NIA's #1 stock suggestion for 2020, Ascot Resources (TSX: AOT), after gaining $0.02 on Monday to $0.57 per share then gaining $0.04 on Tuesday to surpass its 100-day moving average of $0.60 per share and close at $0.61 per share, gained another $0.02 yesterday to close at its high of day of $0.63 per share! AOT achieved a total gain of $0.08 or 14.55% during the first three trading days of December on extremely high three-day volume of 1.33 MILLION shares!
At yesterday's closing price of $0.63 per share, AOT has already gained by $0.12 or 23.53% from NIA's initial announcement at 3:30PMEDT on October 31st at $0.51 per share! AOT's gains so far are absolutely nothing!
This summer, in addition to AOT successfully completing a total of 42,000m of infill drilling at its three major high grade gold deposits located closest to the Premier Mill, AOT also conducted 8,000m of exploration drilling at the Premier Gold Mine in areas with no previous drilling. As you know, we are eagerly awaiting the results of four exploration drill holes from Silver Hill, where AOT discovered surface samples containing 14,898 g/t silver and 12,393 g/t silver, respectively.
When AOT announced on November 7th that it discovered these extremely high silver grades at Silver Hill within a vein system that can be traced at surface over a strike of more than 200 metres and a width of more than 20 metres, AOT said that it immediately targeted this vein system by completing four diamond drill holes totaling 816 metres. Receiving much less attention from the same November 7th press release was an announcement that, "Geotechnical drilling near a proposed portal location at Premier intercepted a potential new gold zone that is located along the western projection of the 609 and 602 zones."
AOT announced near the bottom of its November 7th press release that it discovered 9.7 g/t gold over 1m near-surface in a location that was 53m away from the proposed portal and 150m away from the closest known gold zone at the Premier Gold Mine. AOT said that it immediately dedicated a drill rig to further test this area. At the time, AOT gave no additional details and our expectations were very low.
Today, AOT surprised us by announcing very high grade intercepts of gold and silver from this brand new unexplored zone located west of a proposed portal site at the Premier deposit! Out of 10 exploration drill holes, 3 intercepted very high grades of gold , 2 intercepted very high grades of near-surface silver, and 1 intercepted very high grades of BOTH gold and silver!
AOT successfully intercepted from Premier drill hole P19-2177 an amazing 17.29 g/t gold AND 62.8 g/t silver over 3.58m for 64.48 grammeters of gold equivalent! This particular intercept included a HUGE 32.40 g/t gold AND 138 g/t silver over 1m! In addition, this same drill hole intercepted 9.63 g/t gold AND 20.80 g/t silver over 4.44m for 43.82 grammeters of gold equivalent. Finally, this same drill hole intercepted 12.83 g/t gold AND 37.90 g/t silver over 4.20m for 55.72 grammeters of gold equivalent!
All together, Premier drill hole P19-2177 intercepted a total of 164.02 grammeters of gold equivalent! These results prove that AOT will likely be able to rapidly expand its current high grade gold resource totaling 3 million gold equivalent oz for many years to come... even after the Premier Gold Mine relaunches production (most likely in 2021)!
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.