ASCOT RESOURCES LTD. 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 Silver Coin deposit, acquired in 2018, is located approximately five kilometres to the north of the Premier mill. This release contains the results from the third set of drill holes from the 10,500 metre 2019 drill campaign at the site. The deposit was mined in 1991 producing 102,500 tonnes at a grade of 8.88g/t Au with an average gold recovery of 92.9 percent.
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.
Contact:
Tel: 778-725-1060
Email: khowe@ascotgold.com
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