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By Shane Lasley
Mining News 

Ascot drills bonanza gold at Premier

Cuts 1m of 193 g/t gold in the new Sebakwe zone near the mill North of 60 Mining News – July 15, 2022

 

Last updated 7/21/2022 at 2:50pm

A drill tests for gold and silver at Ascot Resources’ Premier Mine, BC.

Ascot Resources Ltd.

Based on visible gold and other visual indicators from the core at Sebakwe, Ascot decided to drill an additional 2,000 meters in this zone near the Northern Light and Premier deposits.

Ascot Resources Ltd. July 14 reported that this year's drilling has cut bonanza grade gold at the emerging Sebakwe zone on the Premier mine project in the Golden Triangle region of British Columbia.

Located less than 600 meters southwest of the mill being refurbished and updated at Premier, Sebakwe appears to represent an unmined structure immediately north of the Northern Light and Premier deposits.

Highlights from two holes drilled at Sebakwe during the 2021 program include:

One meter averaging 29.6 grams per metric ton gold and 5.3 g/t silver from a depth of 328.5 meters in hole P21-2385.

7.1 meters averaging 36.17 g/t gold and 20.6 g/t silver from a depth of 368.3 meters in hole P21-2385.

0.9 meters averaging 39 g/t gold and 25.8 g/t silver from a depth of 324.5 meters in hole P21-2386.

Ascot kicked off its 2022 drill program at Premier with holes targeting the expansion of the high-grade gold discovered at Sebakwe last year. Highlights from the first six holes of this drilling include:

One meter averaging 25.9 g/t gold and 21 g/t silver from a depth of 413 meters in hole P22-2389

One meter averaging 193 g/t gold and 41.8 g/t silver from a depth of 315 meters in hole P22-2393.

4.5 meters averaging 4.77 g/t gold and 18.2 g/t silver from a depth of 331 meters in hole P22-2393.

Three meters averaging 17.78 g/t gold and 20.1 g/t silver from a depth of 366 meters in hole P22-2393.

A gold-speckled section of core from drilling at Ascot’s Premier Mine project.

Ascot Resources Ltd.

Abundant visible gold in the core from hole P22-2393 drilled into the Sebakwe zone at Premier.

"The Sebakwe Zone continues to impress with its high-grade pedigree and growth potential," said Ascot Resources President and CEO Derek White. "In such a short timeframe, Ascot has now defined visual mineralization at the Sebakwe Zone in multiple parallel vein structures over a strike extent of 70 metres and a vertical extent of 120 metres."

Ascot had originally planned to complete roughly 4,000 meters of drilling in 10 holes at Sebakwe this year, but, given the visible gold and visual indicators in the core from this drilling, the program was expanded to 6,091 meters in 15 holes.

"Given its proximity to the Premier mill and planned underground mine development, Sebakwe is a compelling target for low-cost, accretive resource growth," White added. "The geometrical similarities to the Premier and Northern Light deposits adjacent to the south are so far reaffirming our hypothesis that the Sebakwe Zone is a third parallel mineralized structure."

Assays are pending from an additional nine holes drilled at Sebakwe.

Author Bio

Shane Lasley, Publisher

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Over his more than 16 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.

 

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