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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Northern Lights | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 22-11-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Northern Lights deposit at the Premier project. Drilling results incl. 71.4m @ 2.52g/t Au, 7.2g/t Ag, 0.28% Zn from 261.7m. VANCOUVER, British Columbia, Nov. 22, 2017 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 22, 2017 -- Ascot Resources Ltd (TSXV:AOT) (“Ascot” or the “Company”) is pleased to announce the next set of high-grade gold assay results from 32 holes in the Northern Lights area. The Company has 40 holes remaining pending assay results, which are expected to be completed between now and early December 2017. 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. Two long tenured executive directors, John Toffan and Rick Kasum have recently resigned from the Board. As the former President and CEO of Ascot, Mr. Toffan was instrumental in advancing the Company to where it is today. Mr. White, President & CEO, commented, “John led the Company since its inception and we thank him most heartily for his leadership and faithful service over this period. Rick, based in Stewart, B.C. and a veteran of the Golden Triangle area, has been a key contributor in helping the Company with its extensive drilling program and activities in the local community. Rick will continue to assist the Company as a consultant, working with Ascot on its future drilling programs. On behalf of everyone at Ascot we thank them both for their tremendous longstanding efforts, especially with the extensive drill program. We wish them both success in their future endeavours.” | |
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