11 MARCH 2023 WorldWide Drilling Resource® Premier Gold Project Marks a Successful Year Adapted from Information by Ascot Resources Ascot Resources has been making strides in its Premier Gold Project located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of British Columbia. Over the last year, construction has significantly advanced in many key project areas. The project kicked off with drilling and blasting to create a portal. Once mine services such as compressed air, water, and ventilation were established, underground ramp development followed. Good rock quality contributed to steady advance rates. Exploration and infill drilling also began last year, comprising approximately 59,000 feet equally split between exploration and infill holes. Exploration drilling has mainly been concentrated on the Sebakwe and Day Zones, while infill drilling has focused on further defining the orebody in the Big Missouri deposit. According to Derek White, president and CEO of Ascot, a borehole in the Sebakwe Zone intercepted gold “representing the highest grade drilled by Ascot in recent years.” He said, “The Sebakwe Zone continues to impress with its high-grade pedigree and growth potential.” Other key advancements in the project involved establishment of surface facilities including ventilation, water supply and handling, material handling and stockpiles, offices, and satellite communications. Underground developments such as muck bays, sumps, and ore access drift were also completed, along with the main ramp. Many other activities are planned for the Premier Gold project in the near future. These include: k Completion of an optimized life of mine plan. k Advancement of underground ramp development with target delivery of ore for pre commissioning by late 2023. k Completion of a site preservation plan. k Stope definition drilling at Big Missouri, from both surface and underground. k Underground diamond drilling to probe additional historical openings. k Health and safety initiatives related to screening and construction protocols. Production is expected to begin between late 2023 and early 2024. Mine portal development. Drilling and blasting operations. Visible gold intercepted in the Sebakwe Zone. EXB
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