Ascot Resources Ltd. is pleased to announce that, subject to regulatory approval, it will undertake a best efforts combination of a brokered and non-brokered private placement offering of units and common shares which qualify as “flow-through shares” of the Income Tax Act ) to accredited investors for aggregate gross proceeds of C$10,000,000 . Each Unit is offered at a price of C$0.70 and includes a common [...]
Ascot Resources Ltd. is pleased to announce that Phase 1 of its 2019 drilling program at the flagship Premier Project, located near Stewart, British Columbia commenced on April 17. This initial program will consist of drill testing exploration targets, step out drilling from known mineralization and upgrading of resources in priority areas of the property. “Commencing drilling is the first step in an aggressive 2019 [...]
Ascot Resources Ltd. and Nisga’a Nation are pleased to announce that they have entered into a Benefits Agreement through Ascot’s wholly-owned subsidiary IDM Mining Ltd. for the Red Mountain Underground Gold Project , located within the Nass Area, approximately 15 kilometers northeast of Stewart, BC. The comprehensive Agreement sets the basis for a long-term success of the Project, which will benefit [...]
Ascot Resources Ltd. and IDM Mining Ltd., announce that they have completed their previously announced plan of arrangement under the Business Corporations Act, pursuant to which Ascot acquired all the issued and outstanding common shares of IDM, and, in exchange, shareholders of IDM received 0.0675 of a common share of Ascot for each IDM Share held. The Arrangement consolidates Ascot’s Premier gold project and [...]
IDM Mining Ltd. is pleased to announce that the securityholders of IDM have voted in favour of the necessary resolutions for the arrangement between Ascot Resources Ltd. and IDM previously announced on January 7, 2019. Pursuant to the terms of the Arrangement, Ascot will acquire all of the issued and outstanding common shares of IDM and, in exchange, shareholders of IDM will receive 0.0675 of a common share of Ascot for [...]
Ascot Resources Ltd. is pleased to announce that it has entered into a subscription and note agreement related to a convertible loan for gross proceeds of US$10 million split between Sprott Private Resource Lending , LP and Resource Income Partners Limited Partnership for US8.83M and US$1.17M respectively. As previously announced on January 7, 2019, the Note will mature in two years with an interest rate of 8% or 8.5% and [...]
Ascot Resources Ltd. and IDM Mining Ltd. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Ascot will acquire all of the issued and outstanding common shares of IDM. Each IDM shareholder will be entitled to receive 0.0675 of a common share of Ascot for each share of IDM held. The Transaction will consolidate Ascot’s Premier Gold project and IDM’s Red [...]
Ascot Resources Ltd is pleased to announce the release of the Bureau of Land Management Decision Record for Hardrock Prospecting Permit Applications with a Finding of No Significant Impact related to two prospecting permits that were submitted by Ascot USA, Inc. regarding its Mt. Margaret property, a porphyry copper-molybdenum-gold-silver deposit located 22.5 kms southwest of Randle, Washington in Skamania County [...]
667,000 ounces of gold and 2.34 million ounces of silver in the Indicated category 1.39 million ounces of gold and 4.65 million ounces of silver in the Inferred category Ascot Resources Ltd is pleased to announce an updated resource estimate for its flagship Premier Project in British Columbia’s Golden Triangle. The resource includes high-grade zones from the Premier and Northern Lights, Big Missouri , Martha Ellen [...]
Ascot Resources Ltd is pleased to announce that confirmatory metallurgical test work on six new composites from the Premier/Northern Lights, Big Missouri and Silver Coin deposits produced outstanding gold recoveries over a range of grind sizes utilizing a gravity and leach process. Derek White, President and CEO of Ascot Resources commented, “We are very excited about the test results on metallurgical recoveries [...]
Ascot Resources Ltd is pleased to announce that it has completed a 13,500-metre induced polarization survey consisting of eight profiles. The survey identified multiple high priority chargeability anomalies. Derek White, President and CEO of Ascot Resources commented, “We are extremely pleased with the results of the IP survey. The high-resolution survey consists of over 20,000 individual data points and the [...]
Ascot Resources Ltd is pleased to announce that diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Missouri ridge. Highlights of this release include: 1.57m of 80.22g/t Au and 30.0g/t [...]
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