Ascot Appoints David Stewart VP – Corporate Development & Shareholder Communications
03 Juni 2021 - 10:00AM
Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the
“Company”) is pleased to announce the appointment of David Stewart
as VP–Corporate Development & Shareholder Communications
effective immediately.
Derek White, President & CEO of Ascot,
commented, “We are very pleased to have David join Ascot. He has
covered Ascot as an equity research analyst since early 2019 and
has been a strong supporter of our value proposition. Given David’s
background in mining engineering and equity research, his knowledge
of the market and his familiarity with the Company, he will be a
great addition to our team. We look forward to David playing a key
role in helping the Company move towards production and ensuring
our story continues to be effectively communicated to current and
future shareholders.”
Mr. Stewart has a decade of mining sector
experience including both domestic and overseas mine development,
operations and engineering, and five years of sell-side precious
metals equity research. He was most recently VP & Analyst,
Mining and Metals at Desjardins Securities, and including prior
tenure at GMP Securities he has cumulatively covered 23 companies
ranging from small-cap explorers to large-cap gold producers. He
has visited both the Premier and Red Mountain properties as a part
of his research. David’s mining career began with Redpath Mining
developing underground mine projects around the world, after which
he worked at Barrick Gold’s Hemlo operation where he was
responsible for mine design, project execution, and expansion
scoping study development. David is a licenced professional
engineer in the province of Ontario and holds a Bachelor of Applied
Science in Mining Engineering from Queen's University.
David Stewart, VP, Corporate Development,
commented, “In just a few short years Ascot has emerged as one of
the most attractive and de-risked gold development stories in
Canada. I’m excited to now play a more meaningful role in Ascot’s
growth trajectory as we endeavour to become one of Canada’s next
gold producers and enhance value for all stakeholders.”
ON BEHALF OF THE BOARD OF DIRECTORS OFASCOT RESOURCES
LTD.
“Derek C. White”, President and CEO
For further information contact:David Stewart,
P.Eng.VP, Corporate Development & Shareholder
Communicationsdstewart@ascotgold.com(647) 294-8361
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.
For more information about the Company, please
refer to the Company’s profile on SEDAR at www.sedar.com or visit
the Company’s web site at www.ascotgold.com, or for a virtual tour
visit www.vrify.com under Ascot Resources.
The TSX has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding
Forward-Looking Information
All statements, trend analysis and other
information contained in this press release about anticipated
future events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as “seek”, “anticipate”, “believe”, “plan”,
“estimate”, “expect” and “intend” and statements that an event or
result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. All statements, other than
statements of historical fact, included herein are forward-looking
statements, including statements in respect of the closing of the
Private Placement and the use of proceeds. Although Ascot believes
that the expectations reflected in such forward-looking statements
and/or information are reasonable, undue reliance should not be
placed on forward-looking statements since the Ascot can give no
assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements, including the risks, uncertainties and other factors
identified in the Ascot’s periodic filings with Canadian securities
regulators, and assumptions made with regard to: the estimated
costs associated with construction of the Project; the timing of
the anticipated start of production at the Projects; the ability to
maintain throughput and production levels at the Premier Mill; the
tax rate applicable to the Company; future commodity prices; the
grade of Resources and Reserves; the ability of the Company to
convert inferred resources to other categories; the ability of the
Company to reduce mining dilution; the ability to reduce capital
costs. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Important factors that
could cause actual results to differ materially from Ascot’s
expectations include risks associated with the business of Ascot;
risks related to exploration and potential development of Ascot’s
projects; business and economic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results
and the geology, continuity and grade of mineral deposits; the need
for cooperation of government agencies and indigenous groups in the
exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to
develop properties and uncertainty as to the availability and terms
of future financing; the possibility of delay in exploration or
development programs and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and
other governmental approvals; risks associated with COVID-19
including adverse impacts on the world economy, construction timing
and the availability of personnel; and other risk factors as
detailed from time to time and additional risks identified in
Ascot’s filings with Canadian securities regulators on SEDAR in
Canada (available at www.sedar.com). The timing of future economic
studies; labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals, financing or in the
completion of Project as well as those factors discussed in the
Annual Information Form of the Company dated March 26, 2021 in the
section entitled "Risk Factors", under Ascot’s SEDAR profile at
www.sedar.com. Forward-looking statements are based on estimates
and opinions of management at the date the statements are made.
Ascot does not undertake any obligation to update forward-looking
statements.
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