Ascendant Resources Inc. (TSX: ASND) (OTCQX:
ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is very pleased to
announce continued exploration success highlighted by high-grade
drill results over extended intervals that are expected to
significantly expand and upgrade the current resource at the Lagoa
Salgada VMS Project (“Lagoa Salgada”) located on the Iberian Pyrite
Belt (“IPB”) in Portugal. Ascendant anticipates a new NI 43-101
Resource Estimate will be completed in the third quarter and a
Preliminary Economic Assessment (“PEA”) will be completed by year
end.
Highlights:
- High-grade results expected to significantly expand and
upgrade the LS North Zone massive sulphide deposit
- IP survey complete on 8-km gravimetric anomaly to the
north-east of the LS property
- Mineral Resource Estimate update expected in Q3
2019
- Preliminary Economic Assessment expected by year
end
Drill Hole Highlights:
Gossan (true thickness in all cases)
• LS_MS_26 - 9.1m at 0.16% Cu,
9.79% Pb, 1.13% Zn, 2.54g/t Au, 37.64g/t Ag and 0.39% Sn (16.52%
ZnEq)
• LS_MS_30 - 13.4m at 0.06% Cu,
5.99% Pb, 0.33% Zn, 3.95g/t Au, 16.56g/t Ag and 0.61% Sn (13.19%
ZnEq)
Massive Sulphide (true thickness in all
cases)
• LS_MS_33 - 24.9m at 0.42% Cu,
6.56% Pb, 5.76% Zn, 1.17g/t Au, 184.84g/t Ag and 0.23% Sn (21.09%
ZnEq)
• LS_MS_36 - 20.3m at 0.23% Cu,
6.14% Pb, 9.76% Zn, 1.42g/t Au, 104.65g/t Ag and 0.19% Sn (22.61%
ZnEq)
• LS_MS_35 - 37.6m at 0.25% Cu,
4.10% Pb, 6.87% Zn, 1.19g/t Au, 99.42g/t Ag and 0.17% Sn (17.21%
ZnEq)
• LS_MS_22 - 60.1m at 0.46% Cu,
2.91% Pb, 3.70% Zn, 0.77g/t Au, 81.04g/t Ag and 0.11% Sn (11.62%
ZnEq)
• LS_MS_25 - 19.6m at 0.21% Cu,
5.23% Pb, 5.76% Zn, 1.29g/t Au, 137.32g/t Ag and 0.23% Sn (18.32%
ZnEq)
Drilling for the 2019 exploration program at
Lagoa Salgada targeted the gossan and the sulphide lenses in the
North Zone within the LS West Region. Significant results from the
first 15 holes (4,275 metres) drilled continue to demonstrate
high-grade mineralization in the massive sulphide and in the gossan
lenses over extended true widths. Drilling intersected massive
sulphide mineralization extending the mineralization at depth and
along strike with 14 of the 15 holes expected to contribute
significantly to the goal of expanding and upgrading the current
Mineral Resource Estimate. Several drill results demonstrating the
high-grade nature of mineralization over wide intervals in the
gossan and in the massive sulphide lenses are highlighted above.
Elevated gold values underlie the high-grade mineralization in the
gossan lens while gold, silver, zinc and lead were strong
contributors to high-grade mineralization in the massive sulphide
lens.
Three drill holes successfully tested new
targets in the Central and South Zones. Results from LS_ST_16 (see
below) demonstrated high grade mineralization with elevated copper
values that are thought to be consistent with the expected
mineralization in the Central & South Zones. These two highly
prospective zones will be drilled extensively in the next Phase of
drilling.
Tremendous success has been achieved in
correlating drilling results to anticipated mineralization with
downhole Induced Polarized (“IP”) surveys in the North and South
Zones in the LS West Region during the 2018 and 2019 drill
programs. As a result, the Company intends to overlay an IP survey
on an 8 kilometre gravity anomaly identified in the northern
portion of the property (the LS North and LS East regions) with the
intent of identifying new targets along this highly prospective
trend.
Chris Buncic, President & CEO of Ascendant
stated, “Lagoa Salgada is proving to be an exceptional VMS host;
this is especially apparent as seen by the high-grade and
significant intervals of the 2019 drill results. The North Zone
represents the vast majority of the current Mineral Resource
Estimate, yet management is highly confident it can expand and
upgrade this deposit as well as the Central and South Zones.”
