Ascot Resources Intersects 321.00 g/t Au Over 2.50 Meters in the New Highgrade Subzone at Northern Lights
August 30 2017 - 9:00AM
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 sixth set of results for 2017, the Northern Lights main
zone continues to deliver good results. In the New Subzone hole
P17-1400 returned 321.00 g/t Au over 2.50 meters within a wider
zone grading 87.66 g/t Au over 9.50 meters and P17-1399 returned
several high grade intervals within a zone grading 10.26 g/t Au
over 11.00 meters. These holes are approximately 60 meters dip
length apart and together with earlier holes they demonstrate the
good continuity of the high grade. This New Subzone remains open up
dip and has been traced for 400+ meters of plunge length with a
general width of 100-150 meters. This area will be infill drilled,
later in the season, for resource definition purposes.
- The Ben Subzone results include P17-1410 with 50.80 g/t Au over
2.00 meter within a wider interval grading 7.95 g/t Au over 14.30
meters and hole P17-1408 with 49.40 g/t Au over 1.00 meter within a
wider interval grading 8.18 g/t Au over 8.60 meters. This discovery
of a higher grade in the Ben subzone has a gentle west plunge and
has been traced for a plunge length of 500 meters and remains open
in both plunge directions. This zone has a general width of 200
meters and once all initial results are in, the area will be infill
drilled for resource definition purposes.
- 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 % |
|
|
|
|
|
|
|
|
|
|
P17-1399 |
New Subzone NL |
|
239.30 |
283.00 |
43.70 |
3.67 |
3.57* |
6.4 |
0.21 |
|
|
incl. |
245.50 |
270.00 |
24.50 |
6.06 |
5.88* |
5.1 |
0.21 |
|
|
incl. |
259.00 |
270.00 |
11.00 |
10.26 |
9.85* |
8.9 |
0.35 |
|
|
incl. |
259.00 |
261.00 |
2.00 |
12.25 |
12.25 |
9.0 |
0.17 |
|
|
incl. |
264.00 |
265.00 |
1.00 |
38.70 |
34.29* |
25.8 |
0.43 |
|
|
incl. |
266.00 |
267.00 |
1.00 |
20.70 |
20.70 |
15.9 |
0.81 |
|
|
incl. |
269.00 |
270.00 |
1.00 |
21.30 |
21.30 |
13.7 |
0.77 |
|
|
|
|
|
|
|
|
|
|
P17-1400 |
New Subzone NL |
|
240.24 |
300.00 |
59.76 |
14.79 |
2.80* |
4.4 |
0.21 |
|
|
incl. |
255.00 |
293.00 |
40.50 |
21.51 |
3.81* |
11.8 |
0.25 |
|
|
incl. |
286.00 |
295.50 |
9.50 |
87.66 |
12.21* |
38.6 |
0.20 |
|
|
incl. |
293.00 |
295.50 |
2.50 |
321.00 |
34.29* |
128.0 |
0.15 |
|
|
|
|
|
|
|
|
|
|
P17-1402 |
Ben Subzone |
|
193.77 |
290.50 |
96.73 |
0.55 |
0.55 |
4.3 |
0.17 |
|
|
incl. |
206.00 |
211.00 |
5.00 |
1.65 |
1.65 |
8.3 |
0.08 |
|
|
incl. |
254.00 |
282.00 |
28.00 |
0.84 |
0.84 |
2.8 |
0.11 |
|
|
incl. |
272.00 |
282.00 |
10.00 |
1.61 |
1.61 |
2.0 |
0.02 |
|
|
incl. |
272.00 |
274.00 |
2.00 |
2.87 |
2.87 |
2.1 |
0.01 |
|
|
|
|
|
|
|
|
|
|
P17-1406 |
Ben Subzone |
|
119.00 |
138.33 |
19.33 |
0.47 |
0.47 |
5.5 |
0.23 |
|
|
incl. |
119.00 |
123.50 |
4.50 |
1.56 |
1.56 |
