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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

Comment by molly4on Jan 22, 2021 3:13pm
178 Views
Post# 32361467

RE:RE:RE:RE:Time Line

RE:RE:RE:RE:Time LineI thought it was excellent because it gave anyone an opportunity in a relaxed forum to ask questions to Derek.  I was in the chatroom for an hour(i missed the first half hour) and most of the time there was about 18 people in the room.  He confimed that the permitt application was very imminent.  He also confirmed that the SAMS engineering would likely be done in February.  They had wanted to go to Quebec to see it first hand at Eldorado's site but with Quebec's crackdown on Covid they couldnt.  To me Derek was quite excited for SAMS as who wouldnt be.  It is going to increase grade and throughput on already existing numbers and add minimum 5 years of mine life.  That is huge if one just does a bit of math.  Lasytly I DO NOT guage anything by day to day nuances with the stock.  I could give a hoot.    I have been a shareholder for quite some time and am here for the end game, which I have no doubt will be a great return, even considering the time that I have owned.  I dont care about anyones opinion.  If you want to hate the management have at it.  I politely disagree with you all but I guess if the day to day trading drove me I guess I may not be happy either  This management team has done a lot in the short time  they have been running the comapny.  WE have a fantastic resource which will slam dunk be a lot better with SAMS and some infill drilling and a bunch more exploration drilling. Their expertise will restart Premiere efficiently.  My only complaint is I wish we had a bigger exploration program,  As a side note a buddy attended the virual open house yesterday and he spent the whole time in the Government chatroom.  He said that they basically said they are very pro mining and as long as a mine plan didnt effect water supply and quality, they were completely onside with any development.  The minister also mentioned Ascot by name as did the Premier, I am told, In his opening remarks of the conference at the beginning of the week.  That tells me that our guys have done a good job in preparing the mines act ammendment.  I hear the submission is over 10,000 pages long.  In this day and age, detail is paramount in getting approval and I am very confident our guys have all the t's crossed and i's dotted.  God on them.  Hang in there, it will get there.  
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