He continued, “We are also very optimistic with
the exploration potential on the 8 km gravity anomaly in the
northern portion of the property where we are applying the same
diligence and strategy as successfully applied to the LS West
Region. With the 2019 program exceeding our expectations thus far,
we look forward to additional results to come over the summer
months as well as providing an updated Mineral Resource in the
third quarter.”
Drill Hole Details
Tables 1 and 2 below provide assay results for
the 15 holes (4,275 metres) in the North Massive Sulphide Zone (see
Figure 1) and 1 hole (410 metres) in the South Stockwork Zone (see
Figure 2). Drill results from the 15 holes in the North Massive
Sulphide Zone highlight the high-grade nature of the gossan and
massive sulphide lenses. The metal distribution is different in the
gossan from that of the massive sulphide. The gossan is gold, tin,
silver and lead enriched. The massive sulphide lens is lead, zinc,
silver, gold and tin enriched. The tin occurs as cassiterite in
both the gossan and massive sulphide. The lead and zinc are galena
and sphalerite respectively. Most of the silver is associated with
galena and there is a small amount of tetrahedrite. The gold is
free in the gossan and associated with the sulphides in the massive
sulphides.
The drill holes were drilled at an angle of
60º to provide additional information of the true thickness
and orientation of the ore zone. Significant thickness of gossan
and massive sulphide mineralization were intersected in holes 14 of
the 15 holes in the North Zone, see Tables 1 and 2 for detail.
Table 1: Drill Intersections
|
|
From |
To |
Length |
True |
Cu |
Pb |
Zn |
Au |
Ag |
Sn |
ZnEq[1,2] |
|
Zone |
(m) |
(m) |
(m) |
Thickness (m) |
(%) |
(%) |
(%) |
(ppm) |
(ppm) |
(%) |
(%) |
LS_MS_21 |
stringer |
189.00 |
193.00 |
4.00 |
3.08 |
0.01 |
0.00 |
0.18 |
1.37 |
9.00 |
0.00 |
2.61 |
LS_MS_22 |
gossan |
166.50 |
180.25 |
13.75 |
11.83 |
0.19 |
1.77 |
0.73 |
1.20 |
88.36 |
0.19 |
8.92 |
|
MS |
180.25 |
258.30 |
78.05 |
60.10 |
0.46 |
2.91 |
3.70 |
0.77 |
81.04 |
0.11 |
11.62 |
|
Including |
231.00 |
258.30 |
27.30 |
21.02 |
0.16 |
3.95 |
6.65 |
1.66 |
150.07 |
0.16 |
18.51 |
LS_MS_23 |
gossan |
166.00 |
169.00 |
3.00 |
2.58 |
0.08 |
5.59 |
0.51 |
0.57 |
66.33 |
0.17 |
9.60 |
|
MS |
169.00 |
178.00 |
9.00 |
6.93 |
0.09 |
3.96 |
0.37 |
1.19 |
79.00 |
0.15 |
9.18 |
LS_MS_24 |
gossan |
154.30 |
159.75 |
5.45 |
4.69 |
0.03 |
0.82 |
0.56 |
0.02 |
2.17 |
0.00 |
