United States Forest Service (“USFS”) Issues Final Decision Notice on Mt. Margaret
VANCOUVER, British Columbia, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX-V:AOT) (“Ascot” or the “Company”) is pleased to announce that the United States Forest Service (“USFS”) recently released a Final Decision Notice & Finding of No Significant Impact related to two prospecting permits that were submitted by Ascot USA Inc (a wholly owned subsidiary of Ascot Resources Ltd.) regarding its Mt. Margaret property, a porphyry copper-molybdenum-gold-silver deposit located 22.5 km southwest of Randle, Washington in Skamania county.
Previously the USFS had released a Draft Decision Notice on August 24, 2017, followed by a 45-day administrative review process. The decision is based on the detailed analysis of potential environmental impacts that are contained within a Modified Environmental Assessment related to the prospecting permits.
The USFS decision provides consent to the Bureau of Land Management (“BLM”) to issue two hardrock mineral prospecting permit applications on National Forest System lands. Ascot will now wait for the BLM to issue its decision regarding whether to issue the prospecting permits. The BLM decision is also subject to a 45-day appeal period.
Derek White, President & CEO, commented, “The USFS final decision is based on a comprehensive review that assessed all potential environmental issues arising from of our exploration and prospecting plans for the Mt. Margaret deposit and found no significant impacts. We are pleased with the USFS final decision.”
ASCOT RESOURCES LTD.
Per: Derek C. White
Derek C. White, President and CEO
For further information contact:
Kristina Howe
VP, Investor Relations
T: 778-725-1060
E: khowe@ascotgold.com
Ascot Resources Ltd..
Suite 1500-505 Burrard Street
Vancouver, BC V7X 1M5
(778) 725-1060 info@ascotgold.com
(SEDAR filings: Ascot Resources Ltd.)
For more information on Mt Margaret and Ascot’s proposed program please go the Company’s website www.ascotgold.com.
About Ascot Resources Ltd.
Ascot Resources is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. The company’s flagship Premier Project is a near-term high-grade advanced exploration project with large upside potential. With an experienced and highly regarded major shareholder, coupled with an experienced and successful exploration team, Ascot is poised to be the next Golden Triangle producer.
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