Highlights from the drill results include:
- 58.18 g/t Au over 1.99m from a depth of 70.8m in hole P23-2532, including 77.45 g/t Au over 0.99m.
- 9.89 g/t Au over 6.94m from a depth of 22.7m in hole P23-2509B, including 51.00 g/t Au over 1.19m
- 8.26 g/t Au over 7.35m from a depth of 7.35m in hole P23-2506, including 30.88 g/t Au over 1.44m
- 8.26 g/t Au over 5.57m from a depth of 16.9m in hole P23-2499, including 15.75 g/t Au over 1.27m
Note: True widths are estimated to be between 70% to 90% of reported interval widths.
Drilling for the 2023 exploration season at the Big Missouri deposit was conducted from early August until the end of October, during which time 72 holes were drilled from surface for a total of 6,539 metres. This second and final batch of assay results are from 55 holes totaling 5,293 metres, drilled from six pads, and including three holes drilled at the
Cross sections of the drill holes reported in this release are shown in Figures 2 to 4. Figure 2 shows a relatively large stope shape which has now been much better defined with additional drill holes, including hole P23-2532 which intercepted 58.18 g/t Au over 1.99m from a depth of 70.8m.
Three holes (P23-2515 to 2517) were drilled at the
Table 1 – Big
Hole # | Azimuth /dip | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) |
P23-2498 | -59/70 | 8.30 | 11.40 | 3.10 | 3.78 | 35.51 |
incl. | 9.40 | 10.40 | 1.00 | 5.18 | 68.40 | |
and | 19.45 | 23.20 | 3.75 | 7.43 | 25.97 | |
incl. | 21.10 | 22.15 | 1.05 | 21.20 | 54.30 | |
and | 100.30 | 108.10 | 7.80 | 3.15 | 6.34 | |
and | 127.05 | 129.03 | 1.98 | 2.88 | 5.40 | |
P23-2499 | -64/70 | 7.54 | 22.47 | 14.93 | 4.56 | 14.36 |
incl. | 16.90 | 22.47 | 5.57 | 8.26 | 24.66 | |
incl. | 21.20 | 22.47 | 1.27 | 15.75 | 62.70 | |
and | 36.00 | 38.02 | 2.02 | 5.78 | 3.40 | |
and | 57.68 | 59.44 | 1.76 | 3.26 | 6.50 | |
and | 65.79 | 80.27 | 14.48 | 2.20 | 6.01 | |
incl. | 69.79 | 71.79 | 2.00 | 3.24 | 6.10 | |
and | 97.40 | 98.64 | 1.24 | 3.46 | 10.60 | |
P23-2500 | -61/78 | 8.10 | 21.69 | 13.59 | 2.61 | 14.86 |
incl. | 19.62 | 21.69 | 2.07 | 5.74 | 31.30 | |
and | 39.82 | 48.00 | 8.18 | 1.25 | 5.66 | |
and | 102.11 | 110.70 | 8.59 | 2.50 | 15.21 | |
and | 122.70 | 126.69 | 3.99 | 2.94 | 4.86 | |
incl. | 122.70 | 123.83 | 1.13 | 5.04 | 8.80 | |
P23-2501 | -65/79 | 7.40 | 11.50 | 4.10 | 2.60 | 11.68 |
and | 18.50 | 21.55 | 3.05 | 5.68 | 18.96 | |
and | 34.30 | 36.00 | 1.70 | 6.89 | 5.80 | |
and | 55.50 | 60.00 | 4.50 | 2.74 | 6.23 | |
and | 74.05 | 82.87 | 8.82 | 4.24 | 17.29 | |
