Ascendant commences first greenfield exploration drilling since acquiring the Lagoa Salgada option 5,000m exploration program targeting two undrilled IP/EM anomalies with the potential for sizeable concentrations of mineralization Drilling underway at "Anomaly D" a high impact target hoped to be a replica of the North Zone; Lagoa Salgada's richest [...]
Ascendant Resources Inc. is pleased to announce that it has satisfied all financial conditions required to increase its effective ownership interest from 50% to 80% in the Lagoa Salgada VMS project in Portugal. Ascendant has made the final US$2.5 million payment to the optionor, Mineral & Financial Investment AG, as required under the earn in [...]
Metallurgical drill program at North Zone of Venda Nova now complete Additional high-grade intercepts at North Zone , including: 58 meters @ 20.51% Zinc Equivalent from 165m Extension of copper rich subdomain below the North Zone with new intercept of: 14m @ 2.34% Copper or 12.53 % Zn Eq. from 252m TORONTO, Dec. 05, 2022 -- [...]
5,000m program targeting several prospective undrilled IP/EM anomaly targets Two high priority undrilled targets identified within the Venda Nova area: Anomaly D: Shallow target located north-east of Venda Nova South Zone Anomaly B: Large deep target located north-east of Venda Nova North Zone TORONTO, Nov. 29, 2022 -- [...]
Ascendant Resources Inc. is very pleased to announce it has entered into a US$15 million metals stream agreement with Sprott Private Resource Streaming and Royalty Corp. for its Lagoa Salgada VMS project located close to Lisbon, Portugal . Proceeds will be used to i) complete the ongoing 43-101 compliant feasibility study for the Project; ii [...]
Ascendant Resources Inc. is pleased to announce full assay results of a 200-meter step-out drill hole at Venda Nova South at its Lagoa Salgada Project. The scope of this drill hole was to test the down plunge extension of the recently identified high-grade footwall Cu lens . Mark Brennan, Executive Chairman of Ascendant stated, "We are very pleased [...]
Ascendant Resources is pleased to announce that it has amended the terms of the earn-in and call option agreements with Mineral & Financial Investments AG to provide the Company an extension to June 22, 2023 to complete the Feasibility Study to earn an 80% interest in the Lagoa Salgada Project, and will only exercise call options further diluting [...]
Ascendant Resources Inc. is pleased to announce the voting results from the Company's 2022 Annual and Special Shareholders' Meeting held on June 29, 2022, in Toronto, Ontario. At the Meeting, shareholders elected new members to the board of directors, among other matters approved. Mark Brennan, Executive Chairman, commented, "We are very pleased [...]
Ascendant Resources reports assay results from an additional seven holes drilled as part of the ongoing infill drill program at its Lagoa Salgada VMS Project, Portugal. Drill hole assays released today continue to support resource conversion for the ongoing feasibility study at the Venda Nova deposit but have also (i) outlined the discovery of a [...]
Ascendant Resources is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement of common shares of the Company. The Offering consisted of the issuance by the Company of 17,560,000 common shares at a price of $0.20 per common share (the "Offering Price") for gross proceeds of [...]
Ascendant Resources is pleased to announce that it has satisfied the conditions to increase its effective ownership interest from 25% to 50% in the Lagoa Salgada VMS project in Portugal. Ascendant has spent US$9 million on the Project and has made a US$1 million payment to the optionor, Mineral & Financial Investment, as required under the original [...]
Ascendant Resources is pleased to announce the close of the first tranche (“First Tranche”) of its non-brokered private placement announced on May 13, 2022. The second and final tranche to complete the offering, is expected to close on or about May 25, 2022. Under the First Tranche, the Company has issued 14,416,893 common shares of the Company at [...]
