Ascraeus Lacus-classical albedo feature name; "Ascraeus Lake", a poetic paraphase of "heliconian" or "rural"[*citation needed*]
Ascraeus Mons is a large shield volcano located in the Tharsis region of the planet Mars. It is the northernmost and tallest of three shield volcanoes collectively known as the Tharsis Montes. The volcano's location corresponds to the classical albedo feature Ascraeus Lacus. Ascraeus Mons was discovered by the Mariner 9 spacecraft in 1971. (wikipedia entry)
A mons is a mountain. On Mars they are named after the nearest named albedo feature on the Schiaparelli or Antoniadi maps.