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Ascendant Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver-Copper | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-1-2018: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its El Mochito deposit at the El Mochito project. Corrected drilling results incl. 27.8m @ 27.4g/t Ag, 2.5% Pb, 7.4% Zn from 409.1m. TORONTO, ONTARIO - Ascendant Resou | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Patrick E. Toth (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO - Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) today issues a correction to the drilling results reported within the January 18, 2018 press release, with the updated information presented below in Table 1. An incorrect calculation resulted in errors to the original significant assays reported; the correct table is presented below. The aggregate net-change shows many of the original results understated and only a few individual reductions in width. Where grades have decreased, widths have increased. Management apologizes for the error but remains encouraged by the positive results and the potential the results represent. Analytical work was carried out by Bureau Veritas Commodities Canada Ltd. (ACME), Vancouver, Canada. Drill core samples were prepared in Bureau Veritas’s laboratory in Guatemala City, Guatemala. Pulp samples were then sent to their analytical Laboratory in Vancouver, Canada. All samples were analyzed for zinc, Lead, copper, iron and silver values determined by method code AR402 atomic absorption spectrometry, and any over limit values were determined using method code FA410. Bureau Veritas has routine quality control procedures which ensure that every batch of 30 prepared samples includes three sample repeats, two commercial standards and blanks. Bureau Veritas is independent from Ascendant. Ascendant used standard QA/QC procedures, when inserting blanks, for the drilling program. The scientific and technical information in this press release has been reviewed and approved by Patrick E. Toth, P.Geo., Director of Exploration and a Qualified Person as defined by National Instrument 43-101. | |
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