- ZnEq grades proving to be consistently above current mining
grade
Key Highlights*: (true and apparent
widths):
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF)
(FRA:2D9) ("Ascendant" or the "Company”) is very excited to
announce the results of an additional 49 diamond drill holes
totaling 6,170 meters (561 samples), as part of its ongoing
underground exploration and resource definition drilling program at
its El Mochito Mine in Honduras.
An infographic accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9169b7ff-1e74-4f67-9213-0e06d1c6f98b
The results provide Ascendant with confidence
that following an extended period of little exploration activity at
El Mochito, there is a good possibility to dramatically increase
head grades into the mining operations and schedule in the
near-term.
To date, the Company has received results for
over half of its planned 33,200m program (See Press release June
26, 2017), with approximately 8,000m of further drilling to be
completed in the next few months. The Company intends to complete a
new NI 43-101-compliant Mineral Reserve and Resource statement by
the spring of 2018.
These latest results come from 4,168m of infill
and 2,541m of step-out exploration drilling which continue to
target the extensions of four ore bodies; namely Palmar Dyke, Santa
Elena, Victoria and Esperanza. Significant assay results have been
reported from 41 of the 49 holes and are summarized in the tables
below.
The Esperanza orebody is already being mined on
its western edge and this drilling represents a further extension
to the East at similar grades. The other three orebodies are very
close to existing workings and could be accessed within six to
twelve months. All orebodies remain open along strike and at depth.
Figure 1 below outlines the locations of the orebodies relative to
existing workings.
Chris Buncic, President and CEO of Ascendant
commented: “This second set of drill results from our 2017 drill
program are well above current mining grades and highlight the
incredible potential for additional high-grade zinc mineralization
at our El Mochito property. Part of our theory during our
acquisition of El Mochito was that lack of exploration over the
course of many years past has created a great opportunity to
significantly expand the resources and grade at the mine, and
results like these continue to inspire this confidence.
He continued, “Our efforts to increase the head
grade to the mill remain supported by the fact that several of the
areas under investigation could be brought into production over the
next six to twelve months. In addition, we are excited by the
potential of the higher copper grades found, though further work
will be required to assess the economic viability of producing a
copper concentrate in addition to our existing zinc, lead and
silver production.”
Table 1: Significant Assays |
|
|
|
|
|
|
|
|
|
|
|
|
DiamondDrill Hole
Category |
No. DDH |
From (m) |
To (m) |
Interval (m) |
True/ Apparent width* (m) |
ZnEq %** |
Zn % |
Pb % |
Ag g/t |
Cu % |
Area |
Infill |
10860 |
22.9 |
23.9 |
1.1 |
1.0 |
7.1 |
1.0 |
1.8 |
279 |
0.67 |
Palmar Dyke |
|
and |
182.6 |
186.6 |
4.0 |
3.6 |
9.3 |
3.7 |
3.4 |
170 |
0.11 |
Palmar Dyke |
|
and |
206.0 |
207.6 |
1.5 |
