Ascendant Resources Inc. (TSX: ASND | OTCQB: ASDRF) has announced an exploration programme targeting several high priority geophysical anomalies adjacent to the company’s existing North and South Zones within the Venda Nova Area.
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.”
This programme is the first exploration programme designed to step out and test the potential for additional mineralized lenses in the Venda Nova area outside of the current known resources. Ascendant has said that the initial phase will comprise of six to eight DDH holes for a total of 5,000m.
These initial targets have been identified through a concurrence of physical properties consistent with VMS deposits and the company’s success at the North and South zones, namely: high density, conductivity, and chargeability.
The first phase of exploration will reportedly focus on two higher priority targets, which through interpretation of the DPEM survey Ascendant conducted earlier this year, include modelled conductive plates. Both targets have the dimensions and predicted physical properties comparable to the existing North and South Zones at Venda Nova and indicate the potential for sizable concentrations of massive to semi massive sulphides.
Ascendant’s interpretation of geophysics has contributed tremendously to our understanding of the North and South Zones at Venda Nova and have proven a successful exploration tool across the Iberian Pyrite Belt. While we continue to progress the Feasibility Study on the North and South zones, we are optimistic that this initial step-out exploration programme will begin to unlock the potential for new orebodies at Lagoa Salgada.” Mark added.
To find out more, please visit www.ascendantresources.com