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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Silver Coin | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 1/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 6-1-2020: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Silver Coin deposit at the Premier project. Drilling results incl. 6.69m @ 30.81g/t Au, 29.1g/t Ag from 98.07m. VANCOUVER, British Columbia, Jan. 06, 2020 -- Ascot Reso | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Jan. 06, 2020 -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce further outstanding results from drill holes completed in the Silver Coin deposit of Ascot’s Premier Gold Project (“PGP”) near Stewart in northwestern British Columbia. The Silver Coin deposit is located approximately five kilometres to the north of the Premier mill and 800 metres south from the Big Missouri deposit. In 1991, the Premier mill processed 102,500 tonnes of Silver Coin ore at a grade of 8.88g/t Au. Ascot acquired Silver Coin in 2018 and is currently preparing a mine plan using side hill access. At Silver Coin, Ascot conducted an 11,000-metre drill program in the 2019 field season. This release reports the results from the fourth and final set of drill holes, adding to the intercepts reported in releases of September 5, October 9 and December 2. Derek White, President and CEO of Ascot commented, “This concludes results from our 2019 drill campaign at PGP. This last set of holes produced some outstanding results for the Company with thick high-grade intercepts. Overall at Silver Coin we reported 34 individual intercepts over 10g/t gold, including one exceptional 273g/t gold interval. The new intercepts underpin a better understanding and predictability of the geological model and provides Ascot a stronger base to work from for the development of the forthcoming updated resource statement and feasibility study. We are pleased to announce that we will be hosting a Webinar on Wednesday January 8 at 1:05 pm Pacific/4:05 pm Eastern. Details can be found on our web site. In addition, we would like to invite interested parties to meet Ascot management in person at the upcoming Cambridge House investor show and at the industry focussed Roundup in Vancouver if you are planning to attend.” | |
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