Highlights of this release include:
- 37.95g/t Au over 5.03m in hole P19-2153
- 8.14g/t Au over 13.03m in hole P19-2156
- 8.39g/t Au over 8.75m in hole P19-2151
The Prew zone was discovered in 2017 and these new high-grade intercepts will contribute to the process of upgrading resources from the inferred to the indicated category in the upcoming resource update for the project.
The Company has completed approximately 52,400m of drilling at Premier in 2019 and reported results from just over 60% of the drill holes to date.
Drill Results
This news release presents the results from 19 drill holes, comprising 5948 metres of drilling, completed from six separate pads into the Prew zone at the Premier deposit. All 19 drill holes intercepted mineralized quartz breccias with 12 reported intervals in excess of 10g/t Au. The results from these drill holes are summarized in Table 1 and the pad locations are listed in Table 2.
The Prew zone is located in the northeastern part of the Premier deposit and forms the down-dip continuation of the Ben zone. Both zones were discovered by extensive drilling in 2017. On subsequent inspection following the Premier resource estimate in 2018 (see news release from
Figure 1 Image of the historical Premier mine area showing the mill building and the location of the drill pads described in this release. The Prew zone is striking northeast as outlined by the intercepts in the drill holes. Pad locations are listed in Table 2.
Figure 1 https://ascotgold.com/site/assets/files/4736/2019-11-18-aot-fig1.png
Table 1 Summary of drill results from the Prew zone at Premier
Hole # | pad | azimuth/dip | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) |
P19-2124 | Prew4 | 135/-48 | 281.43 | 287.43 | 6.00 | 11.48 | 43.3 |
incl. | 284.43 | 287.43 | 3.00 | 21.92 | 81.7 | ||
P19-2125 | Prew4 | 135/-52 | 288.26 | 291.46 | 3.20 | 9.11 | 30.2 |
incl. | 289.26 | 290.26 | 1.00 | 11.61 | 56.5 | ||
P19-2126 | Prew4 | 135/-59 | 286.03 | 289.77 | 3.74 | 7.27 | 6.4 |
incl. | 288.77 | 289.77 | 1.00 | 20.60 | 7.0 | ||
P19-2127 | Prew4 | 135/-66 | 277.36 | 279.78 | 2.42 | 5.23 | 36.5 |
P19-2128 | Prew4 | 135/-70 | 289.93 | 293.63 | 3.70 | 3.08 | 3.3 |
also | 297.42 | 304.90 | 7.48 | 6.27 | 4.0 | ||
incl. | 297.42 | 298.42 | 1.00 | 33.80 | 12.0 | ||
P19-2129 | Prew4 | 135/-78 | 289.09 | 292.90 | 3.81 | 2.33 | 1.7 |
incl. | 291.90 | 292.90 | 1.00 | 5.49 | 3.0 | ||
P19-2134 | Prew1 | 135/-53 | 282.36 | 284.36 | 2.00 | 1.02 | 1.0 |
P19-2140 | Prew1 | 135/-62 | 203.63 | 204.83 | 1.20 | 1.84 | 5.0 |
also | 248.80 | 252.80 | 4.00 | 3.56 | 4.5 | ||
P19-2143 | Prew1 | 135/-78 | 243.53 | 244.53 | 1.00 | 7.36 | 3.0 |
P19-2146 | Prew2 | 135/-58 | 291.47 | 292.70 | 1.23 | 3.47 | 6.0 |
also | 294.45 | 295.45 | 1.00 | 1.63 | 2.0 | ||
P19-2147 | Prew2 | 135/-68 | 271.57 | 272.57 | 1.00 | 67.20 | 31.0 |
also | 277.05 | 278.05 | 1.00 | 2.74 | 4.0 | ||
P19-2151 | Prew6 | 142/-55 | 300.14 | 308.89 | 8.75 | 8.39 | 12.1 |
incl. | 300.14 | 301.06 | 0.92 | 45.50 | 55.0 | ||
P19-2152 | Prew6 | 135/-68 | 292.17 | 296.3 | 4.13 | 7.99 | 20.1 |
P19-2153 | Prew6 | 122/-81 | 223.88 | 227.32 | 3.44 | 5.78 | 18.6 |
also | 290.52 | 295.55 | 5.03 | 37.95 | 25.5 | ||
incl. | 292.90 | 294.84 | 1.94 | 93.00 | 55.0 | ||
P19-2155 | Prew5 | 135/-47 | 288.78 | 291.61 | 2.83 | 38.44 | 277.2 |
also | 300.00 | 301.00 | 1.00 | 3.87 | 6.0 | ||
also | 306.00 | 309.20 | 3.20 | 4.97 | 18.1 | ||
also | 317.50 | 318.70 | 1.20 | 6.72 | 11.0 | ||
P19-2156 | Prew5 | 135/-51 | 287.14 | 300.17 | 13.03 | 8.14 | 22.5 |
incl. | 288.34 | 289.43 | 1.09 | 32.50 | 106.0 | ||
and | 292.63 | 293.63 | 1.00 | 39.40 | 67.0 | ||
P19-2157 | Prew5 | 135/-59 | 283.66 | 285.66 | 2.00 | 1.23 | 12.5 |
P19-2160 | Prew3 | 135/-66 | 276.00 | 277.50 | 1.50 | 4.17 | 3.0 |
also | 283.00 | 285.00 | 2.00 | 2.36 | 2.0 | ||
P19-2161 | Prew3 | 135/-81 | 258.50 | 260.00 | 1.50 | 1.38 | 3.0 |
also | 266.50 | 267.50 | 1.00 | 1.17 | 4.0 |
True width is believed to be approximately 70-90% of reported intercepts. The drill holes that are missing in the sequence do not yet have complete assays and will be reported when all assays are available.
Table 2 Drill pad locations
Pad # | UTM N | UTM E | Elevation | Hole no. |
Prew1 | 6213300 | 437192 | 543 | 2134, 2140, 2143 |
Prew2 | 6213260 | 437147 | 548 | 2146, 2147 |
Prew3 | 6213244 | 437132 | 547 | 2160, 2161 |
Prew4 | 6213225 | 437120 | 543 | 2124-2129 |
Prew5 | 6213210 | 437109 | 544 | 2155-2157 |
Prew6 | 6213188 | 437092 | 543 | 2151-2153 |
Ascot Appoints Advisor to the Board
Ascot is also pleased to announce that it has appointed
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
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 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 the 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 the 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
Source:
2019 GlobeNewswire, Inc., source