AscotResources Ltd. said July 21 that drilling intersected 41.02 meters at 4.85 g/t of goldand 513.5 g/t of silver, including 1.55 meters at 88.40 g/t of gold and 9,640.0g/t of silver, at the Premier gold project in British Columbia.

The bonanza grades were found in hole P16-1016 in the uppermain zone.

With C$20million financing, Ascot has now shifted its focus to exploring theentire Premier system.

The company has purchased two new drill rigs and willshortly have five drill rigs working on the property. This aggressive level ofexploration will be maintained for the balance of the year's drill season and intothe 2017 drill season, Ascot said.