Ascot Resources Ltd TSXV:AOT announced results from its Premier Gold Mine in northwestern BC. Highlights include 2.3 g/t gold and 2.7 g/t silver over 112.7 metres, 3.74 g/t gold and 4.4 g/t silver over 62.6 metres, 1.38 g/t gold and 2.1 g/t silver over 156.5 metres, 1.94 g/t gold and 2.9 g/t silver over 92.5 metres, 1.44 g/t gold and 60 g/t silver over 62.4 metres and 0.84 g/t gold and 3 g/t silver over 112 metres.
The Premier Mine produced 2 million gold ounces and 42.8 million silver ounces before closing in 1996. Ascot has an option with Boliden Ltd to acquire the mine by paying $20,300,000 by October 1, 2012 and granting Boliden a 1% NSR.
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by Greg Klein