1.4 |
19.9 |
7.3 |
9.5 |
287 |
0.04 |
Palmar Dyke |
Step out |
10865 |
18.9 |
21.8 |
2.9 |
2.6 |
8.7 |
1.9 |
2.9 |
266 |
0.36 |
Palmar Dyke |
|
and |
156.4 |
158.5 |
2.1 |
1.9 |
22.7 |
12.8 |
8.6 |
174 |
0.03 |
Palmar Dyke |
Infill |
10867 |
174.0 |
182.6 |
8.5 |
7.7 |
10.0 |
6.5 |
2.9 |
69 |
0.14 |
Palmar Dyke |
|
including |
174.0 |
178.3 |
4.3 |
3.8 |
8.5 |
5.7 |
2.3 |
53 |
0.12 |
Palmar Dyke |
|
including |
178.3 |
182.6 |
4.3 |
3.8 |
11.5 |
7.3 |
3.4 |
85 |
0.17 |
Palmar Dyke |
Infill |
10869 |
18.3 |
20.3 |
1.9 |
1.7 |
5.9 |
2.0 |
2.2 |
121 |
0.33 |
Palmar Dyke |
Infill |
10871 |
194.8 |
199.6 |
4.9 |
4.4 |
6.0 |
3.8 |
1.6 |
55 |
0.15 |
Palmar Dyke |
|
including |
194.8 |
196.6 |
1.8 |
1.6 |
10.2 |
7.0 |
2.4 |
74 |
0.22 |
Palmar Dyke |
|
including |
196.6 |
199.6 |
3.0 |
2.7 |
3.5 |
1.8 |
1.2 |
43 |
0.10 |
Palmar Dyke |
Infill |
10873 |
190.2 |
195.1 |
4.9 |
4.4 |
18.2 |
9.5 |
6.7 |
190 |
0.09 |
Palmar Dyke |
|
including |
190.2 |
192.0 |
1.8 |
1.6 |
8.7 |
5.3 |
2.0 |
102.0 |
0.1 |
Palmar Dyke |
|
including |
192.0 |
195.1 |
3.0 |
2.7 |
23.9 |
12.1 |
9.5 |
244 |
0.07 |
Palmar Dyke |
Step out |
10874 |
No Significant intercepts |
Palmar Dyke |
Infill |
10875 |
128.9 |
130.4 |
1.5 |
1.3 |
23.3 |
0.8 |
2.7 |
1221 |
0.74 |
Palmar Dyke |
|
and |
169.2 |
175.3 |
6.1 |
5.5 |
45.5 |
5.2 |
2.7 |
2297 |
0.98 |
Palmar Dyke |
|
including |
169.2 |
170.7 |
1.5 |
1.4 |
159.7 |
16.1 |
7.9 |
8263 |
3.36 |
Palmar Dyke |
|
including |
170.7 |
174.0 |
3.4 |
3.0 |
7.2 |
1.6 |
1.0 |
286 |
0.14 |
Palmar Dyke |
|
including |
174.0 |
175.3 |
1.2 |
1.1 |
8.2 |
1.3 |
1.0 |
368 |
0.29 |
Palmar Dyke |
|
and |
199.2 |
200.6 |
1.4 |
1.3 |
7.7 |
2.4 |
2.5 |
199 |
0.08 |
Palmar Dyke |
Infill |
10876 |
45.0 |
46.0 |
1.1 |
1.0 |
6.9 |
0.3 |
0.3 |
388 |
0.28 |
Palmar Dyke |
|
and |
148.1 |
150.0 |
1.8 |
1.6 |
7.8 |
1.0 |
0.9 |
361 |
0.06 |
Palmar Dyke |
Infill |
10877 |
181.4 |
182.9 |
1.5 |
1.4 |
4.1 |
1.3 |
1.0 |
121 |
0.07 |
Palmar Dyke |
Step out |
10878 |
11.0 |
12.2 |
1.2 |
1.1 |
8.7 |
2.7 |
2.3 |
253 |
0.34 |
Palmar Dyke |
Infill |
10879 |
152.4 |
161.8 |
9.4 |
4.6 |
8.5 |
3.7 |
2.4 |
171 |
0.18 |
Palmar Dyke |
|
including |
152.4 |
153.8 |
1.4 |
1.2 |
6.3 |
0.6 |
0.6 |
314 |
0.09 |
Palmar Dyke |
|
including |
155.4 |
157.7 |
2.3 |
2.1 |
4.1 |
1.7 |
1.6 |
71 |
0.11 |
Palmar Dyke |
|
including |
160.4 |
161.8 |
1.4 |
1.3 |
17.8 |
10.1 |
5.6 |
193 |
0.37 |
Palmar Dyke |
Step out |
10880 |
8.7 |
14.3 |
5.6 |
5.1 |
7.6 |
3.1 |
2.5 |
149 |
0.55 |
Palmar Dyke |
|
and |
25.6 |
26.5 |
0.9 |
0.8 |
53.3 |
14.4 |
7.8 |
1958 |
1.28 |
Palmar Dyke |
|
and |
160.9 |
163.7 |
2.7 |
2.5 |
8.5 |
5.6 |
2.5 |
50 |
0.06 |
Palmar Dyke |
Infill |
10881 |
19.2 |
20.7 |
1.5 |
1.4 |
19.7 |
7.8 |
8.1 |
315 |
0.52 |
Palmar Dyke |
|
and |
140.4 |
141.2 |
0.9 |
0.8 |
12.6 |
0.6 |
0.5 |
700 |
0.20 |
Palmar Dyke |
|
and |
148.1 |
150.3 |
2.1 |
1.9 |
5.0 |
0.4 |
0.5 |
255 |
0.05 |
Palmar Dyke |
|
and |
159.4 |
160.8 |
1.4 |
1.3 |
20.5 |
8.5 |
8.9 |
284 |
0.02 |
Palmar Dyke |
Step out |
10882 |
155.4 |
158.5 |
3.0 |
2.7 |
6.7 |
5.5 |
0.7 |
39 |
0.10 |
Palmar Dyke |
Step out |
10884 |
119.9 |
123.1 |
3.2 |
2.9 |
9.4 |
1.7 |
2.4 |
341 |
0.10 |
Palmar Dyke |
|
and |
132.7 |
134.7 |
2.0 |
1.8 |
7.8 |
4.8 |
2.2 |
73 |
0.04 |
Palmar Dyke |
|
and |
