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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Big Missouri | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 8/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 9-8-2018: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Big Missouri deposit at the Premier project. Drilling results incl. 5.8m @ 14.22g/t Au, 11.5g/t Ag from 24.2m. VANCOUVER, British Columbia, Aug. 09, 2018 -- Ascot Resou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Aug. 09, 2018 -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that drilling at Big Missouri has intercepted high-grade gold mineralization in the Unicorn and Province zones. Highlights of this release include Derek White, President and CEO of Ascot Resources commented, “The clustered high-grade intercepts near surface in the Province zone and the new intercepts at Unicorn look very good. These new results increase our confidence that the resource update for the Premier and Big Missouri areas will establish a sufficient resource base to restart the Premier Mill. Additional drill results will be reported shortly and we anticipate similar successful results.” The Company is working towards recommencing underground production at the Premier site near Stewart, B.C. using existing facilities and infrastructure (mill building, tailings facility, underground development and power line). The current drill program is an integral part in the process to expand the existing resource base in support of engineering studies that commenced in the second quarter of 2018. This news release summarizes the results from 37 drill holes at the Big Missouri ridge at Ascot’s Premier-Dilworth Property. The drill density at Big Missouri was historically designed to establish low-grade, high-tonnage open pit potential. The new vision of the Ascot management team is to identify high-grade zones of mineralization that can be extracted from underground. A higher drill density will be required to discover and define all high-grade zones in the area. Locations of drill pads and drill traces are illustrated in Figure 1. | |
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