Ascot Resources drills 52.4 m of 5.17 g/t Au at Premier

Alpha Stox July 28, 2017 Comments Off
Ascot Resources drills 52.4 m of 5.17 g/t Au at Premier

Mr. John Toffan reports

ASCOT RESOURCES INTERSECTS 190.5 G/T AU OVER 1.20 METERS IN THE NEW HIGHGRADE BEN SUBZONE AT NORTHERN LIGHTS

Ascot Resources Ltd. has released drill results from the Ben subzone of the Northern Lights main zone at its Premier property in British Columbia.

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 this fourth set of results for 2017, the Northern Lights main zone continues to deliver good results. Most holes in this release come from the newly discovered Ben Subzone in the upper southeast portion of the Northern Lights main zone. Included in this release are P17-1366 which returned 190.50 g/t Au over 1.20 meters within a zone grading 8.57 g/t Au over 30.57 meters and P17-1334 which returned 99.60 g/t over 1.00 meter within a zone grading 17.30 g/t Au over 6.50 meters. This loosely defined new discovery of a higher grade in the Ben subzone has a general gentle west plunge and remains open in both plunge directions.

A new subzone is being defined below the Ben Subzone with a similar gentle westerly plunge. Recent results from this zone include P17-1313 with 70.70 g/t Au over 1.00 meter within a wider interval grading 10.31 g/t Au over 11.90 meters. A previously reported hole in this target area P17-1269, returned 1135.00 g/t Au over 0.50 meter within a broader zone of 36.31 g/t Au over 16.15 meters. This subzone also remains open in both plunge directions.

This release is the fourth for the 2017 season reporting 35 holes P17-1331-1366 (Hole 1350 still pending). At present, seven Ascot owned drill rigs are operating on the property. To date 177 holes have been completed in 55,133 meters of drilling. Thirty-six drill holes are presently pending results and results will be released as they become available. Detailed results table, locations and figures can be viewed at the following Ascot link: www.ascotgold.com

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.

We seek Safe Harbor.

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