Posted in | Mining Business

Ascot Resources Announces Results from Expanded 2016 Drill Program in West Zone Area

Ascot Resources Ltd. - The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag.

Highlights of Release:

  • In its latest set of results from its now expanded 2016 drill program the Company announces hole P16-1064 in the West Zone area which intersected an uncut average of 76.30 g/t gold over a core length of 1.00 meters within a broader interval grading 8.83 g/t Au over 11.00 meters.
  • At present Ascot has five diamond drill rigs operating and good results are being returned in all areas. In particular, the Northern Lights area, which has seen relatively little previous exploration, continues to excite. Latest results from the Northern Lights area include P16-1078 which intersected an uncut average of 52.30 g/t gold over a core length of 1.15 meters within a broader interval grading 3.02 g/t Au over 52.50 meters.
  • New drill highlights include:
Au Au Cut* Ag
Hole # Zone From m's To m's Width m's (g/t) (g/t) (g/t) Zn %
P16-1051 Below Main 203.30 255.17 51.87 2.30 2.30 41.6 1.79
incl. 230.00 244.50 14.50 5.78 5.78 78.9 4.03
incl. 231.43 238.27 6.84 8.92 8.92 112.7 6.27
incl. 231.43 233.00 1.57 12.65 12.65 63.6 9.03
P16-1054 Northern Lights 222.16 234.90 12.74 2.54 2.54 5.1 0.47
incl. 222.16 222.68 0.52 26.70 26.70 11.3 0.21
incl. 232.90 234.90 2.00 6.69 6.69 23.0 2.10
also 282.06 313.03 30.97 1.18 1.18 4.0 0.25
incl. 294.90 299.08 4.18 6.45 6.45 9.2 0.66
incl. 294.90 296.90 2.00 11.50 11.50 11.3 0.82
P16-1055 Northern Lights 200.00 218.00 18.00 2.42 2.42 11.3 0.96
incl. 203.50 206.50 3.00 13.25 13.25 59.2 4.99
incl. 203.50 204.50 1.00 24.50 24.50 105.0 8.37
P16-1058 Below Main 166.60 200.25 33.65 1.80 1.80 72.8 0.31
incl. 166.60 185.00 18.40 3.01 3.01 126.5 0.18
incl. 166.60 170.88 4.28 10.19 10.19 529.2 0.27
P16-1060 West Zone 280.15 322.17 42.02 1.73 1.73 20.8 0.34
incl. 304.31 318.00 13.69 3.86 3.86 54.2 0.76
incl. 304.31 307.00 2.69 12.24 12.24 38.2 0.54
incl. 304.31 305.50 1.19 20.90 20.90 57.2 0.55
P16-1061 West Zone 198.25 219.91 21.66 2.72 2.72 11.9 0.83
incl. 198.25 209.00 10.75 5.20 5.20 21.8 1.45
incl. 198.25 203.45 5.20 8.76 8.76 40.5 2.21
incl. 199.50 200.50 1.00 16.65 16.65 49.8 5.07
also 258.00 285.90 27.90 0.91 0.91 6.6 0.40
incl. 280.00 285.00 5.00 3.82 3.82 18.7 1.80
P16-1064 West Zone 248.50 294.50 46.00 2.47 1.56* 6.0 0.16
incl. 264.00 275.00 11.00 8.83 5.01* 12.4 0.28
incl. 264.00 265.00 1.00 76.30 34.29* 41.7 0.35
P16-1070 Northern Lights 175.10 195.22 20.12 3.16 3.16 5.0 0.51
incl. 175.10 188.00 12.90 4.76 4.76 5.6 0.60
incl. 186.00 188.00 2.00 21.50 21.50 15.0 1.24
P16-1078 Northern Lights 165.00 217.50 52.50 3.02 2.63* 7.4 0.43
incl. 165.00 177.50 12.50 4.09 4.09 8.1 0.19
incl. 172.50 176.00 3.50 10.16 10.16 14.4 0.18
incl. 200.58 217.50 16.92 5.23 4.00* 9.1 0.26
incl. 212.00 213.15 1.15 52.30 34.29* 60.9 1.13
True widths are generally believed to be 70-90% of intersected widths in the Premier area.
(*) samples cut to 1opt or 34.29 g/t Au.

This release is the 5th for the season reporting 30 holes P16-1051-1080, previous results were released on June 8th, 2016, July 5th, 2016, July 21st, 2016 and August 11th, 2016. Drilling is ongoing with five drill rigs on the Premier system. Results will be released as they become available. Ascot has drilled 43,038 meters in 176 holes to date in 2016. Detailed results table, locations and figures can be viewed at the following Ascot link: www.ascotresources.ca

Graeme Evans, P. Geo and Lawrence Tsang, P. Geo provide the field management for the Premier exploration program. Graeme Evans, designated as the Qualified Person (QP) as defined by National Instrument 43-101 has prepared the technical information in this news release.

Quality Assurance/Quality Control

Analytical work is being carried out by ALS Lab Group. Quality assurance and quality control programs include the use of analytical blanks and standards and duplicates in addition to the labs own internal quality assurance program. All samples were analyzed using multi-digestion with ICP finish and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. Identified or suspected metallic gold or silver are subjected to "metallics" assays. Also for extreme high gold grades a concentrate analysis is performed with a fire assay and gravimetric finish accurate up to 999985 ppm Au limit (ALS Au-CON01) method. Sampling and storage are at the company's secure facility in Stewart with bi-weekly sample shipments made to ALS Labs Terrace prep site.

On Behalf of the Board of Directors

ASCOT RESOURCES LTD.

John A. Toffan, President and Director

Source: http://www.ascotresources.ca/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit