Mining News: More Premier results

Ascot Resources Ltd. July 28 reported additional high-grade gold results from its extensive drill program a Premier, a large property near Stewart British Columbia that blankets the historic Premier Mine, which produced 2.1 million ounces gold and 44.9 million oz starting in 1918. The company said drilling at Northern Lights, a zone just northwest of the historical mine areas at Premier, continues to deliver good results. P17-1366, drilled in a subzone of Northern Lights known as Ben, cut 1.2 meters of 190.5 grams per metric ton gold, within a 30.57-meter interval averaging 8.57 g/t gold. P17-1334, also drilled within the Ben subzone, cut 1 meter of 99.6 g/t within a 6.5-meter intercept grading 17.3 g/t gold. P17-1313 cut an 11.9-meter intercept in another subzone below Ben grading 10.31 g/t gold, including cut 1 meter of 70.7 g/t gold. P17-1269, a previously reported hole in this area, cut 0.5 meter of 1,135 g/t gold within a 16.15-meter intercept averaging 36.31 g/t gold. These results are from a 120,000-meter drill program planned for Premier this year. So far, Ascot has completed more than 55,133 meters of drilling in 2017 and has seven rigs turning on the property.

–SHANE LASLEY