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Ascot Resources Drilling Update for Premier West

Mining News - Published on Mon, 03 Aug 2020

Image Source: Ascot Resources Premier Deposit
Ascot Resources Ltd announced high gold grades in the first seven drill holes of 1,930 metres of the 2020 season. The drill site is strategically located to the west of the Premier deposit, potentially adding to existing resources outlined in the feasibility study. The significance of this prospective corridor is further highlighted by high gold grades in surface grab samples even further along strike to the west at Hope, Cascade Creek and Woodbine. Ascot Resources President and CEO Derek White said “We are pleased with these initial high-grade results close to the Premier deposit. As we move to re-starting production, these potential resources have obvious implications for extending the mine life at low cost. We are mobilizing a second rig in the beginning of August in order to accelerate drill testing of our exciting targets. We continue to be impressed by the potential for discovery of new deposits on our landholdings. Initial drilling has been focused on lower elevation targets and as the weather conditions improve, we will drill at higher elevations, including our high-grade silver targets at Silver Hill.”

Highlights of this release include:
20.06g/t Au over 3.23m in hole P19-2193
9.21g/t Au over 6.00m in hole P19-2183
16.25g/t Au in a grab sample from Cascade Creek

In early June the Company started drilling on the area west of the Premier open pit. Mineralization occurs in several areas at surface over a strike length of nearly 2 kilometres, namely at the Premier mill road, the Hope zone at the Granduc road, the Cascade Creek valley and the Woodbine prospect.

Source :

Posted By : Yogender Pancholi on Mon, 03 Aug 2020
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