Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF)
(FRA:2D9) ("Ascendant" or the "Company”) is pleased to announce
results from 40 diamond drill holes (12,015 metres) as part of the
2018 exploration and definition drilling program at its El Mochito
mine in Honduras. These results come after the release of the
Company’s newly reported Mineral Resources and Reserves Estimate
and National Instrument 43-101 Technical Report (see press release
dated May 28th, 2018), which almost tripled contained zinc in
Mineral Reserves and extended its life of mine to more than 7
years. The drilling is split between step-out (66%) and in-fill
(34%) drill holes, and targets extensions of four ore bodies,
namely Porvenir, Santa Elena, Port Royal Manto and Esperanza (See
Figure 1 and Tables 1 & 2 below). These results continue to
support the Company’s goals of increasing tonnage for further
Mineral Reserve and Resource growth and identifying higher-grade
ore at El Mochito that can quickly be brought into the mine
plan.
Key Highlights (true/apparent widths1)
Include:
Step-out Drilling
- DDH 10956 – 1.4m at 35.8% ZnEq2, 20.1% Zn,
13.4% Pb and 318 g/t Ag (Porvenir)
- DDH 10958 – 6.3m at 12.6% ZnEq, 6.2% Zn, 5.6%
Pb and 125.2 g/t Ag (Santa Elena)
- DDH 10949 – 8.6m at 9.6% ZnEq, 5.7% Zn, 3.4%
Pb and 75.8 g/t Ag (Esperanza)
-
and – 7.5m
at 8.9% ZnEq, 5.5% Zn, 3.3% Pb and 41.4 g/t Ag
Infill Drilling
- DDH 10957 – 17.7m at 9.1% ZnEq, 5.9% Zn, 2.9%
Pb and 59.9 g/t Ag (Esperanza)
- DDH 10959 – 14.6m at 9.5% ZnEq, 7.0% Zn, 1.8%
Pb and 64.9 g/t Ag (Esperanza)
- DDH 10950 – 4.1m at 15.3% ZnEq, 15.1% Zn, 0.1%
Pb and 6.4 g/t Ag (Santa Elena)
- DDH 10902 – 3.9m at 9.9% ZnEq, 8.0% Zn, 0.6%
Pb and 101.6 g/t Ag (Port Royal Manto)
_________________________________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$1.21/lb, Pb$1.06/lb, Ag$18.00/oz;
processing recoveries - Zn 88.9%, Pb 74.3%, Ag 77.7%.
The newly developed Esperanza Orebody has
already contributed significantly towards first and second quarter
2018 production and is expected to continue to do so for at least
the next two years without the addition of these new results. The
Santa Elena Orebody forms part of the El Mochito production plan in
2019 and beyond, which before these results represented
approximately 18% of the Measured and Indicated Mineral Resources.
The Porvenir Orebody is newly defined and is part of the Inferred
Mineral Resource, and this drilling will form part of its further
definition and delineation.
A total of 40,000 metres of exploration &
definition drilling is planned at El Mochito for 2018. All
orebodies remain open along strike and at depth.
Chris Buncic, President and CEO of Ascendant
commented: “We are extremely pleased with these results as the
intercepts reported herein continue to demonstrate high-grade
mineralization above current mining grades and the newly defined
reserve and resource grades. This provides management with even
greater confidence in identifying further opportunities for reserve
and resource conversion and growth as we continue our aggressive
40,000 metre exploration program in 2018 and remain focused on our
long-term goal of increasing head grade to the mill and the value
per tonne mined.”
He continued: “Much of the 2017 exploration
program was focused on near mine reserve and resource conversion
and growth supporting our recent NI 43-101 resource estimate update
and the theory new near-mine material can be brought into
production quickly, which we were very successful in achieving.
These results today also incorporate step-out drilling on regional
target Porvenir and have successfully identified significant
mineralization warranting further follow up on this target and
other regional targets like this with the goal of identifying
long-term resource growth opportunities positioning El Mochito well
into the future.”
