22 November 2020 Posted By : Ascot Resources Ltd.

Ascot Discovers More High-Grade Gold in the Day Zone

VANCOUVER, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce additional high-grade gold intercepts at the Day Zone of the Company’s Premier Gold Project (“PGP”). These results are highly significant as the Day Zone is in a strategic location approximately 300 metres west of reserves and resources at the Big Missouri deposit and 5 kilometres north of the Premier mill (see Figure 1).

Highlights from the Day Zone include:

  • 16.59g/t Au over 3.62m in hole P20-2217
  • 15.31g/t Au over 5.60m in hole P20-2245

The intercepts reported in this release succeeded in connecting the Day Zone with the known zones of the Big Missouri deposit to the east (see Figure 2). This area holds very high potential for additional near mine resources. The Company is awaiting assays from nine more drill holes that were completed from two additional drill pads.

Derek White, President and CEO of Ascot commented, “It is very exciting that we continue to hit mineralization in every drill hole in this area. The new drill holes have connected the west side of the ridge to the known resources at the Big Missouri deposit that are included in our feasibility mine plan. There is high potential to expand the mineralization to the north and south and add additional resources close to planned underground infrastructure which could ultimately extend the mine life at Premier. We are looking forward to additional results from the Day Zone, Silver Hill and the Woodbine prospect.”

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