Ascot Boosts Exploration Potential of the Premier Property With Positive IP Geophysics Program Results - Seite 2

Sebakwe Zone
The IP grid to the west of the Sebakwe zone at the Premier Deposit (Figure 2) shows anomalous chargeability responses on all six profiles varying from deep and flat lying in the east to steeply dipping in the area between the mill and the Granduc road (Figure 3). The new profiles have established approximately 1,000 metres of anomalous response beyond the westernmost drill holes at the Sebakwe Zone.

Figure 2 – Northeast looking 3D view of IP cross sections stepping out west from the Sebakwe Zone

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Figure 3 – IP profile 2 showing strong chargeability anomaly approximately 1,000 metres west of recent Sebakwe Zone drilling

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Day Zone
The Day Zone, initially discovered in 2020, is located on the western side of the Big Missouri Ridge, approximately 5 kilometres north of the Premier mill. Given the growing number of high-grade intercepts encountered in this area and its proximity to Big Missouri, the Day Zone is one of the most compelling targets for resource growth and potential mine life extension.

The second IP grid targeted the northern extension of the Day Zone (Figure 4), an emerging zone of mineralization that Ascot has been tracing by drilling over the last two years. The southernmost profile (Figure 5) shows a chargeability anomaly associated with the northernmost drill pad at the Day Zone. Subsequent profiles to the north show a similar anomalous response over approximately 800 metres of strike length. The northernmost profiles of the grid also show a deeper response that remains untested and is therefore undefined in its character.

Figure 4 – East looking 3D view of IP lines stepping out north from the Day Zone and showing potential 800 metre extension where a lack of historical drilling has been done

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Figure 5 – IP profile 10 showing strong IP signature where the Day Zone was drilled in 2022

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Dilworth Deposit
The northernmost IP grid covers the Dilworth deposit and its surroundings, an area of the property that is underexplored at this point in time. Dilworth mineralization shows up in near surface anomalies but the most significant outcome of the survey is a blind chargeability anomaly to the west of the Dilworth deposit that extends over a strike length of approximately 2,000 metres and appears to be open in both directions (Figure 6). Figure 7 shows an individual profile from the grid and a group of drill holes from 2008, one of which intercepted anomalous gold mineralization (hole HL08-18 intercepted 3.21g/t Au over 2.33m starting at 237m depth) at the stratigraphic contact between andesitic volcanics and deeper argillite. Outside of this drill hole, the anomalous zone is untested by drilling.