Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9)
("Ascendant" or the "Company”) announces the results from an
additional 35 diamond drill holes totaling 5,945 meters (427
samples) as part of its 2017 underground exploration and resource
definition drilling program at its El Mochito mine in Honduras.
Key Highlights (true/apparent widths1)
Include:
Step-out Drilling
- DDH 10909 – 3.5m at 33.6% ZnEq2, 19.3% Zn,
15.0% Pb and 121.5 g/t Ag (Deep East)
- DDH 10941 – 15.1m at 8.1% ZnEq, 6.0% Zn, 1.4%
Pb and 56.3 g/t Ag (Esperanza)
- DDH 10945 – 13.1m at 7.5% ZnEq, 4.0% Zn, 3.2%
Pb and 50.7 g/t Ag (Santa Elena)
Infill Drilling
- DDH 10932 – 3.5m at 19.6% ZnEq, 29.1% Zn,
23.4% Pb and 717 g/t Ag (Port Royal)
- DDH 10936 – 23.5m at 10.1% ZnEq, 7.6% Zn, 2.5%
Pb and 27.4 g/t Ag (Santa Elena)
- DDH 10915 – 17.5m at 9.7% ZnEq, 8.0% Zn, 1.7%
Pb and 23.4 g/t Ag (Santa Elena)
- DDH 10902 – 6.9m at 12.9% ZnEq, 7.5% Zn, 4.8%
Pb and 86.7 g/t Ag (Santa Elena)
The Company has now received results for nearly
all of its 2017 planned drilling program. These latest results
comprise 3,627 meters of definition drilling and 2,318 meters of
exploration drilling. The drilling was concentrated in five areas
of the mine; Deep East, Port Royal, Santa Elena, Victoria and
Esperanza (See Figure 1). Of the 35 holes reported, 30 intersected
high-grade intercepts with 14 returning significant assay results.
The results are summarized in the table below.
Apart from the remarkable grades found in the
Deep East area and good results achieved elsewhere, the new
drilling indicates that the Esperanza orebody is also bigger and
thicker than previously modeled. Given that mining is already
underway on the south side of the Esperanza ore body, its implied
increase in size likely points to increased quantities of
high-grade mill feed ore becoming available for mining in the next
two to six financial quarters. All ore bodies drilled apart from
the Port Royal area are open and continue laterally and at
depth.
A new, larger 40,000-meter exploration and
resource definition drilling program continues into 2018. A
National Instrument 43-101 technical report is being prepared for
release by the Company during the second quarter of 2018 which will
incorporate all drilling to date. Management is optimistic that the
expected increase in Mineral Resources and Reserves will
significantly extend the life of the El Mochito mine.
Chris Buncic, President and CEO of Ascendant
commented: These additional results continue to support our
optimism for the delineation of significant additional high-grade
zinc mineralization at our El Mochito property. We believe
continued drilling has the potential to significantly expand the
resources and improve grade at the mine, and results like these
continue to inspire our confidence that El Mochito has the
potential for a long life of mine. He continued, “Our efforts
to date have focused on near term opportunities to support higher
mill head grades. Going forward, higher grade chimney targets
remain a focus as do several near mine targets that could
significantly add to the resource base.”
