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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-12-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 3.58m @ 17.29g/t Au, 62.8g/t Ag from 138.17m. VANCOUVER, British Columbia, Dec. 05, 2019 -- Ascot Resour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 05, 2019 -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce high-grade gold results from exploration drill holes completed in a potential discovery to the west of the Premier deposit near Stewart, British Columbia. In its news release from November 7, 2019, the Company announced a gold intercept in a geotechnical drill hole (P19-2166, 9.70g/t Au over one metre) that was drilled at the site of a proposed portal site at the Premier deposit. Subsequent to the intercept, the Company assigned a drill rig to investigate the extent of mineralization in the area. This release is reporting the results from the ten (10) follow-up drill holes. Derek White, President and CEO of Ascot commented, “These results demonstrate the near-term potential to expand our high -grade resources to the west of the known resources at Premier. This area now ranks as a high priority area for exploration as the prospect of adding resources close to existing and planned infrastructure is highly appealing. This potential discovery will certainly be an area of focus for exploration in the new year.” | |
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