Phase 1 Drilling Complete – Further significant intercepts – 4 June 2013

Ascot ResourcesUncategorised

KEY HIGHLIGHTS

  • Results received from the final 5 diamond drill holes for Phase 1 drilling at the Titiribi project (for 970m) encountered additional significant coal intersections:
  • Significant coal seams intersected within 125m of drill hole depth:
    • TP-L15-DH07: 3.4m between 62.7m – 66.0m; 3.3m between 95.4m – 98.7m and 4.0m between 120.8m – 124.8m
    • TP-L17-DH06: 4.2m between 76.7m – 80.9m and 4.5m between 107.7m – 112.2m
    • TP-L18-DH08: 7.4m between 11.6m – 19.0m; 6.3m between 24.5m – 30.8m; 3.7m between 65.9m – 69.6m and 6.2m between 117.4m – 123.6m
  • Preliminary coal quality results from these drill holes continue to demonstrate a potential for coking coal
  • Early analysis indicates coal extraction will be via open pit mining
  • Discussions with various potential customers a

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Phase 1 Drilling Complete  – Further significant intercepts – 4 June 2013