Ascot Resources (TSX:AOT) has reported the final set of assay results from its 2023 exploration drill program. This program was conducted at the company’s Premier Gold Project, which is situated on the Nisga’a Nation Treaty Lands within the Golden Triangle area of northwestern British Columbia, known for its mineral wealth. The announcement specifically relates to the Big Missouri deposit, located about six kilometres north of the Premier mill.
Derek White, President and CEO of Ascot Resources commented in a press release: “Our 2023 surface drilling program finished on a high note, with many planned stope shapes at Big Missouri being confirmed and, in some cases, expanded. We look forward to exploiting this material in the coming months and processing it at the Premier mill, where we anticipate starting pre-commissioning shortly. Similar confirmatory and expansion results were achieved in 2023 at the Prew Zone of the Premier Deposit, where underground access development is also being progressed. Overall, the 2023 drill program enhances our confidence in the geological model, which is all the more important as we become Canada’s next gold producer.”
The exploration drilling at Big Missouri, which forms part of the Premier Gold Project, took place from the beginning of August until the end of October 2023. During this period, a total of 72 holes were drilled from the surface, covering a cumulative length of 6,539 meters. The latest results come from 55 of these holes, spanning a distance of 5,293 meters. These holes were drilled from six different pads and included three holes at the Day Zone on the western side of Big Missouri Ridge.
The primary objective of this drilling exercise was to refine the shapes of various mining stopes. This was done by targeting additional pierce points and addressing gaps between stopes that resulted from previous drilling patterns. The drilling also aimed to explore extensions along the strike and up dip of the deposit. To provide a clearer understanding, the company included an overview of the drill hole locations (Figure 1), a summary of assay results (Table 1), and the coordinates for the drill pads (Table 2) in its report.
Figures 2 to 4 in the report provide cross-sectional views of the reported drill holes. Importantly, Figure 2 highlights a large stope shape that has been more precisely defined by the recent drilling. For instance, drill hole P23-2532 intersected a notable gold grade of 58.18 grams per ton (g/t) over a 1.99-meter section at a depth of 70.8 meters.
The Day Zone, situated on the western flank of the Big Missouri ridge, was a particular focus. Three drill holes, P23-2515 to 2517, were executed in this area. Previously, the company had identified gold mineralization over a 550-meter strike length at the Day Zone. The potential for further expansion was indicated by IP geophysics conducted in 2023, suggesting a possible extension of 800 meters. While the drilling did encounter gold grades as high as 7.7 g/t, these were not consistent, indicating that further exploration and drilling will be necessary. The next phase of exploration aims to investigate the 1,000-meter unexplored gap between the Day Zone and the Martha Ellen deposit to the northwest.
Concurrently, underground mine development is progressing at the Big Missouri site, particularly in areas targeted for stoping. These areas are included in the near-term mining plans of Ascot Resources, indicating that the company is moving forward with developing this part of the Premier Gold Project.
Highlights from the results are as follows:
Table 1 – Big Missouri drill results
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.
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 |
Ascot Resources (TSX:AOT) has announced that recent assay results showed the highest grade intercept since 2017 of 488 g/t Gold Over 1.0 metre at the Big Missouri Deposit. This is the third batch of assay results at the deposit as part of the 2022 drill program at the Premier Gold Project. Results come from surface drilling for in-fill and exploration purposes at the site. Big Missouri is located roughly six kilometres north of the Premier mill, a past-producing mill in the Golden Triangle of northwestern British Columbia.
Derek White, President and CEO of Ascot Resources, commented in a press release: “The Big Missouri deposit continues to impress with more bonanza-grade gold and additional occurrences of coarse, visible gold. The headline intercept of 488 grams per tonne is the highest-grade interval Ascot has drilled since 2017, and the fourth-highest assay ever recorded at Big Missouri. The drill holes from this release contain 20 assays over 10 grams per tonne gold. Many of the high-grade intercepts were encountered within or around existing stope shapes, and some high grades were encountered in gaps between stope shapes – further strengthening our confidence that there is more gold to be discovered outside the existing resource model at Big Missouri.”
Highlights from the results are as follows:
Note: True widths are estimated to be between 60% to 80% of reported interval widths.