158.5 |
163.1 |
4.6 |
4.1 |
11.1 |
10.1 |
0.6 |
31 |
0.12 |
Palmar Dyke |
Step out |
10858 |
25.6 |
28.0 |
2.4 |
2.1 |
5.8 |
3.1 |
2.5 |
37 |
0.37 |
Victoria |
Step out |
10859 |
43.7 |
46.5 |
2.7 |
2.3 |
8.1 |
4.3 |
3.4 |
56 |
0.62 |
Victoria |
Step out |
10861 |
33.5 |
35.1 |
1.6 |
1.3 |
8.1 |
4.7 |
3.6 |
30 |
0.04 |
Victoria |
Step out |
10862 |
29.1 |
30.8 |
1.7 |
1.4 |
5.9 |
3.1 |
2.8 |
33 |
0.10 |
Victoria |
Step out |
10863 |
23.6 |
25.0 |
1.4 |
1.2 |
4.2 |
2.1 |
2.2 |
19 |
0.01 |
Victoria |
Step out |
10864 |
26.3 |
26.9 |
0.6 |
0.5 |
7.3 |
3.7 |
3.6 |
39 |
0.17 |
Victoria |
Step out |
10866 |
151.8 |
156.7 |
4.9 |
2.9 |
7.4 |
6.3 |
0.9 |
19 |
0.01 |
Victoria |
|
including |
151.8 |
153.6 |
1.8 |
1.1 |
3.8 |
2.8 |
0.8 |
18 |
0.02 |
Victoria |
|
including |
153.6 |
156.7 |
3.0 |
1.8 |
9.5 |
8.4 |
1.0 |
19 |
0.01 |
Victoria |
|
and |
166.4 |
167.6 |
1.2 |
0.7 |
11.1 |
10.7 |
0.2 |
18 |
0.23 |
Victoria |
Step out |
10868 |
94.4 |
95.7 |
1.3 |
0.8 |
6.4 |
4.0 |
2.3 |
34 |
0.47 |
Victoria |
|
and |
116.4 |
119.5 |
3.0 |
1.8 |
5.5 |
4.5 |
1.0 |
12 |
0.06 |
Victoria |
|
and |
141.7 |
143.3 |
1.5 |
0.9 |
13.5 |
12.9 |
0.3 |
24 |
0.13 |
Victoria |
Step out |
10870 |
115.1 |
121.9 |
6.9 |
4.1 |
12.0 |
10.0 |
1.9 |
23 |
0.17 |
Victoria |
|
including |
115.1 |
118.0 |
2.9 |
1.7 |
10.2 |
6.2 |
4.3 |
32 |
0.01 |
Victoria |
|
including |
118.0 |
119.7 |
1.7 |
1.0 |
1.1 |
0.9 |
0.2 |
3 |
0.01 |
Victoria |
|
including |
119.7 |
121.9 |
2.3 |
1.4 |
22.6 |
21.9 |
0.3 |
26 |
0.50 |
Victoria |
|
and |
144.2 |
145.7 |
1.5 |
0.9 |
7.8 |
7.3 |
0.3 |
18 |
0.02 |
Victoria |
|
and |
146.6 |
147.7 |
1.1 |
0.6 |
12.5 |
9.0 |
2.5 |
87 |
0.64 |
Victoria |
Step out |
10872 |
84.4 |
86.1 |
1.7 |
1.0 |
14.0 |
7.9 |
6.0 |
75 |
0.20 |
Victoria |
|
and |
90.2 |
91.6 |
1.4 |
0.8 |
5.8 |
3.8 |
1.9 |
26 |
0.27 |
Victoria |
Step out |
10896 |
102.5 |
105.1 |
2.6 |
1.6 |
6.1 |
3.5 |
2.6 |
28 |
0.09 |
Victoria |
Step out |
10905 |
56.4 |
59.1 |
2.7 |
1.6 |
9.7 |
5.7 |
4.0 |
43 |
0.02 |
Victoria |
Infill |
10883 |
304.5 |
311.2 |
6.7 |
6.7 |
9.2 |
5.6 |
3.5 |
39 |
0.03 |
Santa Elena |
|
including |
304.5 |
307.2 |
2.7 |
2.7 |
3.2 |
2.2 |
0.8 |
21 |
0.00 |
Santa Elena |
|
including |
307.2 |
311.2 |
4.0 |
4.0 |
13.3 |
8.0 |
5.4 |
52 |
0.05 |
Santa Elena |
Infill |
10887 |
305.8 |
334.1 |
28.3 |
23.4 |
7.7 |
6.5 |
1.0 |
24 |
0.04 |
Santa Elena |
|
including |
305.8 |
311.5 |
5.7 |
3.5 |
14.4 |
8.3 |
5.3 |
103 |
0.09 |
Santa Elena |
|
including |
311.5 |
315.5 |
4.0 |
3.6 |
11.2 |
9.6 |
1.6 |
22 |
0.04 |
Santa Elena |
|
including |
315.5 |
319.1 |
3.7 |
3.3 |
9.0 |
8.7 |
0.1 |
11 |
0.03 |
Santa Elena |
|
including |
319.1 |
323.1 |
4.0 |
3.6 |
3.1 |
2.9 |
0.1 |
8 |
0.02 |
Santa Elena |
|
including |
323.1 |
326.7 |
3.7 |
3.3 |
6.1 |
5.7 |
0.2 |
11 |
0.05 |
Santa Elena |
|
including |
326.7 |
334.1 |
7.3 |
6.6 |
5.0 |
4.9 |
0.0 |
7 |
0.02 |
Santa Elena |
Infill |
10886 |
24.4 |
32.6 |
8.2 |
7.0 |
5.8 |
4.8 |
0.5 |
40 |
0.07 |
Esperanza |
|
including |
24.4 |
27.3 |
2.9 |
2.5 |
4.4 |
3.2 |
0.7 |
33 |
0.08 |
Esperanza |
|
including |
27.3 |
32.6 |
5.3 |
4.5 |
6.6 |
5.6 |
0.3 |
43 |
0.07 |
Esperanza |
Infill |
10888 |
15.0 |
18.3 |
3.3 |
2.8 |
4.5 |
2.6 |
1.8 |
26 |
0.00 |
Esperanza |
Infill |
10889 |
No Significant intercepts |
Esperanza |
