target price 29p and quite an upbeat whats going on in their world. Target of 1,000 oz's per month looks to be attainable and more developement with profits being used to drive it onward and upward.
22 Jun '12
Received. Clarified position on Aim, as too expensive and are looking at TSX as well. Concentrating on increasing production to produce income for share holder value. We are in an enviable position as we are now profitable and can concentrate on the highly prospective Chassoul mine.
19 Feb '12
London Presentation 22nd February
Ascot Mining presenting on Wednesday 22nd February at The Chesterfield to register to attend - link below http://www.proactiveinvestors.co.uk/register/event_details/136
9 Feb '12
thanks for posting Colebrook....
9 Feb '12
ASCOT INVESTOR EMAIL continued
already produced major improvements in grinding efficiency and noise reduction. Additionally, and as planned, the locally manufactured rubber liners were installed in the primary ball mill, considerably improving the end product to an optimized very fine pulp. The rubber liners (locally sourced and fabricated) also significantly reduce the weight and thus wear and tear on the mill and its component joints and bearings, extending their productive life. Noise levels have also been reduced by more than 50%. Environment, Health & Safety The Company is pleased to continue to advise that there were no environmental issues or health and safety incidents to report Production As previously announced, it is the Company’s intention to report quarterly production figures, which is the norm in the gold mining industry. We expect to at least match November’s performance of +200 ounces of gold in February, and remain confident we will achieve quarterly production of at least 1,500 ounces of gold over the next several months. Exploration Of note is that all current and previous exploration, development and gold production at the Chassoul property is contained within an area just 12% of the existing 2 square kilometre concession. 88% of the concession remains unexplored, but similar mineralization is confidently believed to extend in all directions surrounding the current concession area, with several veins openly outcropping at surface. The Company is examining extending the Chassoul concession area from the current 2 square kilometres to 10 square kilometres. This strategy not only has the potential of substantially increasing the reserve and resource base over time, but exploration will also occur unencumbered. Closing Comments During December and January, the Company made long term improvements to the process plant, in particular to the crushing and milling circuits. It also made meaningful advances in the underground exploration and development programme, leading to major new production and exploration targets. In the near term, the Company’s main efforts will be concentrated on underground mining, exploration and development, with a view to increasing our overall understanding of the significant new vein structures that have been identified, as well as increasing production, particularly from the Amarilla/Negra vein, through efficient mechanized mining, February is accordingly a recovery and growth month, and the Company expects to see production return to at least November 2011 levels. Respectfully, David B. Jackson Founder & CEO
9 Feb '12
ASCOT INVESTOR EMAIL COMMUNICATION
ASCOT MINING PLC INVESTOR EMAIL COMMUNICATION NO. 2 DATED 7th FEBRUARY 2012 CHASSOUL GOLD PROJECT – OPERATIONAL UPDATE Dear Shareholder Following last week’s site visit to Chassoul by Ascot’s senior management, I would like to share some photographs and provide you with a summary of the great strides we have made towards bringing the project back into steady and increasing production. This follows the previously mentioned temporarily reduced operations over December and January, which was exacerbated by the previously reported unavoidable lack of leaching chemical and mine timber. Advantage was taken during this period to undertake significant mine development work, and to make major upgrades to the crushing and milling circuits. Steady advances have been made in accessing the ore development areas in the Cajeta and the Amarilla/Negra veins, particularly the latter, where high-‐grade ore is now being extracted and delivered to the crusher. Mine Development -‐ Amarilla/Negra Vein Work is being prioritized at the upper level where the access tunnel has been widened in order to accommodate mechanized mining using our scooptram, and this will represent the main source of high grade ore for the mill. The Company is confident that the vein extends and increases in width down to the lower level exploration tunnel adjacent to the process plant (which has also advanced significantly using the new supplies of mine timber). Mine Development -‐ Cajeta vein The lower Cajeta (main haulage) tunnel has been cleaned, re-‐timbered and sampled, leading to the discovery of several new ore intersections, which run parallel to the Cajeta and Amarilla/Negra veins. These veins are being actively explored. This structure appears to cross from the lower Cajeta tunnel to the lower Amarilla/Negra exploration tunnel, therefore providing four new working areas with grades ranging up to 10 grams per ton. This represents a potential significant new structure, which also appears to be open on strike in both directions. Such a structure should also have major benefits in increasing mine production and efficiency, in terms of connected access through existing tunnels and raises; ore delivery using natural gravity; and improved ventilation. Concentrated geologic mapping and development work on these new areas will not only improve understanding of the overall nature of the structure, but will also provide additional ore feed to the plant. Major Upgrades to the Process Plant The two stage ore crushing system was dismantled, strengthened, improved and re-‐ assembled, and is now delivering consistent optimum size crushed ore to the ball mills along upgraded rubber conveyor belts, which has significantly increased milling efficiency. The completely restructured primary (#1) ball mill has already produced major improvements in grinding efficie
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