huge numbers! 3.43 oz gold per ton!!ASCOT MINING PLC
Independent assays confirm high grade gold
Ascot Mining Plc ("the Company"), (Plus Markets: ASMP - Frankfurt: AM3.FE) with
operations in Costa Rica, announces that its wholly owned subsidiary Veritas
Gold, CR SA., has received official assay results of up to 106.75grams of gold
or 3.43 oz per ton at the Chassoul Gold Mine.
These independent results are superior to those originally reported from the
internal assay, announced on 10th November 2008. The results come from the
intersection between the main tunnel and the targeted Cajeta vein.
International Plasma Laboratories, a certified assay laboratory in Richmond,
British Columbia, Canada obtained these results by fire assays. Assay results
included: 106.75grams of gold (3.43 oz per ton), 68.58 grams (2.21oz per ton)
and 56.55 grams (1.82oz per ton).
The previously reported results from this vein had found that the highest grade
of gold in a bulk sample was 41.226 grams of gold or 1.326 oz per ton, based on
internal assaying, significantly lower than the independent figures.
David Jackson CEO, Ascot Mining, commented:
"We are pleased that our early development work at the Chassoul Gold Mine has
uncovered grades that are in the upper levels of the range of our expectations.
We remain on course to commence commercial production in Q1 2009."