RCKS Talk

18-Jul-2018

Ascot Resources Ltd.

Additional High-Grade Drill Results from Big Missouri and Premier/Northern Lights

Impact: Mildly Positive

Ascot Resources has released results from 9 drill holes at Big Missouri and 21 holes at Premier/Northern Lights, within the Premier-Dilworth property near Stewart, British Columbia.
  • Drilling at Big Missouri continues to identify new gold mineralization with intersections of 8.07g/t AuEq over 4.29m and 7.74g/t AuEq over 5.5m
  • Drilling at Premier/Northern Lights has demonstrated that the current resource has growth potential in this area, with notable intercepts of 9.91g/t AuEq over 2m and 10.34g/t AuEq over 2m
  • The current drill program is designed to delineate a large enough high-grade underground resource to justify the restart of the Premier mine using the existing the infrastructure. These results continue to suggest this is a likely outcome, and the company plans to start on initial engineering studies in June
Based on the company’s recent resource update (open pit & underground), Ascot trades at a discount (C$30/oz versus peers at C$95/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

25-Jun-2018

Ascot Resources Ltd.

Ascot Intersects High-Grade Zones at Big Missouri

Impact: Positive

Ascot Resources has released results from the first 25 drillholes in the Big Missouri ridge area, the second target area at the Premier-Dilworth property near Stewart, British Columbia.
  • The company intercepted high-grade zones at the Big Missouri area, which includes 15.34g/t AuEq over 7.3m and 10.34g/t AuEq over 7.0m
  • Results support the company’s goal in defining a second high-grade underground resource to follow that of the Premier/Northern Lights resource update in the southern area of the property, which are both expected to enable the company to restart production and have sufficient feed for the Premier mill
  • Ascot is working towards recommencing underground production at the Premier site, with the current step being the 2018 drill program – designed to increase the existing resource base to have sufficient feed for the Premier mill
Based on the company’s recent resource update (open pit & underground), Ascot trades at a discount (C$32/oz versus peers at C$89/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

29-May-2018

Ascot Resources Ltd.

Initial 2018 Drilling in 602 Zone a Success; More Pending

Impact: Positive

Ascot reported high grade results from initial 2018 drilling from the 602 Zone (Figure 1) at the company’s Premier-Dilworth project, intersecting 11.65 g/t Au over 12.1m (P18-1605) and 24.64 g/t Au over 9.61m (P18-1609).
  • Infill results support geological model, 602 remains open to the northwest which will be tested later in the season
  • 2018 drilling stepping stone to restarting underground production at Premier, the never mined 602 Zone likely first area of focus
  • Results from 4 holes are pending with additional drilling being considered, 1 drill rig is in operation at Premier and 4 at Big Missouri
Based on the company’s recent resource update (open pit & underground), Ascot trades at a discount (C$33/oz versus peers at C$70/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

13-May-2018

RCKS Charts

Three Names with Positive Momentum

In this edition of RCKS Charts, Keith has evaluated Anaconda Mining Inc (TSX:ANX), Sierra Metals Inc. (TSX:SMT) and Ascot Resources Ltd (TSXV:AOT).

11-May-2018

Ascot Resources Ltd.

New Underground Resource First Step Towards Production

Impact: Mildly Positive

Ascot has shifted its focus to underground resource development at its Premier-Dilworth property with the announcement of a high-grade underground resource in the southern area of the property.

  • Ascot defines 601koz AuEq of high-grade underground resources at Premier/Northern Lights
  • Underground focus puts the project on the path to production
  • Drilling has revealed additional areas that may host high-grade resources
After incorporating Ascot’s resource update, the company trades at a discount (C$37/oz versus peers at C$65/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

01-Jan-2018

Ascot Resources Ltd. (TSXV:AOT)

RCKS Talk Blog Archive

We updated the look & feel of our RCKS Talk Research Blog in March 2018.

To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.

Click here to access the RCKS Talk Blog Archive for Ascot Resources Ltd. (TSXV:AOT)


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