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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Big Missouri | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 9/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-9-2018: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Big Missouri deposit at the Premier project. Drilling results incl. 28.78m @ 3.70g/t Au, 5.4g/t Ag from 156.97m. VANCOUVER, British Columbia, Sept. 05, 2018 -- Ascot Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 05, 2018 -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that drilling at the Big Missouri ridge has continued to intercept high-grade gold mineralization at all three known horizons: the Province zone close to surface; the Big Missouri zone at a depth of 160-200m; and an unnamed zone 100m below the Big Missouri zone. In addition, gold mineralization has been intercepted at the separate Unicorn zone. All areas are located at the Company’s Premier/Dilworth Property in northwestern BC. Highlights of this release include: • 5.0m of 10.38g/t AuEq* in hole P18-1731 at the Big Missouri zone. • 3.0m of 12.84g/t AuEq in hole P18-1713 at the Province zone. • 5.0m of 18.31g/t AuEq in hole P18-1714 at the Province zone. • 2.0m of 12.69g/t AuEq in hole P18-1726 at the Unicorn zone Figure 1 Image of the Big Missouri ridge, outlining the various areas of established gold mineralization described in this release with the exception of North Star. https://ascotgold.com/site/assets/files/4543/2018-09-05-nr-aot-figure1.jpg Derek White, President and CEO of Ascot Resources commented, “The Big Missouri ridge continues to deliver high-grade gold intercepts with many of them easily accessible near surface or by side hill access. We are very excited about the highgrade resource potential of this entire area and we will continue to drill during September and October. Ascot is developing a high-grade underground resource for the Big Missouri ridge and the nearby Unicorn zone. In addition, the proximity of the Silver Coin property to the Big Missouri ridge strengthens our ability to provide additional resources for the re-start of the Premier mill facility.” Figure 2 Plan view of the Big Missouri ridge showing the location of the drill pads discussed in this release. The drill holes for each pad are listed in table 4 below. | |
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