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Ascot Resources Expands Day Zone Mineralization 400 Metres to the South With Step-Out Drill Hole
VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce a
About this update from Cambria Gold Mines Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce additional assay results from exploration drill holes from the 2021 drill program at the Company’s Premier Gold Project (“PGP”). This release summarizes assays from the first drill hole at the Day Zone near the Big Missouri deposit and the balance of drill results from near the Premier deposit. Importantly, the new drill hole at the Day Zone has expanded mineralization approximately 400 metres to the south. Highlights from the drill results include: 4.13 g/t Au and 3.5 g/t Ag over 2.46m from 291m depth in hole P21-2331, including 7.73 g/t Au and 4.1 g/t Ag over 0.96m at the Day Zone 17.05 g/t Au and 43 g/t Ag over 0.70m from 51m depth in hole P21-2323 in the area west of the Premier deposit This release summarizes the results from ten surface drill holes west of the Premier deposit and one drill hole south of the Day Zone, for a total of 2,795m completed from four drill pads. As the winter season and snow accumulation has begun at site, drilling activities have wrapped up for the 2021 season. A total of 18,074 metres were drilled from surface. The 2021 drill program originally planned for 25,000 metres however permit delays restricted the start of underground drilling. Assay results for a total of 57 holes and 10,875 metres of drilling are still pending from the Woodbine target, the Day Zone, the Big Missouri deposit, and the Sebakwe target. Derek White, President and CEO of Ascot commented, “Since its initial discovery last year and through very modest amounts of additional drilling, the Day Zone has quickly evolved into one of our most prospective targets for potential resource growth near planned development. This is especially important for our strategy to increase mine life given the Day Zone’s proximity to the Big Missouri and Silver Coin deposits, which will be exploited in the early years of our mine plan. The 400-metre step-out hole to the south of the Day Zone highlights the size potential of this area, and we eagerly await assay results from an additional 7 holes drilled from the same pad. Assay results have taken much longer to process this year. We are looking forward to assays from both Big Missouri and Sebakwe, where visible gold was observed in drill core....