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Ascendant Resources Inc.
Summary
| Project: | Lagoa Salgada | |
|---|---|---|
| Deposit: | Lagoa Salgada | |
| Location: | Portugal | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver-Tin | |
| Date: | 7/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2019: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its Lagoa Salgada deposit at the Lagoa Salgada project. Drilling results incl. 78.05m @ 0.46% Cu, 2.91% Pb, 3.70% Zn, 0.77ppm Au, 81.04ppm Ag, 0.11% Sn. TORONTO, July | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Campbel (Internal) | |
| ABSTRACT: | TORONTO, July 24, 2019 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is very pleased to announce continued exploration success highlighted by high-grade drill results over extended intervals that are expected to significantly expand and upgrade the current resource at the Lagoa Salgada VMS Project (“Lagoa Salgada”) located on the Iberian Pyrite Belt (“IPB”) in Portugal. Ascendant anticipates a new NI 43-101 Resource Estimate will be completed in the third quarter and a Preliminary Economic Assessment (“PEA”) will be completed by year end. Drilling for the 2019 exploration program at Lagoa Salgada targeted the gossan and the sulphide lenses in the North Zone within the LS West Region. Significant results from the first 15 holes (4,275 metres) drilled continue to demonstrate high-grade mineralization in the massive sulphide and in the gossan lenses over extended true widths. Drilling intersected massive sulphide mineralization extending the mineralization at depth and along strike with 14 of the 15 holes expected to contribute significantly to the goal of expanding and upgrading the current Mineral Resource Estimate. Several drill results demonstrating the high-grade nature of mineralization over wide intervals in the gossan and in the massive sulphide lenses are highlighted above. Elevated gold values underlie the high-grade mineralization in the gossan lens while gold, silver, zinc and lead were strong contributors to high-grade mineralization in the massive sulphide lens. | |
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