Highlights of this release include:
- 52.67g/t gold over 3.59m in hole P19-2079
- 16.56g/t gold over 4.00m in hole P19-2081
The
The multiple high-grade intercepts from the deposit were highlighted by an exceptional intercept of one metre at 184g/t gold in P19-2019. This deposit is but one of several deposits at Premier that demonstrate the remarkable potential of the project. Our engineers continue to work very hard to deliver a mine development plan that will allow Ascot to realize this potential for its shareholders.”
Drill Results
This news release presents the results from 27 drill holes, comprising 3,860 metres of drilling from 10 separate pads. The holes tested the central and southern parts of
Given our exploration success the Company re-opened the southern access portal at Silver Coin. This will permit future infill drilling campaigns to be conducted from existing underground infrastructure. This will be more cost effective as holes will be shorter, facilitating a higher drill density compared to a surface program in difficult topography.
The results from the third set of
Figure 1 Image of the Silver Coin deposit showing the locations of drill collars and drill holes described in this release relative to the existing underground infrastructure. Pad locations are listed in Table 2.
Figure 1 https://ascotgold.com/site/assets/files/4740/fig1-1200-dec-2-2019.jpg
Table 1 Summary of drill results from
Hole # | pad | azimuth/dip | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) |
P19-2053 | SC-12 | 90/-49 | 57.35 | 58.35 | 1.00 | 6.48 | 24.0 |
also | 98.00 | 106.60 | 8.60 | 4.59 | 18.4 | ||
incl. | 98.00 | 99.00 | 1.00 | 18.20 | 34.0 | ||
also | 137.45 | 139.75 | 2.30 | 9.93 | 29.3 | ||
P19-2054 | SC-12 | 90/-61 | 109.72 | 111.72 | 2.00 | 5.35 | 24.0 |
also | 147.10 | 148.30 | 1.20 | 4.46 | 45.0 | ||
P19-2055 | SC-07 | 70/-66 | No significant intercept | ||||
P19-2056 | SC-07 | 125/-82 | 80.95 | 83.00 | 2.05 | 1.17 | 5.0 |
P19-2057 | SC-07 | 260/-57 | 159.80 | 161.80 | 2.00 | 2.93 | 6.0 |
also | 196.40 | 199.40 | 3.00 | 15.04 | 76.3 | ||
incl. | 196.40 | 197.40 | 1.00 | 36.90 | 99.0 | ||
also | 215.60 | 220.80 | 5.20 | 3.13 | 20.7 | ||
incl. | 215.60 | 216.60 | 1.00 | 5.66 | 47.0 | ||
P19-2058 | SC-07 | 246/-50 | 49.00 | 50.00 | 1.00 | 4.59 | 16.0 |
also | 60.45 | 61.85 | 1.40 | 5.00 | 26.0 | ||
also | 118.15 | 120.15 | 2.00 | 3.20 | 5.0 | ||
also | 138.70 | 139.75 | 1.05 | 9.39 | 53.0 | ||
P19-2059 | SC-07 | 238/-72 | 94.00 | 95.95 | 1.95 | 15.65 | 39.1 |
P19-2060 | SC-07 | 238/-62 | 145.00 | 146.00 | 1.00 | 3.19 | 11.0 |
also | 147.00 | 148.00 | 1.00 | 32.50 | 58.0 | ||
also | 212.95 | 213.95 | 1.00 | 6.89 | 133.0 | ||
P19-2061 | SC-07 | 220/-80 | 43.00 | 43.90 | 0.90 | 2.04 | 6.0 |
P19-2063 | SC-17 | 140/-63 | 64.00 | 65.50 | 1.50 | 3.06 | 21.3 |