Figure 1: Drill Hole Location
Map
http://www.globenewswire.com/NewsRoom/AttachmentNg/52a59039-0c13-468e-8069-dc2c213418da
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Table 1: Significant Assays |
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Drill HoleCategory |
DDH No. |
From(m) |
To(m) |
Length(m) |
True /ApparentWidth (m)* |
Ag (g/t) |
Pb (%) |
Zn (%) |
ZnEq(%)** |
Area |
Step Out |
10956 |
11.6 |
12.8 |
1.2 |
1.2 |
1264.5 |
2.9 |
7.1 |
28.3 |
Porvenir |
including |
11.6 |
12.5 |
0.9 |
0.9 |
601.0 |
2.6 |
2.4 |
13.5 |
including |
12.5 |
12.8 |
0.3 |
0.3 |
3255.0 |
3.6 |
21.2 |
72.6 |
and |
19.8 |
23.5 |
3.7 |
3.7 |
121.0 |
2.4 |
2.3 |
6.1 |
including |
19.8 |
20.6 |
0.8 |
0.8 |
229.0 |
6.7 |
7.0 |
16.0 |
including |
20.6 |
22.4 |
1.8 |
1.8 |
24.0 |
0.0 |
0.0 |
0.4 |
including |
22.4 |
23.5 |
1.1 |
1.1 |
210.0 |
3.5 |
2.8 |
8.8 |
and |
79.6 |
81.3 |
1.7 |
1.7 |
165.0 |
7.2 |
8.4 |
16.7 |
Step Out |
10961 |
100.0 |
101.0 |
1.1 |
0.9 |
456.0 |
0.3 |
0.3 |
7.3 |
Porvenir |
and |
128.8 |
130.5 |
1.7 |
1.4 |
318.0 |
13.4 |
20.1 |
35.8 |
Step Out |
10963 |
43.0 |
44.2 |
1.2 |
1.2 |
85.0 |
7.7 |
11.1 |
18.7 |
Porvenir |
Step Out |
10977 |
22.3 |
24.4 |
2.1 |
2.1 |
21.0 |
2.2 |
3.3 |
5.4 |
Porvenir |
and |
38.4 |
39.7 |
1.3 |
1.3 |
48.0 |
3.7 |
5.2 |
8.9 |
and |
207.6 |
209.7 |
2.1 |
2.1 |
23.0 |
1.9 |
2.3 |
4.2 |
Step Out |
10952 |
298.4 |
300.4 |
2.0 |
2.0 |
106.6 |
6.1 |
7.7 |
14.3 |
Santa Elena |
including |
298.4 |
299.6 |
1.2 |
1.2 |
138.0 |
9.9 |
11.1 |
21.3 |
including |
299.6 |
300.4 |
0.8 |
0.8 |
60.0 |
0.5 |
2.7 |
4.0 |
and |
398.7 |
404.0 |
5.3 |
5.0 |
27.1 |
1.5 |
4.9 |
6.6 |
including |
398.7 |
399.9 |
1.2 |
1.1 |
39.0 |
3.4 |
5.4 |
8.8 |
including |
399.9 |
401.0 |
1.1 |
1.0 |
3.0 |
0.1 |
0.7 |
0.9 |
including |
401.0 |
404.0 |
3.0 |
2.9 |
31.0 |
1.3 |
6.2 |
7.7 |
and |
412.6 |
415.4 |
2.8 |
2.8 |
90.2 |
6.3 |
8.2 |
14.7 |
including |
412.6 |
414.2 |
1.6 |
1.6 |
156.0 |
11.0 |
11.6 |
22.9 |
including |
414.2 |
415.4 |
1.2 |
1.2 |
3.0 |
0.0 |
3.8 |
3.8 |
and |
422.3 |
423.8 |
1.5 |
1.4 |
8.0 |
0.0 |
6.2 |
6.4 |
Step Out |
10954 |
314.1 |
315.2 |
1.0 |
0.9 |
38.0 |
0.1 |
26.4 |
27.0 |
Santa Elena |
and |
530.5 |
537.1 |
6.6 |
5.9 |
35.0 |
1.4 |
2.7 |
4.4 |
including |
530.5 |
533.4 |
2.9 |
2.6 |
55.0 |
1.7 |
2.8 |
5.0 |
including |
533.4 |
535.2 |
1.8 |
1.6 |
11.0 |
0.1 |
1.6 |
1.8 |
including |
535.2 |
537.1 |
1.8 |
1.6 |
27.0 |
2.2 |
3.7 |
5.9 |
and |
542.5 |
545.0 |
2.4 |
2.2 |
51.5 |
0.8 |
8.6 |
10.0 |
including |
542.5 |
543.8 |
1.2 |
1.1 |
88.0 |
0.7 |
14.7 |
16.6 |
including |
543.8 |
545.0 |
1.2 |
1.1 |
15.0 |
0.8 |
2.5 |
3.4 |
Step Out |
10958 |
582.9 |
589.0 |
6.1 |
5.1 |
72.2 |
5.3 |
5.3 |
10.7 |
Santa Elena |
including |
582.9 |
584.3 |
1.4 |
1.1 |
45.0 |
4.9 |
3.7 |
8.4 |
including |
584.3 |
585.2 |
0.9 |
0.8 |
14.0 |
1.7 |
1.7 |
3.3 |
including |
585.2 |
589.0 |
3.8 |
3.2 |
95.9 |
6.2 |
6.7 |
13.2 |
and |
591.9 |
599.5 |
7.6 |
6.3 |
125.2 |
5.6 |
6.2 |
12.6 |
including |
591.9 |
592.8 |
0.9 |
0.8 |
