The Day occurrence, which is located 400 metres west of the Big Missouri deposit, lies within south-southeast striking, moderately dipping andesite, agglomerate and lapilli tuff, with interbedded cherty tuff and argillite of the Lower Jurassic Unuk River Formation. (See Big Missouri (104B 046) for enhanced geology).

The sulphide mineralization likely consists of pyrite, sphalerite and galena within sericitized andesite and argillite. In 1934, an adit was driven from this area to access the Province zone of the Big Missouri deposit.

In 2010 Ascot drilled one hole (P10-111) totalling 425.81 metres into the Day zone that was designed to drill through a fault into the zone and then continue to check the depth potential of the Big Missouri zone. Two low-grade but wide zones of 0.2 grams per tonne gold each were identified at the top of the drill hole (Assessment Report 32357). Depending on the dip of the mineralization in the Province zone (104B 147), it is postulated that these may be the continuation of the Province zone due to similar orientation and the encountering of two mineralized intervals. Mineralization below these zones is poor, with no observed alteration or mineralization that could represent the Big Missouri zone.

In 2012, diamond drilling yielded intercepts of up to 0.84 gram per tonne gold and 1.5 grams per tonne silver over 122 metres, including 2.14 grams per tonne gold and 1.5 grams per tonne silver over 38.43 metres in hole PR-12-316 (Puritch, E. (2013-03-27): Technical Report and Resource Estimate for the Big Missouri and Martha Ellen Deposits, Premier Gold Property).

Work History

Ascot Resources Ltd conducted exploration on the Dilworth Property in 2007 and 2008 and subsequently acquired the Premier Gold Property from Boliden Ltd under the terms of a 2009 option agreement. Ascot conducted programs on various zones in the Big Missouri mine area and drilled one hole on the Day zone totalling 425.81 metres.

See Big Missouri (104B 046) for details of a common work history.