Apr 21 2015
Ascot is pleased to announce that it has commenced its 2015 drill program at Premier. The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag.
Drilling in 2015 will be concentrated in the Premier main zone and Premier west zone areas, following up on the highly successful 2014 drilling campaign which saw many multi ounce gold intercepts, the most spectacular of which was 14,394.5 grams per ton gold over 0.75 of a metre.
Ascot has recently received results from bench scale metallurgical test work for samples from Big Missouri and the Premier mine area conducted by ALS Metallurgy Kamloops. Three composite samples were tested with whole ore cyanide leaching at different grind sizes over 48 hour cycles. Gold recovery ranged from 90-96% while silver recovery ranged from 69-76% both showing little notable effect to grind size.
Leach extraction appears reasonably fast for gold with peak extraction after 6 hours while silver extraction was slower. Amenability of gravity concentration was also examined with overall gold recoveries of between 32% and 52% of the feed gold recovered. When gravity concentration was incorporated with cyanidation leaching a combined gold recovery of 93-97% was obtained, nominally better than whole ore leaching. The Premier ore contains areas of high zinc content and future work will include zinc flotation tests.
Graeme Evans, P. Geo and Lawrence Tsang, P. Geo are providing the field management for the Premier exploration program. Graeme Evans, designated as the Qualified Person (QP) as defined by National Instrument 43-101 has prepared the technical information in this news release.
On Behalf of the Board of Directors
ASCOT RESOURCES LTD.
John A. Toffan, President and Director
Source: http://www.ascotresources.ca/