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Ascendant Resources Inc.
Summary
| Project: | El Mochito | |
|---|---|---|
| Deposit: | El Mochito | |
| Location: | Honduras | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 6/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2017: Ascendant Resources Inc. announces an Exploration/Drilling Update report for its El Mochito deposit at the El Mochito project. Drilling results incl. 17.6m @ 5.3% Zn, 3.8% Pb, 83g/t Ag from 173.13m. TORONTO, ONTARIO - Ascendant Resources Inc. ( | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Andy Campbell (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO - Ascendant Resources Inc. (TSX-V: ASND) (FRA: 2D9) ("Ascendant" or the "Company") is pleased to announce results of 29 diamond drill holes (7,447m) as part of its ongoing underground exploration and definition drilling program at its El Mochito Mine in Honduras. The drilling results are evenly split between step-out and in-fill drill holes, targeting the extensions of four ore bodies, namely Palmar Dyke, Santa Elena, Victoria and Esperanza. Three areas are very close to existing workings and could be accessed within six to twelve months. The fourth, the Esperanza orebody, is already being mined on its western edge while this drilling represents a further extension to the East showing similar grades. All orebodies remain open along strike and at depth. Chris Buncic, President and CEO of Ascendant com m ented: “These initial drill results are well above current mining grades and highlight the incredible potential for additional high grade zinc mineralization at our El Mochito property. Of critical importance is the fact that many of the areas we are drilling from are at current workings that can be brought into the production schedule within the next twelve months. This is the first serious exploration program undertaken at El Mochito in many years and we are hopeful that more opportunities can be exposed. We look forward to providing further results from our current 33,200m drill program as they become available over the coming months.” | |
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