Ascot Resources Ltd (TSX: AOT) has identified “bonanza” grade gold in thefirst batch of assay results from the 2022 exploration drill programme at the company’s Premier Gold Project (PGP), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia.
These results are from surface exploration drilling at the emerging Sebakwe Zone near the past-producing Premier mill, and with assays of up to 193 g/t gold, continue to highlight the high-grade tenor of the Sebakwe Zone.
Highlights from the drill results include:
- 193.00 g/t Au and 41.8 g/t Ag over 1.0m from a depth of 315m in hole P22-2393
- 17.78 g/t Au and 20.1 g/t Ag over 3.0m from a depth of 366m in hole P22-2393, including 51.00 g/t Au and 54.6 g/t Ag over 1.0m
- 4.77 g/t Au and 18.2 g/t Ag over 4.5m from a depth of 331m in hole P22-2393, including 12.10 g/t Au and 34.5 g/t Ag over 1.6m
- 25.90 g/t Au and 21.0 g/t Ag over 1.0m from a depth of 413m in hole P22-2389
The company has received the results from six surface drill holes totalling 2,477 m at the emerging Sebakwe Zone, approximately 600 m east of the Premier mill building. After drilling two holes in 2021 on this zone, one of which intercepted 36.17 g/t gold over 7.1 m, the company had initially planned on drilling 10 new holes totalling approximately 4,000 m as a part of the 2022 exploration drilling programme.
As drilling progressed, based on encouraging visual indications of mineralisation and structure, the drill programme was increased to 15 holes totalling 6,091 m at the Sebakwe Zone.
“The Sebakwe Zone continues to impress with its high-grade pedigree and growth potential. Hole P22-2393 intercepted 193 g/t gold over 1.0m, representing the highest-grade drilled by Ascot in recent years,” President and CEO, Derek White, said.
“In such a short timeframe, Ascot has now defined visual mineralisation at the Sebakwe Zone in multiple parallel vein structures over a strike extent of 70 m and a vertical extent of 120 m.
“Given its proximity to the Premier mill and planned underground mine development, Sebakwe is a compelling target for low-cost, accretive resource growth. The geometrical similarities to the Premier and Northern Light deposits adjacent to the south are so far reaffirming our hypothesis that the Sebakwe Zone is a third parallel mineralised structure.”
For further information please visit: https://ascotgold.com/
