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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Silver Hill | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 16-12-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Silver Hill deposit at the Premier project. Drilling results incl. 1.00m @ 2.65g/t Au, 880.0g/t Ag from 22.80m. VANCOUVER, British Columbia, Dec. 16, 2019 -- Ascot Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 16, 2019 -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce high-grade silver drill results from exploration drilling at the Silver Hill target in the northeastern part of the Premier property as a follow up to high-grade grab samples reported in the Company’s news release of November 7, 2019. Derek White, President and CEO of Ascot commented, “These high-grade silver results are the first drill intercepts confirming the high-grade potential from this target area. The prospect is located at the contact of volcanic and sedimentary rocks where deposits such as Eskay Creek occur. If the metals at Silver Hill are sourced from such a target at depth, it will offer the Company’s shareholders participation in potential discoveries of a geological type quite different from Premier style deposits with significant exposure to very high-grade silver mineralization. Beyond the first drill holes, the initial geophysical survey, which covers a broader area shows a large intriguing anomaly at the northern end of the survey lines. The Company is developing a follow up program for 2020 which will include both additional geophysics and drilling to more fully investigate this attractive target.” | |
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