84.0 |
4.8 |
5.6 |
10.9 |
including |
592.8 |
595.6 |
2.7 |
2.3 |
253.6 |
10.1 |
10.9 |
22.9 |
including |
595.6 |
597.1 |
1.5 |
1.3 |
73.0 |
4.4 |
4.2 |
8.9 |
including |
597.1 |
599.5 |
2.4 |
2.0 |
28.9 |
1.5 |
2.4 |
4.1 |
and |
606.2 |
609.6 |
3.4 |
2.7 |
81.4 |
3.9 |
4.8 |
9.2 |
including |
606.2 |
608.1 |
1.8 |
1.4 |
110.0 |
5.7 |
6.2 |
12.5 |
including |
608.1 |
609.6 |
1.5 |
1.2 |
47.0 |
1.7 |
3.1 |
5.1 |
Step Out |
10947 |
560.2 |
561.4 |
1.2 |
0.9 |
29.0 |
1.5 |
2.9 |
4.6 |
Santa Elena |
and |
562.4 |
565.4 |
3.0 |
2.5 |
4.0 |
0.0 |
4.2 |
4.2 |
including |
562.4 |
563.9 |
1.5 |
1.2 |
4.1 |
5.0 |
0.0 |
4.2 |
including |
563.9 |
565.4 |
1.5 |
1.2 |
4.1 |
3.0 |
0.0 |
4.1 |
and |
580.9 |
582.3 |
1.4 |
1.1 |
45.0 |
0.4 |
4.2 |
5.2 |
Step Out |
10962 |
486.5 |
489.5 |
3.0 |
2.6 |
66.0 |
6.0 |
7.2 |
13.1 |
Santa Elena |
Step Out |
10964 |
468.7 |
470.1 |
1.5 |
1.4 |
34.0 |
1.3 |
7.4 |
8.9 |
Santa Elena |
and |
544.4 |
546.5 |
2.1 |
1.9 |
89.3 |
0.3 |
5.7 |
7.3 |
Step Out |
10966 |
460.6 |
464.0 |
3.4 |
2.9 |
7.8 |
0.3 |
9.7 |
10.0 |
Santa Elena |
including |
460.6 |
462.1 |
1.5 |
1.3 |
10.0 |
0.4 |
6.9 |
7.4 |
including |
462.1 |
464.0 |
1.9 |
1.6 |
6.0 |
0.1 |
11.9 |
12.1 |
Step Out |
10949 |
360.2 |
370.8 |
10.7 |
8.6 |
75.8 |
3.4 |
5.7 |
9.6 |
Esperanza |
including |
360.2 |
362.9 |
2.7 |
2.2 |
98.2 |
3.9 |
5.7 |
10.3 |
including |
362.9 |
363.9 |
1.1 |
0.9 |
25.0 |
0.5 |
5.5 |
6.3 |
including |
363.9 |
367.3 |
3.4 |
2.7 |
94.1 |
4.3 |
6.9 |
11.9 |
including |
367.3 |
369.4 |
2.1 |
1.7 |
57.0 |
2.7 |
3.7 |
6.7 |
including |
369.4 |
370.8 |
1.4 |
1.1 |
56.0 |
3.6 |
6.3 |
10.1 |
and |
371.8 |
381.0 |
9.2 |
7.5 |
41.4 |
3.3 |
5.5 |
8.9 |
including |
371.8 |
372.9 |
1.1 |
0.9 |
23.0 |
2.4 |
2.6 |
4.9 |
including |
372.9 |
374.1 |
1.2 |
1.0 |
54.0 |
3.5 |
7.1 |
10.7 |
including |
374.1 |
375.2 |
1.1 |
0.9 |
31.0 |
2.4 |
4.7 |
7.1 |
including |
375.2 |
378.0 |
2.7 |
2.2 |
54.7 |
4.1 |
7.7 |
11.9 |
including |
378.0 |
381.0 |
3.0 |
2.5 |
35.0 |
3.2 |
4.4 |
7.6 |
Step Out |
10944 |
No significant Intercepts |
Esperanza |
Step Out |
10946 |
No significant Intercepts |
Esperanza |
Step Out |
10948 |
382.0 |
385.3 |
3.2 |
2.7 |
73.2 |
0.2 |
5.2 |
6.5 |
Esperanza |
including |
382.0 |
383.7 |
1.7 |
1.4 |
76.0 |
0.4 |
6.7 |
8.1 |
including |
383.7 |
385.3 |
1.5 |
1.3 |
70.0 |
0.0 |
3.6 |
4.7 |
and |
390.8 |
392.0 |
1.2 |
1.0 |
6.0 |
0.0 |
7.4 |
7.5 |
Step Out |
10951 |
354.8 |
356.6 |
1.8 |
1.4 |
18.0 |
0.3 |
3.6 |
4.1 |
Esperanza |
and |
360.2 |
362.9 |
2.7 |
2.3 |
14.5 |
1.4 |
2.8 |
4.1 |
and |
374.6 |
375.9 |
1.2 |
1.0 |
56.0 |
2.6 |
2.9 |
5.8 |
Step Out |
10960 |
429.0 |
437.1 |
8.1 |
6.4 |
24.8 |
0.5 |
5.6 |
6.4 |
Esperanza |
including |
429.0 |
434.0 |
5.0 |
4.0 |
13.5 |
0.0 |
6.9 |
7.1 |
including |
434.0 |
437.1 |
3.0 |
2.4 |
43.6 |
1.4 |
3.4 |
5.2 |
Infill |
10950 |
353.7 |
354.8 |
1.1 |
1.0 |
77.0 |
0.7 |
9.8 |
11.5 |
Santa Elena |
and |
504.7 |
509.0 |
4.3 |
3.9 |
36.9 |
0.7 |
7.0 |
8.2 |
including |
504.7 |
506.3 |
1.5 |
1.4 |
