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Gold/Mining/Energy
Ascot Resources (V.AOT) THE NEXT BIG DIAMOND DISCOVERY???
An SI Board Since April 1999
Posts SubjectMarks Bans Symbol
17 3 0 AOT
Emcee:  Greg Ehman Type:  Unmoderated
Either I've missed the boat, or I have honour of starting a new thread. I've found a few references to this one throughout SI, and I figured it was time it had a thread of its own. The drill should be on site and should be drilling soon.

Here's the latest press release I've found.

Mon 29 Mar 99 News Release
Also Ascot Resources Ltd (AOT)
Mr. Glenn Shevchenko reports
The company's joint venture partner, De Beers, has begun a three-phase exploration program on the Victoria Island diamond property, NWT. Phase one will consist of a detailed, high-resolution, groundmagnetic survey totalling 200 line kilometres. The survey area will cover the Snowy Owl, Golden Plover and Longspur kimberlites as well as associated structures in the immediate area that are likely to host kimberlite. Phase two will consist of core drilling of the kimberlites to determine their size and diamond potential. The initial program will consist of eight to 10 core holes that will be drilled to depths of 150 metres. Mobilization of the drill will begin on April 5, 1999 with drilling to begin mid-April. Phase three has begun and will continue throughout the field season. This phase will include further analysis of sample data and landsat data to identify additional targets on the property.
The initial cost of the 1999 field program has been revised to an estimated $450,000.
Last season, De Beers completed an exploration program of till sampling, airborne geophysics and shallow percussion drilling. A total of eight targets were drill-tested which led to the discovery of five diamondiferous kimberlites. Included is the Snowy Owl pipe that returned a very favourable result of 90 diamonds from an 88-kilogram sample. The sample material was derived from a single percussion drill hole that only penetrated 12 metres into the kimberlite pipe.
The property is jointly owned by Major General and Ascot Resources. De Beers may earn a 51 per cent interest by making cash payments totalling $200,000 and spending $2-million in exploration over three years. De Beers is in the second year of its option and have expended an estimated $350,000 to date.
© Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Anybody watching this one??

Cheers

Greg
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ReplyMessage PreviewFromRecsPosted
17Fresh Releases - November 14, 2012 Ascot Resources V.AOT | Endeavour Silver T.Ecanucklehead80-11/14/2012
16Fresh Releases - October 10, 2012 Rainy River T.RR | Nighthawk Gold V.NHK | Ascocanucklehead80-10/10/2012
15What is happening here? Anyone invested or interested? I think I'm gonna nferris wheel-11/25/2009
14What the hell happened to Ascot. All that investment for aggregate and it'sferris wheel-7/15/2008
13 Both AOT and CDU are flying this AM. EOMWalter Kalin-6/12/2000
12 VBC News 1 Features Cardero Resources' Cori Huarmi Prospect Last Tuesday, crooked_pig-5/16/2000
11 Cardero property acquisition CaWalter Kalin-3/17/2000
10 It's the Cori Huarmi deal. Great property. However Ascot is earning a indircharred-3/9/2000
9 kidl ?? Anyone home??? What's up - we're going UP SCsuncasper-3/6/2000
8 Major General and Ascot drilling results Majkidl-9/7/1999
7 Everytime I reread that press release, the potential of this stands out like a Paul Bilecki-5/31/1999
6 Major General and Ascot discover two new kimberlites at Victoria Island Majkidl-5/13/1999
5 This is the best leverage for any diamond play in Canada with the least risk inPaul Bilecki-4/23/1999
4 Hello, Does anybody know what the outstanding shares are??? Thanks in advancGC-4/22/1999
3 For those who missed the press release here it is. News Releases Major GSteve Joy-4/22/1999
2 Thanks John. I will. Good luck to you as well Greg Greg Ehman-4/16/1999
1 Greg, They stopped trading on Diamond Fields!!! .70 - .75 News pending!! CouldJohn Thomas-4/16/1999
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