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ORN Orsa Ventures Corp.

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Share Name Share Symbol Market Type
Orsa Ventures Corp. TSXV:ORN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Orsa Ventures Completes Geophysical Survey at Ashby Property

19/06/2012 5:55pm

Marketwired Canada


Orsa Ventures Corp. ("Orsa" or the "Company") (TSX VENTURE:ORN) announced today
that the Company has completed a geophysical survey on the Ashby Property.
Preliminary data suggests that there are at least two anomalous zones in the
area of the property.


Approximately 10 line-kilometers of Induced Polarization (IP) were completed to
confirm the extent of a previously discovered resistivity and chargeability
anomaly. The four-line survey outlined an area approximately two by 1.5
kilometres containing continuous zones with strong conductivity and low
resistivity. This area is underlain by folded and faulted platey limestone and
small zones of propylitic altered diorite. The north and east edges of the area
are defined by zones of well-developed jasperoid, often containing copper oxide,
and iron oxide-stained, decalcified limestone. 


Geological and geophysical data point to the potential for a large intrusive
related, porphyry copper gold system and a high-sulfidation, epithermal gold
system which hosted the previous gold production from the project. A trenching
program to expose more of the mineralized jasperoid zones around the geophysical
target and zones of vuggy quartz alteration around the epithermal target are
planned to help further define drilling targets.


The Ashby Mine is credited with reported production of 9,000 ounces of gold
between 1934 and 1937. Additional small scale mining removed several hundred
ounces per year in the 1980's and 1990's. Gold was produced from ten steeply
dipping, inclined shafts from over several hundred metres of underground
workings.


Orsa announced can earn up to a 51% interest in the Ashby gold property in
Nevada through an option agreement with Bridgeport Ventures by phased
exploration expenditures, cash payments and share issuances.


About Orsa

Orsa Ventures Corp. is a junior company focused on the exploration for, and
development of, gold-silver-copper properties in the western United States. Orsa
has a 2.85 million ounce Inferred gold Resource (110,448,000 tonnes grading 0.80
grams per tonne gold) on its Quartz Mountain Property, southern Oregon with
excellent exploration upside. Orsa recently announced the discovery of
significant sediment-hosted gold system at its Coal Canyon Property in the
Oreana Mining Trend, Nevada, where over 10 million ounces has been discovered
since 2009. The Company also has the right to earn a 51% interest Ashby
Property, a former gold producer and porphyry copper-gold target, located in the
Walker Lane Mining Trend, host to several large copper and gold deposits in
Nevada.


On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

Linda Thorstad, P. Geo., a Qualified Person as defined by National Instrument
43-101 and President and Chief Executive Officer of the Company, has read and
approved the technical information in this news release. 


FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's plans with
respect to the closing of the Financing and the use of proceeds thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.


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