and | 98.30 | 101.00 | 2.70 | 3.35 | 14.63 | |
P23-2502 | -50/82 | 8.71 | 11.90 | 3.19 | 3.67 | 11.20 |
and | 18.85 | 22.97 | 4.12 | 4.05 | 15.85 | |
incl. | 20.69 | 21.81 | 1.12 | 8.27 | 17.20 | |
and | 113.25 | 117.35 | 4.10 | 1.93 | 8.10 | |
P23-2503 | -49/92 | 18.85 | 23.00 | 4.15 | 6.59 | 10.66 |
incl. | 18.85 | 20.35 | 1.50 | 12.35 | 14.90 | |
and | 43.55 | 46.50 | 2.95 | 2.69 | 5.98 | |
P23-2504 | -60/100 | 12.34 | 18.84 | 6.50 | 4.22 | 7.06 |
incl. | 17.20 | 18.84 | 1.64 | 6.96 | 10.10 | |
and | 53.34 | 61.62 | 8.28 | 1.32 | 19.78 | |
and | 97.48 | 101.24 | 3.76 | 1.57 | 68.56 | |
and | 121.15 | 124.18 | 3.03 | 2.95 | 26.41 | |
P23-2505 | -67/99 | 16.20 | 21.94 | 5.74 | 1.60 | 11.23 |
and | 44.20 | 45.68 | 1.48 | 11.20 | 12.80 | |
and | 70.20 | 71.95 | 1.75 | 10.80 | 10.60 | |
and | 79.11 | 81.77 | 2.66 | 3.86 | 5.83 | |
P23-2506 | -52/100 | 13.90 | 21.25 | 7.35 | 8.26 | 12.84 |
incl. | 19.81 | 21.25 | 1.44 | 30.88 | 38.45 | |
and | 26.40 | 27.40 | 1.00 | 8.67 | 8.30 | |
and | 42.20 | 44.20 | 2.00 | 2.30 | 6.20 | |
and | 111.65 | 112.56 | 0.91 | 1.88 | 18.20 | |
P23-2507 | -59/108 | 9.12 | 18.68 | 9.56 | 1.99 | 6.35 |
and | 26.24 | 29.52 | 3.28 | 1.25 | 10.73 | |
and | 58.00 | 61.00 | 3.00 | 1.77 | 3.37 | |
P23-2508 | -57/115 | 13.10 | 20.20 | 7.10 | 1.46 | 7.02 |
and | 125.77 | 130.37 | 4.60 | 2.78 | 27.37 | |
incl. | 127.26 | 128.37 | 1.11 | 5.11 | 71.70 | |
P23-2509 | -42/213 | 35.18 | 37.29 | 2.11 | 3.87 | 6.80 |
P23-2509B | -43/204 | 22.65 | 29.59 | 6.94 | 9.89 | 6.37 |
incl. | 22.65 | 23.84 | 1.19 | 51.00 | 16.00 | |
P23-2510 | -44/227 | 30.96 | 32.31 | 1.35 | 1.12 | 8.20 |
P23-2511 | -44/257 | 31.40 | 39.36 | 7.96 | 3.84 | 9.05 |
incl. | 31.40 | 33.77 | 2.37 | 7.36 | 15.47 | |
P23-2512 | -44/290 | 31.44 | 37.00 | 5.56 | 9.30 | 38.96 |
incl. | 34.40 | 35.53 | 1.13 | 18.25 | 39.30 | |
P23-2513 | -43/307 | 30.40 | 33.75 | 3.35 | 1.69 | 5.07 |
and | 36.75 | 39.75 | 3.00 | 1.67 | 7.60 | |
P23-2514 | -42/325 | 34.35 | 36.00 | 1.65 | 2.47 | 8.20 |
P23-2515 | -86/68 | 5.00 | 6.75 | 1.75 | 1.22 | 4.50 |
P23-2516 | -43/72 | 55.17 | 65.53 | 10.36 | 2.02 | 4.30 |
incl. | 64.38 | 65.53 | 1.15 | 7.72 | 20.40 | |
P23-2517 | -59/72 | 42.40 | 44.40 | 2.00 | 1.55 | 0.90 |
and | 50.40 | 52.16 | 1.76 | 1.14 | 1.90 | |
P23-2518 | -51/70 | 91.90 | 93.20 | 1.30 | 0.84 | 7.80 |
P23-2519 | -50/109 | 90.52 | 97.50 | 6.98 | 1.83 | 3.75 |
incl. | 96.00 | 97.50 | 1.50 | 4.11 | 4.90 | |
P23-2520 | -45/88 | 95.10 | 98.30 | 3.20 | 2.81 | 8.47 |
incl. | 95.10 | 96.10 | 1.00 | 5.07 | 10.70 | |
P23-2521 | -46/102 | 86.71 | 87.88 | 1.17 | 2.13 | 3.90 |
