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 [...]
Ascot Resources Ltd. is pleased to announce that the Company has completed the previously announced purchase of the Silver Coin property located immediately adjacent to Ascot’s Big Missouri project in northwestern British Columbia held by Jayden Resources Inc. and Mountain Boy Minerals Ltd. . Image of the Big Missouri ridge, including Silver Coin Derek White, President and CEO of Ascot, commented [...]
Ascot Resources Ltd. is pleased to announce that the sale to Ascot of all of the issued and outstanding common shares of Jayden Resources Inc.’s wholly-owned subsidiary, Jayden Resources Inc. which holds an 80% interest in the Silver Coin property, passed via a special resolution by an overwhelming 99.48% today at the Special Meeting of Shareholders held by Jayden Resources Inc. The transaction, previously announced [...]
Ascot Resources Ltd. is pleased to announce that the Company has completed the previously announced purchase of the Premier Property held by Boliden Limited located in Stewart, BC. Derek C. White, President and CEO of Ascot Resources Ltd., commented, “We are pleased to have successfully closed this transaction and look forward to the successful integration of the recently announced Silver Coin Property , expanding [...]
Ascot Resources Ltd. is pleased to announce that drilling at the North Star prospect has intercepted high-grade gold mineralization with individual intervals greater than 10g/t gold in every drill hole that was completed. Additional high-grade intercepts were added in the Big Missouri zone. Ten holes were completed at the Martha Ellen prospect. Highlights of this release include: 8.90m of 9.85g/t Au and 104.8g/t Ag in [...]
Ascot Resources Ltd is pleased to announce that further to its press release dated September 7, 2018, it has closed the non-brokered private placement of 3,000,000 flow-through common shares at a price of C$1.00 per FT Share for gross proceeds of C$3,000,000 . In connection with the Offering, the Company paid finder’s fees in cash in the amount of $190,125 equal to 6.5% of the $2,925,000 raised by the finders and [...]
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