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Resource World - December-January 2018 - Vol 16 Issue 1

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D E C E M B E R / J A N U A R Y 2 0 1 8 www.resourceworld.com 15 ter-borne electromagnetic and magnetic geophysical surveys. Ascot Resources Ltd. [AOT-TSXV] released more assays from the Northern Lights area of the Premier property. In the new Prew subzone, hole P17-1558 returned 25.10 metres averaging 6.47 g/t gold, including two intervals of 1.00 metre, grading 57.30 g/t and 43.50 g/t. The Prew subzone is open along strike. In the Ben subzone, hole P17-1536 returned 14.89 g/t gold over 6.0 metres, including 44.00 g/t gold over 2.00 metres. Hole P17- 1552 returned 109.00 g/t gold over 1.00 m. In the Northern Lights West Zone, hole P17-1563 returned 9.76 g/t gold over 9.15 metres. Auryn Resources Inc. [AUG-TSX] reports that results are pending from 37 holes (14,811 m) drilled at its 100%-owned Homestake Ridge Project 32 km south- east of Stewart. Targets tested included South Reef and the Homestake Main Zone extension. Brixton Metals Corp. [BBB-TSXV; BXTMF-OTC] has been drilling the 100%- owned Thorn gold-silver project 120 km northwest of Telegraph Creek, an explo- ration stage gold-silver and base metals project with underground and open pit targets. Results from the first ever holes into the Chivas Zone in the northern exten- sion of the Golden Triangle, include the following intersections. Gold-silver miner- alization was discovered over a large area and remains open. Hole 142 intersected 6.45 metres of 4.86 g/t gold equivalent (AuEq) within 18 metres 1.83 g/t AuEq. Hole 144 intersected 17.26 metres of 2.62 g/t AuEq within 52.00 metres of 0.87 g/t AuEq. Surface mapping identified a new open ended 1.2-km copper corridor which is yet to be drill tested and several gold tar- geted holes have increasing copper grades at depth. All of the 2,455 metres (10 holes) at the Chivas Zone were drilled within an area of 800 x 800 metres. The holes were designed to test the 7 km 2 gold-in-soil and IP geo- physical anomaly at the newly discovery Chivas Zone. The 2014 inferred resource estimate of 21.5 Moz AgEq is open for expansion. Colorado Resources Ltd. [CXO-TSXV; CLASF-OTC] has completed its 2017 KSP drill program. Drilling at KSP was expanded from the previously planned 7,500-metre program to 11,824 metres for a total of 68 new drill holes. Highlights include the V.G. Zone where results included 5.0 metres of 11.43 g/t, gold including 2.0 metres of 17.65 g/t gold. Upper AK results include 0.96 g/t gold and 21.38% zinc over 10 metres. Khyber results included 9.39 g/t gold over 2.0 metres. The company has other prospects, including North ROK, Kinaskan, KingPin, Hit and Harts Peak. Copper Fox Metals Inc. [CUU-TSXV; CPFXF-OTC], 25%, and Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE], 75%, hold the advanced-stage Schaft Creek cop- per-gold-moly-silver project 60 km south of Telegraph Creek. Activities included remodelling of the Schaft Creek Project

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