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Ascot Resources Ltd.

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Summary

Project:

Premier

Deposit:Unicorn
Location:Canada
Commodities:Gold-Silver-Zinc
Date:11/1/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing PEA
Report details:1-11-2018: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Unicorn deposit at the Premier project. Drilling results incl. 1.57m @ 80.22g/t Au, 30.0g/t Ag from 134.50m. VANCOUVER, British Columbia, Nov. 01, 2018 -- Ascot Resour
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: John Kiernan, Lawrence Tsang (Internal)
ABSTRACT:VANCOUVER, British Columbia, Nov. 01, 2018 -- Ascot Resources Ltd (TSX.V: AOT) (OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted highgrade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Missouri ridge. Highlights of this release include. Derek White, President and CEO of Ascot Resources commented, “We are very pleased with the results of the 2018 drill campaign and look forward to incorporate the new intercepts into our upcoming resource update. Ascot will have three distinct areas with a potential resource base, including the recently acquired Silver Coin Project, the high-grade resources at Premier/Northern Lights, and the various areas at the Big Missouri ridge. We are also excited about the exceptional exploration potential of our large land package and look forward to test numerous targets in 2019. Many of these high priority targets are potential extensions of our three resource areas while some have developed from our recently completed geophysical IP survey.” The Company is working towards gathering sufficient data to apply for permit amendments to recommence underground production at the Premier site near Stewart, B.C. using existing facilities and infrastructure (mill building, tailings facility, haul road, underground infrastructure and power line). The 2018 drill program comprised 45,848 metres of drilling in 237drill holes and an additional 1,835m of hydrogeology drilling. The program is an integral part in the process of expanding the existing high -grade resource base that will be used in the engineering studies that commenced in the second quarter of 2018. This news release summarizes the results from 30 drill holes at Unicorn and the Province zone at the Big Missouri ridge located approximately 7km to the north of the Premier mill building.

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