Ascot Resources is pleased to announce the second batch of assay results from the 2022 exploration drill program at the Company's Premier Gold Project. These results are from surface exploration drilling at the emerging Sebakwe Zone, approximately 600 metres east of the past-producing Premier mill. Highlights from the drill results include: 11.83 g/t Au and 56.3 g/t Ag over 2.73m, including 20.10 g/t Au and 82.4 g/t Ag [...]
Ascot Resources is pleased to announce the Company’s unaudited financial results for the three months ended June 30, 2022, as well as a summary of recent development highlights at the Company’s Premier Gold Project. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three months ended June 30, 2022, please see the Company’s filings on SEDAR [...]
Ascot Resources Ltd. is pleased to announce the first batch of assay results from the 2022 exploration drill program at the Company's Premier Gold Project, located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern BC. These results are from surface exploration drilling at the emerging Sebakwe Zone near the past-producing Premier mill, and with assays of up to 193 g/t gold, continue to [...]
Ascot Resources Ltd. reports that at its annual general meeting held, June 23, 2022, Ascot's shareholders approved by majority: to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; the Company’s three equity plans; and the philosophy and design of the Company’s executive compensation.
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 [...]
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