North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Westward expansion of gold at Premier

Ascot taps high grades at Woodbine, opening new growth area North of 60 Mining News – January 29, 2021


Last updated 1/28/2021 at 2:43pm

Woodbine Ascot Resources Premier gold deposit Derek White British Columbia map

Ascot Resources Ltd.

One 2020 hole at Woodbine cut 1.7 meters averaging 29.6 g/t gold and 32.7 g/t silver.

Ascot Resources Ltd. Jan. 26 reported that drilling has tapped high-grade gold and silver in the Woodbine prospect about 800 meters west of the mill on its Premier Mine project near Stewart, British Columbia.

Located about 1,000 meters northwest of the 609 and 602 resource zones, the Woodbine prospect is separated from the main Premier deposit by the Cascade Creek fault.

Mineralization has been known in this area and small underground workings exist at two elevations at the western end of the prospect. Limited drilling around the old adits and a grid of soil geochemistry were available and utilized when Ascot planned the nine-hole drill program completed toward the end of 2020.

Highlights from this drilling include 1.73 meters averaging 29.6 grams per metric ton gold and 32.7 g/t silver in hole P20-2293 and 8.7 meters averaging 1.75 g/t gold and 148.3 g/t silver in hole P20-2295.

"The results from these initial Woodbine drill holes indicate that Premier style mineralization is present at multiple elevations with room for additional discoveries to the west and northwest, providing a great opportunity to expand the existing resource base of the project," said Ascot Resources President and CEO Derek White.

The success at Woodbine follows on drilling completed earlier this year that demonstrates the westward expansion potential of the main Premier deposit.

Highlights from 2020 drilling in this westward expansion area between Premier and Woodbine include six meters of 9.21 g/t gold and 6.9 g/t silver in hole P20-2183; 3.23 meters of 20.06 g/t gold and 39.7 g/t silver in hole P20-2193; and 24.15 meters averaging 3.74 g/t gold, including six meters of 40.78 g/t (1.31 oz/t) gold in hole P20-2202.

Ascot says the high-grade gold and silver intercepts at Woodbine are very encouraging and open up the area west of the Cascade Creek fault for further Ascot exploration.

Woodbine Ascot Resources Premier gold deposit Derek White British Columbia map

Ascot Resources Ltd.

The drill holes intercepted near-surface mineralization that is probably the cause of a prominent gold-in-soil anomaly close to one of the two drill pads used for the 2020 Woodbine drilling. Additional gold anomalies in the soil grid are located at higher elevation to the northwest.

Despite challenging topography, Ascot says it cleared additional pads to drill test selected soil anomalies next season.

"The drill results from Woodbine cap off a successful drilling season for Ascot," said White. "We are proud of the progress made during the 2020 field season despite the difficulties imposed by the COVID-19 pandemic and the long delays in receiving assay results. The company is interpreting all of the data gathered to date and will prioritize targets and announce plans for the upcoming field season."

Author Bio

Shane Lasley, Publisher

Over his more than 13 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

Email: [email protected]
Phone: (907) 726-1095


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