Drilling for the 2022 exploration season at the Big Missouri deposit was completed in October, totaling 50 holes and 4,752 metres. Following the first two batches of 28 drill holes outlined in the news releases dated September 13 and October 27, 2022, this release summarizes the third batch of assay results from the next 18 drill holes for a total of 1,798 metres from surface pads BM–2/22 and BM–3/22. Drill holes were targeting several layers of gold mineralization at the A Zone and the Unicorn Area of the Big Missouri deposit in and around planned stopes to the north and northeast of the S-1 pit.
As summary of drill assays is shown in Table 1. An overview of drill hole locations is shown in Figure 1 and a cross section is shown in Figure 2. This release contains the assay results from the last 5 holes drilled from pad BM–2/22 and all 13 holes drilled from pad BM–3/22, approximately 200 metres to the northeast.
The results are headlined by hole P22-2445 which intercepted 488.00 g/t Au and 181.00 g/t Ag over 1.00m, within a broader interval of 62.76 g/t Au and 27.36 g/t Ag over 7.90m, starting from a depth of 90.00m. This is the highest-grade interval Ascot has drilled since 2017, and the fourth-highest assay ever recorded at Big Missouri. This intercept along with an interval of 12.30 g/t Au in hole P22-2438 occurs within a group of lower grade intercepts that had previously not been wireframed and will now constitute a new zone of mineralization. Similarly, holes P22-2431 and P22-2434 intercepted high-grade gold in a large gap area between stope shapes, indicating potential to add more mineralization as mining progresses.
Figure 2 shows where the new drill holes intercepted high-grade gold within and near planned stope shapes, reinforcing the current wireframe geometry. This is showcased by the 44.50 g/t Au intercept in hole P22-2441, the 26.00 g/t Au intercept in hole P22-2444, and the 21.30 g/t Au intercept in hole P22-2436.
The remaining outstanding assay results from the 2022 exploration drill season consist of 12 holes drilled from underground at Big Missouri, 4 surface in-fill holes near the S1 pit at Big Missouri, and 12 holes drilled from two surface pads at the Day Zone on the western side of the Big Missouri ridge. The Company anticipates the receipt of all outstanding assays in early 2023.
Table 1 – Big Missouri drill results
Hole # | Azimuth
/dip |
From
(m) |
To
(m) |
Width
(m) |
Au
(g/t) |
Ag
(g/t) |
P22-2431 | 30/-49 | 84.00 | 86.00 | 2.00 | 3.34 | 8.90 |
and | 105.12 | 109.72 | 4.60 | 5.84 | 5.59 | |
P22-2432 | 61/-49 | 91.00 | 92.00 | 1.00 | 3.35 | 7.90 |
and | 101.51 | 103.00 | 1.49 | 2.29 | 5.10 | |
P22-2433 | 71/-46 | 45.00 | 48.00 | 3.00 | 2.46 | 10.43 |
and | 53.87 | 59.00 | 5.13 | 1.83 | 5.41 | |
and | 73.16 | 75.36 | 2.20 | 1.59 | 4.00 | |
and | 83.00 | 84.00 | 1.00 | 3.72 | 4.40 | |
P22-2434 | 28/-35 | 36.50 | 38.10 | 1.60 | 1.21 | 6.10 |
and | 52.00 | 53.50 | 1.50 | 10.07 | 6.35 | |
and | 56.83 | 61.00 | 4.17 | 2.83 | 5.30 | |
and | 86.19 | 87.50 | 1.31 | 1.14 | 2.80 | |
