Ascot Resources (TSX: AOT)
After careful consideration, the Company has decided that, to enable sufficient mine development, it will suspend operations.
Ascot will focus on mine development until the combination of the Big Missouri and PNL mines can sustainably deliver enough ore feed to profitably run the operation. The Company’s intention is to seek funding to complete the necessary mine development. Continue reading
Ascot Resources (TSX: AOT)
Announced second quarter production results and provides a commissioning update at the Company’s Premier Gold Mine (“Premier”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Continue reading
Ascot Resources (TSX: AOT)
Announced that the Company has closed the second of two tranches of the C$5 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project in the prolific Golden Triangle of British Columbia. Continue reading
Mining Review 28th April 2024
It’s been a busy week for our watchlist companies, with one deal disappearing as quickly as it came as Gold Road withdrew from the Greenstone Mines bid, and then Equinox Gold stepped in and took it for themselves.
G Mining Ventures announced a combination with Reunion Gold, based in Guyana.
Ascot Resources (TSX: AOT)
Poured first gold as a part of the commissioning process at the Premier gold project, located in the Golden Triangle of northwestern British Columbia.
The first gold pour was achieved from gold recovered through the gravity circuit. Continue reading
Mining Review 14th January 2024
Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicarague and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on additional exploration across their projects.
Calidus, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts. Continue reading
Ascot Resources (TSX: AOT)
Announced the fourth and final batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project, in the prolific Golden Triangle of northwestern British Columbia. Continue reading
Mining Review 5th November 2023
Gold popped back up close to the US$2,000 level, on fear of a rout in bonds.
Ascot Resources reported a high grade gold intercept, the best for 8 years near their Premier Mine, i-80 Gold reported operating results, Eloro completed some metallurgical testing, and Calidus and SQM started exploring for lithium at Tabba Tabba. Continue reading
Ascot Resources (TSX: AOT)
Announced the third batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
This release summarizes the initial batch of assay results from this season’s surface drilling program for in-fill and exploration purposes at the Big Missouri deposit, approximately six kilometres north of the Premier mill. Continue reading
Mining Review 29th October 2023
Gold is over $2,000 as the Gaza situation spirals out of control and the threat of a wider regional conflict increases.
Ascot Resources, Calidus Resources, and Marathon Gold released excellent news this week. Continue reading
Ascot Resources (TSX: AOT)
Announced the second batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
These are the final results from surface drilling for in-fill and exploration purposes at the Prew Zone in the Premier deposit, southeast of the Premier mill. Continue reading
Market Review September 2023
West Red Lake Gold Mines is the company in the spotlight this month.
The best performing Watchlist stocks were Lithium Power International and UEC.
10 Year Treasury yields and the US dollar strength continue to push down the price of precious metals, with FED predictions of “higher for longer”. Continue reading
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
Ascot Resources (TSX: AOT)
Announced the first batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
These results are from surface drilling for in-fill and exploration purposes at the Prew Zone in the Premier deposit, southeast of the Premier mill. Continue reading
Market Review August 2023
The August 2023 Market Review has been published. It features comments on Karora Resources, Neometals, and Orla Mining, plus news snippets from other companies.
The review also provides market data for commodity prices. Continue reading
Mining Review 20th August 2023
A poor week for the mining juniors, with the price of gold falling due to anticipation of further FED rate increases, causing a strong US dollar.
Karora Resources reported record production sales and revue, and Newcore Gold and Silver Tiger reporting good drill results. Continue reading
Mining Review 4th June 2023
Once again the price of gold is tumbling after renewed FED hawkish comments about further interest rate rises.
Comments on Ascot Resources, Gold Road Resources, Minera Alamos, Neometals and Pacgold. Continue reading
Ascot Resources (TSX: AOT)
Announced the Company’s unaudited financial results for Q1 2023, and also provided a construction update on the Company’s Premier Gold Project
As of Q1 2023, detailed engineering stands at 99% complete, major procurement is over 95% complete, and project construction excluding mine development is at 35%. Continue reading
Ascot Resources Ltd. (TSX: AOT)
Announced a C$4.0 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2023 exploration program at the Company’s Premier Gold Project , located in the prolific Golden Triangle of northwestern British Columbia. Continue reading
Mining Review 29th January 2023
Gold and copper had a good week, and tin had an exceptional week, as the markets became more positive about the Chinese economy.
Ascot Resources, Cartier Resources, Karora Resources, and Westhaven Gold all announced good drill results. Continue reading
