Ascot Resources Ltd. (TSX.V: AOT) - 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 expanded 2016 drill program the Company announces hole P16-1205 in the 602 zone area which intersected an uncut average of 261.00 g/t gold over a core length of 1.00 meters within a broader interval grading 20.41 g/t Au over 13.50 meters. The 602 zone has been returning a number of high grade values in 2016 which are expanding the size and increasing the grade of this flat lying target.
- The 2016 drilling continues to encounter high grade values in previously untested portions of the Northern Lights zone, demonstrating the zone has potential similar to that of the Premier system.
New drill highlights include:
| Hole # | Zone | From m's | To m's | Width m's | Au (g/t) |
Au Cut* (g/t) |
Ag (g/t) |
Zn % | |
| P16-1186 | Northern Light | 253.00 | 289.00 | 36.00 | 2.42 | 1.46* | 4.9 | 0.13 | |
| incl. | 276.02 | 278.50 | 2.48 | 29.95 | 15.96* | 30.7 | 0.23 | ||
| incl. | 277.50 | 278.50 | 1.00 | 69.00 | 34.29* | 70.3 | 0.47 | ||
| P16-1187 | Northern Light | 266.34 | 282.72 | 16.38 | 4.44 | 2.65* | 13.2 | 0.33 | |
| incl. | 266.34 | 270.00 | 3.66 | 18.64 | 11.72* | 64.5 | 1.26 | ||
| incl. | 268.87 | 270.00 | 1.13 | 56.70 | 34.29* | 186.0 | 3.96 | ||
| P16-1189 | Lunchroom Zone | 82.13 | 118.30 | 36.17 | 3.14 | 2.47* | 15.9 | 0.95 | |
| incl. | 90.00 | 110.50 | 20.50 | 5.14 | 3.95* | 23.5 | 1.49 | ||
| incl. | 99.97 | 101.70 | 1.73 | 48.40 | 34.29* | 94.3 | 5.35 | ||
| P16-1196 | 609 & 602 Zone | 313.03 | 330.77 | 17.74 | 1.27 | 1.27 | 4.6 | 0.44 | |
| incl. | 319.00 | 323.00 | 4.00 | 3.74 | 3.74 | 2.5 | 0.16 | ||
| also | 345.82 | 405.61 | 59.79 | 1.00 | 1.00 | 6.5 | 0.75 | ||
| incl. | 391.50 | 405.61 | 14.11 | 3.06 | 3.06 | 4.9 | 0.35 | ||
| incl. | 391.50 | 396.00 | 4.50 | 7.60 | 7.60 | 9.1 | 0.83 | ||
| incl. | 393.00 | 394.50 | 1.50 | 16.00 | 16.00 | 13.1 | 0.51 | ||
| P16-1198 | Northern Light | 236.09 | 280.50 | 44.41 | 3.05 | 2.91* | 4.5 | 0.18 | |
| incl. | 273.50 | 285.50 | 5.00 | 17.98 | 16.83* | 14.1 | 0.38 | ||
| incl. | 273.50 | 274.50 | 1.00 | 40.00 | 34.29* | 22.5 | 0.84 | ||
| incl. | 276.50 | 278.50 | 2.00 | 24.00 | 24.00 | 8.0 | 0.40 | ||
| P16-1199 | Northern Light | 254.29 | 285.38 | 31.09 | 0.98 | 0.98 | 5.4 | 0.15 | |
| incl. | 280.00 | 285.38 | 5.38 | 3.29 | 3.29 | 5.2 | 0.22 | ||
| also | 292.40 | 302.31 | 9.91 | 5.10 | 5.10 | 5.5 | 0.22 | ||
| incl. | 300.00 | 302.31 | 2.31 | 19.60 | 19.60 | 10.8 | 0.06 | ||
| P16-1204 | 602 Zone | 301.90 | 332.00 | 30.10 | 4.04 | 2.69* | 5.6 | 0.20 | |
| incl. | 308.50 | 325.00 | 16.50 | 7.09 | 4.62* | 7.1 | 0.27 | ||
| incl. | 311.50 | 313.22 | 1.72 | 58.00 | 34.29* | 20.0 | 0.44 | ||
| P16-1205 | 602 Zone | 262.00 | 326.00 | 64.00 | 5.47 | 1.93* | 7.8 | 0.40 | |
| incl. | 272.00 | 285.50 | 13.50 | 20.41 | 3.62* | 14.0 | 0.20 | ||
| incl. | 280.00 | 281.00 | 1.00 | 261.00 | 34.29* | 150.0 | 1.22 | ||
| incl. | 308.00 | 316.00 | 8.00 | 7.16 | 7.16 | 10.8 | 0.98 | ||
| incl. | 314.00 | 316.00 | 2.00 | 26.20 | 26.20 | 17.8 | 0.26 |
| 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 9th for the season reporting 24 holes P16-1182-1205, previous results were released on June 8th, July 5th, July 21st, August 11th, September 12, October 14, Nov.7, 2016 and Nov.16, 2016. Results will be released as they become available, 19 holes are still pending. Ascot drilled 69,123 meters in 279 holes 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.
Source: Ascot Resources