19.0 |
1.8 |
7.2 |
9.0 |
including |
506.3 |
507.8 |
1.5 |
1.4 |
37.0 |
0.1 |
4.1 |
4.8 |
including |
507.8 |
509.0 |
1.2 |
1.1 |
59.0 |
0.1 |
10.5 |
11.4 |
and |
513.3 |
517.7 |
4.4 |
4.1 |
6.4 |
0.1 |
15.1 |
15.3 |
including |
513.3 |
515.1 |
1.8 |
1.7 |
5.0 |
0.1 |
7.5 |
7.6 |
including |
515.1 |
517.7 |
2.6 |
2.4 |
7.4 |
0.2 |
20.4 |
20.7 |
Infill |
10968 |
91.6 |
93.3 |
1.7 |
1.2 |
37.0 |
1.6 |
4.5 |
6.4 |
Port Royal Mto |
and |
117.8 |
128.3 |
10.5 |
6.9 |
116.1 |
0.7 |
3.7 |
6.0 |
including |
117.8 |
118.9 |
1.1 |
0.7 |
50.0 |
3.2 |
5.5 |
8.8 |
including |
118.9 |
121.9 |
3.0 |
2.0 |
1.6 |
0.0 |
0.1 |
0.2 |
including |
121.9 |
123.4 |
1.6 |
1.0 |
113.0 |
0.4 |
8.8 |
10.8 |
including |
123.4 |
125.0 |
1.5 |
1.0 |
64.0 |
0.2 |
0.8 |
1.9 |
including |
125.0 |
126.5 |
1.5 |
1.0 |
26.0 |
0.2 |
4.7 |
5.2 |
including |
126.5 |
128.3 |
1.8 |
1.2 |
463.0 |
1.3 |
5.6 |
13.6 |
and |
130.9 |
136.6 |
5.7 |
3.9 |
101.6 |
0.6 |
8.0 |
9.9 |
including |
130.9 |
132.6 |
1.7 |
1.1 |
37.0 |
0.1 |
4.0 |
4.6 |
including |
132.6 |
136.6 |
4.1 |
2.8 |
128.3 |
0.8 |
9.6 |
12.2 |
Infill |
10972 |
73.6 |
74.9 |
1.2 |
1.0 |
23.0 |
1.7 |
2.8 |
4.5 |
Port Royal Mto |
and |
82.1 |
83.2 |
1.1 |
1.0 |
28.0 |
0.1 |
8.1 |
8.6 |
and |
85.3 |
89.3 |
4.0 |
3.4 |
27.3 |
0.2 |
3.6 |
4.2 |
Infill |
10974 |
62.8 |
64.0 |
1.2 |
1.2 |
28.0 |
0.1 |
12.7 |
13.2 |
Port Royal Mto |
Infill |
10978 |
No significant Intercepts |
Port Royal Mto |
Infill |
10980 |
No significant Intercepts |
Port Royal Mto |
Infill |
10983 |
107.3 |
111.3 |
4.0 |
2.0 |
69.5 |
2.2 |
6.8 |
9.6 |
Port Royal Mto |
including |
107.3 |
109.7 |
2.4 |
1.2 |
93.0 |
2.2 |
9.4 |
12.6 |
including |
109.7 |
111.3 |
1.5 |
0.8 |
32.0 |
2.4 |
2.5 |
4.9 |
Infill |
10953 |
297.8 |
298.9 |
1.1 |
1.0 |
61.0 |
3.6 |
4.8 |
8.6 |
Esperanza |
and |
306.3 |
314.9 |
8.5 |
7.4 |
74.5 |
5.4 |
6.4 |
12.0 |
including |
306.3 |
307.5 |
1.2 |
1.1 |
93.0 |
1.1 |
4.0 |
6.3 |
including |
307.5 |
311.2 |
3.7 |
3.2 |
75.8 |
5.6 |
7.1 |
12.8 |
including |
311.2 |
312.7 |
1.5 |
1.3 |
55.0 |
6.0 |
4.8 |
10.6 |
including |
312.7 |
314.9 |
2.1 |
1.9 |
75.6 |
7.2 |
7.8 |
14.8 |
and |
321.3 |
324.5 |
3.2 |
2.8 |
5.9 |
0.1 |
3.9 |
4.1 |
and |
327.1 |
328.6 |
1.5 |
1.4 |
6.0 |
0.1 |
4.5 |
4.7 |
and |
331.0 |
333.8 |
2.7 |
2.5 |
28.1 |
0.6 |
5.9 |
6.8 |
including |
331.0 |
332.2 |
1.2 |
1.1 |
17.0 |
0.5 |
4.1 |
4.7 |
including |
332.2 |
333.8 |
1.5 |
1.4 |
37.0 |
0.6 |
7.3 |
8.4 |
Infill |
10955 |
374.1 |
375.3 |
1.2 |
1.1 |
43.0 |
0.8 |
3.5 |
4.7 |
Esperanza |
and |
381.1 |
388.6 |
7.5 |
6.2 |
51.0 |
2.1 |
6.2 |
8.7 |
including |
381.1 |
384.4 |
3.3 |
2.7 |
100.8 |
4.5 |
8.1 |
13.2 |
including |
384.4 |
388.6 |
4.3 |
3.5 |
13.0 |
0.4 |
4.8 |
5.3 |
Infill |
10957 |
359.7 |
381.0 |
21.3 |
17.7 |
59.9 |
2.9 |
5.9 |
9.1 |
Esperanza |
including |
359.7 |
362.7 |
3.0 |
2.5 |
72.0 |
2.8 |
7.5 |
10.8 |
including |
362.7 |
364.2 |
1.5 |
1.3 |
22.0 |
0.5 |
6.9 |
7.6 |
including |
364.2 |
365.8 |
1.5 |
1.3 |
130.0 |
4.7 |
9.0 |
14.8 |
including |
365.8 |
