The current strong gold price environment, robust projected economics and quick payback creates an attractive opportunity for TSX-listed Ascot Resources to build its mine in the Golden Triangle, British Columbia, president and CEO Derek White said on Wednesday.
Announcing the outcomes of a feasibility study into the combined Premier and Red Mountain projects, near Stewart, he said that with a capital outlay of C$147-million, the company could feed the Premier mill at 2 500 t/d to produce about 1.1-million ounces of gold and three-million ounces of silver over eight years.