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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 6/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Premier deposit at the Premier project. Drilling results incl. 71.05m @ 8.54g/t Au, 6.8g/t Ag, 0.19% Zn from 270.20m. The Premier property covers more than one hundred | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Graeme Evans, Lawrence Tsang (Internal) | |
| ABSTRACT: | The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag. Recent drilling has extended the Northern Lights Main zone updip into an area covered by old waste dumps. Drilling to date has been encountering more complex sulphide rich quartz breccias in a more focused structural setting. These early holes have extended this mineralization a further 200 meters updip and the new extension remains open on strike. Assays for this area are pending. Recent in-house modelling indicates much of the Premier area drilled to date would be amenable to a large scale open pit operation. Although this would result in a lower overall grade it would contain a significantly higher gold/silver resource compared to just selectively mining the higher grade underground targets. This new modelling demonstrates the flexibility of the Premier system as either a high grade underground target or as an open pit target or a combination of both. Further studies will be needed to determine the optimum approach moving forward. | |
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