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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Northern Lights | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 12/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 11-12-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Northern Lights deposit at the Premier project. Drilling results incl. 90.23m @ 1.61g/t Au, 6.3g/t Ag, 0.38% Zn from 225.77m. VANCOUVER, British Columbia, Dec. 11, 20 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 11, 2017 -- Ascot Resources Ltd (TSXV:AOT) (“Ascot” or the “Company”) is pleased to announce the completion of Ascot’s 2017 drilling program on the Premier property, which covers more than 65 square kilometres near the town of Stewart in northwest BC. The 2017 program was executed in a cost effective and efficient manner utilizing the company owned fleet of eight diamond drills. During the 2017 season, 379 holes were drilled for a total 118,800 metres with the specific goal of further exploring high priority targets outlined in previous campaigns with a focus on the Northern Lights area (“Northern Lights”). Work in the Northern Lights used a combination of broad drilling to outline the target, as well as tightening drill spacing on specific higher-grade areas for inclusion in a new resource estimate. This release summarizes the last set of high grade assay results from 40 holes drilled on targets in the Northern Lights area as well as a number of reconnaissance drill holes in the Big MissouriMartha Ellen areas, located approximately 5 kilometres to the north of the Premier open pit. As per details in a previous release, the Company has engaged David Rennie of Roscoe Postle Associates Inc. (“RPA”) as the qualified person to assist management in the development of the new resource estimate. The new resource estimate will provide the basis for a PEA to explore mining opportunities utilizing the existing mine and plant infrastructure. With the successful completion of the 2017 program, Ascot is currently reviewing drill plans for next year targeting infill drilling at Big Missouri, Northern Lights and Premier and additional exploration drilling of high priority targets elsewhere on the property. A finalized drill plan will be announced in conjunction with the new NI 43-101 resource in Q1 2018. | |
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