Canadian Mining Journal

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GOLD-SILVER: Ascot drills bonanza gold and silver at Premier



BRITISH COLUMBIA – Junior Ascot Resources of Surrey, BC, is drilling bonanza grades – 88.4 g/t Au and 9,640.0 g/t Ag over 1.55 metres – at its Premier advanced exploration project near Stewart.

The assays came from hole P16-1016 in the upper main zone and were uncut. The bonanza grades were within a broader interval grading 4.85 g/t Au and 513.5 g/t Ag over 41.02 metres.

With the injection of cash from Sprott (see story below), Ascot has expanded its current definition drilling campaign to the entire Premier system, not merely the old mine workings as was the original plan. Two additional drill rigs have been purchased, and the company will soon have five working on the property.

Readers can go to www.AscotResources.ca/s/PhotoGallery.asp to enjoy the image gallery from Premier and Ascot’s other projects.