August 22, 2014 - 4:26 PM
VERNON - Land in the North Okanagan town of Lavington, B.C. is being explored for gold by a Toronto mining company.
The property is made up of four mineral claims covering 1,156 hectares about 10 km east of Vernon. Historically, the property has been explored by other companies, including BP in the 1980s.
Asher Resources president and CEO Richard Buzbuzian says a recent drilling program revealed encouraging results, including many meters of gold mineralization at various depths.
“From a technical point of view, there’s a lot of gold,” Buzbuzian says.
The drilling also indicates previously undiscovered veins are present elsewhere on the property. But mining the site is still a long ways away and pending the results of more testing, Buzbuzian says.
“The goal is to continue to explore the project to see what we have there,” Buzbuzian says.
Asher’s geologist, Leo Lindinger of Kamloops, says the vast system remains largely under-explored.
“There’s at least two other major targets on the property that haven’t even been looked at,” Lindinger says.
He says there are some past producing gold mines in the area, as well as several other prospects being looked at on and off. Within southern B.C. in general, he says approximately 20-30 companies are actively exploring sites.
The Lavington site is one of two properties owned by Asher Resources. The other is located in Nevada, southeast of Reno.
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News from © InfoTel News Ltd, 2014