Table 1: Significant Assays
Drill Hole Category |
DDH No. |
From (m) |
To (m) |
Length (m) |
True / Apparent Length (m)* |
Ag (g/t) |
Pb (%) |
Zn (%) |
ZnEq (%)** |
Area |
Step out |
10909 |
56.0 |
58.2 |
2.2 |
1.4 |
59.0 |
5.0 |
7.5 |
12.5 |
Deep East |
and |
63.7 |
65.7 |
2.0 |
1.4 |
29.0 |
2.3 |
2.6 |
4.9 |
and |
71.9 |
75.7 |
3.7 |
3.5 |
121.5 |
15.0 |
19.3 |
33.6 |
including |
71.9 |
73.5 |
1.5 |
1.5 |
84.0 |
11.6 |
12.1 |
23.0 |
including |
73.5 |
74.4 |
0.9 |
0.9 |
143.0 |
17.3 |
22.9 |
39.5 |
including |
74.4 |
75.7 |
1.3 |
1.2 |
152.0 |
17.4 |
25.4 |
42.2 |
and |
186.7 |
188.3 |
1.6 |
1.6 |
26.0 |
1.8 |
5.6 |
7.5 |
and |
192.0 |
193.5 |
1.5 |
1.1 |
8.0 |
0.3 |
4.6 |
4.9 |
Step out |
10912 |
19.5 |
20.7 |
1.2 |
0.6 |
46.0 |
4.6 |
0.5 |
5.1 |
Deep East |
and |
70.7 |
72.4 |
1.7 |
1.7 |
96.0 |
3.3 |
12.6 |
16.9 |
and |
75.6 |
76.7 |
1.1 |
0.9 |
137.0 |
4.8 |
3.7 |
9.9 |
and |
199.6 |
201.8 |
2.1 |
2.0 |
26.0 |
3.0 |
4.1 |
7.0 |
and |
209.9 |
212.1 |
2.3 |
2.3 |
10.0 |
0.8 |
3.6 |
4.4 |
Step out |
10941 |
377.6 |
395.5 |
18.0 |
15.1 |
56.3 |
1.4 |
6.0 |
8.1 |
Esperanza |
including |
377.6 |
382.5 |
4.9 |
4.4 |
33.1 |
1.4 |
9.1 |
10.8 |
including |
382.5 |
384.0 |
1.5 |
1.6 |
14.0 |
0.0 |
2.7 |
2.9 |
including |
384.0 |
388.3 |
4.3 |
3.9 |
47.2 |
2.0 |
8.6 |
11.1 |
including |
388.3 |
395.5 |
7.2 |
5.2 |
95.7 |
1.2 |
2.5 |
5.1 |
and |
399.1 |
419.1 |
20.0 |
16.8 |
36.1 |
0.8 |
5.6 |
6.9 |
including |
399.1 |
402.6 |
3.5 |
2.9 |
51.1 |
3.6 |
7.2 |
11.0 |
including |
402.6 |
419.1 |
16.5 |
13.9 |
33.0 |
0.2 |
5.3 |
6.0 |
Step out |
10919 |
292.3 |
293.8 |
1.5 |
0.8 |
37.0 |
2.6 |
2.3 |
5.1 |
Santa Elena |
and |
499.3 |
500.2 |
0.9 |
0.8 |
10.0 |
0.1 |
4.3 |
4.6 |
and |
505.7 |
509.2 |
3.5 |
3.1 |
24.8 |
2.0 |
5.0 |
7.0 |
Step out |
10945 |
477.9 |
492.7 |
14.8 |
13.1 |
50.7 |
3.2 |
4.0 |
7.5 |
Santa Elena |
including |
477.9 |
483.1 |
5.2 |
4.5 |
18.1 |
1.8 |
2.0 |
3.8 |
including |
483.1 |
484.9 |
1.8 |
1.7 |
43.0 |
6.8 |
5.4 |
11.7 |
including |
484.9 |
489.8 |
4.9 |
4.7 |
43.4 |
3.4 |
5.0 |
8.5 |
including |
489.8 |
491.5 |
1.7 |
1.4 |
211.0 |
5.0 |
5.9 |
13.5 |
including |
491.5 |
492.7 |
1.2 |
0.9 |
19.0 |
0.2 |
3.2 |
3.6 |
Step out |
10892 |
118.2 |
125.0 |
6.8 |
4.2 |
18.2 |
1.3 |
7.6 |
8.9 |
Victoria |
including |
118.2 |
123.4 |
5.2 |
2.8 |
18.8 |
1.6 |
5.2 |
6.8 |
including |
123.4 |
125.0 |
1.5 |
1.4 |
17.0 |
0.6 |
12.4 |
13.2 |
and |
155.4 |
157.0 |
1.5 |
1.2 |
20.0 |
0.6 |
5.6 |
6.4 |
Step out |
10900 |
84.4 |
84.9 |
0.5 |
0.3 |
57.0 |
5.0 |
8.1 |
13.2 |
Victoria |
Definition |
10916 |
24.4 |
26.2 |
1.8 |
0.7 |
50.0 |
1.6 |
1.9 |
4.0 |
Esperanza |
Definition |
10918 |
6.7 |
13.1 |
6.4 |
1.6 |
787.7 |
19.8 |
17.8 |