370.3 |
4.6 |
3.8 |
79.9 |
3.1 |
4.4 |
8.2 |
including |
370.3 |
371.6 |
1.2 |
1.0 |
69.0 |
3.6 |
6.2 |
10.2 |
including |
371.6 |
372.5 |
0.9 |
0.8 |
5.0 |
0.0 |
0.2 |
0.3 |
including |
372.5 |
373.7 |
1.2 |
1.0 |
25.0 |
2.3 |
2.9 |
5.2 |
including |
373.7 |
381.0 |
7.3 |
6.1 |
46.9 |
3.3 |
6.4 |
9.8 |
Infill |
10959 |
357.7 |
375.2 |
17.5 |
14.6 |
64.9 |
1.8 |
7.0 |
9.5 |
Esperanza |
including |
357.7 |
358.4 |
0.6 |
0.5 |
28.0 |
2.2 |
2.8 |
5.0 |
including |
358.4 |
365.5 |
7.1 |
5.9 |
138.6 |
4.1 |
9.0 |
14.4 |
including |
365.5 |
366.7 |
1.2 |
1.0 |
3.0 |
0.2 |
1.4 |
1.6 |
including |
366.7 |
375.2 |
8.5 |
7.1 |
15.1 |
0.2 |
6.4 |
6.8 |
and |
378.4 |
379.6 |
1.2 |
1.1 |
2.0 |
0.0 |
4.2 |
4.2 |
Infill |
10965 |
47.5 |
59.4 |
11.9 |
11.3 |
49.7 |
4.3 |
4.3 |
8.5 |
Esperanza |
including |
47.5 |
51.8 |
4.3 |
4.1 |
50.7 |
4.5 |
4.3 |
8.7 |
including |
51.8 |
56.4 |
4.6 |
4.3 |
63.3 |
5.6 |
5.1 |
10.7 |
including |
56.4 |
57.9 |
1.5 |
1.4 |
23.0 |
1.5 |
1.7 |
3.3 |
including |
57.9 |
59.4 |
1.5 |
1.4 |
33.0 |
2.4 |
4.1 |
6.5 |
Infill |
10967 |
No significant Intercepts |
Esperanza |
Infill |
10969 |
49.6 |
54.9 |
5.2 |
5.2 |
59.4 |
2.9 |
6.7 |
10.0 |
Esperanza |
including |
49.6 |
50.6 |
1.0 |
1.0 |
51.0 |
4.3 |
4.9 |
9.2 |
including |
50.6 |
53.3 |
2.7 |
2.7 |
66.4 |
2.8 |
8.7 |
11.9 |
including |
53.3 |
54.9 |
1.5 |
1.5 |
52.0 |
2.2 |
4.3 |
6.9 |
and |
57.5 |
58.7 |
1.2 |
1.1 |
26.0 |
2.6 |
2.7 |
5.2 |
Infill |
10970 |
59.6 |
60.8 |
1.2 |
0.9 |
50.0 |
3.5 |
4.4 |
8.0 |
Esperanza |
Infill |
10971 |
11.9 |
15.2 |
3.3 |
3.3 |
18.0 |
0.4 |
11.1 |
11.8 |
Esperanza |
and |
39.8 |
44.2 |
4.4 |
4.2 |
12.1 |
0.4 |
7.9 |
8.4 |
including |
39.8 |
41.1 |
1.3 |
1.3 |
17.0 |
1.2 |
4.5 |
5.7 |
including |
41.1 |
44.2 |
3.0 |
2.9 |
10.0 |
0.0 |
9.4 |
9.5 |
and |
47.2 |
84.1 |
36.9 |
8.2 |
52.0 |
2.9 |
6.0 |
9.2 |
including |
47.2 |
51.8 |
4.6 |
1.0 |
115.3 |
4.0 |
6.9 |
11.9 |
including |
51.8 |
53.6 |
1.8 |
0.4 |
48.0 |
1.6 |
1.3 |
3.3 |
including |
53.6 |
57.0 |
3.4 |
0.7 |
61.2 |
3.0 |
9.0 |
12.3 |
including |
57.0 |
62.4 |
5.4 |
1.2 |
40.6 |
3.9 |
4.2 |
8.0 |
including |
62.4 |
70.7 |
8.3 |
1.8 |
14.8 |
0.5 |
7.8 |
8.4 |
including |
70.7 |
72.2 |
1.5 |
0.3 |
34.0 |
1.1 |
3.5 |
5.0 |
including |
72.2 |
73.8 |
1.5 |
0.3 |
68.0 |
4.3 |
6.0 |
10.5 |
including |
73.8 |
74.9 |
1.1 |
0.3 |
15.0 |
0.4 |
0.6 |
1.1 |
including |
74.9 |
76.2 |
1.3 |
0.3 |
46.0 |
2.4 |
3.0 |
5.6 |
including |
76.2 |
84.1 |
7.9 |
1.8 |
65.7 |
4.9 |
6.4 |
11.4 |
Infill |
10975 |
53.2 |
78.2 |
25.0 |
24.1 |
57.5 |
4.1 |
5.3 |
9.6 |
Esperanza |
including |
53.2 |
60.0 |
6.9 |
6.6 |
87.6 |
7.0 |
7.5 |
14.5 |
including |
60.0 |
65.5 |
5.5 |
5.3 |
51.7 |
4.7 |
4.5 |
9.1 |
including |
65.5 |
67.2 |
1.7 |
1.6 |
21.0 |
1.8 |
1.5 |
3.3 |
including |
67.2 |
73.8 |
6.6 |
6.2 |
41.2 |
2.9 |
6.4 |
9.4 |
including |
73.8 |
75.6 |
1.8 |
1.7 |
41.0 |
0.5 |
2.0 |
3.0 |
including |
75.6 |
78.2 |
2.6 |
2.5 |
68.0 |
2.9 |
3.6 |
6.9 |
Infill |
10976 |
11.6 |
19.1 |
7.6 |
6.1 |
105.0 |
6.7 |