Infill |
10890 |
23.2 |
25.0 |
1.8 |
1.1 |
6.2 |
3.3 |
2.6 |
40 |
0.0 |
Esperanza |
|
and |
29.6 |
36.3 |
6.7 |
4.0 |
11.6 |
6.4 |
4.9 |
75 |
0.06 |
Esperanza |
|
including |
29.6 |
32.6 |
3.0 |
1.8 |
14.4 |
8.0 |
5.9 |
93 |
0.06 |
Esperanza |
|
including |
32.6 |
33.5 |
0.9 |
0.5 |
4.8 |
2.5 |
2.1 |
34 |
0.04 |
Esperanza |
|
including |
33.5 |
35.1 |
1.5 |
0.9 |
16.1 |
8.8 |
6.9 |
100 |
0.08 |
Esperanza |
|
including |
35.1 |
36.3 |
1.2 |
0.7 |
4.4 |
2.2 |
2.1 |
31 |
0.05 |
Esperanza |
Infill |
10891 |
16.9 |
19.8 |
3.0 |
2.5 |
5.0 |
2.8 |
2.1 |
29 |
0.00 |
Esperanza |
|
and |
21.6 |
25.9 |
4.3 |
3.6 |
4.5 |
3.2 |
0.4 |
58 |
0.05 |
Esperanza |
Infill |
10893 |
No Significant intercepts |
Esperanza |
Infill |
10894 |
No Significant intercepts |
Esperanza |
Infill |
10895 |
No Significant intercepts |
Esperanza |
Infill |
10897 |
No Significant intercepts |
Esperanza |
Infill |
10898 |
40.8 |
45.1 |
4.3 |
2.6 |
8.4 |
5.3 |
2.9 |
45 |
0.02 |
Esperanza |
|
including |
40.8 |
43.0 |
2.1 |
1.3 |
11.8 |
8.2 |
3.2 |
60 |
0.04 |
Esperanza |
|
including |
43.0 |
45.1 |
2.1 |
1.3 |
5.0 |
2.4 |
2.6 |
30 |
0.00 |
Esperanza |
Infill |
10899 |
No Significant intercepts |
Esperanza |
Infill |
10901 |
21.3 |
27.3 |
5.9 |
3.6 |
8.9 |
5.9 |
1.9 |
87 |
0.42 |
Esperanza |
|
including |
21.3 |
22.3 |
0.9 |
0.5 |
4.0 |
1.9 |
2.2 |
24 |
0.00 |
Esperanza |
|
including |
22.3 |
24.4 |
2.1 |
1.3 |
8.7 |
5.4 |
3.2 |
46 |
0.01 |
Esperanza |
|
including |
24.4 |
25.9 |
1.5 |
0.9 |
14.62 |
10.8 |
0.6 |
204 |
1.26 |
Esperanza |
|
including |
25.9 |
27.3 |
1.4 |
0.8 |
6.06 |
4.2 |
1.0 |
61 |
0.41 |
Esperanza |
|
and |
35.1 |
45.4 |
10.4 |
6.2 |
8.58 |
7.9 |
0.1 |
36 |
0.09 |
Esperanza |
|
including |
35.1 |
38.1 |
3.0 |
1.8 |
9.28 |
8.9 |
0.1 |
19 |
0.07 |
Esperanza |
|
including |
38.1 |
41.8 |
3.7 |
2.2 |
7.91 |
7.4 |
0.1 |
28 |
0.07 |
Esperanza |
|
including |
41.8 |
45.4 |
3.7 |
2.2 |
8.65 |
7.6 |
0.2 |
57 |
0.12 |
Esperanza |
Infill |
10903 |
No Significant intercepts |
Esperanza |
Infill |
10904 |
70.6 |
90.8 |
20.3 |
12.2 |
12.6 |
6.6 |
5.6 |
81 |
0.1 |
Esperanza |
|
including |
70.6 |
72.2 |
1.7 |
1.0 |
12.6 |
6.6 |
5.6 |
89 |
0.0 |
Esperanza |
|
including |
72.2 |
73.2 |
0.9 |
0.5 |
17.3 |
8.6 |
8.7 |
92 |
0.0 |
Esperanza |
|
including |
73.2 |
74.7 |
1.5 |
0.9 |
21.8 |
12.1 |
9.2 |
129 |
0.1 |
Esperanza |
|
including |
74.7 |
76.2 |
1.5 |
0.9 |
6.8 |
4.3 |
2.4 |
35 |
0.1 |
Esperanza |
|
including |
76.2 |
77.7 |
1.5 |
0.9 |
21.4 |
12.0 |
9.0 |
119 |
0.2 |
Esperanza |
|
including |
77.7 |
79.7 |
2.0 |
1.2 |
31.5 |
16.1 |
12.6 |
307 |
0.8 |
Esperanza |
|
including |
79.7 |
81.4 |
1.7 |
1.0 |
7.2 |
4.1 |
3.2 |
30 |
0.0 |
Esperanza |
|
including |
81.4 |
83.2 |
1.8 |
1.1 |
5.8 |
3.2 |
2.7 |
26 |
0.0 |
Esperanza |
|
including |
83.2 |
85.0 |
1.8 |
1.1 |
7.9 |
3.9 |
4.0 |
43 |
0.0 |
Esperanza |
|
including |
85.0 |
86.9 |
1.8 |
1.1 |
8.3 |
4.2 |
4.2 |
40 |
0.0 |
Esperanza |
|
including |
86.9 |
88.7 |
1.8 |
1.1 |
9.0 |
4.6 |
4.6 |
41 |
0.0 |
Esperanza |
|
including |
88.7 |
89.9 |
1.2 |
0.7 |
2.5 |
1.4 |
1.2 |
9 |
0.0 |
Esperanza |
|
including |
89.9 |
90.8 |
0.9 |
0.5 |
7.7 |
3.8 |
4.0 |
39 |
0.0 |
Esperanza |
Infill |
10906 |
62.2 |
85.6 |
23.5 |
14.1 |
6.8 |
4.1 |
2.1 |
62 |
0.0 |
Esperanza |
|
including |
