I would like to introduce you to a new up and coming near term Gold Producer focused
on Central America: Ascot Mining PLC. www.ascotmining.com
Ascot Mining PLC ('Ascot', 'Ascot Mining' or the 'Company') is incorporated in
the United Kingdom under Company Number 6009952 and listed on the UK PLUS Market
under the symbol: ASMP, on the German XETRA Market under the symbol AM3.DE and has
ADR's listed on the US OTC Market under the symbol ATMGY.
The primary objective of Ascot Mining is to become a significant gold producer.
From a modest beginning in 2006, Ascot Mining has, under the management of David
Jackson and his fellow directors, acquired, and got fully permitted, a number of
mining concessions in Costa Rica, Central America, which host known gold
resources. Through its two operating subsidiaries in Costa Rica, Ascot has
already commenced the production of gold on a small scale and is continuing to
implement its production programme.
The operating subsidiaries are Veritas Mining CR SA, which operates concessions
at Tres Hermanos and El Recio, together with a contract for the supply of ore
from the Boston concession, and Veritas Gold CR SA, which owns the Chassoul
Mine.
Outline Business Strategy
Ascot Mining's initial strategy is to become a substantial gold producer by
acquiring existing gold concessions in Costa Rica and then bringing them into
production through a programme of refurbishment. These mines are characterised
by having multiple high grade narrow veins, and Ascot has a carefully selected
team of mining professionals who are experienced in dealing with this type of
geology.
The Board of Ascot Mining has a further strategy of planned expansion for the
Company and, in addition to the resources already noted, is evaluating a number
of other properties. The Company has a rigorous analysis and selection process
intended to ensure that any opportunities in which it engages meets its
criteria.
While cognisant of planning for the growth of the Company, the Board is equally
aware of the need for diligence in ensuring that its existing resources are
fully optimised and is pleased to report that developments to date are
progressing favourably.
The Company has 27,090,727 Ordinary Shares in issue. |
