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Ascot Discovers Highest-Grade Gold Intercept in Six Years at Big Missouri Deposit: 692 g/t Gold Over 0.9 Metres

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Ascot Resources Discovers Highest-Grade Gold Intercept at Big Missouri Deposit Since 2015

Ascot Resources Ltd. has announced the results of their 2023 exploration drill program at the Premier Gold Project in northwestern British Columbia. The company reported the highest-grade gold intercept in six years at the Big Missouri deposit, with a measurement of 692 g/t gold over 0.9 meters. This intercept is the second highest-grade drill result at Big Missouri and the highest-grade property-wide intercept since 2015. The drill program focused on in-fill and exploration purposes, targeting stopes, pierce points, and extensions along strike and up dip. The initial batch of assay results from the program includes seventeen holes, with notable intercepts including 98.84 g/t Au over 6.48 meters and 22.30 g/t Au over 9.72 meters.

Implications of the Discovery

The discovery of the highest-grade gold intercept at Big Missouri in six years is a significant milestone for Ascot Resources. It showcases the potential for high-grade mineralization at the Premier Gold Project and highlights the value of ongoing exploration efforts. This discovery provides valuable information for mine planning and development, as well as potential opportunities for early exploitation of the high-grade material.

Future Prospects

With the completion of the surface drill program, Ascot Resources looks forward to releasing assay results over the coming months. The company's commitment to safe and responsible development, in collaboration with the Nisga'a Nation, demonstrates their dedication to sustainable mining practices. As Ascot continues to explore its properties for additional high-grade underground resources, the discovery at Big Missouri sets a positive tone for future prospects and the advancement of the Premier Gold Project.
Quality Assurance and Qualified Person
Ascot Resources maintains a rigorous quality-assurance and quality-control program for their exploration activities. Analytical work is conducted by ALS Canada Ltd., and the company utilizes analytical blanks, certified reference material standards, and duplicate samples to ensure accuracy and precision. Lawrence Tsang, P.Geo., the company's Exploration Manager, provides field management for the exploration program, while John Kiernan, P.Eng., Chief Operating Officer, serves as the Qualified Person. In conclusion, Ascot Resources' discovery of the highest-grade gold intercept at the Big Missouri deposit since 2015 is a significant achievement. This finding underscores the potential for high-grade mineralization at the Premier Gold Project and demonstrates the company's commitment to responsible mining practices. As Ascot continues to explore and develop its properties, this discovery sets a positive trajectory for future growth and success.

Hot Take on Ascot Resources' Discovery

Ascot Resources' recent discovery of the highest-grade gold intercept at the Big Missouri deposit since 2015 is a game-changer, not only for the company but also for new businesses in the mining sector. This discovery underscores the immense potential that lies within the Premier Gold Project, and the high-grade mineralization found could be a significant boon for new businesses looking to invest or partner in the mining industry.

Implications for New Businesses

For new businesses, this discovery offers a wealth of opportunities. It could lead to potential partnerships and collaborations, especially with Ascot's commitment to sustainable mining practices. Furthermore, the company's rigorous quality-assurance and quality-control program, which ensures accuracy and precision in their exploration activities, sets a high standard for new businesses in the sector.
Future Prospects and Growth
The discovery at Big Missouri sets a positive tone for the future prospects of the Premier Gold Project and the mining industry as a whole. As Ascot continues to explore and develop its properties, new businesses can anticipate a positive trajectory for growth and success in the sector. This discovery could potentially drive more investment and innovation in the mining industry, providing a significant boost for new businesses.
Story First Published at: https://financialpost.com/globe-newswire/ascot-drills-its-highest-grade-intercept-since-2015-692-g-t-gold-over-0-9-metres-at-the-big-missouri-deposit
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