Ascot Resources Ltd
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GOLD: Ascot raises $25M for Premier project
BRITISH COLUMBIA – Ascot Resources has announced a $25 million bought deal, led by Desjardins Capital Markets and Stifel GMP. The underwriters have agreed to purchase 29.4 million shares of the company at $0.85 per share for gross proceeds of…
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GOLD: Ascot feasibility shows strong economics for Golden Triangle projects
BRITISH COLUMBIA – Ascot Resources has released the results of a feasibility study for its wholly owned Premier and Red Mountain projects within the province’s Golden Triangle area, suggesting four underground mines at the Silver Coin, Big Missouri, Premier and…
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GOLD: Ascot raises $10M in private placement
BRITISH COLUMBIA – Ascot Resources has announced a non-brokered private placement of up to 7.8 million common shares and 5.1 million flow-through shares for gross proceeds of $10 million. The net proceeds of the offering will be used to fund…
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GOLD: High grades continue for Ascot at Silver Coin
BRITISH COLUMBIA – The latest results from the Silver Coin deposit at Ascot Resources’ Premier gold project continue to intersect high-grade mineralization at this zone. Drill highlights include: 6.69 metres of 30.81 g/t gold; 3.2 metres of 28.96 g/t gold;…
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GOLD: Ascot infills Big Missouri and hits more gold at Premier
BRITISH COLUMBIA – Ascot Resources has announced high grade intercepts from infill work completed on the Big Missouri deposit at its Premier gold project. Drill highlights include: 5.5 metres of 22.54 g/t gold; 2.1 metres of 24.9 g/t gold. Ascot’s…
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GOLD: Ascot reports high grade intercepts from Silver Coin deposit
BRITISH COLUMBIA – Ascot Resources released the results of 27 drill holes completed on the Silver Coin deposit at its Premier gold project. Drill highlights include: Hole P19-2079 returning 3.59 metres of 52.67 g/t gold starting at 103 metres Hole…
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GOLD – Ascot reports high grade intercepts from Prew zone at Premier
BRITISH COLUMBIA – Ascot Resources has released the results from infill 19 drill holes completed on the Prew zone at the company’s Premier gold project in northwest British Columbia. Drill intercepts of note include: Hole P19-2153 returning 37.95 g/t gold…
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GOLD: IDM uncovers new Lacasse zone at Red Mountain
BRITISH COLUMBIA – Vancouver-based IDM Mining reports it has discovered a new zone – Lacasse – at its Red Mountain gold project 15 km east of Stewart. Underground drilling also targeted multiple zones for resource expansion, conversion and further exploration.…
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GOLD: Ascot enters definitive agreement to acquire IDM Mining
VANCOUVER – Ascot Resources announced this week that it has entered into a definitive arrangement to acquire all of the issued and outstanding common shares of IDM Mining. In a press release, Ascot said that the goal behind the proposed acquisition is to…
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Ascot looks to write Premier mine’s third chapter
STEWART, B.C. — The existing infrastructure of Ascot Resources’ (TSXV: AOT; US-OTC: AOTVF) past-producing Premier-Dilworth gold project in northwestern B.C.’s Golden Triangle region is one of its greatest assets. “Underground mine, tailings facility, power, road, mill – we have it all,” Derek White,…
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GOLD: Ascot cuts 1,135 g/t over 0.50 metre at Premier
BRITISH COLUMBIA – Vancouver-based Ascot Resources can’t help hitting bonanza grades at its Premier gold project near Stewart. The latest huge assay is 1,135.00 g/t gold over 0.50 metre – a grade more common in silver mines. That result came…
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GOLD: Ascot planning $20M program at Premier project
BRITISH COLUMBIA – Ascot Resources of Vancouver was pleased with the results from the Premier project near Stewart, so pleased that it has committed $20 million to further exploration and underground development in 2017. A $13-million surface drilling program of…
