Ascendant Resources Lagoa Salgada Project Attributed Project of National Interest Status by Portuguese Government
TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF) ("Ascendant" or the "Company) is pleased to announce that the Lagoa Salgada VMS project (the Project) has been recognized by the Portuguese Government as a Project of National Interest (PIN).
- TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF) ("Ascendant" or the "Company) is pleased to announce that the Lagoa Salgada VMS project (the Project) has been recognized by the Portuguese Government as a Project of National Interest (PIN).
- Mark Brennan, Ascendants Executive Chairman commented, To have the Lagoa Salgada project recognized as a Project of National Interest from the Portuguese Government is a very significant milestone for the project.
- Ascendant holds a 25% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp") and has an earn-in opportunity to increase its interest in the project to 80%.
- The Company's interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.