tsx, tsx-v, goldtsx, silver, junior resource

Fresh Releases Ascot Resources V.AOT | Endeavour Silver T.EDR | Alhambra Resources V.ALH


November 14, 2012

gold, ascot resources

Ascot Resources reports BC Assays up to 1.89 g/t Gold, 6.4 g/t Silver over 75.2m

Ascot Resources Ltd V.AOT announced assays from the Big Missouri, Martha Ellen and Sparky Zone at its Premier-Dilworth Project in the Cassiar Mining District of northwest BC.
Highlights include

1.89 g/t gold, 6.4 g/t silver over 75.24 metres
(including 22 g/t gold, 10.2 g/t silver over 2.9 metres)
1.1 g/t gold, 4.9 g/t silver over 22.56 metres
5.12 g/t gold, 10.3 g/t silver over 12 metres
(including 64.8 g/t gold, 37 g/t silver over 1.71 metres)
1.41 g/t gold, 4.5 g/t silver over 55.5 metres
(including 17.3 g/t gold, 6.6 g/t silver over 2 metres)
1.07 g/t gold, 22.9 g/t silver over 28.58 metres
1.51 g/t gold, 17.9 g/t silver over 40.42 metres
(including 4.19 g/t gold, 58.8 g/t silver over 10 metres)
1.37 g/t gold, 11.2 g/t silver over 31.52 metres
(including 119.6 g/t gold, 8.5 g/t silver over 1.92 metres)
1.31 g/t gold, 6.3 g/t silver over 26.83 metres
(including 114.95 g/t gold, 84.6 g/t silver over 1.5 metres)
1.82 g/t gold, 29.5 g/t silver over 25.87 metres
(including 126.5 g/t gold, 622 g/t silver over 1 metre)
2.04 g/t gold, 7.2 g/t silver over 24 metres
(including 24.2 g/t gold, 18 g/t silver over 1.5 metres)
1.54 g/t gold, 5.7 g/t silver over 49 metres
(including 13.55 g/t gold, 6.2 g/t silver over 1.85 metres)

The Premier Gold Mine produced 2 million gold ounces and 42.8 million silver ounces until 1996.

John Toffan

silver, endeavour silver

Endeavour reports Mexico Assays up to 2.28 g/t Gold, 796 g/t Silver over 7.6m

Endeavour Silver Corp T.EDR announced assay results for six drillholes on the Santa Cruz Vein on the Milache Property near its Guanacevi Mine in Durango State, Mexico. Highlights include

2.51 g/t gold, 716 g/t silver (841 g/t silver equivalent) over 1.52 metres
(including 5.71 g/t gold, 1,370 g/t silver (1,656 g/t AgEq) over 0.5 metres)
0.77 g/t gold, 273 g/t silver (311 g/t AgEq) over 4.77 metres
(including 4.1 g/t gold, 1,610 g/t silver (1,815 g/t AgEq) over 0.22 metres)
0.34 g/t gold, 143 g/t silver (160 g/t AgEq) over 3.67 metres
2.28 g/t gold, 796 g/t silver (910 g/t AgEq) over 7.59 metres
(including 25.1 g/t gold, 1,099 g/t silver (12.245 g/t AgEq) over 0.22 metres)
0.94 g/t gold, 321 g/t silver (368 g/t AgEq) over 4.29 metres
(including 4.12 g/t gold, 1,425 g/t silver (1,631 g/t AgEq) over 4.12 metres)

CEO Bradford Cooke commented, “Exploration drilling…continues to extend the high grade silver-gold mineralization to the north and to depth. This high-grade mineralized zone at Milache was discovered in late 2011, and the drill results since then are showing it to be one of our best new discoveries at Guanacevi in recent years. Every recent hole has intersected ‘kilo-plus’ silver grades and significant gold grades. Drillhole MCH-15 contains the highest-grade vein intercept ever drilled by Endeavour in the district of Guanacevi.”

The Guanacevi Mine produced 3 million ounces AgEq in 2011. As of December 31, 2011, it contained proven and probable reserves of 1.57 million tonnes grading 266.93 g/t silver and 0.52 g/t gold for 14.9 million ounces AgEq.

Lana McCray
Manager, Corporate Communications
604.685.9775 or tollfree 877.685.9775

gold, alambra resources

Alhambra reports Kazakhstan Gold Assays up to 1.12 g/t over 135.6m

Alhambra Resources Ltd V.ALH announced assay results for eight drillholes at its Shirotnaia Gold Project within its Uzboy Gold Project in north-central Kazakhstan. Highlights include

1.73 g/t gold over 17.5 metres
(including 6.69 g/t gold over 3 metres)
0.46 g/t gold over 38.1 metres
0.69 g/t gold over 13.5 metres
(including 2.59 g/t gold over 2.4 metres)
0.68 g/t gold over 72.4 metres
(including 2.18 g/t gold over 11 metres)
1.12 g/t gold over 135.6 metres
(including 3.04 g/t gold over 8.8 metres)
1.56 g/t gold over 18.2 metres

Chairman/CEO John Komarnicki commented, “These latest Shirotnaia results are very encouraging. The presence of 100-gram-metre intervals of gold from surface is a strong indication of upside potential for Shirotnaia. We are now delivering considerable thickness of potentially economic grades in several areas, and the strike length for this higher-grade zone is now over a kilometre. We expect to see the Shirotnaia resource grow, and the grade to improve as our technical team continues with exploration drilling. The Shirotnaia deposit is likely to be a significant gold system on a standalone basis, and it is just one of a number of targets Alhambra will advance over the next year.”

Alhambra’s wholly owned subsidiary, Saga Creek Gold Company LLP, holds the rights to the Uzboy Project, which comprises 2.4 million acres. According to a February 28, 2012, 43-101 resources estimate, Shirotnaia contains (at a 0.5 g/t gold cutoff) 1.43 million tonnes grading 1.18 g/t gold for 54,000 gold ounces indicated and 12.7 million tonnes grading 1.03 g/t for 421,000 ounces inferred.

John Komarnicki

Ihor Wasylkiw
VP & Chief Information Officer

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