| Announcement Date: | 2022-08-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Ascot Resources Ltd. |
| Project name: | Premier |
| Location: | Canada |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 2.73m @ 11.83g/t Au, 56.3g/t Ag from 335.47m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. August 22, 2022 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the second batch of assay results from the 2022 exploration drill program at the Company’s Premier Gold Project (“PGP” or the “project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. These results are from surface exploration drilling at the emerging Sebakwe Zone, approximately 600 metres east of the past-producing Premier mill. The Company had initially planned on drilling 10 new holes totaling approximately 4,000 metres at Sebakwe as a part of the 2022 exploration drilling program, but based on encouraging visual indications of mineralization and structure, this was increased to 15 holes totaling 6,110 metres. Following the first batch of six drill holes released previously (see News Release dates July 14, 2022) which included bonanza-grade gold of 193 g/t, this release summarizes results from the remaining nine surface drill holes totaling 3,633 metres. Figure 1 – East-looking image of the current drill pattern at Sebakwe indicating the drill holes reported in this release. Two preliminary zones of gold mineralization have been modeled with a north westerly dip under Lesley Creek to the east of the Premier mill. |
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