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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 Forbesa13on Apr 01, 2021 3:33pm
233 Views
Post# 32924616

What's Done is Done

What's Done is DoneThe mill is financed, the permit is moving along, and while I'm not happy with how the money was raised, it should put the issue to bed. The only way to get back what we've 'lost' here is by drilling. They need to find more gold, at high grades, and near the existing infrastructure to feed the mill the first couple of years until mining starts on Red Mountain. They have plenty of money now and so there's no excuse not to have an extensive drilling program this summer, hopefully their biggest yet, with both infill and exploratory drilling. This is is the only way to counter all the dilution that's gone on here of late.

Last years drilling program was terrible - for a number of reasons, Covid included - they'll have to be better this year. 
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