- Ascot Resources (TSX:AOT) has outlined its 2020 exploration programs at the Premier Gold and Red Mountain projects in British Columbia
- The company has identified four targets across both properties, Premier West, Silver Hill, Lost Valley and Woodbine
- Ascot has planned an initial 15,000-metre drill program across both properties, with meterage subject to expansion should results warrant it
- At Red Mountain’s Silver Hill prospect, the company will test a massive sulphide zone, where grab samples recently returned compelling gold grades
- Ascot Resources (AOT) is down 1.19 per cent and is trading at C$0.83 per share
Ascot Resources (TSX:AOT) has outlined its 2020 exploration programs at the Premier Gold and Red Mountain projects in British Columbia.
The company kicked off exploration at Premier in early June, performing prospecting, geophysics work and drill testing on a handful of targets. Similar work is also planned at Red Mountain.
The targets across both properties will be the Premier West, Silver Hill, Lost Valley and Woodbine exploration areas.
The company expects to drill at the Silver Hill and Lost Valley targets by early July, and then move back to lower elevations, following snowfall later in the season. The company has planned an initial 15,000-metre drill program across both properties, with meterage subject to expansion should results warrant it.
Ascot has already started drilling at the lower elevations of the Premier deposit, the site’s major deposit. The company has completed one drill hole already, and work on the second hole has begun. Assays are currently pending.
At Red Mountain’s Silver Hill prospect, the company will test a massive sulphide zone, where grab samples recently returned compelling gold grades.
Derek White, President and CEO of Ascot, believes this year’s exploration program contain several promising targets.
“After the infill drill program in 2019, we have shifted our focus towards exploration of new target areas while at the same time progressing the re-start of the Premier Mill.
“We are looking forward to sharing results from our upcoming field season with our shareholders,” he said.
Ascot Resources (AOT) is down 1.19 per cent and is trading at C$0.83 per share at 10:55 pm EDT.
