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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Big Missouri | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 18-9-2018: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Big Missouri deposit at the Premier project. Drilling results incl. 37.6m @ 4.42g/t Au, 12.8g/t Ag from 216.0m. VANCOUVER, British Columbia, Sept. 18, 2018 -- Ascot Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 18, 2018 -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that drilling to the west of the 602 and 609 zones at Premier has extended mineralization 150 metres from the resource area (see news release of May 10, 2018). Drilling at Big Missouri continues to add high-grade gold intercepts. Highlights of this release include: Derek White, President and CEO of Ascot Resources commented, “The extension of mineralization in the 602 and 609 zones towards the west near the level 6 underground portal is particularly significant as planned mining will commence in that area during the restart of operations. The continued flow of high-grade intercepts from Big Missouri bodes well for the wire-framing of high-grade zones for our resource update later this year. Along with the recently reported geophysical survey success, Ascot’s future outlook is bright. The Company has existing facilities and infrastructure, including a mill building, tailings facility, underground infrastructure and a power line. The current drill program is being conducted to expand the existing resource base to support engineering studies that commenced in the second quarter of 2018. This news release summarizes the results from 13 drill holes in the western part of Premier and 14 drill holes at Big Missouri and Unicorn, five kilometres to the north. | |
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