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Highlights from 30 drill holes reported in this release include:
- 30.81g/t Au over 6.69m in hole P19-2137
- 28.96g/t Au over 3.20m in hole P19-2136
- 12.24g/t Au over 4.59m in hole P19-2130
The
At
Drill Results
This news release presents the results from 30 drill holes, comprising 3,783 metres of drilling, completed from 8 separate pads. The holes were drilled to test the northern and southernmost parts of the deposit.
Drill holes from pads SC30 and SC35 were targeted on a previously modeled mineralized zone (see figure 2) to follow up previous widely spaced high-grade gold intercepts. The holes were successful in increasing the density of drill spacing and the confidence level in interpretation of the geology. Drill holes 2118 and 2123 from pad SC-01 intersected gold mineralization at the northwestern periphery of the deposit that will require future follow-up as the deposit appears to still be open in that direction.
Drill holes from pads SC-31 and SC-32 were targeting peripheral parts of the deposit. The drill holes from pads SC-03, SC-04 and SC-10 intersected gold mineralization at various levels and will contribute to improving the grade interpolation in the targeted zones.
The results of the infill program exceeded expectations and are expected to be particularly positive when integrated into the pending resource update for the
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48336d4b-560a-45db-b6a1-366db85e9e13. Image of the Silver Coin deposit showing the locations of collars and drill holes reported in this release relative to the existing underground infrastructure and the orientation of the cross-section A-A’.
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd186b55-907d-4e00-9086-2835d582bd10. The cross-section A-A’ is in mineralization at the southern end of the Silver Coin deposit with a view to the north-east. The section shows the zone as it was modeled before the 2019 drill infill drilling. The new mineralized intercepts fall largely within the modeled zone and updated wire frames are in progress.
Table 1 Summary of drill results from
Hole # | pad | azimuth/dip | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) |
P19-2087 | SC-03 | 75/-45 | 54.50 | 55.70 | 1.20 | 9.08 | 56.0 |
also | 63.30 | 64.40 | 1.10 | 36.50 | 80.0 | ||
and | 69.65 | 70.65 | 1.00 | 12.10 | 27.0 | ||
P19-2088 | SC-03 | 75/-55 | 70.60 | 72.05 | 1.45 | 7.72 | 27.0 |
P19-2089 | SC-03 | 300/-58 | 61.00 | 62.00 | 1.00 | 3.03 | 16.0 |
P19-2090 | SC-03 | 300/-65 | 59.10 | 63.00 | 3.90 | 9.55 | 44.9 |
incl. | 62.50 | 63.00 | 0.50 | 35.80 | 205.0 | ||
also | 86.35 | 87.50 | 1.15 | 9.67 | 34.0 | ||
and | 89.50 | 90.50 | 1.00 | 8.54 | 34.0 | ||
and | 96.85 | 98.40 | 1.55 | 8.25 | 24.0 | ||
P19-2091 | SC-31 | 105/-55 | no significant intercept | ||||
P19-2092 | SC-03 | 270/-60 | 46.30 | 50.30 | 4.00 | 3.55 | 23.0 |
also | 64.40 | 68.35 | 3.95 | 4.39 | 3.5 | ||
and | 91.29 | 92.29 | 1.00 | 4.60 | 9.0 | ||
and | 102.62 | 103.62 | 1.00 | 5.93 | 12.5 | ||
and | 110.00 | 111.00 | 1.00 | 11.30 | 10.0 | ||
P19-2093 | SC-10 | 270/-82 | 70.87 | 71.66 | 0.79 | 4.05 | 3.0 |
also | 92.87 | 95.12 | 2.25 | 8.32 | 41.7 | ||
and | 124.27 | 126.27 | 2.00 | 11.10 | 16.0 | ||
P19-2094 | SC-10 | 270/-50 | 190.90 | 192.90 | 2.00 | 1.97 | 3.0 |
P19-2095 | SC-10 | 304/-77 | 162.31 | 164.31 | 2.00 | 4.78 | 17.0 |
P19-2096 | SC-10 | 355/-81 | 87.88 | 89.88 | 2.00 | 14.13 | 15.8 |
incl. | 88.88 | 89.88 | 1.00 | 23.65 | 24.5 | ||
also | 120.16 | 122.16 | 2.00 | 6.56 | 20.0 | ||
and | 168.5 | 172.53 | 4.03 | 6.61 | 10.5 | ||
P19-2097 | SC-10 | 50/-77 | 102.78 | 103.75 | 0.97 | 6.03 | 15.0 |
also | 107.60 | 110.60 | 3.00 | 4.02 | 22.8 | ||
