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Ascendant Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 2/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-2-2019: Ascendant Resources Inc. announces a PEA report for its El Mochito deposit at the El Mochito project. Amended PEA results incl. post-tax NPV of US $83.0M (8%), IRR of 58%, 10yr LOM at the project. This Technical Report was prepared by InnovExpl | |
| Resources: | (Resource, M+I): 7.553Mt @ 5.2% Zn, 1.7% Pb, 44g/t Ag | |
| CP/QP: | [Resources]: Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | This Technical Report was prepared by InnovExplo, Mercator and P&E and the information, conclusions and recommendations contained herein are based upon information available at the time of report preparation. This includes data and reports made available by Ascendant Resources Inc. (“Ascendant”) as well as publicly available reporting. Sources of such information are referenced in this report and are detailed in the References Cited section of the report. Information contained in this Technical Report is believed to be reliable, but parts of the report are based upon information not within the control of InnovExplo, Mercator and P&E. InnovExplo, Mercator and P&E and have no reason, however, to question the validity of data used in this report. Comments and conclusions presented herein reflect the authors’ best judgment at the time of Technical report preparation. Mercator relied upon Ascendant with respect to provision of opinions and information regarding Honduran mining law and regulations, mineral titles, surface titles and mineral agreements that pertain to the El Mochito mine operation and related exploration holdings. Mercator also relied upon Ascendant with respect to provision of opinions on site environmental liabilities and details of current status and nature of site environmental and production permits that exist for the El Mochito operation. Information pertaining to these items that appears in this report. 1.2 Property Description and Location The El Mochito mine along with six Exploitation Concessions (the “Concessions”) and related surface titles (collectively, the “Property”) are located adjacent to the town of Las Vegas, Santa Barbara Department, in the west-central area of Honduras, Central America. The Property is held by Ascendant’s wholly-owned Honduran subsidiary, | |
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