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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Northern Lights | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 10/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Northern Lights deposit at the Premier project. Drilling results incl. 98.3m @ 1.45g/t Au, 6.0g/t Ag, 0.32% Zn from 174.8m. The Premier property covers more than one | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC. As part of the 2017 exploration program at the Northern Lights zone, drilling continues to deliver good results. The new Prew Subzone results include hole P17-1452 which had an interval grading 8.04 g/t Au over 12.50 meters including 48.00 g/t Au over 1.65 meters. The Prew Subzone remains open along strike and has been traced for 500 meters down plunge, with a general width of 150-200 meters. This subzone is presently being infill drilled for resource definition purposes. The Prew Subzone has been named in memory of Mr. Mike Prew, who recently passed away. Mike was a staunch and vocal supporter of Ascot. In the Ben Subzone, currently being drilling for resource definition purposes, hole P17- 1449 returned 7.58 g/t Au over 1.5 meters and hole P17-1450 returned 83.00 g/t Au over 1.00 meters. This higher grade area in the Ben subzone has been traced down plunge for 700 meters. The company has engaged David Rennie of Roscoe Postle Associates Inc. (“RPA”) as the qualified person to assist the management in the development of a new resource estimate. | |
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