• New Mineral Resource Estimate of 4.4Mt Indicated and 7.7Mt Inferred demonstrates significant growth from successful Phase 1 drill program • Phase II drill program underway to expand South Zone with intent to eclipse North Zone • ERRATUM: The increase in M&I Resources of 44% and Inferred Resources of 21% released earlier today were [...]
• New Mineral Resource Estimate of 4.4Mt Indicated and 7.7Mt Inferred demonstrates significant growth from successful Phase 1 drill program • Phase II drill program underway to expand South Zone with intent to eclipse North Zone TORONTO, March 03, 2021 -- Ascendant Resources Inc. is pleased to announce an updated Mineral Resource Estimate [...]
Ascendant Resources Inc. is pleased to announce the start of its Phase 2 drilling program in the South Zone at the Lagoa Salgada project located on the Iberian Pyrite Belt in Portugal. The Phase 2 program consists of 1,400m of drilling and downhole IP surveys and follows the very successful recently completed Phase 1 program. The continued [...]
50m Step-out drill holes encounter strong mineralization to expand the wireframe model yet leave the mineralization open to the South and East High-grade Copper intersections include 4.20m @ 3.59% CuEq and 10.50m @ 3.61% and Copper Bonanza intervals of 1.00m @ 14.21% CuEq and 1.40m @ 9.86% CuEq. TORONTO, Jan. 13, 2021 -- [...]
Ascendant Resources Inc. is pleased to provide an update on its on-going drill program on the South Zone at its Lagoa Salgada Project on the Iberian Pyrite belt in Portugal. The Company remains focused on expanding the known mineralization of the copper-rich South Zone. The Company has already published a robust PEA based upon an existing 10MT M&I [...]
Ascendant Resources Inc. is pleased to announce the sale of its marginal zinc sales royalty to Ocean Partners UK Limited for $700,000, payable upon closing of the transaction. The consideration attained upon the sale of American Pacific Honduras S.A de C.V , in April 2020 included the Royalty on zinc sales from the El Mochito mine in the amount of [...]
Placement to fund drill program targeted to significantly expand the copper stockwork in the South Zone at Lagoa Salgada Drilling and geophysics suggests South Zone to be larger than the North Zone TORONTO, Oct. 05, 2020 -- Ascendant Resources Inc. is pleased to announce that it has completed its previously disclosed non-brokered private placement for gross proceeds of C$1.26 million . The Company issued a total of 12.6 million units of the Company at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.15 per share for a 24-month period following the closing date of the Offering. The Company intends to... [...]
Ascendant Resources Inc. is pleased to announce the start of its updated 2020 exploration program, which consists of 2,700m of drilling and downhole IP surveys which will be completed in several phases. The main objective of the proposed program is to significantly increase and upgrade tonnage at the copper-rich South Zone. This is designed to [...]
Ascendant Resources is pleased to announce the voting results of the Company’s 2020 Annual Shareholder’s Meeting held earlier today, September 11, 2020 in Toronto, Ontario. A total of 22,195,340 common shares were voted at the Meeting, representing 27.21% of the votes attached to all outstanding common shares of the Company. All matters presented [...]
● Results include the El Mochito Mine which was sold subsequent to quarter end and is shown as a discontinued operation Q1 2020 Highlights: Contained metal production of 28.8 million ZnEq1 lbs, up 23% vs Q1/19 ZnEq grade of 7.8%, a 16% improvement over Q1/19 Net Revenue from discontinued operations of $13.78 million, down 23% from Q1/19 and down 31% from Q4/19, due to a negative provisional price adjustment of $12.35 million Significant improvement in AISC of $1.03/lb ZnEq versus $1.30/lb ZnEq in Q1/19 Adjusted EBITDA loss of $9.30 million versus $1.45 million gain in Q1/19 Net Loss of $11.14 million and loss per share of $0.14 Sale of El Mochito mine subsequent to the end of Q1/20 announced April 17, 2020 unless otherwise specified) TORONTO, May 13, 2020 -- [wp=3303]Ascendant Resour... [...]
Ascendant Resources Inc. is pleased to announce that Mr. Rui Botica Santos is joining the Company’s Board of Directors. Mr. Santos is a lawyer based in Portugal who is widely regarded as a leading authority in the mining sector in Portugal. Mr. Santos has spent over 20 years representing/assisting domestic and international corporations in [...]
2019 Full Year Highlights Contained metal production of 106.2 million ZnEq1 lbs up 16% from 2018 Cash operating costs of $0.70/ZnEq lb sold, down 11% from 2018 Net loss of $8.21 million or loss per share of $0.11 Continued exploration success at Lagoa Salgada provided basis for February 2020 PEA Q4 2019 Highlights Contained metal production of 29.4 [...]
