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Ascot Resources Ltd T.AOT

Alternate Symbol(s):  AOTVF

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 wildhorse65on Sep 01, 2020 12:11pm
222 Views
Post# 31486769

Mines Act Amendment Permit

Mines Act Amendment PermitI emailed the company to ask about the Mines Act Amendment Permit. They are still working on it as it is about 10,000 pages. They hope to submit the application in Q4 (pretty sure Sept was the original timeline but no mention of that). They are working with the Nisga'a Nation and BC mining ministry. Once it has been submitted it can take "6-8-12 months" to come back. I asked about potential hurdles and they said, once it's submitted it's out of their hands. So, by my asessment, if all goes well we might be permitted in 18 months. I'm not sure what they do if there is an issue, and I'm not sure what the timeline is to be mining and pour the first bar after approval, should there be no problems in the process. 
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