Ascot Resources Reports High-Grade Gold Results from Drilling of Premier Property; Stock Jumps 5.5%

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Ascot Resources Reports High-Grade Gold Results from Drilling of Premier Property; Stock Jumps 5.5%

posted on Nov 18, 2019 11:49AM

2019-11-18 10:49:02 AM ET (MT Newswires)

10:49 AM EST, 11/18/2019 (MT Newswires) -- Ascot Resources (AOT.TO), a gold and silver explorer, reported Monday high-grade gold results from the drilling of its Premier property in British Columbia.

Drilling was conducted on 19 drill holes in the Prew zone of Premier. Results include 37.95 gram per tonne gold (g/t Au) over 5.03 meters in hole P19-2153, 8.14 g/t Au over 13.03 meters in hole P19-2156, and 8.39 g/t Au over 8.75 meters in hole P19-2151.

"Impressive drill results such as these reinforce our confidence in the Premier deposit. From a technical viewpoint, these results demonstrate our ability to predict the position of mineralized zones in the deposit," said CEO Derek White.