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Ascendant Resources Inc.
Summary
| Project: | Lagoa Salgada | |
|---|---|---|
| Deposit: | Lagoa Salgada | |
| Location: | Portugal | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver-Tin | |
| Date: | 9/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2019: Ascendant Resources Inc. announces a Resource Estimation report for its Lagoa Salgada deposit at the Lagoa Salgada project. Updated mineral resource estimate. TORONTO, Sept. 25, 2019 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2 | |
| Resources: | (Resource): 12.8Mt (M+I) and 8.6Mt (Inf.) globally at project | |
| CP/QP: | [Resources]: Charley Murahwi (Micon International Ltd.) | |
| ABSTRACT: | TORONTO, Sept. 25, 2019 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce an updated Mineral Resource Estimate prepared in accordance with Canadian National Instrument 43-101 (“NI 43-101”) significantly upgrading the resources at the Lagoa Salgada Volcanogenic Massive Sulphide (“VMS”) Project located on the Iberian Pyrite Belt (“IPB”) in Portugal. This Mineral Resource Estimate will be used as a basis for the Preliminary Economic Assessment (“PEA”) to be completed by year end. The modest 8,164-metre, 24-hole, drill program focused primarily on infill drilling to increase the confidence in the grade and tonnage of the North Zone, with four of those holes allocated to testing the strong geophysical anomaly in the Central and South Zones. Results demonstrate material growth in the North Zone (the main massive sulphide) with the conversion of significant resources into the Measured & Indicated (“M&I”) category. To date the North Zone has been delineated by less than a total of 76 holes. | |
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