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Ascendant Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver-Copper | |
| Date: | 10/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-10-2017: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its El Mochito deposit at the El Mochito project. Drilling results incl. 6.1m @ 5.2% Zn, 2.7% Pb, 2297g/t Ag, 0.98% Cu from 169.2m. TORONTO, ONTARIO - Ascendant Resour | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Robert Campbell (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO - Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is very excited to announce the results of an additional 49 diamond drill holes totaling 6,170 meters (561 samples), as part of its ongoing underground exploration and resource definition drilling program at its El Mochito Mine in Honduras. The results provide Ascendant with confidence that following an extended period of little exploration activity at El Mochito, there is a good possibility to dramatically increase head grades into the mining operations and schedule in the near-term. To date, the Company has received results for over half of its planned 33,200m program (See Press release June 26, 2017), with approximately 8,000m of further drilling to be completed in the next few -2- months. The Company intends to complete a new NI 43-101-compliant Mineral Reserve and Resource statement by the spring of 2018. These latest results come from 4,168m of infill and 2,541m of step-out exploration drilling which continue to target the extensions of four ore bodies; namely Palmar Dyke, Santa Elena, Victoria and Esperanza. Significant assay results have been reported from 41 of the 49 holes and are summarized in the tables below. | |
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