47.2 |
Port Royal |
and |
9.0 |
13.1 |
4.1 |
1.3 |
930.4 |
22.9 |
20.1 |
54.3 |
including |
9.0 |
11.0 |
2.0 |
0.8 |
850.0 |
16.8 |
30.5 |
58.4 |
including |
11.0 |
12.2 |
1.2 |
0.2 |
350.0 |
6.4 |
8.0 |
19.1 |
including |
12.2 |
13.1 |
0.9 |
0.3 |
1486.0 |
47.7 |
3.0 |
66.8 |
Definition |
10920 |
5.5 |
6.8 |
1.3 |
0.4 |
181.0 |
3.7 |
4.0 |
10.0 |
Port Royal |
Definition |
10921 |
No Significant Intercepts |
Port Royal |
Definition |
10923 |
No Significant Intercepts |
Port Royal |
Definition |
10924 |
4.6 |
6.6 |
2.0 |
0.5 |
243.0 |
9.5 |
9.3 |
21.2 |
Port Royal |
and |
11.3 |
14.2 |
2.9 |
0.8 |
431.6 |
10.6 |
6.4 |
22.3 |
including |
11.3 |
12.6 |
1.4 |
0.3 |
1006.0 |
25.0 |
14.5 |
51.7 |
including |
12.6 |
14.2 |
1.5 |
0.5 |
36.0 |
0.8 |
0.8 |
2.0 |
Definition |
10925 |
5.0 |
7.5 |
2.4 |
1.1 |
111.5 |
1.2 |
1.8 |
4.6 |
Port Royal |
Definition |
10926 |
No Significant Intercepts |
Port Royal |
Definition |
10927 |
5.2 |
6.4 |
1.2 |
0.4 |
219.0 |
1.8 |
1.4 |
6.5 |
Port Royal |
Definition |
10928 |
4.4 |
9.1 |
4.7 |
1.2 |
441.0 |
13.1 |
13.5 |
31.5 |
Port Royal |
including |
4.4 |
6.1 |
1.7 |
0.5 |
181.0 |
7.0 |
5.6 |
14.4 |
including |
6.1 |
7.6 |
1.5 |
0.2 |
707.0 |
19.6 |
23.4 |
51.2 |
including |
7.6 |
9.1 |
1.5 |
0.5 |
592.0 |
16.5 |
17.5 |
40.8 |
Definition |
10929 |
No Significant Intercepts |
Port Royal |
Definition |
10930 |
4.7 |
7.6 |
2.9 |
0.9 |
802.2 |
20.2 |
28.6 |
58.5 |
Port Royal |
and |
16.8 |
18.3 |
1.5 |
0.6 |
442.0 |
12.7 |
5.6 |
23.3 |
Definition |
10931 |
7.1 |
8.1 |
1.0 |
0.4 |
355.0 |
19.7 |
17.1 |
39.2 |
Port Royal |
and |
14.3 |
17.1 |
2.7 |
1.1 |
237.0 |
6.7 |
6.3 |
15.7 |
including |
14.3 |
15.5 |
1.2 |
0.6 |
345.0 |
9.5 |
11.7 |
25.2 |
including |
15.5 |
17.1 |
1.5 |
0.5 |
122.0 |
3.7 |
0.6 |
5.7 |
Definition |
10932 |
10.2 |
21.3 |
11.1 |
3.5 |
717.0 |
23.4 |
29.1 |
19.6 |
Port Royal |
including |
10.2 |
13.4 |
3.2 |
0.9 |
600.0 |
20.8 |
25.9 |
14.8 |
including |
13.4 |
15.2 |
1.8 |
0.4 |
137.0 |
3.7 |
3.5 |
8.9 |
including |
15.2 |
20.4 |
5.2 |
1.8 |
907.9 |
29.7 |
39.8 |
27.7 |
including |
20.4 |
21.3 |
0.9 |
0.4 |
111.0 |
4.0 |
1.1 |
6.2 |
and |
32.9 |
36.0 |
3.0 |
0.5 |
87.0 |
0.8 |
1.9 |
4.1 |
Definition |
10933 |
7.3 |
11.3 |
4.0 |
1.1 |
115.8 |
4.4 |
5.5 |
11.1 |
Port Royal |
including |
7.3 |
8.5 |
1.2 |
0.3 |
29.0 |
0.8 |
1.2 |
2.3 |
including |
8.5 |
9.6 |
1.1 |
0.5 |
230.0 |
9.2 |
11.5 |
22.8 |
including |
9.6 |
11.3 |
1.7 |
0.3 |
33.0 |
1.0 |
1.1 |
2.5 |
Definition |
10934 |
7.0 |
8.2 |
1.2 |
0.5 |
45.0 |
3.3 |
2.4 |
5.8 |
Port Royal |
Definition |
10935 |
No Significant Intercepts |
Port Royal |
Definition |
10937 |
10.7 |
12.2 |
1.5 |
0.6 |
96.0 |
4.0 |
1.2 |
6.0 |
Port Royal |