7.4 |
14.5 |
Esperanza |
including |
11.6 |
18.1 |
6.5 |
5.3 |
114.1 |
7.1 |
8.0 |
15.5 |
including |
18.1 |
19.1 |
1.0 |
0.8 |
48.0 |
4.3 |
3.9 |
8.1 |
and |
40.4 |
51.8 |
11.4 |
7.1 |
29.8 |
1.9 |
6.3 |
8.3 |
including |
40.4 |
41.8 |
1.4 |
0.9 |
42.0 |
2.8 |
4.2 |
7.1 |
including |
41.8 |
42.7 |
0.9 |
0.6 |
13.0 |
1.1 |
2.1 |
3.2 |
including |
42.7 |
43.6 |
0.9 |
0.6 |
75.0 |
6.5 |
11.4 |
17.9 |
including |
43.6 |
45.4 |
1.8 |
1.1 |
25.0 |
2.2 |
3.0 |
5.2 |
including |
45.4 |
51.8 |
6.4 |
4.0 |
24.5 |
1.0 |
7.7 |
8.8 |
and |
62.5 |
64.3 |
1.8 |
1.2 |
48.0 |
0.6 |
3.4 |
4.6 |
Infill |
10979 |
11.0 |
21.3 |
10.4 |
9.6 |
34.9 |
2.1 |
3.2 |
5.4 |
Esperanza |
including |
11.0 |
13.4 |
2.4 |
2.3 |
46.5 |
3.3 |
3.5 |
6.9 |
including |
13.4 |
15.2 |
1.8 |
1.7 |
10.0 |
0.8 |
0.3 |
1.1 |
including |
15.2 |
21.3 |
6.1 |
5.6 |
37.8 |
2.0 |
4.0 |
6.2 |
and |
27.4 |
32.0 |
4.6 |
3.6 |
34.0 |
1.0 |
6.0 |
7.4 |
and |
39.0 |
47.2 |
8.2 |
7.6 |
26.9 |
0.4 |
5.1 |
5.9 |
including |
39.0 |
40.2 |
1.2 |
1.1 |
27.0 |
0.3 |
5.1 |
5.8 |
including |
40.2 |
41.6 |
1.4 |
1.3 |
11.0 |
0.5 |
1.3 |
1.9 |
including |
41.6 |
43.0 |
1.4 |
1.3 |
32.0 |
0.3 |
11.3 |
12.0 |
including |
43.0 |
44.2 |
1.2 |
1.1 |
15.0 |
0.1 |
2.1 |
2.4 |
including |
44.2 |
45.7 |
1.5 |
1.4 |
54.0 |
1.1 |
2.6 |
4.3 |
including |
45.7 |
47.2 |
1.5 |
1.4 |
19.0 |
0.2 |
8.0 |
8.4 |
Infill |
10981 |
15.8 |
24.4 |
8.6 |
8.2 |
119.7 |
6.6 |
7.2 |
14.4 |
Esperanza |
including |
15.8 |
16.8 |
1.0 |
1.0 |
82.0 |
3.2 |
4.5 |
8.3 |
including |
16.8 |
23.2 |
6.4 |
6.1 |
137.8 |
7.4 |
7.9 |
16.0 |
including |
23.2 |
24.4 |
1.2 |
1.2 |
56.0 |
5.0 |
5.5 |
10.5 |
and |
26.8 |
28.7 |
1.9 |
1.8 |
31.0 |
2.8 |
2.6 |
5.4 |
and |
36.8 |
43.9 |
7.1 |
2.9 |
51.8 |
4.2 |
4.0 |
8.2 |
including |
36.8 |
38.4 |
1.6 |
0.6 |
56.0 |
5.3 |
5.8 |
11.0 |
including |
38.4 |
40.2 |
1.8 |
0.7 |
51.0 |
1.9 |
2.0 |
4.4 |
including |
40.2 |
43.9 |
3.7 |
1.5 |
50.4 |
4.8 |
4.3 |
9.0 |
and |
46.0 |
51.7 |
5.7 |
2.1 |
41.7 |
0.1 |
9.5 |
10.2 |
including |
46.0 |
47.2 |
1.2 |
0.5 |
27.0 |
0.0 |
7.7 |
8.1 |
including |
47.2 |
48.8 |
1.5 |
0.6 |
73.0 |
0.1 |
2.4 |
3.5 |
including |
48.8 |
51.7 |
2.9 |
1.1 |
31.6 |
0.1 |
13.9 |
14.5 |
and |
84.1 |
89.3 |
5.2 |
2.1 |
12.9 |
0.7 |
8.6 |
9.4 |
including |
84.1 |
88.4 |
4.3 |
1.7 |
12.5 |
0.7 |
9.7 |
10.4 |
|
including |
88.4 |
89.3 |
0.9 |
0.4 |
15.0 |
1.0 |
3.4 |
4.4 |
Infill |
10984 |
11.9 |
15.2 |
3.4 |
3.4 |
59.3 |
4.7 |
4.3 |
9.1 |
Esperanza |
and |
18.3 |
25.9 |
7.6 |
7.6 |
55.0 |
2.2 |
8.7 |
11.3 |
including |
18.3 |
21.6 |
3.4 |
3.4 |
71.1 |
4.8 |
7.8 |
12.8 |
including |
21.6 |
22.9 |
1.2 |
1.2 |
52.0 |
0.2 |
4.9 |
5.8 |
including |
22.9 |
24.4 |
1.5 |
1.5 |
39.0 |
0.1 |
15.9 |
16.6 |
including |
24.4 |
25.9 |
1.5 |
1.5 |
38.0 |
0.2 |
6.6 |
7.3 |
and |
28.3 |
29.9 |
1.5 |
1.4 |
17.0 |
0.1 |
5.2 |
5.5 |
and |
40.2 |
45.1 |
4.9 |
4.9 |
21.3 |
0.3 |
10.0 |
10.5 |
including |
40.2 |
41.5 |
1.2 |
1.2 |
25.0 |
0.3 |
8.8 |
9.4 |
including |
41.5 |
43.9 |
2.4 |
2.4 |
17.5 |
0.2 |
