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Ascendant Resources Inc.
Summary
| Project: | Lagoa Salgada | |
|---|---|---|
| Deposit: | Lagoa Salgada | |
| Location: | Portugal | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver-Tin | |
| Date: | 9/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-9-2019: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its Lagoa Salgada deposit at the Lagoa Salgada project. Drill results incl. 201.00m @ 0.32% Cu, 0.82% Pb, 1.50% Zn, 0.04ppm Au, 12.89ppm Ag, 0.01% Sn from 179.00m. TORO | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Campbell (Internal) | |
| ABSTRACT: | TORONTO, Sept. 03, 2019 -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is very pleased to announce that it has intersected copper-rich mineralization in the Central and South Zones in its final three holes at the Lagoa Salgada VMS project (“Lagoa Salgada”) located on the Iberian Pyrite Belt (“IPB”) in Portugal. The results include the best hole, LS_ST_16, which was reported on July 24, 2019. All drill results from the recently completed exploration program will form the basis for an updated National Instrument 43-101 Mineral Resource Estimate to be reported imminently, followed by a Preliminary Economic Assessment (“PEA”) by the end of the year. The drill results reported represent the final holes completed in the first phase of drilling for the 2019 exploration program at Lagoa Salgada. During this phase, 26 holes totaling 8,164 metres were completed on the North, Central and South Zones. Drill results from the last 3 holes in the Central and South Zones have continued to demonstrate significant sulphide mineralization (see table 1 below), greatly extending the stockwork mineralization at depth and along strike. | |
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