Definition |
10938 |
13.7 |
18.3 |
4.6 |
0.9 |
187.9 |
9.0 |
3.3 |
13.8 |
Port Royal |
including |
13.7 |
15.2 |
1.5 |
0.4 |
268.0 |
9.1 |
6.6 |
18.6 |
including |
15.2 |
16.8 |
1.5 |
0.2 |
77.0 |
2.2 |
0.4 |
3.5 |
including |
16.8 |
18.3 |
1.5 |
0.4 |
164.0 |
12.0 |
1.4 |
14.0 |
Definition |
10939 |
16.2 |
18.9 |
2.7 |
1.0 |
241.0 |
7.8 |
5.7 |
16.1 |
Port Royal |
Definition |
10940 |
19.7 |
21.6 |
2.0 |
0.7 |
68.0 |
2.9 |
1.7 |
5.2 |
Port Royal |
and |
26.2 |
27.3 |
1.1 |
0.4 |
138.0 |
4.5 |
1.9 |
7.8 |
Definition |
10885 |
360.6 |
361.8 |
1.2 |
0.9 |
8.0 |
0.1 |
6.7 |
6.9 |
Santa Elena |
and |
387.1 |
390.1 |
3.0 |
1.4 |
8.0 |
0.2 |
9.7 |
10.0 |
Definition |
10902 |
296.1 |
297.6 |
1.5 |
1.5 |
55.0 |
2.6 |
4.0 |
7.0 |
Santa Elena |
and |
301.2 |
308.5 |
7.2 |
6.9 |
86.7 |
4.8 |
7.5 |
12.9 |
including |
301.2 |
303.9 |
2.7 |
2.4 |
219.0 |
13.5 |
14.7 |
29.4 |
including |
303.9 |
308.5 |
4.6 |
4.5 |
15.0 |
0.1 |
3.6 |
3.9 |
and |
310.3 |
326.7 |
16.5 |
15.6 |
4.3 |
0.0 |
8.6 |
8.6 |
including |
310.3 |
312.1 |
1.8 |
1.8 |
5.0 |
0.0 |
19.3 |
19.3 |
including |
312.1 |
324.3 |
12.2 |
11.5 |
4.0 |
0.0 |
5.9 |
6.0 |
including |
324.3 |
325.5 |
1.2 |
1.2 |
3.0 |
0.0 |
18.3 |
18.3 |
including |
325.5 |
326.7 |
1.2 |
1.1 |
4.0 |
0.0 |
8.0 |
8.0 |
Definition |
10908 |
321.3 |
323.1 |
1.8 |
1.6 |
11.0 |
0.1 |
6.6 |
6.9 |
Santa Elena |
and |
327.7 |
329.4 |
1.7 |
1.2 |
23.0 |
0.9 |
3.5 |
4.6 |
and |
392.4 |
393.8 |
1.4 |
1.1 |
21.0 |
1.4 |
2.5 |
4.0 |
Definition |
10915 |
274.3 |
275.8 |
1.5 |
0.9 |
30.0 |
2.6 |
4.3 |
6.9 |
Santa Elena |
and |
308.9 |
310.3 |
1.4 |
1.1 |
28.0 |
1.4 |
2.4 |
4.0 |
and |
378.0 |
396.8 |
18.9 |
17.5 |
23.4 |
1.7 |
8.0 |
9.7 |
including |
378.0 |
380.4 |
2.4 |
2.3 |
54.0 |
5.2 |
7.1 |
12.3 |
including |
380.4 |
381.4 |
1.0 |
1.0 |
4.0 |
0.4 |
0.3 |
0.7 |
including |
381.4 |
384.0 |
2.7 |
2.5 |
48.0 |
4.1 |
8.6 |
12.7 |
including |
384.0 |
390.1 |
6.1 |
5.5 |
11.0 |
0.3 |
3.6 |
4.0 |
including |
390.1 |
393.8 |
3.7 |
3.4 |
14.0 |
0.4 |
20.0 |
20.5 |
including |
393.8 |
396.8 |
3.0 |
2.6 |
18.0 |
1.0 |
4.8 |
5.9 |
and |
398.4 |
399.6 |
1.2 |
0.8 |
42.0 |
5.6 |
5.1 |
10.4 |
and |
400.8 |
402.9 |
2.1 |
1.9 |
28.0 |
0.5 |
4.7 |
5.5 |
and |
411.5 |
415.1 |
3.7 |
2.1 |
19.9 |
0.0 |
14.3 |
14.6 |
Definition |
10936 |
301.4 |
302.4 |
0.9 |
0.8 |
128.0 |
8.7 |
9.7 |
18.9 |
Santa Elena |
and |
371.2 |
373.2 |
2.0 |
1.4 |
27.0 |
4.8 |
1.2 |
5.6 |
and |
406.1 |
407.4 |
1.2 |
1.2 |
30.0 |
2.8 |
2.8 |
5.6 |
and |
409.1 |
436.8 |
27.8 |
23.5 |
27.4 |
2.5 |
7.6 |
10.1 |
including |
409.1 |
413.9 |
4.8 |
4.0 |
30.5 |
3.2 |
5.6 |
8.7 |
including |
413.9 |
415.7 |
1.8 |
1.8 |
59.0 |
7.4 |
8.6 |
15.6 |
including |
415.7 |
418.2 |
