For thousands of other reports visit RSC's Mineral Intellingence Map
Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | North Star, Martha Ellen | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 9/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 25-9-2018: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its North Star, Martha Ellen deposit at the Premier project. Drilling results incl. 31.28m @ 4.34g/t Au, 15.8g/t Ag from 1.52m. VANCOUVER, British Columbia, Sept. 25, 2018 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan, Lawrence Tsang (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 25, 2018 -- Ascot Resources Ltd. (TSX.V: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that drilling at the North Star prospect has intercepted high-grade gold mineralization with individual intervals greater than 10g/t gold in every drill hole that was completed. Additional high-grade intercepts were added in the Big Missouri zone. Ten holes were completed at the Martha Ellen prospect. Highlights of this release include: Derek White, President and CEO of Ascot Resources commented, “The spectacular near-surface intercepts at North Star add another area for easily accessible potential resources at the Big Missouri ridge. We are very excited about follow-up drilling in this promising area.” The Company is working towards gathering sufficient data to apply for permits to recommence underground production at the Premier site near Stewart, B.C. using existing facilities and infrastructure (mill building, tailings facility, haul road, underground infrastructure and power line). The current drill program is an integral part in the process of expanding the existing high-grade resource base that will be used in the engineering studies that commenced in the second quarter of 2018. This news release summarizes the results from 32 drill holes at North Star, Big Missouri, Unicorn and Martha Ellen. All four areas are located at the Big Missouri ridge between 5-7km to the north of the Premier/Northern Lights resource area and the Premier mill building. The North Star prospect is located approximately 500m to the north of the S1 pit at the Big Missouri ridge on Ascot’s PremierDilworth Property. Ten holes were drilled in a starfish pattern from one drill pad (NS01) that was designed to test the continuity of previously known mineralization near surface in that area. All ten drill holes were drilled to a depth of approximately 70m and intersected high-grade gold mineralization with grades in excess of 10g/t Au. The mineralization is hosted in a gently west dipping quartz breccia zone (see cross section in Figure 2) and surrounding quartz stockwork with a thickness ranging from 15 -35m. Within this zone, there are high-grade shoots that provide the intervals in excess of 10g/t Au. The North Star mineralization occurs at roughly the same elevation as the more thoroughly explored Province zone to the south and may represent an extension of that zone to the north. Given the impressive results in this area, additional drill pads have been designed in order to explore the extent of the mineralization at North Star that is open in several directions. Drill results from the North Star prospect are summarized in Table 1. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report