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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 64.00m @ 5.47g/t Au, 7.8g/t Ag, 0.40% Zn from 262.00m. The Premier property covers more than one hundre | |
| 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. In its latest set of results from its expanded 2016 drill program the Company announces hole P16-1205 in the 602 zone area which intersected an uncut average of 261.00 g/t gold over a core length of 1.00 meters within a broader interval grading 20.41 g/t Au over 13.50 meters. The 602 zone has been returning a number of high grade values in 2016 which are expanding the size and increasing the grade of this flat lying target. The 2016 drilling continues to encounter high grade values in previously untested portions of the Northern Lights zone, demonstrating the zone has potential similar to that of the Premier system. | |
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