P19-2064 | SC-17 | 60/-79 | 75.50 | 77.50 | 2.00 | 5.19 | 15.0 |
also | 143.00 | 145.00 | 2.00 | 14.70 | 17.0 | ||
also | 155.00 | 156.00 | 1.00 | 4.20 | 111.0 | ||
P19-2065 | SC-17 | 310/-84 | 48.20 | 49.00 | 0.80 | 3.78 | 42.0 |
also | 248.00 | 249.94 | 1.94 | 6.82 | 20.0 | ||
P19-2066 | SC-11 | 270/-82 | 7.60 | 8.28 | 0.68 | 6.71 | 5.0 |
also | 101.52 | 103.52 | 2.00 | 4.11 | 17.0 | ||
also | 112.61 | 114.24 | 1.63 | 4.61 | 87.5 | ||
also | 121.67 | 123.67 | 2.00 | 6.45 | 15.0 | ||
P19-2072 | SC-14 | 40/-55 | No significant intercept | ||||
P19-2073 | SC-14 | 50/-78 | 6.62 | 7.62 | 1.00 | 4.78 | 150.0 |
P19-2074 | SC-28 | 270/-65 | No significant intercept | ||||
P19-2076 | SC-18 | 270/-54 | 90.26 | 92.26 | 2.00 | 3.12 | 16.0 |
also | 100.35 | 101.35 | 1.00 | 4.07 | 32.0 | ||
P19-2077 | SC-18 | 270/-73 | 83.50 | 85.07 | 1.57 | 5.45 | 13.0 |
also | 89.73 | 91.37 | 1.64 | 2.31 | 5.0 | ||
also | 108.84 | 110.84 | 2.00 | 2.88 | 1.0 | ||
also | 123.04 | 125.04 | 2.00 | 5.49 | 18.0 | ||
P19-2078 | SC-18 | 270/-81 | 116.10 | 121.76 | 5.66 | 4.17 | 4.4 |
P19-2079 | SC-18 | 90/-67 | 83.81 | 85.40 | 1.59 | 17.30 | 29.0 |
also | 103.22 | 106.81 | 3.59 | 52.67 | 32.8 | ||
incl. | 105.82 | 106.81 | 0.99 | 184.00 | 94.0 | ||
also | 138.34 | 142.34 | 4.00 | 2.75 | 3.0 | ||
P19-2080 | SC-27 | 279/-62 | 55.00 | 57.00 | 2.00 | 3.94 | 1.0 |
P19-2081 | SC-27 | 75/-77 | 51.21 | 53.21 | 2.00 | 3.46 | 4.0 |
also | 99.14 | 103.14 | 4.00 | 16.56 | 10.5 | ||
P19-2082 | SC-31 | 102/-47 | No significant intercept | ||||
P19-2083 | SC-31 | 105/-65 | No significant intercept | ||||
P19-2084 | SC-28 | 270/-83 | 88.06 | 93.76 | 5.70 | 6.69 | 19.0 |
incl. | 92.76 | 93.76 | 1.00 | 20.20 | 36.0 | ||
P19-2085 | SC-28 | 90/-40 | 95.88 | 102.32 | 6.44 | 4.16 | 32.9 |
incl. | 101.32 | 102.32 | 1.00 | 10.70 | 78.0 | ||
P19-2086 | SC-03 | 43/-57 | 45.70 | 47.05 | 1.35 | 4.18 | 56.0 |
also | 55.35 | 56.90 | 1.55 | 11.10 | 30.0 | ||
also | 96.05 | 97.00 | 0.95 | 8.77 | 35.0 |
True width is estimated to be approximately 70-90% of reported intercepts. The drill holes that are missing in the sequence have not been drilled at Silver Coin and will be reported in subsequent releases.
Table 2 Drill pad locations
Pad # | UTM N | UTM E | Elevation | Hole no. |
SC-03 | 6218234 | 435867 | 950 | 2086 |
SC-07 | 6218142 | 435926 | 1010 | 2055-2061 |
SC-11 | 6218025 | 435875 | 1011 | 2066 |
SC-12 | 6218000 | 435865 | 1009 | 2053, 2054 |
SC-14 | 6217945 | 435910 | 1021 | 2072, 2073 |
SC-17 | 6217857 | 435688 | 984 | 2063-2065 |
SC-18 | 6217850 | 435813 | 1006 | 2076-2079 |
SC-27 | 6217718 | 435628 | 969 | 2080, 2081 |
SC-28 | 6217725 | 435823 | 1014 | 2074, 2084, 2085 |
SC-31 | 6217661 | 435578 | 941 | 2082, 2083 |
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