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Highlights of this release include:
- 22.54g/t Au over 5.50m in hole P19-1999
- 24.90g/t Au over 2.06m in hole P19-2020
- 149.00g/t Au over 1.00m in hole P19-2070
"Big
The Big Missouri deposit is located approximately five kilometres to the north of the Premier mill along the Big Missouri haul road. Westmin Resources previously mined gold from the S1 pit at Big Missouri and in the first half of the 20th century the deposit had limited production from underground. Mineralization at Big Missouri covers a large area and gold zones are present at three different stratigraphic levels in sub-horizontal zones with a gentle westerly dip. The drill program at Big Missouri was designed to convert a portion of the inferred resources to the indicated category. This news release completes the reporting of infill drilling from Big Missouri.
Drill Results
This news release presents the results from 42 drill holes, comprising 6,297 metres of drilling, completed from nine separate pads into the Big Missouri deposit. This set of holes was completed to test an area to the south of the S1 pit and the Unicorn area to the north (see figure 1). It is interesting that holes P19-2142 and P19-2145 intercepted gold mineralization as these holes were drilled for geotechnical purposes at a proposed portal site in the southern high wall of the S1 pit. This is the second proposed portal site where gold mineralization was intercepted during geotechnical investigations. The proximity of gold mineralization to a proposed access point is a very positive development in the course of our work towards restarting gold production at the Premier mill.
The drill results are favourable with gold intercepts at expected depth and confirming previously established orientations of mineralized zones. Figure 2 shows a cross section of drill holes P19-2109 and P19-2110 that were designed to follow up a previous high-grade intercept in hole P14-608 (83.5g/t Au over 1.52 metres). The drill holes intercepted gold mineralization at similar depth and are now aiding to establish one of the modeled zones, in this case solid 79 (see Figure 2). As a result of the two new drill holes, some of the ore blocks in the vicinity of the three holes will potentially qualify to be classified in the indicated category in an area where blocks were classified as inferred previously.
The results from the final set of drill holes at Big Missouri are summarized in Table 1 and the pad locations are listed in Table 2.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/927162f4-07d5-4aa3-8a34-6956c9e1b0a0
https://www.globenewswire.com/NewsRoom/AttachmentNg/b629c5bc-6413-4c5e-bcae-54330d18ce0d
Table 1 Summary of drill results from Big Missouri
Hole # | pad | azimuth/dip | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) |
P19-1994 | BM-37 | 298/-45 | 107.00 | 117.98 | 10.98 | 2.04 | 4.2 |
also | 127.09 | 128.09 | 1.00 | 3.45 | 4.0 | ||
P19-1995 | BM-37 | 276/-53 | 123.74 | 125.74 | 2.00 | 2.62 | 3.0 |
