Ascot Resources Ltd.: BLM releases environmental assessment for Mt Margaret
VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 4, 2012) – Ascot Resources Ltd. (TSX VENTURE:AOT) is pleased to announce that the Bureau of Land Management (BLM) has released an Environmental Assessment (EA) related to Ascot's two hardrock prospecting permit applications for geological exploration on the Mt Margaret property in the St Helens Mining District of Skamania of Washington State. The EA includes a draft Finding of No Significant Impact (FONSI). The public comment period for the EA will run until July 31, 2012. Based on the EA the U.S. Forest Service must determine whether or not to consent to a BLM decision to issue the prospecting permits. The completion of the EA is a significant step in Ascot's planned exploration activities at Mt Margaret.
Ascot completed 11 drill holes on the Mt Margaret property in 2010, with positive results demonstrating strengthening mineralization at depths below and widths beyond historic drill results on the property. The current proposed program, for which the EA was prepared, calls for 63 drill holes from 23 drill pads, the results from which would go a long way towards determining if there is a significant mineral deposit at Mt Margaret with the potential to provide jobs and lasting economic benefits to the region.
ON BEHALF OF THE BOARD OF DIRECTORS OF ASCOT RESOURCES LTD.
John A. Toffan, President and Director
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Ascot Resources Ltd.
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