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Ascendant Resources Inc.

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Summary

Project:

El Mochito

Deposit:El Mochito
Location:Honduras
Commodities:Zinc-Lead-Silver
Date:9/10/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:10-9-2018: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its El Mochito deposit at the El Mochito project. Drilling results incl. 19.8m @ 72.0g/t Ag, 4.6% Pb, 5.7% Zn from 69.5m. TORONTO, Sept. 10, 2018 -- Ascendant Resource
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Patrick E. Toth (Internal)
ABSTRACT:TORONTO, Sept. 10, 2018 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce results from an additional 24 diamond drill holes (4,254 metres) from its 2018 exploration and definition drilling program at its El Mochito mine in Honduras. The drilling was split between in-fill (48%) and step-out (52%) drill holes, and targeted extensions of four ore bodies, namely Porvenir, Santa Elena, Port Royal Manto and Esperanza (See Figure 1 and Tables 1 & 2 below). These results continue to support the Company’s goal of identifying higher-grade ore for immediate production and increasing tonnage for further Mineral Reserve and Resource growth at El Mochito. Infill drilling at the Esperanza Orebody continues to deliver high-grade results demonstrating its ability to continue to contribute significantly towards 2018 production as well as for the foreseeable future. The Santa Elena Orebody forms part of the El Mochito production plan in 2019 and beyond with step-out drilling continuing to indicate an eastern extension of the orebody. The newly defined Porvenir Orebody, forms part of the Inferred Mineral Resource, and current drilling aids further in its definition and delineation. These orebodies remain open along strike and at depth.

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