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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 7/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2016: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 65.96m @ 5.53g/t Au, 84.1g/t Ag, 0.06% Zn from 18.61m. The Premier property covers more than one hundred | |
| 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. Ascot’s initial drilling in 2016 is being concentrated in the old Premier Mine area where it will consist of 42,200 meters of drilling in 149 holes from 34 pads. The layout of the drill plan, based on twenty-five meter centers, will enable the Company to commission a maiden NI 43-101 resource on this area after the completion of the 2016 field season. Results continue to demonstrate good continuity of the mineralization and include good grades between zones previously drilled by Ascot, including several recent drill holes intersecting visible gold and electrum in new areas not previously tested (results for these holes are pending). Ascot’s initial drilling in 2016 is being concentrated in the old Premier Mine area where it will consist of 42,200 meters of drilling in 149 holes from 34 pads. The layout of the drill plan, based on twenty-five meter centers, will enable the Company to commission a maiden NI 43-101 resource on this area after the completion of the 2016 field season. Results continue to demonstrate good continuity of the mineralization and include good grades between zones previously drilled by Ascot, including several recent drill holes intersecting visible gold and electrum in new areas not previously tested (results for these holes are pending). | |
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