Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.
Issue link: http://digital.canadawide.com/i/756078
W inte r 20 1 6 19 tonnes grading 17.0 grams per tonne gold). The program also added indicated mineral resources, so that measured and indicated mineral resources in the VOK now total 9.1 million ounces of gold (16.4 million tonnes grading 17.2 grams per tonne gold). The 2016 figure represents an increase from the December 2013 estimate of measured and indicated mineral resources of 8.7 million ounces of gold (15.3 million tonnes grading 17.6 grams per tonne gold). The VOK is open to the east and west along strike, and at depth. Ovsenek says the Brucejack project is a sign of success not only for Pretium, but also for the entire B.C. mineral exploration sector. "Brucejack is the only gold mine under construction in B.C. at this time," he says. "It runs against the negative trend the industry has been experiencing. And it shows that even in a downturn a project can move forward successfully." Ascot Resources has the Premier property in northwestern B.C. The project, which covers more than 100 square kilometres near the town of Stewart, includes the old Premier Mine, a past producer of 2.1 million ounces of gold and 44.9 million ounces of silver. "The Premier property is linked with the adjacent Dilworth property," says Ascot consulting geologist Graeme Evans. "Together they constitute an enormous epithermal system that is similar to the Brucejack deposit. Its amazing continuity means it has both high-grade and bulk tonnage potential." Ascot earns 100 per cent of each property on completion of all payments, the last of which is due in June 2017. Ascot is working on its expanded 2016 drill program at Premier. The company has five diamond drill rigs operating, and it says good results are being returned in all areas. In the latest results that have been announced, Ascot said hole P16- 1064 in the West Zone area intersected an uncut average of 76.30 grams per tonne gold over a core length of one metre within a broader interval grading 8.83 grams per tonne gold over 11 metres. Ascot also received positive results from Premier's Northern Lights area, which has seen relatively little previous exploration. The latest results from Northern Lights include P16-1078, which intersected an uncut average of 52.30 grams per tonne gold over a core length of 1.15 metres within a broader interval grading 3.02 grams per tonne over 52.50 metres. "Premier will probably become one of the next projects developed as a mine in northwestern B.C.," Evans says. The lesson is clear, he says. "Don't underestimate the potential of old mines. And don't be too quick to write them off." Agnico Eagle Mines.indd 1 2016-10-24 9:56 AM