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Ascot Resources Ltd AOTVF


Primary Symbol: T.AOT

Ascot Resources Ltd. is a development and exploration company. The Company operates through two segments: the development of the Project and exploration and evaluation of Mt. Margaret. It is focused on re-starting the past producing Premier gold mine located in British Columbia's Golden Triangle. The Silver Coin, Big Missouri, and Premier deposits, collectively known as the Premier Gold Project (PGP) are located near the processing facility on the Premier Mine site. The PGP covers about 8,133 hectares (ha). Its Red Mountain Project (RMP) is located 23 kilometers (km), southeast in an adjacent valley. RMP consists of about 47 contiguous mineral claims for a total of approximately 17,125 ha. Its Premier and Red Mountain Gold Projects supply gold and silver ores to the process plant. It also has two other properties, including Swamp Point, an aggregate project located in British Columbia and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in United States.


TSX:AOT - Post by User

Post by Shadow10on May 26, 2024 1:08pm
173 Views
Post# 36058008

Commercial Production Is When The Sun Shines

Commercial Production Is When The Sun ShinesI am going to wait for the commercial production to start before i start getting excited about the share price. We all know that's when the rubber hits the road. If some people want to hash out what is happening with the share price, go ahead. When you listen to people who want to blame Derek White or David Stewart for the loss of the container off the ship that was bringing it over too Stewart or making a claim without backing it up or seeing it through a dark hole , go ahead.
Everybody knows that the share price moves when we get into the commercial production which will be in Q3 July.
As shareholders, I am sure you follow the exploration news diligently and know that results did not disappoint. We started at the Premier site with the Prew zone holes which yielded exceptional results of 33gpt Au over 4.9m and another hole hitting 23 gpt Au over 6.5m. Later in the season, while drilling at Big Missouri, we intersected the highest-grade intersection since 2015 of 692 gpt Au over 0.9m, within a longer section of 98 gpt Au over 6.5m. Overall, the 2023 results point out that planned zones for mining will likely encounter additional ore grade tonnage. We plan to kick off our 2024 exploration season in June and will be following up on significant intersections from the 2023 drilling, and also exciting new targets generated by the geophysics program we conducted last year.
It's going to Happen , and if people don't want to get in when the price is lower thats their problem.
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