Ascot Resources Intersects 125.50 g/t Gold Over 1.50 Meters At Premier

 

VANCOUVER, BC - Ascot Resources Ltd. reported that the Premier property covers more than one hundred square kilometers 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. In its last set of results from its expanded 2016 drill program the Company announces hole P16-1216 in the 609 zone area which intersected an uncut average of 125.50 g/t gold over a core length of 1.50 meters within a broader interval grading 13.71 g/t Au over 14.80 meters. The 609 zone has been returning a number of high grade values in 2016. The 609 zone is a steep dipping northwest extension of the Lunchroom zone. The 2016 drilling continues to encounter high grade values in previously untested northwest portions of the flat lying 602 zone. In this release this includes P16-1212 with an uncut average of 90.20 g/t gold over a core length of 1.00 meter within a broader interval grading 11.07 g/t Au over 9.60 meters and P16-1215 with an uncut average of 88.90 g/t gold over a core length of 1.00 meter within a broader interval grading 14.79 g/t Au over 7.70 meters, as well as P16-1219 with an uncut average of 81.00 g/t gold over a core length of 1.00 meter within a broader interval grading 8.15 g/t Au over 23.00 meters. One of the final holes of the season intersected an extension 200 meters to the northwest of the Northern Lights system which opens up the system in a totally unexplored area. P16-1223 has an average of 4.65 g/t gold over a core length of 26.00 meters.