Ascot is very close to getting the final permits for the restart of its Premier Mine. A note in their November 8 MDA stated: “The Company is currently reviewing the conditions and anticipates to negotiate and accept permit terms in the next several weeks, followed by final permit issuance.” Development is already well underway, building on the extensive infrastructure in place from the last round of mining in the 1990s. Ascot is projecting initial production in the fourth quarter of 2022.
Full scale development of another mining operation will generate news for the district and further boost visibility. It will also set the stage for the next takeover. Once in operation, Premier will provide a mill that will increase the attractiveness of nearby deposits.