13.6 |
14.0 |
including |
43.9 |
45.1 |
1.2 |
1.2 |
25.0 |
0.4 |
4.0 |
4.7 |
Infill |
10985 |
15.2 |
23.5 |
8.2 |
7.9 |
35.2 |
2.6 |
2.8 |
5.5 |
Esperanza |
including |
15.2 |
18.1 |
2.9 |
2.8 |
38.7 |
3.2 |
3.2 |
6.3 |
including |
18.1 |
18.9 |
0.8 |
0.7 |
10.0 |
0.6 |
0.6 |
1.2 |
including |
18.9 |
23.5 |
4.6 |
4.4 |
37.1 |
2.5 |
3.0 |
5.6 |
and |
26.8 |
28.7 |
1.8 |
1.8 |
11.0 |
0.0 |
4.3 |
4.5 |
and |
41.8 |
44.2 |
2.4 |
2.3 |
11.0 |
0.2 |
8.8 |
9.2 |
including |
41.8 |
43.0 |
1.2 |
1.1 |
5.0 |
0.4 |
17.7 |
18.3 |
including |
43.0 |
44.2 |
1.2 |
1.1 |
17.0 |
0.4 |
11.0 |
11.6 |
Infill |
10989 |
19.2 |
27.7 |
8.5 |
3.7 |
39.0 |
2.9 |
3.0 |
6.0 |
Esperanza |
including |
19.2 |
21.0 |
1.8 |
0.8 |
57.0 |
4.2 |
3.6 |
7.8 |
including |
21.0 |
22.9 |
1.9 |
0.8 |
17.0 |
0.5 |
0.5 |
1.2 |
including |
22.9 |
26.2 |
3.4 |
1.5 |
33.8 |
2.7 |
2.8 |
5.6 |
including |
26.2 |
27.7 |
1.5 |
0.7 |
57.0 |
4.8 |
5.9 |
10.6 |
and |
35.1 |
47.2 |
12.2 |
6.0 |
50.4 |
1.2 |
5.6 |
7.3 |
including |
35.1 |
40.5 |
5.5 |
2.7 |
39.0 |
2.0 |
7.8 |
10.0 |
including |
40.5 |
42.7 |
2.1 |
1.0 |
37.0 |
0.4 |
3.0 |
3.9 |
including |
42.7 |
47.2 |
4.6 |
2.2 |
70.3 |
0.6 |
4.1 |
5.6 |
* True Thickness and apparent widths are
estimates. |
** Price assumptions used were US$1.21/lb Zn,
US$1.06/lb Pb and US$18/troy oz Ag. Zinc equivalent metal grade
(ZnEq. %) was calculated as follows: Zn% +(Pb x 0.82) +(Ag
g/t x 0.0149) = ZnEq% and is based on 88.9% Zn recovery,
74.3% Pb recovery and 77.7% Ag |
|
|
|
|
|
|
|
|
|
Table 2: Collar Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
UTM Coordinates (WGS84Z16N) |
|
|
|
|
Area |
Drill HoleCategory |
MineLevel(ft) |
DDH No. |
Easting(m) |
Northing(m) |
Elev.(m) |
Azi. |
Incl. |
Length(m) |
Year |
Esperanza |
Step out |
1814 |
10944 |
381,750 |
1,643,095 |
409 |
16 |
-38 |
533.4 |
2017 |
Esperanza |
Step out |
1814 |
10946 |
381,749 |
1,643,095 |
409 |
16 |
-43 |
486.2 |
2017 |
Esperanza |
Step out |
1814 |
10948 |
381,749 |
1,643,095 |
409 |
2 |
-46 |
414.2 |
2017 |
Esperanza |
Step out |
1814 |
10949 |
381,749 |
1,643,096 |
409 |
2 |
-50 |
401.7 |
2017 |
Esperanza |
Step out |
1814 |
10951 |
381,749 |
1,643,096 |
409 |
355 |
-51 |
396.2 |
2017 |
Esperanza |
Step out |
1814 |
10960 |
381,750 |
1,643,096 |
410 |
10.5 |
-40.4 |
457.2 |
2017 |
Porvenir |
Step out |
2790 |
10956 |
384,290 |
1,642,357 |
113 |
358 |
0 |
627.3 |
2017 |
Porvenir |
Step out |
2790 |
10961 |
384,290 |
1,642,357 |
114 |
359 |
36 |
269.4 |
2017 |
Porvenir |
Step out |
2790 |
10963 |
384,381 |
1,642,350 |
113 |
16.2 |
1.7 |
489.8 |
2017 |
Porvenir |
Step out |
2790 |
10976 |
381,781 |
1,643,195 |
170 |
310 |
-35 |
91.4 |
2018 |
Santa Elena |
Step out |
2680 |
10947 |
383,377 |
1,643,008 |
125 |
28 |
-53 |
600.5 |
2017 |
Santa Elena |
Step out |
2680 |
10952 |
383,378 |
1,643,006 |
125 |
57 |
-59 |
448.1 |
2017 |
Santa Elena |
Step out |
2680 |
10954 |
383,378 |
1,643,007 |
125 |
58 |
-50 |
556.3 |
2017 |
Santa Elena |
Step out |
2680 |
10958 |
383,377 |