62.2 |
71.6 |
9.4 |
5.7 |
3.1 |
1.1 |
0.7 |
90 |
0.0 |
Esperanza |
|
including |
71.6 |
73.2 |
1.5 |
0.9 |
11.5 |
6.4 |
4.8 |
71 |
0.0 |
Esperanza |
|
including |
73.2 |
74.7 |
1.5 |
0.9 |
12.0 |
5.8 |
5.8 |
90 |
0.1 |
Esperanza |
|
including |
74.7 |
76.2 |
1.5 |
0.9 |
20.8 |
17.9 |
2.8 |
36 |
0.0 |
Esperanza |
|
including |
76.2 |
77.7 |
1.5 |
0.9 |
7.1 |
5.6 |
1.4 |
20 |
0.0 |
Esperanza |
|
including |
77.7 |
79.6 |
1.8 |
1.1 |
7.2 |
6.1 |
1.0 |
15 |
0.0 |
Esperanza |
|
including |
79.6 |
80.8 |
1.2 |
0.7 |
2.6 |
0.7 |
1.9 |
23 |
0.0 |
Esperanza |
|
including |
80.8 |
82.3 |
1.5 |
0.9 |
4.2 |
2.0 |
1.9 |
42 |
0.1 |
Esperanza |
|
including |
82.3 |
85.6 |
3.4 |
2.0 |
8.7 |
4.7 |
3.9 |
44 |
0.0 |
Esperanza |
|
including |
88.4 |
89.6 |
1.2 |
0.7 |
2.9 |
1.9 |
0.9 |
13 |
0.0 |
Esperanza |
Infill |
10907 |
81.1 |
88.0 |
6.9 |
4.1 |
7.7 |
4.2 |
2.4 |
92 |
0.1 |
Esperanza |
|
including |
81.1 |
82.3 |
1.2 |
0.7 |
4.5 |
1.5 |
0.4 |
165 |
0.6 |
Esperanza |
|
including |
82.3 |
84.1 |
1.8 |
1.1 |
4.5 |
3.2 |
0.4 |
61 |
0.0 |
Esperanza |
|
including |
84.1 |
86.0 |
1.8 |
1.1 |
13.5 |
7.8 |
4.6 |
117 |
0.1 |
Esperanza |
|
including |
86.0 |
88.0 |
2.0 |
1.2 |
7.2 |
3.6 |
3.3 |
53 |
0.0 |
Esperanza |
Infill |
10910 |
74.3 |
85.2 |
10.9 |
6.5 |
9.0 |
4.3 |
4.7 |
54 |
0.0 |
Esperanza |
|
including |
74.3 |
75.4 |
1.1 |
0.7 |
6.8 |
3.6 |
3.2 |
39 |
0.0 |
Esperanza |
|
including |
75.4 |
76.2 |
0.8 |
0.5 |
9.9 |
5.1 |
4.8 |
53 |
0.0 |
Esperanza |
|
including |
76.2 |
78.3 |
2.1 |
1.3 |
12.6 |
5.9 |
6.7 |
71 |
0.0 |
Esperanza |
|
including |
78.3 |
79.9 |
1.5 |
0.9 |
12.3 |
5.8 |
6.5 |
74 |
0.0 |
Esperanza |
|
including |
79.9 |
81.1 |
1.2 |
0.7 |
8.4 |
3.7 |
4.7 |
52 |
0.0 |
Esperanza |
|
including |
81.1 |
82.6 |
1.5 |
0.9 |
4.5 |
2.1 |
2.2 |
32 |
0.0 |
Esperanza |
|
including |
82.6 |
83.8 |
1.2 |
0.7 |
7.5 |
3.6 |
3.9 |
45 |
0.0 |
Esperanza |
|
including |
83.8 |
85.2 |
1.4 |
0.8 |
8.1 |
4.0 |
4.0 |
49 |
0.0 |
Esperanza |
Infill |
10911 |
74.1 |
87.0 |
13.0 |
7.8 |
6.7 |
3.5 |
3.0 |
43 |
0.0 |
Esperanza |
|
including |
74.1 |
75.9 |
1.8 |
1.1 |
5.5 |
2.9 |
2.2 |
47 |
0.1 |
Esperanza |
|
including |
75.9 |
77.4 |
1.5 |
0.9 |
5.5 |
2.8 |
2.7 |
33 |
0.0 |
Esperanza |
|
including |
77.4 |
79.2 |
1.8 |
1.1 |
9.0 |
5.3 |
3.6 |
43 |
0.0 |
Esperanza |
|
including |
79.2 |
80.8 |
1.5 |
0.9 |
6.6 |
3.7 |
2.8 |
38 |
0.0 |
Esperanza |
|
including |
80.8 |
82.3 |
1.5 |
0.9 |
4.8 |
2.5 |
2.3 |
28 |
0.0 |
Esperanza |
|
including |
82.3 |
83.8 |
1.5 |
0.9 |
6.2 |
3.0 |
3.2 |
37 |
0.0 |
Esperanza |
|
including |
83.8 |
85.3 |
1.5 |
0.9 |
3.2 |
0.9 |
2.3 |
23 |
0.0 |
Esperanza |
|
including |
85.3 |
87.0 |
1.7 |
1.0 |
11.9 |
6.4 |
4.9 |
91 |
0.0 |
Esperanza |
Infill |
10914 |
27.1 |
30.8 |
3.7 |
2.2 |
6.7 |
4.0 |
2.6 |
39 |
0.0 |
Esperanza |
|
and |
34.1 |
36.6 |
2.4 |
1.5 |
6.7 |
2.9 |
0.7 |
196 |
0.9 |
Esperanza |
|
and |
44.2 |
46.9 |
2.7 |
1.6 |
7.3 |
7.1 |
0.0 |
10 |
0.0 |
Esperanza |
* True Thickness is not known at this time in Palmar
Dyke and Victoria |
** ZnEq. Represents zinc grade together with the lead
and silver grades (zinc equivalent) in terms of zinc using certain
metal price, payable metal, and processing recoveries
assumptions: |
** ZnEq. Assumptions: Prices -
Zn$1.13/lb, Pb$1.00/lb, Ag$18.00/oz; Payable metal
