Ascot Resources Ltd. (TSX: AOT | OTCQX: AOTVF) has announced the third batch of assay results from the 2023 exploration drill programme at the Premier Gold Project, located in the prolific Golden Triangle of northwestern British Columbia.
The company has reported assay results from this season’s surface drilling programme for exploration purposes at the Big Missouri deposit, approximately 6km north of the Premier mill. Underground mine development commenced at Big Missouri in 2022, and the Ascot team is currently mining and stockpiling mineralized material as development advances.
Derek White, president, and CEO of Ascot commented, “With underground mine development at Big Missouri having started last year, this is an opportune time to have intercepted some of the highest-grade gold mineralization in Ascot’s history. In particular, the 692g/t intercept from hole P23-2490 is located in an area currently scheduled to be mined next year, and as such we are eager to exploit this material early in the mine life. Our surface drill programme was recently completed, and we look forward to releasing assay results over the next several months.”
Highlights from the drill results include:
- 98.84g/t Au over 6.48m from a depth of 51.5m in hole P23-2490, including 691.50g/t Au over 0.90m. This is the second highest-grade drill intercept at Big Missouri and is the company’s highest-grade drill intercept property-wide since 2015
- 22.30g/t Au over 9.72m from a depth of 58.3m in hole P23-2484, including 98.10g/t Au over 1.91m
- 17.72g/t Au over 5.65m from a depth of 21.4m in hole P23-2494, including 31.90g/t Au over 1.60m
Drilling for the 2023 exploration season at the Big Missouri deposit was conducted from early August until last week, during which time 72 holes were drilled from surface for a total of 6,539m. The drill holes targeted stope shapes for additional pierce points, gaps between stopes due to previous drill patterns, and extensions along strike and up dip.
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