Ascot Resources Ltd. (TSX: AOT) has received the third batch of assay results at the Big Missouri deposit from the 2022 exploration drill programme at the company’s Premier Gold Project (PGP) located in the prolific Golden Triangle of northwestern 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:
- 62.76 g/t Au and 27.36 g/t Ag over 7.90m from a depth of 90.00m in hole P22-2445, including 488.00 g/t Au and 181.00 g/t Ag over 1.00m
- 30.98 g/t Au and 9.35 g/t Ag over 3.00m from a depth of 112.00m in hole P22-2445, including 90.70 g/t Au and 19.75 g/t Ag over 1.00m
- 6.75 g/t Au and 12.44 g/t Ag over 14.5m from a depth of 26.00m in hole P22-2444, including 26.00 g/t Au and 28.30 g/t Ag over 1.43m and 28.80 g/t Au and 30.20 g/t Ag over 1.00m
- 8.03 g/t Au and 19.13 g/t Ag over 9.52m from a depth of 23.38m in hole P22-2441, including 44.50 g/t Au and 109.00 g/t Ag over 1.00m
- 6.26 g/t Au and 8.13 g/t Ag over 10.80m from a depth of 29.40m in hole P22-2442, including 43.60 g/t Au and 30.10 g/t Ag over 1.00m
Drilling for the 2022 exploration season at the Big Missouri deposit was completed in October, totalling 50 holes and 4,752 metres.
Drill holes were targeting several layers of gold mineralization at the A Zone and the Unicorn Area of the Big Missouri deposit in and around planned stopes to the north and northeast of the S-1 pit.
“The Big Missouri deposit continues to impress with more bonanza-grade gold and additional occurrences of coarse, visible gold,” President and CEO, Derek White, said.
“The headline intercept of 488 grams per tonne is the highest-grade interval Ascot has drilled since 2017, and the fourth-highest assay ever recorded at Big Missouri.
“The drill holes from this release contain 20 assays over 10 grams per tonne gold. Many of the high-grade intercepts were encountered within or around existing stope shapes, and some high grades were encountered in gaps between stope shapes – further strengthening our confidence that there is more gold to be discovered outside the existing resource model at Big Missouri.”
The results are headlined by hole P22-2445 which intercepted 488.00 g/t Au and 181.00 g/t Ag over 1.00m, within a broader interval of 62.76 g/t Au and 27.36 g/t Ag over 7.90m, starting from a depth of 90.00m. This is the highest-grade interval Ascot has drilled since 2017, and the fourth-highest assay ever recorded at Big Missouri. This intercept along with an interval of 12.30 g/t Au in hole P22-2438 occurs within a group of lower grade intercepts that had previously not been wireframed and will now constitute a new zone of mineralization.
Similarly, holes P22-2431 and P22-2434 intercepted high-grade gold in a large gap area between stope shapes, indicating potential to add more mineralization as mining progresses.
The new drill holes intercepted high-grade gold within and near planned stope shapes, reinforcing the current wireframe geometry. This is showcased by the 44.50 g/t Au intercept in hole P22-2441, the 26.00 g/t Au intercept in hole P22-2444, and the 21.30 g/t Au intercept in hole P22-2436.
The remaining outstanding assay results from the 2022 exploration drill season consist of 12 holes drilled from underground at Big Missouri, four surface in-fill holes near the S1 pit at Big Missouri, and 12 holes drilled from two surface pads at the Day Zone on the western side of the Big Missouri ridge. The company anticipates the receipt of all outstanding assays in early 2023.
For further information please visit: https://ascotgold.com/