1.39 |
|
stringer |
161.00 |
169.00 |
8.00 |
6.16 |
0.17 |
0.13 |
0.09 |
0.65 |
54.50 |
0.00 |
3.03 |
|
and |
209.00 |
217.00 |
8.00 |
6.16 |
0.06 |
1.01 |
1.48 |
0.84 |
22.13 |
0.04 |
4.72 |
LS_MS_25 |
MS |
222.90 |
248.30 |
25.40 |
19.56 |
0.21 |
5.23 |
5.76 |
1.29 |
137.32 |
0.23 |
18.32 |
|
including |
225.00 |
242.00 |
17.00 |
13.09 |
0.21 |
7.27 |
7.42 |
1.75 |
184.88 |
0.32 |
24.30 |
|
2nd MS |
266.60 |
271.30 |
4.70 |
3.62 |
0.37 |
3.69 |
0.22 |
4.03 |
334.50 |
0.35 |
25.73 |
|
stringer |
248.30 |
266.60 |
18.30 |
14.09 |
0.36 |
0.15 |
0.72 |
0.07 |
19.95 |
0.03 |
2.56 |
LS_MS_26 |
gossan |
172.40 |
183.00 |
10.60 |
9.12 |
0.16 |
9.79 |
1.13 |
2.54 |
37.64 |
0.39 |
16.52 |
|
MS |
183.00 |
241.75 |
58.75 |
45.24 |
0.33 |
3.56 |
0.55 |
0.62 |
58.08 |
0.20 |
8.57 |
|
Including |
183.00 |
217.00 |
34.00 |
26.18 |
0.33 |
5.93 |
0.61 |
0.96 |
76.68 |
0.23 |
12.05 |
LS_MS_27 |
gossan |
163.50 |
166.50 |
3.00 |
2.58 |
0.17 |
10.67 |
1.90 |
0.07 |
8.25 |
0.91 |
14.58 |
|
MS |
166.50 |
179.75 |
13.25 |
10.20 |
0.05 |
0.91 |
0.44 |
0.12 |
10.07 |
0.09 |
2.40 |
|
stringer |
209.00 |
212.00 |
3.00 |
2.31 |
0.10 |
0.40 |
2.32 |
0.10 |
14.00 |
0.10 |
4.22 |
LS_MS_28 |
gossan |
170.00 |
179.80 |
9.80 |
8.43 |
0.03 |
0.65 |
0.55 |
0.81 |
8.20 |
0.03 |
2.78 |
|
MS |
179.80 |
196.80 |
17.00 |
13.09 |
0.54 |
2.71 |
0.70 |
0.94 |
274.24 |
0.32 |
15.37 |
|
including |
179.80 |
191.00 |
11.20 |
8.62 |
0.52 |
3.87 |
1.01 |
1.23 |
358.36 |
0.34 |
19.46 |
|
2nd MS |
220.25 |
236.90 |
16.65 |
12.82 |
0.30 |
0.24 |
1.32 |
0.20 |
32.88 |
0.09 |
4.06 |
|
3rd MS |
260.00 |
268.60 |
8.60 |
6.62 |
0.63 |
0.12 |
0.44 |
0.03 |
49.78 |
0.18 |
4.71 |
|
4th MS |
299.50 |
305.00 |
5.50 |
4.24 |
0.49 |
0.07 |
0.76 |
0.13 |
16.33 |
0.04 |
2.74 |
|
stringer |
271.00 |
283.00 |
12.00 |
9.00 |
0.78 |
0.06 |
0.55 |
0.03 |
80.58 |
0.69 |
9.90 |
LS_MS_29 |
gossan |
162.25 |
167.40 |
5.15 |
4.43 |
0.18 |
1.39 |
2.68 |
0.08 |
4.20 |
0.06 |
5.16 |
|
MS |
167.40 |
229.70 |
62.30 |
47.97 |
0.29 |
0.55 |
1.47 |
0.40 |
18.17 |
0.06 |
4.22 |
|
including |
184.00 |
190.00 |
6.00 |
4.62 |
0.99 |
0.75 |
0.50 |
2.97 |
37.00 |
0.09 |
10.09 |
|
Including |
209.00 |
218.00 |
9.00 |
6.93 |
0.23 |
0.56 |
6.83 |
0.20 |
24.67 |
0.08 |
9.49 |
|
2nd MS |
252.20 |
261.50 |
9.30 |
7.16 |
0.51 |
0.09 |
0.83 |
0.08 |
13.50 |
0.03 |
2.68 |
LS_MS_30 |
gossan |
154.90 |
170.50 |
15.60 |
13.42 |
0.06 |
5.99 |
0.33 |
3.95 |
16.56 |
0.61 |
13.19 |
|
MS |
170.50 |
203.85 |
33.35 |
25.68 |
0.57 |
1.43 |
0.08 |
1.13 |
81.03 |
