for King Mine dril Asher Resources Corp (C:ACN)
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Tuesday March 19 2013 - News Release
Mr. Richard Buzbuzian reports
ASHER ANNOUNCES KING MINE DRILL PERMIT
Asher Resources Corp. has received approval from the United States Bureau of Land Management to conduct a 3,050-metre (10,034-foot) reverse-circulation drilling program in 16 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.
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