P23-2522 | -45/118 | 91.94 | 96.00 | 4.06 | 11.05 | 28.71 |
P23-2523 | -46/138 | 87.17 | 92.10 | 4.93 | 2.80 | 10.31 |
and | 114.84 | 124.60 | 9.76 | 5.77 | 4.38 | |
incl. | 114.84 | 116.00 | 1.16 | 32.90 | 9.70 | |
P23-2524 | -75/304 | 87.48 | 89.50 | 2.02 | 0.79 | 2.90 |
P23-2525 | -58/341 | 82.20 | 91.08 | 8.88 | 4.99 | 4.43 |
P23-2526 | -84/360 | 75.08 | 80.20 | 5.12 | 7.55 | 10.64 |
incl. | 79.08 | 80.20 | 1.12 | 23.60 | 17.70 | |
P23-2527 | -70/357 | 77.71 | 83.40 | 5.69 | 2.46 | 4.06 |
P23-2528 | -54/353 | 93.27 | 99.36 | 6.09 | 3.84 | 4.74 |
P23-2529 | -63/28 | 82.94 | 88.24 | 5.30 | 2.92 | 4.50 |
P23-2530 | -68/79 | 82.87 | 85.23 | 2.36 | 2.89 | 8.21 |
P23-2531 | -71/142 | 73.76 | 79.76 | 6.00 | 3.79 | 3.43 |
and | 87.24 | 87.80 | 0.56 | 2.85 | 7.50 | |
P23-2532 | -71/169 | 70.81 | 72.80 | 1.99 | 58.18 | 33.86 |
incl. | 70.81 | 71.80 | 0.99 | 77.45 | 46.45 | |
P23-2533 | -58/173 | 81.08 | 83.86 | 2.78 | 1.61 | 6.30 |
P23-2534 | -65/189 | 89.66 | 91.89 | 2.23 | 3.27 | 32.32 |
P23-2535 | -55/189 | 87.79 | 89.21 | 1.42 | 1.65 | 2.00 |
P23-2536 | -80/206 | 74.95 | 76.21 | 1.26 | 4.83 | 13.80 |
and | 81.38 | 82.76 | 1.38 | 3.90 | 7.50 | |
P23-2537 | -71/199 | 88.89 | 90.70 | 1.81 | 5.27 | 18.40 |
P23-2538 | -41/130 | 43.95 | 49.00 | 5.05 | 2.75 | 14.63 |
P23-2539 | -50/151 | 42.00 | 49.00 | 7.00 | 2.88 | 4.60 |
incl. | 44.00 | 45.27 | 1.27 | 5.57 | 7.20 | |
P23-2540 | -40/159 | 49.08 | 54.00 | 4.92 | 3.96 | 6.51 |
incl. | 52.00 | 53.00 | 1.00 | 14.70 | 14.80 | |
P23-2541 | -41/162 | 49.00 | 51.00 | 2.00 | 4.87 | 6.15 |
P23-2542 | -50/177 | 40.00 | 45.00 | 5.00 | 4.35 | 6.10 |
incl. | 41.00 | 42.00 | 1.00 | 9.65 | 4.60 | |
P23-2543 | -53/195 | 30.52 | 32.31 | 1.79 | 1.75 | 2.10 |
and | 36.88 | 39.07 | 2.19 | 2.45 | 4.76 | |
P23-2544 | -60/204 | 30.60 | 33.60 | 3.00 | 2.63 | 3.50 |
P23-2545 | -55/215 | 31.70 | 34.70 | 3.00 | 4.98 | 6.53 |
P23-2546 | -48/332 | 99.00 | 103.29 | 4.29 | 4.85 | 24.29 |
P23-2547 | -63/333 | 67.64 | 70.57 | 2.93 | 6.49 | 9.92 |
and | 77.00 | 80.67 | 3.67 | 2.92 | 7.50 | |
P23-2548 | -74/334 | 60.00 | 61.75 | 1.75 | 3.23 | 14.60 |
and | 83.00 | 87.00 | 4.00 | 3.65 | 6.13 | |
P23-2549 | -64/349 | 65.00 | 67.50 | 2.50 | 3.08 | 5.06 |
and | 70.50 | 72.50 | 2.00 | 2.72 | 7.05 | |
P23-2550 | -62/11 | 66.50 | 68.50 | 2.00 | 2.78 | 48.95 |
P23-2551 | -76/24 | 70.00 | 73.50 | 3.50 | 2.76 | 5.14 |
incl. | 70.00 | 71.00 | 1.00 | 5.00 | 5.00 | |
and | 80.14 | 83.00 | 2.86 | 2.00 | 5.88 |
Note: True widths are estimated to be between 70% to 90% of reported interval widths.
