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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Silver Coin | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 2-12-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Silver Coin deposit at the Premier project. Drilling results incl. 3.59m @ 52.67g/t Au, 32.8g/t Ag from 103.22m. VANCOUVER, British Columbia, Dec. 02, 2019 -- Ascot Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 02, 2019 -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the results from twenty-seven (27) drill holes completed in the Silver Coin deposit of Ascot’s Premier Gold Project (“Premier”) near Stewart in northwestern British Columbia. The Silver Coin deposit, acquired in 2018, is located approximately five kilometres to the north of the Premier mill. This release contains the results from the third set of drill holes from the 10,500 metre 2019 drill campaign at the site. The deposit was mined in 1991 producing 102,500 tonnes at a grade of 8.88g/t Au with an average gold recovery of 92.9 percent. Derek White, President and CEO of Ascot commented, “We are proud to report the third successive set of very impressive drill results from Silver Coin. This set of holes generated over a dozen intercepts above 9g/t Au over one metre or more. The multiple high-grade intercepts from the deposit were highlighted by an exceptional intercept of one metre at 184g/t gold in P19-2019. This deposit is but one of several deposits at Premier that demonstrate the remarkable potential of the project. Our engineers continue to work very hard to deliver a mine development plan that will allow Ascot to realize this potential for its shareholders.” | |
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