Ascot Resources Ltd.(TSX: AOT)
Announced additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project.
This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill.
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| Ascot Resources | TSX : AOT |
| Stage | Development |
| Metals | Gold |
| Market cap | C$447 m @ $1.19 |
| Location | Golden Triangle, British Columbia |
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Ascot Resources Intercepts More High-Grade Gold at the Day Zone Including 58.6 g/t Gold over 1.9 metres and 16.5 g/t Gold over 5.7 metres
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Vancouver, B.C. January 13, 2022 — Ascot Resources Ltd.(TSX: AOT) (“Ascot” or the “Company”) is pleased to announce additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project (“PGP”).
This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill.
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Highlights from the drill results include:
- 58.60 g/t Au and 24.8 g/t Ag over 1.90m from a depth of 35m in hole P21-2384 at the Day Zone. This is in an area where Ascot is internally evaluating preliminary stope shapes for potential extraction early in the mine life at Big Missouri.
- 11.22 g/t Au and 19.1 g/t Ag over 9.35mfrom a depth of 158m in hole P21-2336 at the Day Zone, including 16.51 g/t Au and 29.8 g/t Ag over 5.66m. This intercept was drilled from a pad approximately 400m south from the initial discovery holes in 2020.
- 5.48 g/t Au and 9.8 g/t Ag over 4.80mfrom a depth of 188m in hole P21-2387 at the Boneyard near the Premier mill. This hole provides further evidence of mineralization continuing beyond the western limb of the Northern Light deposit.
This release summarizes the results from sixteen surface drill holes at the Day Zone southwest of the Big Missouri deposit, one drill hole at the Woodbine target west of the Premier Deposit, and one hole from the Boneyard near the Premier mill, for a total of 4,074 metres completed from five drill pads.
In addition, the final outstanding assay results from the 2021 exploration season, consisting of 5,982 metres of drilling in 28 drill holes focused on in-filling the Big Missouri deposit, are now being received and will be released in the coming weeks as they become available.
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Ascot Resources management comments
“During the development phase at the Premier Gold Project our exploration strategy has been quite simple: find and expand new high-grade areas of mineralization close to existing and planned infrastructure which will be accretive to our mine plan.
“In that regard, the Day Zone continues to impress in each successive round of drilling, with this batch being headlined by an intercept of two ounces per tonne gold over two metres.
“Since its discovery in 2020, with a modest 32 drill holes we have already outlined a number of high-grade areas at the Day Zone across a known strike length of 550 metres, with mineralization open to the north and south.
“We are confident in the Day Zone’s potential to contribute to future resource growth on our property and even now are internally evaluating preliminary stope shapes for potential extraction in the early stages of the mine life at Big Missouri.”
Derek White, President and CEO of Ascot Resources
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For brevity, this summary has been abridged, to read the full news release, please click HERE
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Disclosure
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