Figure 1 – 3D view of the drill pad locations and drill hole traces reported in this release
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4013ecce-6468-4aef-be89-9e1a3137deb0
Figure 2 – 3D-cross section of drill holes from pad 23BM4. Gold mineralization in the new drill holes shows that the final stope shape will require only minor modifications.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4d1d468d-89f7-4433-84cc-b204226149b1
Figure 3 – 3D-cross section of drill holes from pad 23BM5. High-grade gold was intercepted in between two stope shapes in holes P23-2543 (1 metre grading 10 g/t gold) and P23-2539, suggesting the potential for the stope shapes to expand and be connected.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7eb9ec8c-d76e-4f9b-82eb-0d43010024e6
Figure 4 – 3D-cross section of drill holes from pads 23BM3, 23BM2 and 23BM6. High-grade gold was intercepted in many areas outside of current stope shapes, such as near-surface to the east of pad 23BM2, or at depth as drilled from pad 23BM6.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a121dcfe-eb3f-4992-b9b0-22421281da87
Table 2 – Drill pad locations
Pad # | UTM N | UTM E | Elevation (masl) | Hole no. |
23BM2 | 436671 | 6219676 | 998 | P23-2498 to P23-2514 |
23Day1 | 435816 | 6219437 | 926 | P23-2515 to P23-2517 |
23BM3 | 436577 | 6219681 | 1042 | P23-2518 to P23-2523 |
23BM4 | 436525 | 6219752 | 1050 | P23-2524 to P23-2537 |
23BM5 | 436647 | 6219528 | 971 | P23-2538 to P23-2547 |
23BM6 | 436766 | 6219582 | 965 | P23-2548 to P23-2551 |
Qualified Person
Quality Assurance/Quality Control
Analytical work is being carried out by
Samples are dried and weighed by ALS. They are then crushed to 75% passing 2mm, with 250g split and pulverized to 85% passing 75µm. Samples are processed at the ALS preparation lab in Terrace and sent to ALS in
On behalf of the Board of Directors of
“Derek C. White”
President & CEO
For further information contact:
VP,
dstewart@ascotgold.com
778-725-1060 ext. 1024
About
Ascot is a Canadian junior exploration and development company focused on re-starting the past producing Premier gold mine, located on Nisga’a Nation Treaty Lands, in British Columbia’s prolific
For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com, or for a virtual tour visit www.vrify.com under
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Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("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", "targeted", "outlook", "on track" 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, including statements in respect of the advancement and development of the PGP and the timing related thereto, the exploration of the Company’s properties and management’s outlook for the remainder of 2023 and beyond. 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 risks associated with the business of Ascot; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; risks associated with COVID-19 including adverse impacts on the world economy, construction timing and the availability of personnel; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedar.ca including the Annual Information Form of the Company dated
Figure 1
3D view of the drill pad locations and drill hole traces reported in this release
Figure 2
3D-cross section of drill holes from pad 23BM4. Gold mineralization in the new drill holes shows that the final stope shape will require only minor modifications.
Figure 3
3D-cross section of drill holes from pad 23BM5. High-grade gold was intercepted in between two stope shapes in holes P23-2543 (1 metre grading 10 g/t gold) and P23-2539, suggesting the potential for the stope shapes to expand and be connected.
Figure 4
3D-cross section of drill holes from pads 23BM3, 23BM2 and 23BM6. High-grade gold was intercepted in many areas outside of current stope shapes, such as near-surface to the east of pad 23BM2, or at depth as drilled from pad 23BM6.
2024 GlobeNewswire, Inc., source