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Ascendant Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 4/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-4-2018: Ascendant Resources Inc. announces a Resource Estimation report for its El Mochito deposit at the El Mochito project. Mineral resources and reserves increased from historic estimate. TORONTO, April 10, 2018 (GLOBE NEWSWIRE) -- Ascendant Resourc | |
| Resources: | (Reserve, P+P): 5.789Mt @ 4.7% Zn, 1.6% Pb, 38g/t Ag at project | |
| CP/QP: | [Resources]: Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | TORONTO, April 10, 2018 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) ("Ascendant" or the "Company”) is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards. The new Estimate shows a material increase in both Mineral Resources and Reserves against the previous Mineral Resource and Reserve Estimates dated December 31, 2015, underscoring the mine’s long history of expanding and upgrading Mineral Resources. The new Technical Report is being prepared in accordance with National Instrument 43-101 (“NI 43-101”) and the CIM Standards by Mercator Geological Services Limited, with contributions which were made by P&E Mining Consultants Inc.with reference to the Mineral Reserve Estimate, mining and metallurgical engineering sections. This Technical Report will be filed on www.sedar.com within 45 days of this news release.This Mineral Reserve and Resource Estimate marks the first compiled since Ascendant acquired the El Mochito mine inDecember 2016 and replaces the previous estimates with the effective date of December 31, 2015. The current Mineral Reserve Estimate is based on the completion of a life-of-mine plan that results from 46,100 metres of new exploration and definition drilling that was carried out in 2016 and 2017 as well as the reinterpretation of historical data, including of over 1.2 million metres of drilling. | |
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