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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Northern Lights | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Northern Lights deposit at the Premier project. Drilling results incl. 42.72m @ 2.41g/t Au, 8.5g/t Ag, 0.2% Zn from 242.5m. VANCOUVER, British Columbia, Nov. 07, 2017 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 07, 2017 -- Ascot Resources Ltd. (TSXV:AOT) (“Ascot” or the “Company”) is pleased to announce that during 2017 379 holes were drilled for a total 118,800 metres. The goal of the program was to follow up on highgrade targets from previous drill programs including the newly discovered Ben and Prew subzones in the Northern Lights area. Work included a combination of broadly spaced drilling to outline targets, as well as tighter drill spacing on specific highergrade areas for inclusion in a new resource estimate. The Company is expecting assay results from 72 holes between now and early December which completes the 2017 program. 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. • The new Prew Subzone continues to deliver good results specifically hole P17-1506 which had an interval grading 10.57 g/t Au over 6.00 metres including 22.10 g/t Au over 2.00 metres and P17-1493 which had an interval of 15.90 g/t Au over 4.22 metres including 46.70 g/t Au over 1.00 m. The Prew Subzone (named in memory of Mr. Mike Prew) remains open along strike and has been traced for 500 metres down plunge, with a general width of 150-200 metres | |
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