Ascot Resources Intersects 28.26 Metres of 4.91 Grams Per Tonne Gold in Unicorn Zone at Premier
10 Diciembre 2013 - 8:00AM
Marketwired
Ascot Resources Intersects 28.26 Metres of 4.91 Grams Per Tonne
Gold in Unicorn Zone at Premier
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 10, 2013) -
Highlights of
Release:
- Drilling continues to expand and confirm property potential for
bulk tonnage and higher grade underground gold/silver targets.
- This is the fifth and final release for the 2013 drilling
campaign covering an additional 27 holes.
- Drilling is now completed for the season.
Ascot Resources Ltd.
(the "Company") (TSX-VENTURE:AOT) is pleased to announce that wide
zones of gold and silver mineralization continue to be encountered
in all target areas of the Premier and Dilworth properties. These
properties, which cover more than one hundred square kilometres
near the town of Stewart in northwest BC, include the old Premier
Mine which was a past producer of 2.1 MOz Au and 44.9 MOz Ag.
Results have now been received from ALS for all of the 145 holes
drilled in 2013. The Company has now completed its 2013 season,
drilling a total of 25,742 meters. Results from the 2013 drilling
campaign continue to expand and confirm the property potential for
both bulk tonnage and higher grade underground gold/silver
targets.
Wide zones of gold
and silver mineralization continue to be encountered in all of the
target areas demonstrating bulk tonnage potential in a generally
flat sheet like orientation containing higher grade quartz breccia
bodies. This release covers results for the fifth set of 27 holes
(P-13-551 to 578). The first 118 holes were released in the
September 12th 2013, September 26th 2013, October 24th 2013 and
November 13th news releases. Detailed results table, locations and
figures can be viewed at the following Ascot link:
www.ascotresources.ca
New highlights
include:
Hole # |
Zone |
Comment |
From m's |
To m's |
Width m's |
Au (g/t) |
Ag (g/t) |
|
|
|
|
|
|
|
|
PR-13-551 |
Unicorn |
|
63.26 |
92.00 |
28.74 |
1.82 |
19.2 |
|
|
incl. |
78.00 |
79.00 |
1.00 |
11.20 |
62.2 |
|
|
|
|
|
|
|
|
PR-13-559 |
Golden Crown |
|
24.00 |
35.14 |
11.14 |
3.07 |
13.3 |
|
|
incl. |
25.03 |
27.00 |
1.97 |
16.35 |
48.7 |
|
|
|
|
|
|
|
|
PR-13-561 |
Unicorn |
|
72.00 |
152.00 |
80.00 |
2.67* |
8.7 |
|
|
incl. |
84.78 |
150.26 |
65.48 |
3.07* |
9.9 |
|
|
incl. |
122.00 |
150.26 |
28.26 |
4.91* |
12.2 |
|
|
incl. |
148.50 |
150.26 |
1.76 |
63.40 |
17.7 |
|
|
|
|
|
|
|
|
PR-13-562 |
S1 |
|
45.49 |
101.95 |
56.46 |
0.63 |
5.0 |
|
|
incl. |
53.00 |
61.00 |
8.00 |
1.40 |
5.1 |
|
|
|
|
|
|
|
|
PR-13-564 |
S1 |
|
86.00 |
110.00 |
24.00 |
1.89 |
4.3 |
|
|
incl. |
96.00 |
97.50 |
1.50 |
16.30 |
15.8 |
|
|
|
|
|
|
|
|
PR-13-567 |
S1 |
|
41.43 |
66.00 |
24.57 |
2.09 |
6.2 |
|
|
incl. |
58.68 |
61.00 |
2.32 |
18.80 |
17.3 |
|
|
|
|
|
|
|
|
PR-13-571 |
S1 |
|
98.00 |
148.00 |
50.00 |
1.01 |
3.8 |
|
|
incl. |
140.00 |
148.00 |
8.00 |
4.13 |
7.2 |
True widths are
generally believed to be 85-90% of intersected widths. *Assay
values are not cut. -see detailed table for cut values.
Drilling for the
period of this release has been focused in the S1 zone and Unicorn
zone which cover portions of the Big Missouri target, there was
also limited testing of the Golden Crown and Dago zones. Drilling
in the Unicorn and S1 has continued to encounter gold and silver
mineralization in near surface mineralization.
Graeme Evans, P. Geo
and Lawrence Tsang, P.Geo are providing 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. 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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press
release.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained
in this press release relative to markets about anticipated future
events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or
result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. All statements, other than
statements of historical fact, included herein, including, without
limitation; the completion of the Offering on the terms set forth
herein, the anticipated closing date of the Offering and the use of
proceeds from the Offering are forward looking statements.
Forward-looking statements are subject to business and economic
risks and uncertainties and other factors that could cause actual
results of operations to differ materially from those contained in
the forward-looking statements. Important factors that could cause
actual results to differ materially from the Company's expectations
include fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results
and the geology, continuity and grade of mineral deposits; the need
for cooperation of government agencies and native groups in the
exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to
develop properties and uncertainty as to the availability and terms
of future financing; the possibility of delay in exploration or
development programs and uncertainty of meeting anticipated program
milestones; and uncertainty as to timely availability of permits
and other governmental approvals. Forward-looking statements are
based on estimates and opinions of management at the date the
statements are made. The Company does not undertake any obligation
to update forward-looking statements except as required by
applicable securities laws. Investors should not place undue
reliance on forward-looking statements.
Ascot Resources Ltd.John A. ToffanPresident and Director(604)
379-1170(604) 684-9877www.ascotresources.ca
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