Ascot Resources is a Canadian mineral development company publicly traded on the Toronto Stock Exchange. Our focus is to re-start the processing plant at the historic Premier gold mine, a mine once named North America’s largest gold mine. The site is located just 25 kilometres from the town of Stewart, in northwestern British Columbia in a proliﬁc area known as the Golden Triangle.
The Company filed its feasibility study in May 2020 for its 100% owned Premier and Red Mountain Gold Projects which would supply gold and silver ores to the process plant. The study supports robust economics including base case After-tax NPV5% of C$341 million and IRR 51% (based on US$1400/oz gold price, $17/oz silver price and CAD to US exchange rate of 0.76.) Ascot is now focused on advancing its efforts towards basic engineering and permit amendments required for project approval along with continuing to explore and drill a number of gold and silver targets on its 25,000 hectares of mineral concessions.