and | 170.36 | 172.36 | 2.00 | 6.85 | 18.0 | ||
P19-2098 | SC-32 | 270/-81 | 39.65 | 41.65 | 2.00 | 1.14 | 6.0 |
P19-2099 | SC-32 | 90/-83 | 29.46 | 31.46 | 2.00 | 1.04 | 1.0 |
P19-2111 | SC-04 | 270/-50 | 85.10 | 86.10 | 1.00 | 2.98 | 14.0 |
also | 114.87 | 116.63 | 1.76 | 5.37 | 6.0 | ||
P19-2112 | SC-04 | 270/-60 | 116.27 | 117.57 | 1.30 | 10.90 | 7.0 |
P19-2113 | SC-04 | 270/-70 | 54.54 | 56.54 | 2.00 | 16.90 | 10.0 |
also | 120.89 | 122.16 | 1.27 | 9.13 | 17.0 | ||
and | 139.24 | 140.48 | 1.24 | 4.35 | 5.0 | ||
P19-2114 | SC-04 | 240/-45 | 71.47 | 72.35 | 0.88 | 1.29 | 18.0 |
P19-2115 | SC-04 | 240/-58 | 51.66 | 52.72 | 1.06 | 273.00 | 143.0 |
also | 89.99 | 90.83 | 0.84 | 6.60 | 7.0 | ||
and | 120.91 | 121.91 | 1.00 | 7.17 | 8.0 | ||
P19-2116 | SC-04 | 270/-70 | 70.17 | 72.17 | 2.00 | 4.31 | 1.0 |
also | 97.40 | 98.40 | 1.00 | 4.67 | 14.0 | ||
and | 105.40 | 106.40 | 1.00 | 3.24 | 26.0 | ||
and | 122.73 | 123.73 | 1.00 | 5.20 | 6.0 | ||
P19-2118 | SC-01 | 90/-45 | 29.87 | 32.92 | 3.05 | 2.73 | 16.0 |
P19-2123 | SC-01 | 90/-77 | 44.40 | 45.42 | 1.02 | 20.80 | 21.0 |
P19-2130 | SC-35 | 40/-60 | 63.83 | 68.42 | 4.59 | 12.24 | 11.7 |
incl. | 65.41 | 66.41 | 1.00 | 31.80 | 25.5 | ||
P19-2131 | SC-35 | 60/-52 | 68.15 | 70.11 | 1.96 | 1.21 | 2.0 |
P19-2132 | SC-35 | 65/-43 | 72.22 | 73.42 | 1.20 | 7.16 | 11.5 |
P19-2133 | SC-35 | 90/-65 | 51.00 | 53.25 | 2.25 | 1.89 | 6.0 |
P19-2135 | SC-35 | 255/-65 | 93.00 | 101.75 | 8.75 | 18.38 | 29.3 |
incl. | 96.00 | 96.75 | 0.75 | 99.50 | 121.0 | ||
P19-2136 | SC-30 | 230/-59 | 96.65 | 99.85 | 3.20 | 28.96 | 36.2 |
incl. | 97.75 | 98.75 | 1.00 | 74.10 | 63.0 | ||
P19-2137 | SC-30 | 200/-70 | 98.07 | 104.76 | 6.69 | 30.81 | 29.1 |
incl. | 98.07 | 98.71 | 0.64 | 139.00 | 137.0 | ||
P19-2138 | SC-30 | 195/-83 | 86.07 | 88.07 | 2.00 | 1.68 | 4.0 |
P19-2139 | SC-30 | 110/-52 | 77.32 | 79.11 | 1.79 | 3.73 | 25.0 |
True width is estimated to be approximately 70-90% of reported intercepts.
Table 2 Drill pad locations
Pad # | UTM N | UTM E | Elevation | Hole no. |
SC-1 | 6218350 | 435766 | 811 | 2118, 2123 |
SC-3 | 6218234 | 435867 | 950 | 2087-2090, 2092 |
SC-4 | 6218175 | 435847 | 952 | 2111-2116 |
SC-10 | 6218050 | 435887 | 1015 | 2093-2097 |
SC-30 | 6217663 | 435880 | 1047 | 2136-2139 |
SC-31 | 6217661 | 435578 | 941 | 2091 |
SC-32 | 6217625 | 435764 | 1022 | 2098, 2099 |
SC-35 | 6217575 | 435820 | 1013 | 2130-2133, 2135 |
Upcoming Events
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Quality Assurance/Quality Control
Analytical work is being carried out by
Samples are dried and weighed by SGS. They are then crushed to 75% passing 2mm, with 250g split and pulverized to 85% passing 75µm. Samples are processed on site by a mobile lab supplied by SGS and run by SGS personnel. All splits are sent to SGS in
For more information about the Company, please refer to the Company’s profile on SEDAR at www.sedar.com or visit the Company’s web site at www.ascotgold.com, or for a virtual tour visit www.vrify.com under Ascot Resources.
ON BEHALF OF THE BOARD OF DIRECTORS OF
“Derek C. White”, President and CEO
For further information contact:
VP, Investor Relations
778-725-1060 / khowe@ascotgold.com
About Ascot Resources Ltd.
Ascot is a Canadian-based junior exploration company focused on re-starting the past producing historic Premier gold mine, located in
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Ascot’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the estimated costs associated with construction of the Premier and Red Mountain Projects; the timing of the anticipated start of production at the Premier and Red Mountain Projects; the ability to maintain throughput and production levels at the
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