Thursday 27th October 2016

Resource Clips

Ascot reports BC Assays including 2.53 g/t Gold, 14.7 g/t Silver over 89m

Resource Clips - essential news on junior gold mining and junior silver miningAscot Resources Ltd TSXV:AOT announced drill results from the Martha Ellen Zone of its Premier Gold Project in the Cassiar Mining District of northwestern BC. Assays include

2.53 grams per tonne gold and 14.7 g/t silver over 89 metres
(including 22.68 g/t gold and 96.4 g/t silver over 8 metres)
0.86 g/t gold and 20.5 g/t silver over 127.39 metres
(including 1.8 g/t gold and 37.6 g/t silver over 38.39 metres)
0.75 g/t gold and 23.7 g/t silver over 137.87 metres
(including 1.26 g/t gold and 48.6 g/t silver over 59.57 metres)
0.98 g/t gold and 3.2 g/t silver over 82.95 metres
(including 3.37 g/t gold and 5.1 g/t silver over 13.72 metres)
0.55 g/t gold and 7.1 g/t silver over 81 metres
(including 1.94 g/t gold and 21.2 g/t silver over 12.6 metres)

Depths extend to 146 metres. Values are uncut. Estimated true widths are generally 10% to 20% less than reported widths. The company states that near-surface mineralization is being encountered consistently in gently west- and east-dipping zones associated with Premier porphyry dykes and a stockwork along the eastern portion of the zone. This area is believed to be the northwest fault offset extension of the Big Missouri Zone. The area has 144 historic drill holes. Current drilling is being done at a density that will allow for an initial resource estimate of this near-surface target.

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Bob Evans

by Greg Klein

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