0.26 |
8.36 |
|
Including |
170.50 |
182.00 |
11.50 |
8.86 |
1.01 |
1.94 |
0.13 |
2.76 |
165.58 |
0.33 |
14.82 |
LS_MS_31 |
gossan |
143.95 |
163.70 |
19.75 |
16.99 |
0.03 |
1.79 |
0.43 |
1.01 |
29.50 |
0.43 |
7.18 |
|
MS |
163.70 |
213.35 |
49.65 |
38.23 |
0.71 |
0.83 |
2.03 |
0.79 |
63.37 |
0.17 |
8.85 |
|
Including |
163.70 |
178.00 |
14.30 |
11.01 |
1.79 |
1.82 |
0.18 |
2.29 |
157.86 |
0.39 |
17.32 |
|
2nd MS |
238.50 |
241.00 |
2.50 |
1.93 |
0.22 |
0.24 |
0.60 |
0.08 |
12.33 |
0.02 |
1.72 |
|
stringer |
213.35 |
238.50 |
25.15 |
19.37 |
0.15 |
0.25 |
1.17 |
0.18 |
19.60 |
0.07 |
3.06 |
LS_MS_32 |
gossan |
142.85 |
155.00 |
12.15 |
10.45 |
0.03 |
0.90 |
0.58 |
0.08 |
19.67 |
0.18 |
3.48 |
|
MS |
155.00 |
214.40 |
59.40 |
45.74 |
0.41 |
1.18 |
1.78 |
1.15 |
74.05 |
0.18 |
8.96 |
|
Including |
160.00 |
183.00 |
23.00 |
17.71 |
0.74 |
2.65 |
0.15 |
2.79 |
160.61 |
0.37 |
15.67 |
LS_MS_33 |
gossan |
151.80 |
164.10 |
12.30 |
10.58 |
0.04 |
3.98 |
0.44 |
0.22 |
18.17 |
0.29 |
7.26 |
|
MS |
164.10 |
196.40 |
32.30 |
24.87 |
0.42 |
6.56 |
5.76 |
1.17 |
184.84 |
0.23 |
21.09 |
|
Including |
170.00 |
196.40 |
26.40 |
20.33 |
0.27 |
7.62 |
7.05 |
1.30 |
190.69 |
0.23 |
23.47 |
LS_MS_35 |
MS |
207.60 |
256.40 |
48.80 |
37.58 |
0.25 |
4.10 |
6.87 |
1.19 |
99.42 |
0.17 |
17.21 |
|
Including |
207.60 |
228.00 |
20.40 |
15.71 |
0.27 |
5.34 |
9.86 |
1.64 |
124.60 |
0.20 |
23.20 |
|
Including |
241.00 |
251.00 |
10.00 |
7.70 |
0.19 |
5.76 |
8.55 |
1.52 |
115.30 |
0.19 |
20.99 |
LS_MS_36 |
MS |
211,80 |
238,20 |
26,40 |
20,33 |
0,23 |
6,14 |
9,76 |
1,42 |
104,65 |
0,19 |
22,61 |
|
Including |
211,80 |
224,00 |
12,20 |
9,39 |
0,26 |
8,34 |
13,19 |
1,96 |
136,33 |
0,22 |
30,14 |
LS_ST_16 |
stockwork |
200.00 |
235.00 |
35.00 |
22.75 |
0.56 |
1.59 |
2.55 |
0.12 |
25.66 |
0.01 |
6.30 |
|
Including |
218.00 |
230.00 |
12.00 |
7.80 |
0.98 |
2.67 |
3.88 |
0.17 |
40.92 |
0.02 |
10.30 |
|
stockwork |
250.00 |
273.00 |
23.00 |
14.95 |
0.24 |
0.94 |
1.79 |
0.02 |
7.35 |
0.02 |
3.61 |
|
stockwork |
339.00 |
380.00 |
41.00 |
26.65 |
0.58 |
1.13 |
2.66 |
0.03 |
24.78 |
0.01 |
5.94 |
|
Including |
339.00 |
354.00 |
15.00 |
9.75 |
1.11 |
1.66 |
4.82 |
0.05 |
40.33 |
0.01 |
10.45 |
Notes: 1 ZnEq% was calculated as follows: ZnEq% = ((Zn
Grade*25.35)+(Pb Grade*23.15)+(Cu Grade * 67.24)+(Au
Grade*40.19)+(Ag Grade*0.62)+Sn Grade*191.75)/25.35 2 Metal prices
used: US$1.15/lb Zn, US$1.05/lb Pb, $3.05/lb Cu, US$8.70/lb Sn,
US$19.40/oz Ag, and 1,250/oz Au. No recoveries were applied.