P19-1996 | BM-37 | 270/-76 | 122.00 | 125.00 | 3.00 | 2.54 | 3.3 |
also | 141.33 | 141.94 | 0.61 | 2.19 | 2.0 | ||
and | 149.65 | 150.65 | 1.00 | 3.86 | 9.0 | ||
P19-1997 | BM-37 | 270/-87 | 144.03 | 152.03 | 8.00 | 1.25 | 4.8 |
P19-1998 | BM-37 | 240/-67 | 5.20 | 7.20 | 2.00 | 2.73 | 21.0 |
also | 98.80 | 102.20 | 3.40 | 1.36 | 6.2 | ||
and | 121.78 | 123.78 | 2.00 | 4.47 | 3.0 | ||
and | 141.35 | 142.40 | 1.05 | 3.24 | 4.0 | ||
and | 166.00 | 168.00 | 2.00 | 2.02 | 3.0 | ||
P19-1999 | BM-37 | 226/-75 | 4.88 | 6.88 | 2.00 | 2.75 | 13.0 |
also | 147.10 | 152.60 | 5.50 | 22.54 | 8.3 | ||
incl. | 149.10 | 151.10 | 2.00 | 45.30 | 11.0 | ||
P19-2000 | BM-37 | 155/-79 | 73.86 | 74.86 | 1.00 | 2.51 | 11.0 |
also | 128.50 | 130.10 | 1.60 | 2.42 | 9.0 | ||
and | 157.00 | 159.00 | 2.00 | 2.20 | 2.0 | ||
and | 161.30 | 162.30 | 1.00 | 2.94 | 6.0 | ||
and | 164.81 | 168.40 | 3.59 | 1.95 | 8.5 | ||
P19-2005 | BM-37 | 45/-48 | 94.43 | 95.93 | 1.50 | 6.41 | 28.0 |
P19-2014 | BM-17 | 90/-74 | 59.50 | 62.50 | 3.00 | 3.32 | 10.7 |
also | 66.50 | 67.50 | 1.00 | 3.85 | 16.0 | ||
and | 71.50 | 73.50 | 2.00 | 4.05 | 11.5 | ||
P19-2015 | BM-17 | 90/-82 | 65.28 | 70.50 | 5.22 | 2.51 | 10.1 |
also | 91.00 | 92.00 | 1.00 | 3.30 | 7.0 | ||
and | 114.50 | 118.00 | 3.50 | 3.28 | 13.5 | ||
P19-2016 | BM-17 | 0/-59 | 57.00 | 59.00 | 2.00 | 8.01 | 7.0 |
also | 88.00 | 89.00 | 1.00 | 4.85 | 9.0 | ||
P19-2017 | BM-17 | 310/-85 | 62.00 | 65.06 | 3.06 | 3.33 | 11.91 |
P19-2018 | BM-30 | 240/-50 | 11.47 | 12.47 | 1.00 | 1.91 | 5.0 |
P19-2019 | BM-30 | 90/-77 | 34.50 | 35.50 | 1.00 | 2.47 | 8.0 |
also | 50.00 | 52.00 | 2.00 | 2.65 | 9.0 | ||
P19-2020 | BM-30 | 270/-64 | 22.00 | 23.50 | 1.50 | 2.88 | 4.0 |
also | 35.94 | 38.00 | 2.06 | 24.90 | 7.0 | ||
and | 63.00 | 65.00 | 2.00 | 3.65 | 17.0 | ||
and | 148.94 | 151.00 | 2.06 | 2.08 | 3.0 | ||
P19-2021 | BM-30 | 270/-82 | no significant intercept | ||||
P19-2022 | BM-30 | 90/-86 | 8.05 | 9.05 | 1.00 | 9.40 | 12.0 |
also | 71.70 | 73.70 | 2.00 | 2.99 | 8.0 | ||
and | 94.30 | 95.30 | 1.00 | 21.20 | 9.0 | ||
and | 118.50 | 119.50 | 1.00 | 2.51 | 5.0 | ||
P19-2023 | BM-30 | 90/-65 | 9.50 | 10.50 | 1.00 | 2.76 | 3.0 |
also | 22.78 | 23.78 | 1.00 | 5.72 | 22.5 | ||
and | 106.70 | 108.70 | 2.00 | 3.04 | 10.0 | ||
and | 114.10 | 117.25 | 3.15 | 5.78 | 13.0 | ||
P19-2067 | BM-33 | 90/-66 | 9.10 | 13.10 | 4.00 | 3.57 | 21.5 |
also | 19.83 | 21.83 | 2.00 | 5.53 | 23.5 | ||
and | 28.04 | 30.04 | 2.00 | 2.56 | 7.0 | ||
and | 34.24 | 36.24 | 2.00 | 7.21 | 4.0 | ||
and | 73.35 | 86.15 | 12.80 | 3.44 | 13.5 | ||
incl. | 78.57 | 80.57 | 2.00 | 6.66 | 27.0 | ||
and | 111.06 | 117.79 | 6.73 | 2.73 | 10.6 | ||
and | 137.00 | 138.00 | 1.00 | 9.70 | 7.0 | ||
P19-2068 | BM-33 | 90/-86 | 18.36 | 23.50 | 5.14 | 5.68 | 10.6 |
also | 38.25 | 39.57 | 1.32 | 9.39 | 8.0 | ||
and | 130.73 | 132.00 | 1.27 | 3.20 | 77.5 | ||
P19-2069 | BM-33 | 30/-47 | 17.02 | 26.77 | 9.75 | 2.15 | 15.4 |
P19-2070 | BM-33 | 270/-82 | 149.50 | 150.50 | 1.00 | 17.70 | 17.0 |
