BRITISH COLUMBIA – Ascot Resources of Surrey, BC, has begun an infill drilling program at its Premier gold-silver project north of Stewart. The goal is to determine the bulk sample potential of the property.
The company is concentrating its efforts exclusively on the historic Premier mine and area. The former mine produced 2.1 million oz of gold and 44.9 million oz of silver.
Ascot's current program calls for 28 holes at 10-metre intervals to test a structural zone that ranges from 30 to 150 metres in thickness. The zone contains mineralized quartz stockwork with one or more higher grade quartz-breccia bodies at its core. The system has a known strike length of more than 1,600 metres and dips to 1,500 metres. It has been only sporadically tested from underground as long ago as the 1920s and '30s.
Drilling on the property last year returned as much as 14,394.5 g/t Au over 0.75 metre. That and several other +1,000-g/t intersections were made over an area having a 50-metre strike length and a thickness of about 1.0 metre. Hole P15-802, drilled this year, cut 223.00 g/t Au over 1.07 metres.
Readers might enjoy the Premier property map at AscotResources.ca.