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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 4/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing PEA | |
| Report details: | 15-4-2020: Ascot Resources Ltd. announces a Feasibility Study report for its Premier deposit at the Premier project. Feasibility Study results incl. post-tax NPV (5%) of C$341M and IRR of 51%. VANCOUVER, British Columbia, April 15, 2020 -- Ascot Resources | |
| Resources: | (Resource): 4.141Mt @ 8.25g/t AuEq. (Ind.) and 5.061Mt @ 7.45g/t AuEq. (Inf.) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, April 15, 2020 -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce robust results for an independent Feasibility Study (the “Study”) prepared in accordance with a National Instrument 43-101 Technical Report (“NI 43-101”) for its 100% owned Premier and Red Mountain gold projects (the "Project") located in the Golden Triangle near Stewart, British Columbia, Canada. The Study outlines a low capital restart plan to feed the Premier mill at 2500 tonnes per day (“tpd”) to produce approximately 1.1 million ounces (“Moz”) of gold and 3.0Moz of silver over eight years. The Study is based on a proven and probable reserve (noted below) of 6.2 million tonnes (“Mt”) from the Project. In addition to the reserves, the Company has inferred resources of 5.1Mt at 7.25 grams per tonne (“g/t”) gold at Premier, with approximately 2.2Mt of this resource material at similar grade, near the planned development, which may potentially be converted to reserves during operations. | |
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