Lagoa

Ascendant Resources Makes US$2.5 Million Final Payment Under Earn-In Agreement for Lagoa Salgada VMS Project, Portugal

Retrieved on: 
Wednesday, December 14, 2022
Silver, Zinc, Copper, US, FRA, Tin, Toronto Stock Exchange, News, Economics, Gold, Mineral, Ascendant, Lagoa Salgada, SEDAR, Lagoa, Area studies, Iberian Pyrite Belt, TSX, Project, Growth, Techno-economic assessment, Lead, Mining, Venda Nova, Inference, Sustainability metrics and indices

Ascendant has made the final US$2.5 million payment to the optionor, Mineral & Financial Investment AG, as required under the earn in agreement with respect to the Project.

Key Points: 
  • Ascendant has made the final US$2.5 million payment to the optionor, Mineral & Financial Investment AG, as required under the earn in agreement with respect to the Project.
  • Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • The Venda Nova deposit at Lagoa Salgada contains over 10.33 million tonnes of Measured and Indicated Resources @ 9.06 % ZnEq and 2.50 million tonnes of Inferred Resources @ 5.93 % ZnEq in the North Zone; and 4.42 million tonnes of Indicated Resources @ 1.50 % CuEq and 10.83 million tonnes of Inferred resources @ 1.35% CuEq in the South Zone.
  • Located just 80km from Lisbon, Lagoa Salgada is easily accessible by road and surrounded by exceptional Infrastructure.

Ascendant Resources Announces 5,000 Metre Satellite Target Exploration Program at Its Lagoa Salgada Property in Portugal

Retrieved on: 
Tuesday, November 29, 2022
Growth, Copper, National Instrument 43-101, Silver, Anomaly, Lagoa, Toronto Stock Exchange, TSX, Economics, Iberian Pyrite Belt, Tin, Techno-economic assessment, Lagoa Salgada, Feasibility study, Lead, VMS, DDH, National instrument, Gold, Mining feasibility study, SEDAR, Maxwell, News, Ascendant, Zinc, FRA, Mining, Lithium, Electromagnetism, Venda Nova, Inference, Performance indicator

This program is the first exploration program designed to step out and test the potential for additional mineralized lenses in the Venda Nova area outside of the current known resources.

Key Points: 
  • This program is the first exploration program designed to step out and test the potential for additional mineralized lenses in the Venda Nova area outside of the current known resources.
  • Mark Brennan, Executive Chairman of Ascendant stated, We are pleased to be commencing a new phase of exploration which we believe has the potential to substantially increase resources and expand the long-term potential we see at Lagoa Salgada.
  • Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209ha property concession.

Ascendant Resources Reports 12 Metres at 3.3% Copper (5.5% CuEq) and Discovers New Copper Enriched Zone Below Current Resources in the South Zone at Its Lagoa Salgada Project, Portugal

Retrieved on: 
Thursday, July 28, 2022
TSX, Copper, GLOBE, Ascendant, Lagoa, 300 metres, Resource management, Metal, Metallurgy, Vein, Lead, Company, Lens, OTCQB, Program, VMS, Lagoa Salgada, Mining, Venda Nova

Based on the drill intercepts reported and in conjunction with prior results, the Company has defined a new High-grade copper zone within the South Zone with potential extension at depth.

Key Points: 
  • Based on the drill intercepts reported and in conjunction with prior results, the Company has defined a new High-grade copper zone within the South Zone with potential extension at depth.
  • As of July 18, 2022, Ascendant has completed 15 drill holes (6 Metallurgy holes and 9 infill holes) totalling 6,118m with an additional 3 drill holes currently in progress.
  • Hole ST-31 results are encouraging, particularly towards the deeper portion of the hole which targeted the stratigraphic base of the current South Zone wireframe.
  • A preliminary exercise has been carried out to understand the context of this high-grade Cu zone integrating current results with historic data.

Sao Chico Exploration Demonstrates Further Growth Potential

Retrieved on: 
Friday, August 13, 2021
SRB, Time, Main, Hope, A Funk Odyssey, Lagoa, TSX, Crossroads, Gold, Anomaly, Exercise, AIM, PDF, Gabi, Review, Lagaao, Mining, Road, Uranium

Julia Vein underground drilling intersected 3.3m @ 12.02g/t indicating a potential deeper mineralised shoot developing below 200 metres vertical depth on Julia Zone 3.

Key Points: 
  • Julia Vein underground drilling intersected 3.3m @ 12.02g/t indicating a potential deeper mineralised shoot developing below 200 metres vertical depth on Julia Zone 3.
  • Recent drilling has also led us to review some historic Sao Chico drilling results and core with encouraging results, notably the identification of the Gabi Vein.
  • Located 70 metres south of the Main Vein it was intersected with early Sao Chico drillholes that were targeting the Main Vein.
  • Significant intercepts reported from the Sao Chico brownfields exploration are summarised in the table below.

Ascendant Resources Begins Preliminary Economic Assessment Combining the North and South Zones at Its Lagoa Salgada VMS Project in Portugal

Retrieved on: 
Wednesday, June 9, 2021
Countries, Economic geology, Municipalities of Portugal, Mining, Lagoa, Iberian Pyrite Belt, National Instrument 43-101, PORTUGAL

Mark Brennan, Executive Chairman of Ascendant stated, We are very excited to start our larger scale Preliminary Economic Assessment for Lagoa Salgada.