- Zn 85%, Pb 95%, Ag 69%, Processing recoveries -
Zn 89%, Pb 74%, Ag 79%. Copper grades are currently excluded from
ZnEq. |
Table 2: Drill Hole Information |
|
|
|
Coordinates (UTM) |
|
Category |
No. DDH |
Easting (m) |
Northing (m) |
Elevation abovedatum (m) |
Azimutm |
Inclination |
Depth (m) |
Area/Ore body |
LevelUnderground (feet) |
|
Infill |
10860 |
384,283.3 |
1,642,151.9 |
112.7 |
330.5 |
51.0 |
241 |
Palmar Dyke |
2790 |
|
Step out |
10865 |
384,284.0 |
1,642,152.1 |
112.7 |
2 |
56 |
201 |
Palmar Dyke |
2790 |
|
Infill |
10867 |
384,284.5 |
1,642,151.9 |
108.4 |
23 |
62 |
201 |
Palmar Dyke |
2790 |
|
Infill |
10869 |
384,284.5 |
1,642,151.9 |
112.3 |
23 |
51 |
215 |
Palmar Dyke |
2790 |
|
Infill |
10871 |
384,284.1 |
1,642,150.8 |
114.9 |
22 |
83 |
213 |
Palmar Dyke |
2790 |
|
Infill |
10873 |
384,283.3 |
1,642,151.9 |
113.3 |
331 |
69 |
213 |
Palmar Dyke |
2790 |
|
Step out |
10874 |
384,377.9 |
1,642,145.1 |
113.1 |
40 |
64 |
169 |
Palmar Dyke |
2790 |
|
Infill |
10875 |
384,285.0 |
1,642,151.2 |
114.7 |
61 |
76 |
232 |
Palmar Dyke |
2790 |
|
Infill |
10876 |
384,376.3 |
1,642,144.1 |
114.1 |
347 |
75 |
187 |
Palmar Dyke |
2790 |
|
Infill |
10877 |
384,284.0 |
1,642,150.6 |
114.9 |
50 |
85 |
253 |
Palmar Dyke |
2790 |
|
Step out |
10878 |
384,376.4 |
1,642,143.8 |
114.1 |
360 |
80 |
197 |
Palmar Dyke |
2790 |
|
Infill |
10879 |
384,284.0 |
1,642,150.5 |
114.9 |
340 |
81 |
221 |
Palmar Dyke |
2790 |
|
Step out |
10880 |
384,376.4 |
1,642,143.6 |
114.1 |
30 |
70 |
176 |
Palmar Dyke |
2790 |
|
Infill |
10881 |
384,284.0 |
1,642,152.1 |
113.0 |
0 |
60 |
235 |
Palmar Dyke |
2790 |
|
Step out |
10882 |
384,376.4 |
1,642,145.6 |
112.8 |
358 |
52 |
183 |
Palmar Dyke |
2790 |
|
Step out |
10884 |
384,375.6 |
1,642,145.9 |
113.1 |
15 |
62 |
175 |
Palmar Dyke |
2790 |
|
Step out |
10858 |
384,376.4 |
1,642,144.0 |
108.8 |
358.0 |
-49.8 |
94 |
Victoria |
2790 |
|
Step out |
10859 |
384,376.4 |
1,642,144.0 |
109.7 |
0.2 |
-22.0 |
91 |
Victoria |
2790 |
|
Step out |
10861 |
384,377.2 |
1,642,144.6 |
108.8 |
32 |
-65 |
73 |
Victoria |
2790 |
|
Step out |
10862 |
384,377.3 |
1,642,144.9 |
108.8 |
30 |
-36 |
82 |
Victoria |
2790 |
|
Step out |
10863 |
384,377.6 |
1,642,144.4 |
108.8 |
43 |
-54 |
73 |
Victoria |
2790 |
|
Step out |
10864 |
384,378.3 |
1,642,144.9 |
109.7 |
47 |
-22 |
61 |
Victoria |
2790 |
|
Step out |
10866 |
384,376.8 |
1,642,142.1 |
108.8 |
164 |
-55 |
192 |
Victoria |
2790 |
|
Step out |
10868 |
384,376.7 |
1,642,142.8 |
108.8 |
166 |
-70 |
166 |
Victoria |
2790 |
|
Step out |
10870 |
384,375.9 |
1,642,141.4 |
108.8 |
193 |
-61 |
175 |
Victoria |
2790 |
|
Step out |
10872 |
384,376.1 |
1,642,142.0 |
108.8 |
190 |
-74 |
115 |
Victoria |
2790 |
|
Step out |
10896 |
384,284.0 |
1,642,148.3 |
108.4 |
148 |
-77.2 |
128 |
Victoria |
2790 |
|
Step out |
10905 |
384,284.8 |
1,642,146.6 |
108.4 |
159 |
-45.8 |
188 |
Victoria |
2790 |
|
Infill |
10883 |
383,372.8 |
1,642,806.6 |
123.2 |
10 |
-85 |
341 |
Santa Elena |
2680 |
|
Infill |
10887 |
383,372.9 |
1,642,807.0 |
123.2 |
15 |
-79 |
351 |
Santa Elena |
2680 |
|
Infill |
10886 |
381,744.6 |
1,642,922.4 |
176.6 |
275 |
-1 |
59 |
Esperanza |
2550 |
|
Infill |
10888 |
381,744.6 |
1,642,922.3 |
175.3 |
276 |
-26 |
32 |
Esperanza |
