Ascot Resources Ltd. (TSX: AOT) has intercepted 32 g/t over 10.7m and sighted multiple occurrences of visible gold at the Big Missouri Deposit in the prolific Golden Triangle of north-western British Columbia.
The company has now received the second batch of assay results at the Big Missouri deposit from the 2022 exploration drill programme at the company’s Premier Gold Project (PGP), located on Nisga’a Nation Treaty Lands in British Columbia. These results are from surface drilling for in-fill and exploration purposes at the Big Missouri deposit, approximately six kilometres north of the past-producing Premier mill.
Highlights from the drill results include:
- 31.92 g/t Au and 22.21 g/t Ag over 10.69m from a depth of 90.00m in hole P22-2428, including 330.00 g/t Au and 192.00 g/t Ag over 1.00m
- 15.91 g/t Au and 31.50 g/t Ag over 8.00m from a depth of 90.50m in hole P22-2420, including 35.50 g/t Au and 65.20 g/t Ag over 2.00m
- 19.65 g/t Au and 23.10 g/t Ag over 1.67m from a depth of 58.83m in hole P22-2430
- 6.04 g/t Au and 6.53 g/t Ag over 4.03m from a depth of 48.50m in hole P22-2430, including 21.70 g/t Au and 8.40 g/t Ag over 1.00m
- 11.70 g/t Au and 9.70 g/t Ag over 2.00m from a depth of 67.00m in hole P22-2429
Drilling has been completed for the 2022 exploration season at the Big Missouri deposit for a total of 50 holes and 4,752 metres.
“As drilling has recently wrapped up for this year’s exploration season, we continue to receive high-grade assay results from the Big Missouri deposit,” President and CEO, Derek White, said.
“The headline intercept of 32 grams per tonne over 11 metres included a bonanza-grade intercept of 330 grams per tonne over one metre which contained coarse, visible gold.
“While we are pleased with these high grades, we are even more encouraged that the majority of the intercepts were encountered within or close to existing block model wireframes and in potential extensions of those wireframes, further validating the resource model at the Premier Gold Project.
“Combined with our recently announced positive grade reconciliation results from the underground development sampling program, this bolsters our confidence in the quality of the resource model.”
The results are headlined by hole P22-2428 which intercepted 330.00 g/t Au and 192.00 g/t Ag over 1.00m, within a broader interval of 31.92 g/t Au and 22.21 g/t Ag over 10.69m, starting from a depth of 90.00m.
This high-grade intercept occurs inside a pre-existing wireframe and along a potential extension of a planned stope shape following the dip of the mineralisation in that area. The reported width of the mineralised interval of 10.69m is supported by anomalously high sulphur and base metals as well as a background gold grade in excess of 1.0 g/t outside of the 330 g/t sub-interval.
An additional 5 holes were drilled from the pad BM–2/22, with assay results pending. Another 13 holes were drilled from a third surface pad to the north, and four holes were drilled from a fourth pad to the south. Drilling was recently completed from surface at the Day Zone on the western side of the Big Missouri ridge, where a total of 12 holes were drilled.
For further information please visit: https://ascotgold.com/
