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Ascot Resources Ltd.

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Summary

Project:

Premier

Deposit:Premier
Location:Canada
Commodities:Gold-Silver-Zinc
Date:10/14/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-10-2016: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 43.17m @ 3.68g/t Au, 5.9g/t Ag, 0.25% Zn from 237.500m. The Premier property covers more than one hundr
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Graeme Evans (Not stated)
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. Highlights of Release: In its latest set of results from its expanded 2016 drill program the Company announces hole P16-1107 in the Northern Lights Zone area which intersected an uncut average of 83.50 g/t gold over a core length of 1.00 meters within a broader interval grading 8.98 g/t Au over 15.00 meters. At present Ascot has five diamond drill rigs operating with good results being returned in all areas. In particular, the Northern Lights area, which has seen relatively little previous exploration, continues to report very promising results and a drill operating in the Premier pit is successfully extending the high grade Lunchroom Zone to the east. Cross sections of highlighted zones are now available on the news release section of the Company’s website.

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