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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Silver Coin | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-9-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Silver Coin deposit at the Premier project. Drilling results incl. 40.50m @ 4.34g/t Au, 18.6g/t Ag from 46.00m. VANCOUVER, British Columbia, Sept. 05, 2019 -- Ascot Res | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 05, 2019 -- Ascot Resources Ltd (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce excellent drill results from the Silver Coin deposit that was acquired in October 2018. The Silver Coin deposit is just to the south of Big Missouri and forms part of the contiguous Ascot property. Both deposits are located approximately 5km to the north of the Premier mill and are part of Ascot’s Premier Project (“Premier”) near Stewart in northwestern British Columbia. The results in this news release summarize the first batch of drill holes from a 10,500m program at the Silver Coin deposit. To date, the Company has completed in excess of 40,000m of drilling at its Premier Project. Derek White, President and CEO of Ascot Resources commented, “We are extremely pleased with the initial results from the Silver Coin deposit. These results indicate that our technical team assessed the potential of the deposit correctly leading to an independent resource estimate that more than doubled the amount of contained gold. We are confident that Silver Coin will be a strong contributor to our efforts of re-starting production at the Premier mill. We can see significant exploration upside at Silver Coin as there are several historical drill holes with high-grade gold intercepts outside of the core area of the deposit.” | |
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