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 [...]
Ascot Resources Ltd. is pleased to announce additional assay results from the 2021 exploration drill program at the Company's Premier Gold Project . This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill. Highlights from the drill results include: 58.60 g/t Au and 24.8 g/t [...]
Ascot Resources Ltd. is pleased to announce additional assay results from the 2021 exploration drill program at the Company's Premier Gold Project . This release summarizes assays from the Company's first two drill holes this year on the Sebakwe Zone near existing resources and the Premier mill building, along with an overview and background on the Sebakwe Zone itself. Highlights from the drill results include: 36.17 g/t [...]
Ascot Resources Ltd. is pleased to announce the receipt of the Mines Act Permit for construction and operation of the Premier Gold Project located in the Golden Triangle of northwestern British Columbia, along with an update on project development. The B.C. Ministry of Energy, Mines and Low Carbon Innovation has issued to Ascot the M-179 Mines Act Permit, enabling the restart of operations at PGP. In addition, Ascot [...]
Ascot Resources Ltd. is pleased to announce additional assay results from exploration drill holes from the 2021 drill program at the Company's Premier Gold Project . This release summarizes assays from the first drill hole at the Day Zone near the Big Missouri deposit and the balance of drill results from near the Premier deposit. Importantly, the new drill hole at the Day Zone has expanded mineralization approximately [...]
Ascot Resources Ltd. announces the Company's unaudited financial results for the three and nine months ended September 30, 2021 . For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and nine months ended September 30, 2021, please see the Company's filings on SEDAR . The Company is also pleased to provide an update on the status of [...]
Ascot Resources Ltd. announces that Mr. Robert Evans has decided to retire from the board after 32 years of service. Bob was one of the early founders of Ascot and was Chief Financial Officer of the Company from 1989 to 2017 as well as serving on the board. Ascot is pleased to announce the appointment of Ms. Indi Gopinathan to the board. Ms. Gopinathan brings 25 years of experience in the mining industry and capital [...]
Ascot Resources Ltd. is pleased to announce the Ball and SAG mills have been delivered to the Premier Gold Project and are being prepared for installation inside the mill building. The Company is also pleased to provide an update on the significant progress made as a part of the PGP Early Works program. EARLY WORKS PROGRAM HIGHLIGHTS Most Ball and SAG mill components, including the mill shells, have been delivered to site [...]
Ascot Resources Ltd. announces the Company's unaudited financial results for the three and six months ended June 30, 2021 . For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2021, please see the Company's filings on SEDAR . Derek White, President and CEO, commented, "Ascot's pace of advance continued in Q2 [...]
Ascot Resources Ltd. is pleased to announce additional high-grade results in step-out and exploration drillholes from the ongoing 25,000m drill program at the Company's Premier Gold Project . Before moving to higher elevations, drilling this season to date has focused on the area to the northwest of the Premier/Northern Light zones. High-grade gold was intercepted from multiple drill locations and at various depths [...]
Ascot Resources Ltd. and Nisga'a Nation are pleased to announce that they have entered into an updated Benefits Agreement which now encompasses both the Premier Gold Project and the Red Mountain Project . The updated Agreement replaces the former which only pertained to RMP . The comprehensive Agreement sets the basis for the long-term success of the Projects and how they will benefit Nisga'a Nation, its citizens, and [...]
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