Ascot Resources Ltd.

Ascot Resources Ltd.

June 30, 2009 13:13 ET

Ascot Resources Ltd.: Drilling Commences at Premier

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2009) - Ascot Resources Ltd. (TSX VENTURE:AOT) is pleased to announce it has purchased a diamond drill, mobilized it to its Premier property and that drilling on the property has now commenced. The property was acquired pursuant to the signing of an Option Agreement to purchase all of the assets of the Premier Gold Mine, in the Premier Gold Camp, north of Stewart, British Columbia in the Cassiar Mining District (see News Release June 15, 2009).


John A. Toffan, President and Director

Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of Ascot's projects, Ascot's future plans or future revenues, timing of development or potential expansion or improvements, are forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, Ascot's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for Ascot's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Canada or the United States, technological and operational difficulties or inability to obtain permits encountered in connection with our exploration and development activities, labour relations matters, and changing foreign exchange rates.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ascot Resources Ltd.
    John A. Toffan
    President and Director
    (604) 684-8950
    (604) 684-9877 (FAX)