2550 |
|
Infill |
10889 |
381,745.5 |
1,642,922.3 |
175.0 |
276 |
-70 |
18 |
Esperanza |
2550 |
|
Infill |
10890 |
381,745.1 |
1,642,923.7 |
176.6 |
305 |
0.0 |
47 |
Esperanza |
2550 |
|
Infill |
10891 |
381,745.1 |
1,642,923.7 |
175.4 |
305 |
-25.0 |
45 |
Esperanza |
2550 |
|
Infill |
10893 |
381,745.6 |
1,642,923.3 |
175.1 |
300 |
-50 |
36 |
Esperanza |
2550 |
|
Infill |
10894 |
381,744.6 |
1,642,922.3 |
176.8 |
277 |
8 |
61 |
Esperanza |
2550 |
|
Infill |
10895 |
381,745.1 |
1,642,923.6 |
177.2 |
310 |
20 |
67 |
Esperanza |
2550 |
|
Infill |
10897 |
381,745.1 |
1,642,923.6 |
176.9 |
305 |
10 |
70 |
Esperanza |
2550 |
|
Infill |
10898 |
381,745.9 |
1,642,924.3 |
176.6 |
331 |
-1.0 |
73 |
Esperanza |
2550 |
|
Infill |
10899 |
381,745.9 |
1,642,924.3 |
176.9 |
330 |
20 |
76 |
Esperanza |
2550 |
|
Infill |
10901 |
381,746.3 |
1,642,923.7 |
175.1 |
331 |
-21 |
59 |
Esperanza |
2550 |
|
Infill |
10903 |
381,744.2 |
1,642,921.3 |
176.6 |
254 |
0 |
34 |
Esperanza |
2550 |
|
Infill |
10904 |
381,746.5 |
1,642,924.7 |
176.6 |
350 |
0 |
101 |
Esperanza |
2550 |
|
Infill |
10906 |
381,746.7 |
1,642,924.8 |
176.9 |
347 |
14.8 |
98 |
Esperanza |
2550 |
|
Infill |
10907 |
381,746.5 |
1,642,924.7 |
177.2 |
347 |
26 |
98 |
Esperanza |
2550 |
|
Infill |
10910 |
381,746.7 |
1,642,924.8 |
177.5 |
346.5 |
35.3 |
101 |
Esperanza |
2550 |
|
Infill |
10911 |
381,746.7 |
1,642,924.8 |
177.8 |
346.2 |
44.4 |
110 |
Esperanza |
2550 |
|
Infill |
10914 |
381,746.7 |
1,642,924.8 |
175.7 |
349 |
-25 |
82 |
Esperanza |
2550 |
|
Quality Assurance and Quality
Control
Analytical work was carried out by Bureau
Veritas Commodities Canada Ltd. (ACME), Vancouver, Canada.
Drill core samples were prepared in Bureau Veritas’s laboratory in
Guatemala City, Guatemala. Pulp samples were then sent to their
analytical Laboratory in Vancouver, Canada. All samples were
analyzed for zinc, Lead, copper, iron and silver values determined
by method code AR402 atomic absorption spectrometry, and any over
limit values were determined using method code FA410. Bureau
Veritas has routine quality control procedures which ensure that
every batch of 30 prepared samples includes three sample repeats,
two commercial standards and blanks. Bureau Veritas is independent
from Ascendant. Ascendant used standard QA/QC procedures, when
inserting blanks and certified reference standards, and included
duplicate samples for the drilling program. The scientific and
technical information in this press release has been reviewed and
approved by Robert A. Campbell, P.Geo., Director to Ascendant and a
Qualified Person as defined by National Instrument 43-101.
About Ascendant Resources
Ascendant Resources Inc. is a mining company
focused on its producing El Mochito zinc, silver and lead mine in
west-central Honduras in which the Company has a 100% interest. El
Mochito has been in production since 1948. The Company evaluates
producing and advanced development stage mineral resource
acquisition opportunities in North, South and Central America, on
an ongoing basis. The Company's common shares are principally
listed on the TSX Venture Exchange under the symbol "ASND". For
more information on Ascendant Resources, please visit our website
at www.ascendantresources.com.
