Ascot Resources Ltd. (TSX: AOT | OTCQX: AOTVF) has announced results from its 2023 induced polarization (IP) geophysics programme at the company’s Premier Gold Project, located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle, northwestern British Columbia.
These results are from 28 IP lines totaling 29 line-kilometers across three grids – one grid near the Premier mill targeting the western extension of the Sebakwe Zone, one targeting the northern extension of the Day Zone at the Big Missouri deposit, and one testing the strike and depth extent of the Dilworth deposit. The IP programme was conducted between late June and early August.
Derek White, president, and CEO of Ascot commented, “Even with the rich history of exploration and mining activity at the Premier property over the past century, we have been able to demonstrate excellent prospectivity in large areas across the property by applying modern exploration methods. As in the case of successfully drilling the Sebakwe Zone in late 2021, IP chargeability anomalies have been instrumental in making new discoveries, demonstrating potential extensions to mineralized structures, and generating high-priority diamond drill targets. This year’s IP programme was successful in all three focus areas.”
Highlights from the IP geophysics programme include:
- Strong IP anomaly shows potential that the Sebakwe Zone structure extends approximately 1,000m beyond the westernmost extent of surface drilling from 2022
- Day Zone IP signature continues approximately 800m to the north of previous surface drill results
- Dilworth IP shows strong chargeability anomaly to the west and below where most drilling was previously focused
Mr. White continued, “With the potential for a 1,000m western extension of the Sebakwe Zone, an 800m northern extension of the Day Zone, and a strong and largely untested chargeability anomaly at depth at the Dilworth deposit, there’s no lack of exciting exploration potential across the Premier Gold Project. We are currently planning drill programmes to test these high-potential targets and are planning to drill some of these targets as soon as practical.”
To find out more, please visit www.ascotgold.com
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