Ascot Resources (TSX:V.AOT
, Stock Forum
) is pounding out drilling results
, having announced a third batch of data Thursday, with this load covering 37 holes.
Results from 90 of 114 holes drilled at its Premier and Dilworth properties have now been received, with the rest due soon.
But the company isn’t wrapping up its 2013 exploration campaign yet – in fact, the three drill rigs on their property are now being moved to new targets, and will continue to operate
for as long as the current warm weather continues.
“The 2013 drilling campaign continues to expand and confirm the property potential for both bulk tonnage and higher grade underground gold/silver targets,” said the company in a news release.
“Wide zones of gold and silver mineralization continue to be encountered in all of the target areas demonstrating bulk tonnage potential in a generally flat sheet-like orientation containing higher grade quartz breccia bodies.”
“Drilling will continue for a limited time in the Big Missouri area with lower elevations and better road access allowing for cost effective drilling with winter conditions,” stated the company.
Ascot Resources is led by CEO John Toffan, who previously took Stikine Resources from a penny stock to a $75 giant with the discovery of the Eskay Creek Mine.
The company has a market cap of $82.4 million with 91.6 million shares outstanding.
FULL DISCLOSURE: Ascot Resources is a Stockhouse Publishing client, but has not paid for this article.