Ascot Resources Ltd (AOTVF)

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Ascot Increases Indicated Resources at Premier Gold Project by 60%

VANCOUVER, British Columbia, Jan. 15, 2020 (GLOBE NEWSWIRE) -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce an updated Resource Estimate for the Premier Gold Project (“PGP”) including the Silver Coin, Big Missouri and Premier deposits (see Table 1 below). The Company, previously released an updated Red Mountain Project (“RMP”) Resource Estimate dated November 22, 2019.

Highlights:

Resources at Premier Gold Project contained precious metals are:

Indicated Category: 1,066,000 ounces of gold and 4,669,000 ounces of silver
Inferred Category: 1,180,000 ounces of gold and 4,673,000 ounces of silver

Ascot’s combined resources for the Premier1 and Red Mountain2 Projects have total contained precious metals as follows:

Measured & Indicated Category: 1,849,000 ounces of gold and 6,824,000 ounces of silver
Inferred Category: 1,250,000 ounces of gold and 4,769,000 ounces of silver