8.2 |
0.52 |
|
|
also |
214.00 |
280.00 |
66.00 |
0.85 |
0.85 |
7.7 |
0.47 |
|
|
incl. |
232.35 |
247.00 |
14.65 |
2.59 |
2.59 |
24.8 |
1.66 |
|
|
incl. |
232.35 |
233.50 |
1.15 |
15.45 |
15.45 |
87.0 |
4.95 |
|
|
incl. |
235.50 |
237.12 |
1.62 |
6.46 |
6.46 |
27.0 |
2.78 |
|
|
|
|
|
|
|
|
|
|
P17-1407 |
Ben Subzone |
|
198.00 |
302.36 |
104.36 |
0.80 |
0.80 |
6.7 |
0.49 |
|
|
incl. |
233.00 |
291.26 |
58.26 |
1.21 |
1.21 |
10.5 |
0.80 |
|
|
incl. |
257.00 |
281.00 |
24.00 |
1.80 |
1.80 |
20.9 |
1.83 |
|
|
incl. |
264.00 |
281.00 |
17.00 |
2.18 |
2.18 |
16.2 |
1.57 |
|
|
incl. |
265.00 |
274.00 |
9.00 |
2.82 |
2.82 |
25.5 |
1.73 |
|
|
incl. |
272.00 |
274.00 |
2.00 |
7.60 |
7.60 |
3.9 |
0.15 |
|
|
|
|
|
|
|
|
|
|
P17-1408 |
Ben Subzone |
|
202.40 |
291.69 |
89.29 |
1.42 |
1.36* |
6.3 |
0.40 |
|
|
incl. |
252.80 |
279.60 |
26.80 |
3.30 |
2.74* |
9.3 |
0.45 |
|
|
incl. |
271.00 |
279.60 |
8.60 |
8.18 |
6.42* |
22.3 |
1.04 |
|
|
incl. |
271.00 |
273.25 |
2.25 |
28.57 |
21.85* |
22.4 |
0.25 |
|
|
incl. |
273.25 |
274.25 |
1.00 |
49.40 |
34.29* |
42.5 |
0.32 |
|
|
|
|
|
|
|
|
|
|
P17-1409 |
Ben Subzone |
|
220.00 |
330.70 |
110.70 |
0.48 |
0.48 |
2.7 |
0.13 |
|
|
incl. |
270.00 |
308.00 |
38.00 |
0.85 |
0.85 |
4.1 |
0.28 |
|
|
incl. |
285.00 |
308.00 |
23.00 |
1.00 |
1.00 |
4.1 |
0.34 |
|
|
|
|
|
|
|
|
|
|
P17-1410 |
Ben Subzone |
|
228.00 |
244.50 |
16.50 |
0.42 |
0.42 |
5.7 |
0.19 |
|
|
incl. |
238.00 |
242.40 |
4.40 |
1.10 |
1.10 |
6.9 |
0.27 |
|
|
also |
276.00 |
311.55 |
35.55 |
3.40 |
2.47* |
4.90 |
0.25 |
|
|
incl. |
294.00 |
308.30 |
14.30 |
7.95 |
5.64* |
5.90 |
0.22 |
|
|
incl. |
302.0 |
304.0 |
2.00 |
50.80 |
34.29* |
19.9 |
0.32 |
|
|
|
|
|
|
|
|
|
|
True widths are 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 sixth for the 2017 season reporting 12 holes
P17-1399-1410. At present, seven Ascot owned drill rigs are
operating on the property. To date 237 holes have been completed in
75,447 meters of drilling. Fifty 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 ControlAnalytical
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. On Behalf of the Board of Directors
ASCOT RESOURCES LTD. (TSX-V:AOT)
Per: John A. Toffan
John A. Toffan, President and Director
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy of this release.
Cautionary Statement Regarding Forward-Looking
InformationAll 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; statements
regarding the exploration and mineralization potential of the
Premier property, 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 Ascot’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. Ascot 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.
Suite 1550 - 505 Burrard St.
Vancouver, B.C.
V7X 1M5
Canada
778-725-1060 T 778-725-1070 F
www.ascotgold.com
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