P22-2435 | 98/-50 | 32.50 | 37.13 | 4.63 | 1.40 | 5.15 |
and | 88.00 | 90.00 | 2.00 | 1.09 | 2.30 | |
P22-2436 | 240/-44 | 29.00 | 33.50 | 4.50 | 8.62 | 11.33 |
incl. | 30.19 | 31.50 | 1.31 | 21.30 | 17.60 | |
and | 44.00 | 45.50 | 1.50 | 2.68 | 4.00 | |
and | 49.50 | 50.90 | 1.40 | 2.48 | 3.40 | |
P22-2437 | 250/-55 | 19.65 | 21.70 | 2.05 | 11.72 | 12.91 |
and | 34.65 | 36.45 | 1.80 | 1.11 | 3.90 | |
and | 44.95 | 46.15 | 1.20 | 1.15 | 9.30 | |
P22-2438 | 253/-64 | 21.07 | 24.37 | 3.30 | 6.11 | 17.97 |
and | 28.60 | 30.60 | 2.00 | 4.86 | 5.10 | |
and | 68.35 | 70.35 | 2.00 | 1.24 | 8.60 | |
and | 88.35 | 90.35 | 2.00 | 12.30 | 10.60 | |
and | 96.52 | 97.92 | 1.40 | 3.20 | 19.60 | |
P22-2439 | 274/-82 | 16.21 | 18.26 | 2.05 | 5.56 | 5.40 |
P22-2440 | 274/-88 | 12.70 | 14.67 | 1.97 | 1.68 | 5.90 |
and | 163.73 | 165.73 | 2.00 | 2.09 | 2.10 | |
P22-2441 | 272/-45 | 23.38 | 32.90 | 9.52 | 8.03 | 19.13 |
incl. | 31.90 | 32.90 | 1.00 | 44.50 | 109.00 | |
P22-2442 | 292/-45 | 29.40 | 40.20 | 10.80 | 6.26 | 8.13 |
incl. | 36.00 | 37.00 | 1.00 | 43.60 | 30.10 | |
P22-2443 | 313/-45 | 40.90 | 44.85 | 3.95 | 1.68 | 3.01 |
P22-2444 | 354/-45 | 26.00 | 40.50 | 14.50 | 6.75 | 12.44 |
incl. | 26.00 | 27.43 | 1.43 | 26.00 | 28.30 | |
and | 38.50 | 39.50 | 1.00 | 28.80 | 30.20 | |
and | 47.50 | 48.50 | 1.00 | 1.08 | 3.80 | |
P22-2445 | 205/-60 | 30.81 | 32.43 | 1.62 | 1.61 | 3.70 |
and | 80.00 | 83.58 | 3.58 | 8.34 | 2.83 | |
incl. | 80.00 | 82.00 | 2.00 | 13.55 | 3.80 | |
and | 90.00 | 97.90 | 7.90 | 62.76 | 27.36 | |
incl. | 92.00 | 93.00 | 1.00 | 488.00 | 181.00 | |
and | 112.00 | 115.00 | 3.00 | 30.98 | 9.35 | |
incl. | 113.00 | 114.00 | 1.00 | 90.70 | 19.75 | |
P22-2446 | 226/-50 | 19.00 | 24.19 | 5.19 | 4.77 | 13.72 |
and | 42.60 | 43.71 | 1.11 | 32.40 | 17.60 | |
and | 110.50 | 112.70 | 2.20 | 2.32 | 4.50 | |
P22-2447 | 233/-84 | 12.25 | 20.00 | 7.75 | 3.25 | 4.78 |
incl. | 14.00 | 16.00 | 2.00 | 7.41 | 6.60 | |
and | 41.54 | 43.70 | 2.16 | 2.89 | 2.00 | |
P22-2448 | 228/-70 | 18.87 | 24.85 | 5.98 | 6.32 | 34.44 |
incl. | 18.87 | 19.69 | 0.82 | 20.40 | 192.00 | |
and | 51.50 | 53.50 | 2.00 | 1.05 | 2.70 |
Note: True widths are estimated to be between 60% to 80% of reported interval widths.
Table 2 – Drill pad locations
Pad # | UTM N | UTM E | Elevation (masl) | Hole no. |
BM-2/22 | 436530 | 6219505 | 997.3 | P22-2431 to P22-2435 |
BM-3/22 | 436671 | 6219676 | 997.5 | P22-2436 to P22-2448 |
The Big Missouri deposit hosts a probable reserve of 809 kt grading 7.15 g/t Au and 12.2 g/t Ag and containing 186 koz Au and 317 koz Ag, an indicated resource of 1,116 kt grading 8.36 g/t Au and 16.9 g/t Ag and containing 300 koz Au and 607 koz Ag, and an inferred resource of 1,897 kt grading 8.34 g/t Au and 14.7 g/t Ag and containing 508 koz Au and 896 koz Ag. These reserves and resources are outlined in the NI 43-101 technical report entitled “Premier & Red Mountain Gold Project Feasibility Study NI 43-101 Technical Report, British Columbia”, dated May 22, 2020, with an effective date of April 15, 2020.
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