2.4 |
1.7 |
12.9 |
1.4 |
2.5 |
3.9 |
including |
418.2 |
424.0 |
5.8 |
4.7 |
62.0 |
5.8 |
12.2 |
18.0 |
including |
424.0 |
426.7 |
2.7 |
2.3 |
3.8 |
0.1 |
5.1 |
5.2 |
including |
426.7 |
429.8 |
3.0 |
3.0 |
23.6 |
1.0 |
12.7 |
13.9 |
including |
429.8 |
436.8 |
7.1 |
6.1 |
4.3 |
0.1 |
5.0 |
5.2 |
and |
449.6 |
451.2 |
1.6 |
1.2 |
1.0 |
0.0 |
4.9 |
4.9 |
Definition |
10942 |
300.8 |
302.6 |
1.8 |
1.4 |
32.0 |
0.1 |
3.9 |
4.5 |
Santa Elena |
and |
374.2 |
375.2 |
1.0 |
0.9 |
29.0 |
3.2 |
3.2 |
6.3 |
and |
380.4 |
391.7 |
11.3 |
9.6 |
17.6 |
0.8 |
5.1 |
6.0 |
including |
380.4 |
382.2 |
1.8 |
1.7 |
52.0 |
4.1 |
6.7 |
10.9 |
including |
382.2 |
391.7 |
9.4 |
7.9 |
10.4 |
0.1 |
4.7 |
5.0 |
Definition |
10943 |
307.3 |
308.8 |
1.4 |
1.1 |
17.0 |
2.4 |
3.9 |
6.2 |
Santa Elena |
and |
401.4 |
402.4 |
1.1 |
0.9 |
7.0 |
0.2 |
8.0 |
8.2 |
and |
408.4 |
417.6 |
9.1 |
7.7 |
20.3 |
0.9 |
7.3 |
8.4 |
including |
408.4 |
410.0 |
1.5 |
1.2 |
56.0 |
2.8 |
5.1 |
8.3 |
including |
410.0 |
411.3 |
1.3 |
1.0 |
37.0 |
0.9 |
0.9 |
2.2 |
including |
411.3 |
416.1 |
4.8 |
4.1 |
11.4 |
0.7 |
7.3 |
8.0 |
including |
416.1 |
417.6 |
1.5 |
1.5 |
5.0 |
0.1 |
13.5 |
13.6 |
and |
433.4 |
434.7 |
1.3 |
0.9 |
13.0 |
1.5 |
2.7 |
4.1 |
and |
438.3 |
438.8 |
0.5 |
0.5 |
13.0 |
0.6 |
3.7 |
4.4 |
* True Thickness and apparent widths are
estimates. |
** 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%. |
Table 2: Drill Hole Information
|
|
|
|
UTM Coordinates |
|
|
|
Area |
Drill Hole Category |
Mine Level (ft) |
DDH No. |
Easting (m) |
Northing (m) |
Elev. (m) |
Azi. |
Incl. |
Length (m) |
Santa Elena |
Definition |
2680 |
10885 |
383,373.1 |
1,642,807.8 |
123.0 |
19 |
-59 |
438.9 |
Victoria |
Exploration |
2790 |
10892 |
384,284.3 |
1,642,147.7 |
108.4 |
149 |
-55 |
179.8 |
Victoria |
Exploration |
2790 |
10900 |
384,285.4 |
1,642,148.3 |
108.4 |
96 |
-59 |
179.8 |
Santa Elena |
Definition |
2680 |
10902 |
383,372.0 |
1,642,807.5 |
123.0 |
359 |
-78 |
346.3 |
Santa Elena |
Definition |
2680 |
10908 |
383,373.2 |
1,642,807.6 |
123.2 |
5 |
-58 |
417.3 |
Deep East |
Exploration |
2790 |
10909 |
384,284.0 |
1,642,149.0 |
108.4 |
6 |
-53 |
220.4 |
Deep East |
Exploration |
2790 |
10912 |
384,283.5 |
1,642,151.0 |
108.4 |
350 |
-39 |
270.4 |
Santa Elena |
Definition |
2680 |
10915 |
383,373.5 |
1,642,807.5 |
123.0 |
28 |
-59 |
442.0 |
Esperanza |
Definition |
2550 |
10916 |
381,747.0 |
1,642,923.6 |
175.1 |
344 |
-60 |
30.5 |
Port Royal |
Definition |
1195 |
10918 |
382,370.5 |
1,642,401.3 |
569.8 |
352 |
-44 |
27.4 |
Santa Elena |
Exploration |
2680 |
10919 |
383,373.2 |
1,642,807.6 |
123.2 |
49 |
-54 |
530.4 |
Port Royal |
Definition |
1195 |
10920 |
382,370.7 |
