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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Northern Lights | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 8/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Northern Lights deposit at the Premier project. Drilling results incl. 59.76m @ 14.79g/t Au, 4.4g/t Ag, 0.21% Zn from 240.24m. The Premier property covers more than on | |
| 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, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag. This release is the sixth for the 2017 season reporting 12 holes P17-1399-1410. At present, seven Ascot owned drill rigs are operating on the property. To date 237 holes have been completed in 75,447 meters of drilling. Fifty drill holes are presently pending results and results will be released as they become available. Detailed results table, locations and figures can be viewed at the following Ascot link: www.ascotgold.com In this sixth set of results for 2017, the Northern Lights main zone continues to deliver good results. In the New Subzone hole P17-1400 returned 321.00 g/t Au over 2.50 meters within a wider zone grading 87.66 g/t Au over 9.50 meters and P17-1399 returned several high grade intervals within a zone grading 10.26 g/t Au over 11.00 meters. These holes are approximately 60 meters dip length apart and together with earlier holes they demonstrate the good continuity of the high grade. This New Subzone remains open up dip and has been traced for 400+ meters of plunge length with a general width of 100-150 meters. This area will be infill drilled, later in the season, for resource definition purposes. | |
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