NIA strongly believes the #1 biggest opportunity in the market today is Ascot Resources (TSX: AOT). Between the final week of December and the first week of January, AOT is expected to announce three separate resource updates, one for each of its large high grade gold deposits located closest to AOT's Premier Mill!
One resource update will be for the Premier/Northern Lights deposit, where AOT completed 9,000 metres of infill drilling this summer of which 5,948 metres were drilled at AOT's high-grade Prew zone that it discovered in 2017. Following AOT's last resource update for Premier/Northern Lights at the end of 2018, it was determined that there was a gap in the drill pattern that prevented a high-grade portion of the Prew zone from achieving classification in the indicated category. On November 18th, AOT reported that its 19 total drill holes at the Prew zone found 12 separate intervals in excess of 10 g/t gold including 37.95 g/t gold over 5.03m for 190.89 grammetres of gold!
Another resource update will be for its Big Missouri deposit, which contains AOT's largest and highest grade inferred gold resource with 596,000 oz grading 8.25 g/t. After the completion of 22,000 metres of infill drilling at Big Missouri this summer, its measured/indicated gold resource of 142,000 oz will likely see a HUGE percentage increase!
Another resource update will be for AOT's newly acquired Silver Coin deposit, located 800 metres from Big Missouri and 5 km from the Premier mill. So far, AOT has only reported the results of 3,267 metres out of 10,500 metres of total Silver Coin infill drilling. The remaining 7,233 metres of drill results from Silver Coin will be reported in early December.
All together, AOT still has over 20,000 metres of drill results to report in early December! This includes 816 metres of exploration drilling from AOT's newly discovered Silver Hill Prospect, nine kilometres north of the Premier mill, where AOT discovered extremely high grades of silver from surface exploration with two grab samples containing 14,898 g/t silver and 12,393 g/t silver, respectively!
NIA's President has purchased 150,000 shares of AOT in the open market. Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
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