1,642,400.9 |
569.8 |
351 |
-80 |
24.4 |
Port Royal |
Definition |
1195 |
10921 |
382,371.3 |
1,642,400.7 |
569.8 |
18 |
-50 |
30.5 |
Port Royal |
Definition |
1195 |
10923 |
382,371.4 |
1,642,399.9 |
569.8 |
42 |
-64 |
25.3 |
Port Royal |
Definition |
1195 |
10924 |
382,369.7 |
1,642,401.0 |
569.8 |
327 |
-39 |
25.9 |
Port Royal |
Definition |
1195 |
10925 |
382,367.4 |
1,642,400.8 |
569.9 |
292 |
-34 |
18.3 |
Port Royal |
Definition |
1195 |
10926 |
382,366.4 |
1,642,398.9 |
569.9 |
263 |
-33 |
33.5 |
Port Royal |
Definition |
1195 |
10927 |
382,368.0 |
1,642,400.6 |
569.9 |
290 |
-59 |
18.0 |
Port Royal |
Definition |
1195 |
10928 |
382,370.2 |
1,642,400.4 |
569.8 |
323 |
-71 |
18.9 |
Port Royal |
Definition |
1195 |
10929 |
382,371.1 |
1,642,399.3 |
569.8 |
150 |
-79 |
18.3 |
Port Royal |
Definition |
1195 |
10930 |
382,370.4 |
1,642,402.1 |
571.3 |
356 |
3 |
33.5 |
Port Royal |
Definition |
1195 |
10931 |
382,370.4 |
1,642,402.1 |
572.3 |
356 |
19 |
35.1 |
Port Royal |
Definition |
1195 |
10932 |
382,371.5 |
1,642,401.6 |
571.3 |
19 |
4 |
42.7 |
Port Royal |
Definition |
1195 |
10933 |
382,371.5 |
1,642,401.6 |
572.6 |
19 |
54 |
48.8 |
Port Royal |
Definition |
1195 |
10934 |
382,372.3 |
1,642,400.6 |
571.8 |
47 |
10 |
24.4 |
Port Royal |
Definition |
1195 |
10935 |
382,372.3 |
1,642,400.6 |
572.4 |
44 |
39 |
30.5 |
Santa Elena |
Definition |
2680 |
10936 |
383,373.9 |
1,642,807.3 |
123.0 |
40 |
-62 |
469.4 |
Port Royal |
Definition |
1195 |
10937 |
382,371.4 |
1,642,400.1 |
574.1 |
35 |
71 |
22.9 |
Port Royal |
Definition |
1195 |
10938 |
382,369.3 |
1,642,401.7 |
571.7 |
327 |
10 |
36.6 |
Port Royal |
Definition |
1195 |
10939 |
382,369.3 |
1,642,401.7 |
572.6 |
331 |
30 |
57.9 |
Port Royal |
Definition |
1195 |
10940 |
382,366.9 |
1,642,401.0 |
572.9 |
295 |
44 |
62.5 |
Esperanza |
Exploration |
1814 |
10941 |
381,746.2 |
1,642,900.3 |
407.1 |
10 |
-45 |
435.9 |
Santa Elena |
Definition |
2680 |
10942 |
383,373.2 |
1,642,807.6 |
123.2 |
50 |
-66 |
405.4 |
Santa Elena |
Definition |
2680 |
10943 |
383,373.2 |
1,642,807.6 |
123.2 |
360 |
-59 |
442.0 |
Santa Elena |
Exploration |
2680 |
10945 |
383,373.2 |
1,642,807.6 |
123.2 |
41 |
-56 |
501.4 |
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, for the drilling program. The scientific and
technical information in this press release has been reviewed and
approved by Patrick E. Toth, P.Geo., Director of Exploration and a
Qualified Person as defined by National Instrument 43-101.
About Ascendant Resources
Inc.
Ascendant is a Toronto-based mining company
focused on its 100%-owned producing El Mochito zinc, silver and
lead mine in west-central Honduras, which has been in production
