Ascot Resources Ltd.

Ascot Resources Ltd. is pleased to provide an update on the development, financing, and exploration of the Premier Gold Project, located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern BC. Construction has been significantly advanced in many key project areas including detailed engineering, work in and around the mill building, the new water treatment plant clarifier foundation, the tailings [...]

Ascot Resources Ltd. is pleased to announce the Company’s unaudited financial results for the three months ended March 31, 2022. Ascot also announces the hiring of Bryant Schwengler as Vice President, Operations and General Manager, and as previously planned has commenced underground development work at the Company’s Premier Gold Project, located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of [...]

Ascot Resources is pleased to announce that the 2022 exploration drilling program has started at its Premier Gold Project, located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle. The Spring snow melt has enabled drilling to start almost one month earlier than last year. The 2022 exploration drilling program will comprise approximately 18,000 m and will be equally split between exploration and in-fill [...]

Ascot Resources Ltd. today provides an update on construction financing and development plans for its Premier Gold Project, the Company secured a US$80M senior credit facility with Sprott Private Resource Lending II. After drawing down the initial US$20M tranche under the Senior Facility, Ascot was required to satisfy various conditions before drawing down the remaining US$60M. However, the Company has been unable to [...]

Ascot Resources is pleased to announce the publication of the Company's inaugural Sustainability Report. This report will be updated annually and will evolve as Ascot progresses from development into production next year. The 2021 Sustainability Report can be accessed and downloaded at the address below. Derek White, President and CEO, commented, "Since this management team started in 2017, we have prioritized working [...]

Ascot Resources announces the Company's audited consolidated financial results for the year ended Dec 31, 2021. For details of the audited consolidated financial statements, Management's Discussion and Analysis, and Annual Information Form for the year ended December 31, 2021, please see the Company's filings on SEDAR. Derek White, President and CEO, commented, "Ascot continued to make solid progress on the project last [...]

Ascot Resources Ltd. is pleased to announce that it has closed its previously announced bought deal financing , including the full exercise of the over-allotment option. The Offering consisted of 28,610,000 common shares of the Company sold at a price of C$1.02 per Offered Share for aggregate gross proceeds of C$29,182,200; 12,831,000 hard dollar units of the Company at a price of C$1.02 per HD Unit for gross proceeds of [...]

Ascot Resources is pleased to announce the remaining assay results from the 2021 drill program at the Company's Premier Gold Project located in the Golden Triangle of northwestern BC. These drill holes targeted areas of early stopes at the Big Missouri deposit with the aim of refining stope geometry and orientation as well as expanding stope shapes where possible and gathering additional grade information. The drill holes [...]

Ascot Resources Ltd. has announced today that it has entered into an agreement with a syndicate of underwriters co-led by Desjardins Capital Markets and BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis approximately C$56 million of common shares and units of the Company . The Offering will consist of a combination of 28,610,000 Common Shares of the Company at a price of C$1.02 [...]

Ascot Resources Ltd. is pleased to provide an update on the Premier Gold Project located in the Golden Triangle of northwestern British Columbia with respect to progress to date and development plans in 2022. This release includes a detailed project schedule and an updated capital cost estimate for the project. Building on the success of the Early Works program in 2021, Ascot remains on track to commence full-scale [...]