Ascot Resources Submits Joint MA/EMA Permit Application for Premier Gold Project, Canada
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Ascot Resources has submitted the Joint Mines Act/ Environmental Management Act Permit Application to amend Mines Act Permit M-179 and Environmental Management Act Permit PE-8044 for regulatory screening and then review.
“This submission is the result of a coordinated work program and process that began in 2018. We worked closely with the Nisga’a Nation via regular meetings regarding the process and inputs required for this comprehensive Joint MA/EMA Application. I would like to thank everyone for all their efforts in completing this significant milestone for the company and we will continue to update all of our shareholders and stakeholders as we move along this important process,” said Derek White, president and CEO of Ascot.
“The Premier Gold Project is an economically robust opportunity, which envisions building an up-to-date operation at a site with an existing processing plant, tailings facilities, power and road infrastructure. The development plan is to refurbish the site with very limited new land disturbance and bring lasting benefits to all of our stakeholders, including direct employment, training along with indirect opportunities to northwestern British Columbia. Over the past six months a number of milestones have been reached including the ordering of the grinding mills, the completion of project financing debt facilities, the identification of key exploration areas for resource expansion and the submission of the Joint MA/EMA application. I am confident that the coming year will be exciting for Ascot stakeholders as the project progresses towards production,” added White.
“The submission of the Joint MA/EMA application for the Premier site demonstrates a comprehensive and collaborative effort by the proponent and Nisga’a Nation as we continue to build mining as an important industry within the Nass Area,” said Eva Clayton, president of Nisga’a Lisims Government.
About Ascot Resources Ltd.
Ascot is a Canadian-based exploration and development company focused on re-starting the past producing historic Premier gold mine, located in British Columbia’s Golden Triangle. The Company continues to define high-grade resources for underground mining with the near-term goal of converting the underground resources into reserves, while continuing to explore nearby targets on its Premier/Dilworth and Silver Coin properties (collectively referred to as the Premier Gold Project). Ascot’s acquisition of IDM Mining added the high-grade gold and silver Red Mountain Project to its portfolio and positions the company as a leading consolidator of high-quality assets in the Golden Triangle.
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