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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Indian Ridge | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 9/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 10-9-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Indian Ridge deposit at the Premier project. Drilling results incl. 10.05m @ 0.22g/t Au, 3.11g/t Ag, 0.10% Zn, 0.04% Pb from 497.95m. VANCOUVER, British Columbia, Sept | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 10, 2019 -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the initial results from three exploration drill holes targeting geophysical and deep anomalies southeast of the Big Missouri resource area and south of the Silver Coin deposit. The drill holes intercepted sulfide zones with anomalous gold, silver and base metals at the depth indicated by the geophysical data. Derek White, President and CEO of Ascot Resources commented, “A significant portion of the two 16km gold bearing ridges on the Premier property remain underexplored. In 2019, the Company began drill testing some of the geophysical anomalies, which indicated deeper sulfide zones outside the known resources. This exploration technique demonstrates how a geophysical approach can be used to discover new zones of mineralization. In these initial drill holes, the Company identified three new deeper zones that are below 300m from surface, which are areas that have previously never been explored and a new zone south of the Silver Coin deposit on the Indian Ridge. We are excited by these results and see a great opportunity to generate new discoveries. We will expand our exploration efforts in 2019 and plan to use this technique at Red Mountain in the future.” | |
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