Ascot Resources Ltd.

Ascot Resources Ltd.

August 27, 2007 13:01 ET

Ascot Resources Reports Dilworth Property Surface Sampling Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2007) - Ascot Resources Ltd. (the "Company") (TSX VENTURE:AOT) is pleased to announce preliminary results of exploratory work at its Dilworth Property near the town of Stewart in northern British Columbia.

Significant results of surface sampling received to date are outlined in the following table. The zones are listed geographically from north to south.

Width Au Ag
Zone (m) (g/t) (g/t)
Chicago North 17 2.1 109
Central Chicago 6 9.4 246
Includes 2 24.2 524
West Chicago 3 12.8 265
Includes 1 20.2 300
Southwest Chicago 8 3.2 83
Hammer 4 5.8 386
Includes 1 10.4 728
49er North 3.9 4.2 99
49er 5 9.8 1,068
Includes 2 21.7 2,474
Below Helen 5 14.1 111
Includes 1 51.4 283

The Company is currently in the process of diamond drilling all of these zones. Assays for drill results are pending and will be released as they become available.

The Dilworth property is underlain by volcanic and sedimentary rocks of the Lower Jurassic Unuk Rover Formation (Hazelton Group). Gold and silver mineralization consists of a series of northwest striking, steeply dipping quartz veins and alteration zones. The current exploration area is focused in the southwest portion of the property extending over a north-south distance of nearly 2km.

Warner Gruenwald, P. Geo., designated as the Qualified Person (QP) as defined by National Instrument 43-101, has reviewed the data and scientific and technical information contained in this news release. Samples from this release were analyzed by Assayers Canada in Vancouver, BC.


John A. Toffan, President & Director

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release regarding anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

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 & Director
    (604) 684-8950
    (604) 684-9877 (FAX)