Mining Review 13th November 2022

Mining Review 13th November 2022

City Investors Circle weekly Mining Review reports healthy rises in gold and silver as the US dollar fell back as US bond yields fell. Base metal prices rose on the back of Chinese covid lockdown relaxations.

Calidus Resources and i-80 Gold reported exploration results, Ascot Resources, Colonial Coal, and Wesdome Gold Mines reported Q3 financial results. Continue reading

Ascot Reports Third Quarter 2022 Results

Ascot Resources (TSX: AOT)

Announced the Company’s unaudited financial results for the three months ended September 30, 2022 (“Q3 2022”), as well as a summary of recent development highlights at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia. Continue reading

Mining Review 23rd October 2022

Mining Review 23rd October 2022

A better week for gold and silver, and their associated ETFs, but industrial metals were mostly static. Lithium reached a new all time high in China.

Ascot Resources, Cyprium Metals, Eloro Resources, Nouveau Monde, Radisson Mining and Wesdome all reported news this week.  Continue reading

Ascot Expands the Sebakwe Zone to 350m

Ascot Resources (TSX: AOT)

Announced the second batch of assay results from the 2022 exploration drill program at the Company’s Premier Gold Project located in the prolific Golden Triangle of northwestern British Columbia.

These results are from surface exploration drilling at the emerging Sebakwe Zone, approximately 600 metres east of the past-producing Premier mill.  Continue reading

Mining Review Sunday Update 14 Aug 2022

Mining Review 14th August 2022

A busy week for news in the mining space, and gold pushed back to finish the week at US$1805 Oz.

Wiluna Mining made the headlines for the wrong reasons, whereas Calidus Resources, Impact Minerals, Orla Mining, and UEC made news for diverse positive reasons.  Continue reading

Ascot Resources to “Seek New Financing Options”

Ascot Resources Ltd.(TSX: AOT)

Provides an update on construction financing and development plans for its Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.

Ascot and Sprott Private Resource Lending have failed to come to agreement regarding the conditions for the continuation of their funding arrangement, and as a result, Ascot are seeking alternative sources of funding for the remaining C$60 million of project finance.  […]  Continue reading

Ascot Resources Announces C$56 M Bought Deal

Ascot Resources Ltd. (TSX: AOT)

Announced 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. Continue reading

Ascot Drills High-Grade Gold at Big Missouri

Ascot Resources (TSX: AOT)

Announced assay results from the 2021 drill program at the Company’s Premier Gold Project located in the Golden Triangle of northwestern British Columbia.

The drill holes intercepted gold mineralization at or near defined stope shapes with numerous high-grade assays as high as 184.5 g/t gold. […] Continue reading

Ascot Resources Premier Mine Funding Shortfall

Ascot Resources Ltd. (TSX: AOT)

Provided 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.

The company also highlighted a funding shortfall which will have to be addressed in order to complete mine construction.

Continue reading

Ascot Resources Intercepts High-Grade Gold at Day

Ascot Resources Ltd.(TSX: AOT)

Announced 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. Continue reading

Mining Review Weekly Update 19th December 2021

City Investors Circle – Mining Review 19th Dec 2021

The price of gold is still gyrating between $1760 and $1810, as the FOMC meeting comments are absorbed by the market, and sentiment changes by the day.

Ascot Resources, Cabral Gold, Canuc Resources, Neometals, and Orla Mining all made significant announcements this week. Continue reading

Ascot drills 36.2 g/t Gold Over 7.1 M at Sebakwe

Ascot Resources (TSX: AOT)

Announced 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. Continue reading

Ascot Resources Q3 Results and Premier Update

Ascot Resources (TSX: AOT)

Announced the Company’s unaudited financial results for Q3 2021, and provided an update on the permitting and pre development progress at their Premier Mine.

The ball and sag mills are in place, and early earthworks preparation is continuing, as final permit negotiations take place. Continue reading