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Ascendant Resources Inc.
Summary
| Project: | Lagoa Salgada | |
|---|---|---|
| Deposit: | Lagoa Salgada | |
| Location: | Portugal | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver-Tin | |
| Date: | 8/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2019: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its Lagoa Salgada deposit at the Lagoa Salgada project. Drill results incl. 46.95m @ 0.39% Cu, 6.26% Pb, 7.30% Zn, 1.37ppm Au, 165.63ppm Ag, 0.20% Sn from 164.55m. TOR | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Campbell (Internal) | |
| ABSTRACT: | TORONTO, Aug. 13, 2019 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is very pleased to report additional high-grade results from the final five holes drilled in the North Zone at the Lagoa Salgada VMS project (“Lagoa Salgada”) located on the Iberian Pyrite Belt (“IPB”) in Portugal. Results include the best hole drilled to date at the Lagoa Salgada project, LS_MS_39. Drill holes with final assays received to date, will form the basis of an updated National Instrument 43-101 Mineral Resource Estimate at Lagoa Salgada which is expected to be completed in the third quarter, followed by a Preliminary Economic Assessment (“PEA”) in the fourth quarter. An additional three holes were drilled in the Central and South Zones that are pending assay results which are expected to be received over the course of the next several weeks. The new drill results represent the final holes completed in the first phase of drilling for the 2019 exploration program in the North Zone at Lagoa Salgada. The completed program consists of 24 holes totaling 7,964 metres, of which 20 holes were focused on the North Zone and 4 holes focused on the South and Central Zones within the LS West Region. In the South Zone, hole LS_ST_16 was reported on July 24, 2019 and assays are pending for three additional holes from the South and Central Zones. Two holes in the South Zone were pre-collared but will be completed in a future program when the focus is expanded beyond the North Zone. | |
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