12:29:56 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Ascot Resources Ltd
Symbol AOT
Shares Issued 135,645,726
Close 2016-12-08 C$ 1.88
Market Cap C$ 255,013,965
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Taylor refreshes Ascot Resources buy

2016-12-08 21:05 ET - In the News

Jay Taylor, in the Nov. 16, 2016, edition of Gold, Energy & Tech Stocks, refreshes his buy of Ascot Resources Ltd., recently $1.97. He previously said buy on Sept. 16, 2014, at $2.05 and on June 15, 2016, at $1.10. A $1,000 investment for each of the two buys is now worth $2,750. Mr. Taylor says Ascot has a "jewellery box" in the form of its Premier project in British Columbia's Golden Triangle. Highlights from drilling over the years have included intervals grading 14,394 grams per tonne gold and 6,830 g/t silver over 0.75 metre. Ascot has been working on a 42,200-metre drill program this year, targeting the historical Premier mine area, and plans to commission an initial National Instrument 43-101 resource report on this area at the end of the field season. The area covers just 7.5 per cent of the Premier system. Mr. Taylor sees Premier as similar to Pretium Resources' Brucejack project, which has churned out some "spectacular" assays. He also likes the fact that Premium, unlike Brucejack, benefits from the presence of underground workings that were used in the old mine. This infrastructure should lower the costs of bringing a new mine on production. Mr. Taylor concludes that Ascot is "most certainly one of my favourites."

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