since 1948. After acquiring the mine in December 2016, Ascendant
implemented a rigorous optimization program aimed at restoring the
historic potential of the El Mochito mine. In 2017, the Company
successfully completed the operational turnaround it set out to
achieve with sustained production at record levels and
profitability restored. The Company now remains focused on cost
reduction and further operational improvements to drive robust free
cash flow in 2018 and beyond. Ascendant is also focused on
expanding and upgrading known resources through extensive
exploration work for near-term growth. With a significant land
package of 11,000 hectares and an abundance of historical data
there are several regional targets providing longer term
exploration upside which could lead to further resource growth. The
Company is also engaged in the evaluation of producing and
development stage mineral resource opportunities, on an ongoing
basis. The Company's common shares are principally listed on the
Toronto Stock Exchange under the symbol "ASND". For more
information on Ascendant Resources, please visit our website
at www.ascendantresources.com.
Neither the Toronto Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX) 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
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 the
improvements of grades in 2018, the potential for ore bodies to be
significantly larger than anticipated, the potential for larger
source of feed and the potential to expand resources and grades.
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 size of the ore bodies, the
ability to increase the feed and the ability to expand resources
and grades at the Mine, 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.
The risks, uncertainties, contingencies and
other factors that may cause actual results to differ materially
from those expressed or implied by the forward-looking information
may include, but are not limited to, 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.
1 Please refer to tables for true/apparent widths which are
estimated from actual drilled lengths.
2 ZnEq grades in % 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:
Metal prices - Zn$1.13/lb, Pb$1.00/lb, Ag$18.00/oz; payable metal -
Zn 85%, Pb 95%, Ag 69%, avg. processing recoveries - Zn 89%, Pb
74%, Ag 79%.
A photo accompanying this release is available
at: http://www.globenewswire.com/NewsRoom/AttachmentNg/defac9ea-9b67-4dfc-94e9-f1f3ce458409
Ascendant Resources (TSX:ASND.WT)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Ascendant Resources (TSX:ASND.WT)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024