Neither the TSX Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Exchange) accepts responsibility for the adequacy or accuracy
of this release. For further information please contact:
Katherine PrydeDirector, Communications &
Investor RelationsTel: 888-723-7413info@ascendantresources.com
Cautionary Notes to US
Investors
The information concerning the Company’s mineral
properties has been prepared in accordance with National Instrument
43-101 (“NI-43-101”) adopted by the Canadian Securities
Administrators. In accordance with NI-43-101, the terms “mineral
reserves”, “proven mineral reserve”, “probable mineral reserve”,
“mineral resource”, “measured mineral resource”, “indicated mineral
resource” and “inferred mineral resource” are defined in the
Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”)
Definition Standards for Mineral Resources and Mineral Reserves
adopted by the CIM Council on May 10, 2014. While the terms
“mineral resource”, “measured mineral resource”, “indicated mineral
resource” and “inferred mineral resource” are recognized and
required by NI 43-101, the U.S. Securities Exchange Commission
(“SEC”) does not recognize them. The reader is cautioned that,
except for that portion of mineral resources classified as mineral
reserves, mineral resources do not have demonstrated economic
value. Inferred mineral resources have a high degree of uncertainty
as to their existence and as to whether they can be economically or
legally mined. It cannot be assumed that all or any part of any
inferred mineral resource will ever be upgraded to a higher
category. Therefore, the reader is cautioned not to assume that all
or any part of an inferred mineral resource exists, that it can be
economically or legally mined, or that it will ever be upgraded to
a higher category. Likewise, you are cautioned not to assume that
all or any part of a measured or indicated mineral resource will
ever be upgraded into mineral reserves.
Readers should be aware that the Company’s
financial statements (and information derived therefrom) have been
prepared in accordance with International Financial Reporting
Standards (“IFRS”) as issued by the International Accounting
Standards Board and are subject to Canadian auditing and auditor
independence standards. IFRS differs in some respects from United
States generally accepted accounting principles and thus the
Company’s financial statements (and information derived therefrom)
may not be comparable to those of United States companies.
Cautionary Note Regarding
Forward-Looking Information
Forward Looking
Information
This news release contains "forward-looking
statements" and "forward-looking information" (collectively,
"forward-looking information") within the meaning of applicable
Canadian securities legislation. All information contained in this
news release, other than statements of current and historical fact,
is forward-looking information. Often, but not always,
forward-looking information can be identified by the use of words
such as "plans", "expects", "budget", "guidance", "scheduled",
"estimates", "forecasts", "strategy", "target", "intends",
"objective", "goal", "understands", "anticipates" and "believes"
(and variations of these or similar words) and statements that
certain actions, events or results "may", "could", "would",
"should", "might" "occur" or "be achieved" or "will be taken" (and
variations of these or similar expressions). Forward-looking
information is also identifiable in statements of currently
occurring matters which may continue in the future, such as
"providing the Company with", "is currently", "allows/allowing
for", "will advance" or "continues to" or other statements that may
be stated in the present tense with future implications. All
of the forward-looking information in this news release is
qualified by this cautionary note.
Forward-looking information in this news release
includes, but is not limited to, statements regarding additional
drilling efforts, the possibility of dramatically increasing head
grades into the mining operation, the ability to expand the
resources and grades at the mine, access to additional orebodies,
assessing the economic viability of producing copper concentrate.
Forward-looking information is not, and cannot be, a guarantee of
future results or events. Forward-looking information is based on,
among other things, opinions, assumptions, estimates and analyses
that, while considered reasonable by Ascendant at the date the
forward-looking information is provided, inherently are subject to
significant risks, uncertainties, contingencies and other factors
that may cause actual results and events to be materially different
from those expressed or implied by the forward-looking information.
The material factors or assumptions that Ascendant identified and
were applied by Ascendant in drawing conclusions or making
forecasts or projections set out in the forward-looking information
include, but are not limited to, the Company’s ability to carry on
further drilling, the Company’s ability to access additional
orebodies, the Company’s ability to dramatically increase head
grades in the mining operation, the Company’s ability to expand the
resources and grades at the mine and the Company’s ability to
assess the economic viability of producing copper concentrate, and
other events that may affect Ascendant's ability to develop its
project; and no significant and continuing adverse changes in
general economic conditions or conditions in the financial
markets.
Forward looking statements are subject to known
and unknown risks, uncertainties and other important factors that
may cause the actual results, performance or achievements of
Ascendant to be materially different from those expressed or
implied by such forward looking statements, including, but not
limited to: the Company may not be able to increase head grades
into the mining operation, the Company may not be able to expand
the resources and grades at the mine, risks generally associated
with the mining industry, such as economic factors (including
future commodity prices, currency fluctuations, energy prices and
general cost escalation), uncertainties related to the development
and operation of Ascendant's projects, dependence on key personnel
and employee and union relations, risks related to political or
social unrest or change, rights and title claims, operational risks
and hazards, including unanticipated environmental, industrial and
geological events and developments and the inability to insure
against all risks, failure of plant, equipment, processes,
transportation and other infrastructure to operate as anticipated,
compliance with government and environmental regulations, including
permitting requirements and anti-bribery legislation, volatile
financial markets that may affect Ascendant's ability to obtain
additional financing on acceptable terms, the failure to obtain
required approvals or clearances from government authorities on a
timely basis, uncertainties related to the geology, continuity,
grade and estimates of mineral reserves and resources, and the
potential for variations in grade and recovery rates, uncertain
costs of reclamation activities, tax refunds, hedging transactions,
as well as the risks discussed in Ascendant's most recent Annual
Information Form on file with the Canadian provincial securities
regulatory authorities and available at www.sedar.com.
Should one or more risk, uncertainty,
contingency or other factor materialize or should any factor or
assumption prove incorrect, actual results could vary materially
from those expressed or implied in the forward-looking information.
Accordingly, the reader should not place undue reliance on
forward-looking information. Ascendant does not assume any
obligation to update or revise any forward-looking information
after the date of this news release or to explain any material
difference between subsequent actual events and any forward-looking
information, except as required by applicable law.
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