Management plans to prepare a NI 43-101 compliant resource on the property. In order to do this, the Company needs to do further exploration drilling. In 2011, Ascot submitted two prospecting Permit Applications as a 63-hole drill proposal to the United States Forest Service (“USFS”) and the Bureau and Land Management (“BLM”).
On February 8, 2018, the United States Forest Service (“USFS”) released a Final Decision Notice & Finding of No Significant Impact related to these two prospecting permits that were submitted by Ascot USA Inc., a wholly owned subsidiary of Ascot Resources Ltd. 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.