LAGOA SALGADA

Ascendant Starts Drilling “Anomaly D” Exploration Target With Analogous Signature to North Zone Massive Sulphide Deposit at Lagoa Salgada

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Wednesday, January 18, 2023

PEA, IBP, See, National Instrument 43-101, TSX, FRA, Anomaly, VMS, Electromagnetism, Maxwell, Iberian Pyrite Belt, Ascendant, US, National instrument, Oil, Uranium, Lithium, Venda Nova, Resource

Anomaly D coincides with an elongated gravity anomaly that extends throughout the central part of the 7,209ha Lagoa Salgada property (see Figure 1.)

Key Points:

Anomaly D coincides with an elongated gravity anomaly that extends throughout the central part of the 7,209ha Lagoa Salgada property (see Figure 1.)
The Company believes this target may represent the folding of the same permissive horizon as the North Zone (See Figure 2).
Mark Brennan, Executive Chairman of Ascendant stated, “This is the first step-out program to target additional orebodies since Ascendant acquired the option on the Lagoa Salgada Project in 2018.
Anomaly B is located ~1 kilometer to the northeast of the Venda Nova North Zone massive sulphide lens.

Ascendant Closes First Tranche of C$3.5 Million Non-Brokered Private Placement

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Friday, May 20, 2022

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche (“First Tranche”) of its non-brokered private placement (the "Offering") announced on May 13, 2022. The second and final tranche to complete the offering, is expected to close on or about May 25, 2022.

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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche (First Tranche) of its non-brokered private placement (the "Offering") 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 a price of C$0.20 per common share (the "Offering Price") for aggregate proceeds of C$2,883,378.60.
Insiders of the Company subscribed for a total of 9,766,893 common shares at the Offering Price for total gross proceeds of C$1,953,378.60.

Ascendant Announces New DPEM Survey to Investigate Mineralization at Depth and Provides Update on Its In-Fill Drill Program at Its Venda Nova Deposit at Lagoa Salgada

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Wednesday, January 26, 2022

International Geophysical Technology (IGT) has been mobilized to site and has commenced a Deep Penetrating Electromagnetic Survey over the Venda Nova deposit at Lagoa Salgada.

Key Points:

International Geophysical Technology (IGT) has been mobilized to site and has commenced a Deep Penetrating Electromagnetic Survey over the Venda Nova deposit at Lagoa Salgada.
Current IP Resistivity / Chargeability inversion shows a continuous footprint between the Venda Nova North and South Zones that correlates with elevated gravity.
These surveys indicate the presence of a potential extension of mineralization between the North and South Zones at depth.
Additionally, Ascendant has commenced an in-fill drill program at the Veda Nova Deposit at Lagoa Salgada to support upgrading its resources to Measured and Indicated categories to support the completion of a Feasibility study on the Venda Nova Deposit at Lagoa Salgada, Portugal.

APOGEE MINERALS LTD. ANNOUNCES PROPOSED TRANSACTION WITH ALTO VERDE COPPER INC.

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Tuesday, January 25, 2022

VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) --

Key Points:

Apogee Minerals Ltd. (Apogee or the Company) (TSXV: APMI) is pleased to announce that it has entered into a non-binding letter of intent dated January 24th, 2022 (the LOI) with Alto Verde Copper Inc. (Alto Verde), in respect of a proposed business combination transaction (the Proposed Transaction) expected to be completed by way of three cornered amalgamation.
On closing of the Proposed Transaction, it is anticipated that the Resulting Issuer (as defined below) will change its name to Alto Verde Copper Inc. (the Name Change).
Alto Verde Copper Inc. is a private mining company focused on its portfolio of prospective exploration assets located in the Central Volcanic Zone, within the prolific Chilean Copper belt.
Although Alto Verde has no current plans for Zenaida, preliminary results indicate the potential for mineralization and may warrant further analysis and follow-up by Alto Verde in the future.

Argus Research Initiates Equity Report Coverage on Ascendant Resources Inc. (TSX: ASND)

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Thursday, July 8, 2021

Economy, Economy of Toronto, Toronto Stock Exchange, Securities research, Ascendant

NEW YORK, July 8, 2021 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Report coverage on Ascendant Resources Inc. (TSX: ASND).

Key Points:

NEW YORK, July 8, 2021 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Report coverage on Ascendant Resources Inc. (TSX: ASND).
Click here to view Full Argus Equity Report.
Upon the publication of the new PEA, Ascendant Resources plans to initiate a feasibility study and anticipates completion near the end of 2022.
Ascendant Resources Inc. was incorporated in 2006 and is headquartered in Toronto, Canada.

Ascendant Resources Announces Updated Mineral Resource Estimate and Provides an Update to Geological Modeling to Support Future Growth Potential at Its Lagoa Salgada VMS Project in Portugal

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Thursday, June 17, 2021

Mining, Occupational safety and health

The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Key Points:

The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
Given the expanded resource a larger scale operation is envisioned than the prior PEA on the North Zone as a standalone operation.
The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
The project also demonstrates compelling economics with scalability for future resource growth in the results of the Preliminary Economic Assessment.

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

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

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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.