Ascot Resources Ltd. (TSX: AOT | OTCQX: AOTVF) has announced a 2023 exploration programme at the company’s Premier Gold project, located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia.
The programme consists of an initial 10,000m of surface drilling and will include exploration drilling for resource expansion as well as in-fill drilling of early mining areas at the project’s Big Missouri and Premier deposits.
The exploration drilling will focus on extending the Day Zone at Big Missouri and the Sebakwe zone north of the Premier mill. Up to an additional 4,000m of drilling have been budgeted and will be deployed towards surface and underground drilling depending on results of the initial 10,000m and the geophysical programme.
The 2023 exploration programme will commence in June with a ground geophysical induced polarization survey aimed at extensions of mineralization in various parts of the property.
Derek White, president and CEO, commented, “Having recently closed a flow-through private placement, we are now eager to use the proceeds to advance our 2023 exploration programme at PGP, both for surface drilling on high-priority targets such as the Day Zone and Sebakwe Zone, and also various IP geophysics projects for further target identification.”
Ascot intends for the drilling at the Premier deposit to follow up previous results from the last two years of exploration at the Sebakwe Zone, where high-grade intercepts outlined significant potential to the north of already established resource areas from the company’s previous 2022 drill programme.
Drilling at Big Missouri intends to expand the emerging Day Zone at the western and northwestern side of the deposit. Drilling in 2021 and 2022 established high-grade intercepts underlining the potential of this zone.
Additional drilling at Big Missouri will target early mining areas at this deposit. Underground development at Big Missouri is expected to recommence sometime this summer, and underground drill stations will become available as mining progresses.
Additionally, the company plans to conduct an induced polarization geophysical survey north of the Premier mill, and at the Day Zone and the Dilworth deposit at Big Missouri for a total of approximately 30km.
The company’s programme at the Premier deposit is targeting a western extension of the Sebakwe zone, which was successfully drilled in 2021 and 2022. This area is steep with difficult access and has been neglected in the past by exploration in favour of other areas with easier logistics.
The IP grid at the Day Zone is also targeting a northern extension of mineralization towards the Martha Ellen deposit. The presence of mineralization is indicated by high-grade soil samples. Another grid is planned at the northern extension of the Dilworth deposit north of Martha Ellen, where surface showings are reportedly abundant but previous drilling is limited.
To find out more, please visit www.ascotgold.com
