9.9 meters of 3.19% Copper in new displacement zone at depth Cross Section of Drill Hole LS_MS_07 Plan View of the 2018 Planned Drill Holes Ascendant Resources Inc. is very pleased to announce the results from the first drill hole, LS_MS_07, from its recently initiated 22 hole drill program at the high-grade Lagoa Salgada polymetallic volcanogenic [...]
Ascendant Resources Inc. is pleased to announce results from an additional 24 diamond drill holes from its 2018 exploration and definition drilling program at its El Mochito mine in Honduras. The drilling was split between in-fill and step-out drill holes, and targeted extensions of four ore bodies, namely Porvenir, Santa Elena, Port Royal Manto [...]
Ascendant Resources Inc. has started its exploration program at the high-grade Lagoa Salgada polymetallic volcanic massive sulphide Project located on the Iberian Pyrite Belt in Portugal. Plan view of the 2018 planned drill holes Overview of the Lagoa Salgada and Rio de Moinhos Sectors The exploration program includes 22 diamond drill holes with a [...]
Ascendant Resources Inc. is pleased to announce its wholly owned subsidiary, American Pacific Honduras S.A. de C.V closed a US$5 million short-term revolving credit facility with Banco Financiera Comercial Hondurena S.A. based out of Tegucigalpa, Honduras. The credit facility has a 12-month term from the closing date, bears interest at a rate of [...]
Q2 2018 Highlights Include: Net income of $4.58 million and earnings per share of $0.06 Adjusted EBITDA of $7.38 million; fourth consecutive quarter of positive adjusted EBITDA Record contained metal production of 22.9 million ZnEq lbs; the sixth consecutive quarter of metal production growth Direct operating costs of $76.61/t, a decrease of 3 [...]
Low-cost entry to a significant high-grade VMS polymetallic deposit within reach of mineable scale in the Iberian Pyrite Belt along trend from the transformational Neves Corvo and Aguas Tenidas mines and Aljustrel NI 43-101 Indicated Resource of 5.8 million tonnes at 8.88% ZnEq and 2.0 million tonnes of Inferred Resources at 7.82% ZnEq at the LS-1 [...]
Provides Update on Ongoing Long-Term Optimization Plan at El Mochito Q2 2018 Production Highlights: Record contained metal production of 22.9 million ZnEq lbs, an increase of 7% over Q1 2018 and 49% over Q2 2017 ZnEq grade of 6.3%, representing an increase of 3% over 6.1% ZnEq in Q1 2018 and a 14% increase over 5.5% ZnEq in Q2 2017 Quarterly tonnes [...]
Ascendant Resources Inc. is pleased to announce the voting results of the Company’s 2018 Annual and Special Shareholder’s Meeting held earlier today, June 19, 2018 in Toronto, Ontario. A total of 17,854,214 common shares were voted at the Meeting, representing 24.06% of the votes attached to all outstanding common shares of the Company [...]
TORONTO, June 14, 2018 -- Ascendant Resources Inc. is pleased to announce results from 40 diamond drill holes 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 [...]
TORONTO, May 28, 2018 -- Ascendant Resources Inc. is pleased to announce the Company has filed a Technical Report for its El Mochito mine in Honduras entitled, “ASC 2018 Technical Report on the Mineral Resources and Mineral Reserves of Ascendant Resources Inc. Producing El Mochito Mine in Honduras”, , supporting the updated Mineral [...]
Chris Buncic, CEO of Ascendant Resources talks about the company's 100 percent owned, El Mochito Mine in Honduras. If you cannot view the video above. Ascendant Resources is being featured on CBC's Documentary Channel the weeks of May 14 - May 27, 2018 Monday through Friday, throughout the day and evenings. Ascendant Resources: Ascendant is a [...]
Q1 2018 Highlights Include: Net income of $5.29 million and earnings per share of $0.07 Adjusted EBITDA of $7.95 million; third consecutive quarter of positive adjusted EBITDA Free cash flow of $5.30 million resulting in a cash balance of $13.26 million at March 31, 2018 Direct operating costs of $72.33/t, a decrease of 27% from Q1 2017 and 10 [...]