also | 154.50 | 155.50 | 1.00 | 149.00 | 67.0 | ||
P19-2071 | BM-33 | 270/-72 | 22.50 | 24.50 | 2.00 | 9.40 | 10.0 |
P19-2075 | BM-33 | 90/-60 | 18.55 | 22.41 | 3.86 | 8.02 | 26.3 |
incl. | 20.41 | 21.14 | 0.73 | 12.20 | 39.0 | ||
also | 58.42 | 60.42 | 2.00 | 2.99 | 6.0 | ||
and | 114.67 | 121.95 | 7.28 | 4.73 | 15.7 | ||
incl. | 121.24 | 121.95 | 0.71 | 9.50 | 22.0 | ||
and | 125.42 | 126.42 | 1.00 | 2.80 | 18.0 | ||
and | 154.45 | 155.45 | 1.00 | 6.80 | 8.0 | ||
and | 170.00 | 172.00 | 2.00 | 5.76 | 5.0 | ||
P19-2100 | BM-44 | 280/-64 | 22.00 | 24.00 | 2.00 | 7.34 | 12.0 |
also | 100.00 | 101.00 | 1.00 | 1.87 | 3.0 | ||
P19-2101 | BM-44 | 280/-55 | 135.94 | 137.50 | 1.56 | 1.99 | 8.0 |
also | 140.50 | 142.00 | 1.50 | 1.96 | 6.0 | ||
P19-2102 | BM-44 | 11/-82 | 73.70 | 76.00 | 2.30 | 2.16 | 8.0 |
P19-2103 | BM-44 | 280/-84 | 31.00 | 32.48 | 1.48 | 7.67 | 16.0 |
also | 98.00 | 99.00 | 1.00 | 4.08 | 5.0 | ||
and | 144.90 | 147.00 | 2.10 | 2.02 | 3.0 | ||
P19-2104 | BM-44 | 62/-72 | 83.00 | 85.00 | 2.00 | 2.57 | 8.0 |
also | 111.00 | 113.00 | 2.00 | 2.07 | 16.0 | ||
P19-2105 | BM-44 | 135/-76 | 17.85 | 18.91 | 1.06 | 2.22 | 13.0 |
also | 99.08 | 100.50 | 1.42 | 1.70 | 32.0 | ||
P19-2106 | BM-02 | 90/-49 | 63.09 | 66.24 | 3.15 | 5.51 | 21.3 |
incl. | 64.09 | 65.09 | 1.00 | 9.67 | 22.0 | ||
also | 117.16 | 120.25 | 3.09 | 5.61 | 30.6 | ||
incl. | 118.70 | 120.25 | 1.55 | 8.27 | 47.0 | ||
P19-2107 | BM-02 | 90/-64 | 36.29 | 37.65 | 1.36 | 8.56 | 10.0 |
P19-2108 | BM-02 | 90/-75 | 8.84 | 10.84 | 2.00 | 3.05 | 12.0 |
P19-2109 | BM-01 | 280/-60 | 214.31 | 215.67 | 1.36 | 5.48 | 12.0 |
P19-2110 | BM-01 | 280/-72 | 173.36 | 174.61 | 1.25 | 1.12 | 2.5 |
P19-2119 | BM-48 | 285/-48 | 109.62 | 111.55 | 1.93 | 1.01 | 5.0 |
P19-2120 | BM-48 | 268/-50 | 59.00 | 60.45 | 1.45 | 1.57 | 3.0 |
P19-2121 | BM-48 | 249/-67 | 18.35 | 22.66 | 4.31 | 4.31 | 15.4 |
incl. | 18.35 | 20.00 | 1.65 | 6.12 | 16.0 | ||
also | 116.50 | 117.50 | 1.00 | 4.04 | 26.0 | ||
P19-2122 | BM-48 | 228/-75 | 12.17 | 13.59 | 1.42 | 1.85 | 18.0 |
P19-2141 | GT-BM-02 | 290/-52 | no significant intercept | ||||
P19-2142 | GT-BM-02 | 290/-85 | 22.00 | 24.00 | 2.00 | 2.08 | 3.0 |
P19-2145 | GT-BM-02 | 290/-38 | 92.41 | 93.56 | 1.15 | 12.00 | 10.0 |
True width is estimated to be approximately 70-90% of reported intercepts. The drill holes that are missing in the sequence have already been reported or are geotechnical holes.
Table 2 Drill pad locations
Pad # | UTM N | UTM E | Elevation | Hole no. |
BM-01 | 6219000 | 436330 | 1049 | 2109, 2110 |
BM-02 | 6219128 | 436357 | 1058 | 2106-2108 |
BM-17 | 6219585 | 436765 | 965 | 2014-2017 |
BM-30 | 6219650 | 436675 | 992 | 2018-2023 |
BM-33 | 6219675 | 436667 | 1000 | 2067-2071, 2075 |
BM-37 | 6219775 | 436772 | 1018 | 1994-2000, 2005 |
BM-44 | 6219867 | 436760 | 1028 | 2100-2105 |
BM-48 | 6219911 | 436722 | 1022 | 2119-2122 |
GT-BM-02 | 6219209 | 436496 | 1002 | 2141, 2142, 2145 |
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 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