Mr. Derek White reports
ASCOT RESOURCES ANNOUNCES 2018 DRILL PROGRAM AT PREMIER-DILWORTH
Ascot Resources Ltd.'s 2018 drill program commenced on April 17. The 2018 drill program will comprise approximately 45,000 metres in 200 drill holes, targeting infill and expansion in various areas on the Premier-Dilworth property. The company has been working with RPA Inc. on completing the updated resources estimate for early May, which will contain the maiden higher-grade resources in the Premier-Northern lights area.
Proposed drilling
Two drill rigs will initially focus on the 602 zone located below the existing level 6 portal near the Premier mine. The 602 program comprises 15 drill holes designed to infill the existing drill pattern for engineering studies planned in 2018.
The majority of Ascot's 2018 drill program will be conducted in the Big Missouri area, which is on the northern part of the property. Snow clearing is currently taking place on the road toward Big Missouri and Martha Ellen. The drill program will ramp up to involve a total of seven rigs operating simultaneously. The overarching objective of the program is to add additional high-grade resources that can be incorporated into the planned engineering studies. Approximately 80 drill holes will be targeted on high-grade areas near the S1 pit at Big Missouri.
In addition to these high-grade areas, Ascot has identified four other zones with potential for near-surface open-pit resources. These are the Province, North Star, S1-Northeast and Martha Ellen areas. Other high-grade targets for evaluation include the Indian, Sebakwe and Lesley Flat zones.
To date there have been approximately 628,000 metres of drilling, encompassing 6,110 drill holes, which have primarily targeted the Premier mine, the Big Missouri mine, Martha Ellen and Dilworth areas of the property with one in every 10 holes hitting over one ounce of gold per tonne. Only 30 per cent of the property has been explored to date with the majority of drilling concentrated around Premier and Big Missouri.
Ascot Resources has qualified to trade on the OTCQX, and, as of April 19, the company will be listed under the following symbol, AOTVF, providing Ascot with increased visibility with U.S. investors, improved liquidity and a more diversified shareholder base.
Ascot is also pleased to announce the launch of its new corporate website. The new website features up-to-date information on the company's mining assets as well as quick and easy access to other relevant corporate information.For more information about the company, please refer to the company's profile on SEDAR.
About Ascot Resources Ltd.
Ascot Resources is a gold and silver focused exploration company with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. The company's flagship Premier project is a near-term high-grade advanced exploration project with large upside potential. Ascot is poised to be the next Golden Triangle producer with an experienced and successful exploration, development and operating team, coupled with a highly regarded major shareholder.
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