Key Points: 
  • Mark Brennan, Executive Chairman of Ascendant stated, We are very excited to start our larger scale Preliminary Economic Assessment for Lagoa Salgada.
  • The new PEA is planned to encompass an updated NI 43-101 Resource for both the North and South Zones at Lagoa Salgada which should be completed shortly.
  • Ascendant Resources Inc. is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • The project also demonstrates compelling economics with scalability for future resource growth in the results of the Preliminary Economic Assessment completed in 2020.

Ascendant Resources To Host Investor Update Call To Review Development Plan for Lagoa Salgada

Retrieved on: 
Wednesday, May 12, 2021
Economic geology, Lagoa, Iberian Pyrite Belt, Geology

b'Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.

Key Points: 
  • b'Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 10,700ha property concession.
  • The project also demonstrates compelling economics with scalability for future resource growth in the results of the Preliminary Economic Assessment.
  • Located just 80km from Lisbon, Lagoa Salgada is easily accessible by road and surrounded by exceptional Infrastructure.

Ascendant Resources Announces C$3.9 Million Debenture Funding to Deliver Enhanced Metallurgical Testwork and a New PEA at Its Lagoa Salgada Project in Portugal

Retrieved on: 
Tuesday, May 11, 2021
Finance, Money, Corporate finance, Sports, Debenture, Debt, Warrant, Lagoa, Feasibility study

The metallurgical test work is expected to be completed to a Pre-Feasibility Report level of study given the nature of the ores typically seen in the region.

Key Points: 
  • The metallurgical test work is expected to be completed to a Pre-Feasibility Report level of study given the nature of the ores typically seen in the region.
  • The new results are expected to show a material increase in the economic potential offered at Lagoa Salgada.
  • Delivery of the new PEA is scheduled to be completed by mid August.\nMark Brennan, Ascendant\'s Executive Chairman, commented, "We are pleased to have secured this funding on attractive terms.
  • Each Unit consists of $1,000 principal amount of 10% secured debentures ("Debentures") and 3,333 common share purchase warrants ("Debenture Warrants").

Ascendant Resources Announces the Appointment of Mr. Joao Barros as President

Retrieved on: 
Monday, May 3, 2021
Lagoa, Barros

Mr. Barros is a Civil Engineer with an MSc in Geology with more than 17 years of experience tied to the mining industry in Portugal.\nMr.

Key Points: 
  • Mr. Barros is a Civil Engineer with an MSc in Geology with more than 17 years of experience tied to the mining industry in Portugal.\nMr.
  • Barros is currently President of Ascendant Portugal and President of Redcorp \xe2\x80\x93 Empreendimentos Mineiros, Lda., the joint venture company in which Ascendant has its investment and is earning an 80% interest in Lagoa Salgada.
  • Mr. Barros has been instrumental in the advancement of the Lagoa Salgada project under Ascendant\xe2\x80\x99s direction.
  • Joao comes from an esteemed family steeped in the recent history of mining in Portugal.

Ascendant Resources to Begin Phase 2 Metallurgical Test Work at its Lagoa Salgada VMS Project in Portugal

Retrieved on: 
Wednesday, March 17, 2021
Lagoa

TORONTO, March 17, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (FRA: 2D9) ("Ascendant" or the "Company) is pleased to announce the beginning of its phase 2 metallurgical test work on both the massive sulphide and stockwork ores at its Lagoa Salgada project in Portugal, following very encouraging results obtained in the first stage of metallurgical test work.

Key Points: 
  • TORONTO, March 17, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (FRA: 2D9) ("Ascendant" or the "Company) is pleased to announce the beginning of its phase 2 metallurgical test work on both the massive sulphide and stockwork ores at its Lagoa Salgada project in Portugal, following very encouraging results obtained in the first stage of metallurgical test work.
  • For Lagoa Salgada, we have already completed multiple mineralogical studies and phase 1 metallurgical test work to assess the deposits metallurgical characteristics.
  • Ascendant Resources Inc. is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal.
  • The Companys interest in the Lagoa Salgada project offers a low-cost entry to a potentially significant exploration and development opportunity, already demonstrating its mineable scale.

Ascendant Resources Initiates Phase 2 Exploration Drilling Program in the Copper-Rich South Zone at Lagoa Salgada

Retrieved on: 
Wednesday, January 27, 2021
Oil well, Lagoa, Drilling, Inventions, Economy, Science and technology

Following highly successful Phase I program, drilling is expected to continue to significantly expand resources in the south zone

Key Points: 
  • Following highly successful Phase I program, drilling is expected to continue to significantly expand resources in the south zone
    TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company) 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 South Zone remains open along strike and at depth according to geological data collected during the Companys previous exploration activities.
  • The 1,400m of drilling in Phase 2 aims to better define this high-grade copper-rich zone on the Lagoa Salgada South Zone Resource, and in particular the LS_ST_23 drill hole defined by 5 main corridors of high-grade, strong stockwork mineralization.