The company said the prospecting permits grant Ascot the exclusive right to prospect on and explore for hardrock mineral deposits during the term of the permits.
Ascot Resources (TSXV:AOT) has announced the release of the Bureau of Land Management (BLM) decision record for hardrock prospecting permit applications with a finding of no significant impact (FONSI) related to two prospecting permits that were submitted by Ascot USA (a wholly owned subsidiary of Ascot Resources) regarding its Mt. Margaret property, a porphyry copper-molybdenum-gold-silver deposit located 22.5 kms southwest of Randle, Washington in Skamania County.
The company said the prospecting permits grant Ascot the exclusive right to prospect on and explore for hardrock mineral deposits during the term of the permits. The BLM decision is subject to a 30-day appeal. Any future proposal for leasing and site development would be subject to public notification, separate National Environmental Policy Act analysis, and administrative action by the BLM and USFS.
President and CEO of Ascot, Derek White said:
“Ascot Resources welcomes approval from the BLM to issue prospecting permits on the Mt. Margaret property in Skamania County in Washington State. The decision comes after years of intensive environmental review, the results of which confirm the prospecting activities will have no significant impact on the environment and will require compliance with terms and conditions set out by BLM and USFS.”