1,643,007 |
125 |
29.5 |
-50.5 |
630.9 |
2017 |
Santa Elena |
Step out |
2680 |
10962 |
383,379 |
1,643,006 |
125 |
79.8 |
-53.2 |
498.0 |
2017 |
Santa Elena |
Step out |
2680 |
10964 |
383,378 |
1,643,007 |
125 |
60.5 |
-55.4 |
573.0 |
2017 |
Santa Elena |
Step out |
2680 |
10966 |
383,378 |
1,643,006 |
125 |
81.2 |
62.1 |
474.9 |
2017 |
Esperanza |
Infill |
1814 |
10953 |
381,749 |
1,643,095 |
409 |
360 |
-56 |
356.6 |
2017 |
Esperanza |
Infill |
1814 |
10955 |
381,750 |
1,643,095 |
409 |
20 |
-47 |
429.8 |
2017 |
Esperanza |
Infill |
1814 |
10957 |
381,749 |
1,643,095 |
409 |
6 |
-48 |
390.1 |
2017 |
Esperanza |
Infill |
1814 |
10959 |
381,750 |
1,643,095 |
409 |
20 |
-51 |
396.2 |
2017 |
Esperanza |
Infill |
2605 |
10965 |
381,780 |
1,643,193 |
171 |
270 |
21 |
67.1 |
2017 |
Esperanza |
Infill |
2605 |
10967 |
381,780 |
1,643,193 |
172 |
274 |
36.8 |
79.2 |
2017 |
Esperanza |
Infill |
2605 |
10968 |
382,310 |
1,642,558 |
192 |
360 |
-38.6 |
157.0 |
2017 |
Esperanza |
Infill |
2605 |
10969 |
381,781 |
1,643,194 |
170 |
285 |
1 |
102.4 |
2017 |
Esperanza |
Infill |
2605 |
10970 |
381,781 |
1,643,195 |
170 |
305 |
0 |
67.1 |
2017 |
Esperanza |
Infill |
2605 |
10974 |
382,310 |
1,642,557 |
192 |
360 |
-80 |
67.1 |
2018 |
Esperanza |
Infill |
2605 |
10975 |
381,781 |
1,643,195 |
170 |
320 |
-16.5 |
104.5 |
2018 |
Esperanza |
Infill |
2605 |
10978 |
382,309 |
1,642,558 |
192 |
344.2 |
-50 |
117.3 |
2018 |
Esperanza |
Infill |
2605 |
10980 |
382,309 |
1,642,558 |
192 |
347 |
-35.7 |
188.7 |
2018 |
Esperanza |
Infill |
2605 |
10983 |
382,309 |
1,642,557 |
192 |
328 |
-50.8 |
128.0 |
2018 |
Esperanza |
Infill |
2605 |
10984 |
381,781 |
1,643,193 |
169 |
270 |
-59.5 |
55.2 |
2018 |
Esperanza |
Infill |
2605 |
10985 |
381,781 |
1,643,192 |
169 |
250 |
-65 |
62.5 |
2018 |
Esperanza |
Infill |
2605 |
10989 |
381,780 |
1,643,192 |
170 |
257 |
-25 |
59.4 |
2018 |
Port Royal Mto |
Infill |
2450 |
10971 |
381,781 |
1,643,194 |
170 |
286.5 |
-14.5 |
112.8 |
2017 |
Port Royal Mto |
Infill |
2450 |
10972 |
382,310 |
1,642,557 |
192 |
358.7 |
-55.4 |
112.8 |
2018 |
Port Royal Mto |
Infill |
2405 |
10977 |
384,382 |
1,642,351 |
111 |
16 |
-40.5 |
323.7 |
2018 |
Port Royal Mto |
Infill |
2450 |
10979 |
381,781 |
1,643,195 |
169 |
294 |
-65 |
53.3 |
2018 |
Port Royal Mto |
Infill |
2450 |
10981 |
381,780 |
1,643,193 |
170 |
270 |
-19.2 |
97.8 |
2018 |
Santa Elena |
Infill |
2680 |
10950 |
383,377 |
1,643,007 |
125 |
40 |
-48 |
537.4 |
2017 |
|
|
|
|
|
|
|
|
|
|
|
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 40 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.
Qualified Persons
The scientific and technical information in this
press release has been reviewed and approved by Patrick E. Toth,
P.Geo., Director Exploration to Ascendant 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
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.
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.
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