Table 2: Drill Hole
Information
ID |
Easting |
Northing |
Az.(º) |
Dip .(º) |
Elevation |
Status |
Depth (m) |
LS_MS_21 |
546787 |
4232310 |
240 |
-60 |
300 |
Finished |
266.90 |
LS_MS_22 |
546859 |
4232279 |
250 |
-60 |
350 |
Finished |
311.60 |
LS_MS_23 |
546833 |
4232269 |
250 |
-60 |
325 |
Finished |
269.40 |
LS_MS_24 |
546810 |
4232261 |
250 |
-60 |
300 |
Finished |
251.80 |
LS_MS_25 |
546646 |
4232155 |
70 |
-60 |
325 |
Finished |
291.05 |
LS_MS_26 |
546884 |
4232202 |
250 |
-60 |
325 |
Finished |
257.70 |
LS_MS_27 |
546867 |
4232177 |
250 |
-60 |
325 |
Finished |
240.10 |
LS_MS_28 |
546928 |
4232166 |
250 |
-60 |
350 |
Finished |
360.00 |
LS_MS_29 |
546919 |
4232127 |
250 |
-60 |
325 |
Finished |
335.40 |
LS_MS_30 |
546878 |
4232080 |
250 |
-60 |
300 |
Finished |
269.40 |
LS_MS_31 |
546886 |
4232049 |
250 |
-60 |
300 |
Finished |
297.65 |
LS_MS_32 |
546899 |
4232018 |
250 |
-60 |
300 |
Finished |
291.00 |
LS_MS_33 |
546929 |
4232000 |
250 |
-60 |
300 |
Finished |
288.80 |
LS_MS_35 |
546616 |
4232266 |
92 |
-60 |
325 |
Finished |
293.30 |
LS_MS_36 |
546932 |
4231967 |
250 |
-60 |
300 |
Finished |
251.05 |
LS_ST_16 |
547364 |
4231303 |
240 |
-60 |
400 |
Finished |
410.10 |
Quality Assurance and Quality
Control
Analytical work was carried out ALS
Laboratories. Drill core samples were prepared in ALS Lab, in
Seville, Spain. Pulp samples were then sent to their analytical
Laboratory in Ireland, for analysis. The core samples are analyzed
for gold (ppm) by fire assay (Au‐AA25), and for the other elements
by Multi element analysis of base metal ores and mill products by
optical emission spectrometry using the Varian Vista inductively
coupled plasma spectrometer (ME-ICPORE). Samples from the Main
Resource, LS_MS_DH ID, are also assayed for Tin (Sn) by ICP-AES
after Sodium Peroxide Fusion (Sn-ICP81x).
ALS Laboratories has routine quality control
procedures which ensure that every batch of samples includes three
sample repeats, two commercial standards and blanks. ALS
Laboratories is independent from Ascendant. Ascendant used standard
QA/QC procedures, when inserting reference standards and blanks,
for the drilling program.
Review of Technical
Information
The scientific and technical information in this
press release has been reviewed and approved by Robert Campbell,
P.Geo., Vice President, Exploration for Ascendant Resources Ltd,
who is a Qualified Person as defined in National Instrument
43-101.
About Ascendant Resources
Inc.
Ascendant is a Toronto-based mining company
focused on its 100%-owned producing El Mochito zinc, lead and
silver mine in west-central Honduras and its interest in the
high-grade polymetallic Lagoa Salgada VMS Project located in the
prolific Iberian Pyrite Belt in Portugal.
After acquiring the El Mochito mine in December
2016, Ascendant spent 2017 and 2018 implementing a rigorous and
successful optimization program restoring the historic potential of
El Mochito, a mine in production since 1948, to deliver record
levels of production with profitability restored. The Company now
remains focused on cost reduction and further operational
improvements to drive profitability in 2019 and beyond. With a
significant land package of approximately 11,000 hectares in
Honduras and an abundance of historical data, there are several
near-mine and regional targets providing longer term exploration
upside which could lead to further Mineral Resource growth.
Ascendant holds an interest in the high-grade
polymetallic Lagoa Salgada VMS Project located in the prolific
Iberian Pyrite Belt in Portugal. The Company is engaged in
exploration of the Project with the goal of expanding the
already-substantial defined Mineral Resources and testing
additional known targets. The Company’s acquisition of its interest
in the Lagoa Salgada Project offers a low-cost entry point to a
potentially significant exploration and development opportunity.
The Company holds an additional option to increase its interest in
the Project upon completion of certain milestones.
Ascendant Resources is engaged in the ongoing
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: 888-723-7413
info@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
exploration activities and the results of such activities at the
Lagoa Salgada Project, the potential to expand mineralization and
increase mineral resources, the expectation to update Lagoa
Salgada’s Resource Estimate and the completion of a preliminary
economic assessment by the end of 2019. 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
success of the exploration activities at Lagoa Salgada Project, the
ability of the exploration results to expand mineralization and
increase mineral resources, the ability to update Lagoa Salgada’s
Resource Estimate and complete a preliminary economic assessment
before the end of 2019, 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,
uncertainty related to the results of the Company’s exploration
activities at the Lagoa Salgada Project, 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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ffcbccab-bbce-443f-afd2-c073cf5dd8ea
https://www.globenewswire.com/NewsRoom/AttachmentNg/6634a83d-f263-4273-8faa-ccee72b71141
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