Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Ascendant Resources Inc.
Project name: Lagoa Salgada
Location: Portugal
Commodities: Gold,Silver,Copper,Lead,Tin,Zinc
Highlight: Drilling results incl. 78.5m @ 8.17% Zn, 0.26% Cu, 6.57% Pb, 105g/t Ag, 1.6g/t Au, 0.2% Sn from 182.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, May 3rd, 2022 — Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF; FRA: 2D9) (“Ascendant” or the “Company”) reports assay results from 6 metallurgical holes drilled between November 2021 and March 2022 at the Venda Nova deposit at its Lagoa Salgada Project, Portugal. The scope of the program was designed to generate fresh representative samples to optimize the metal recoveries from the various ore types seen within the Venda Nova as part of the ongoing metallurgical testwork. Samples are being tested at Grinding Solutions Ltd. (“GSL”) in the United Kingdom. Drill results currently being reported have outlined continuous intervals of high grade mineralized in the north zone throughout the different domains and several corridors of Fissural ore in the southern zone. The high-grade tenor of these results are expected to significantly increase the contained metal in both deposits. In addition, the new holes (and incorporating previous results) have now identified a new subdomain within the massive sulphides in the north zone. This new subdomain is characterized by a secondary enrichment blanket, rich in both copper and silver. The increased understanding of the various domains is expected to improve the accuracy of metallurgical testing and subsequent results.
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