Ascendant Resources Inc. (TSX: ASND | OTCQB: ASDRF) has reported assay results from a hole entitled ‘hole ST_31’ which was completed as part of the company’s ongoing infill drill programme at the Venda Nova Deposit at the Ascendant’s Lagoa Salgada VMS Project, Portugal.
Based on the drill intercepts reported and in conjunction with prior results, the company has defined a new High-grade copper zone within the project’s South Zone with potential extension at depth. The High-grade copper intercepts reported in hole ST_31 are significant as the hole is expected to increase the mineralized volume and the grade of the existing block model for the project’s South Zone and based on data collected to date, it could support the sub domaining of a high-grade copper dominated stacked lens towards and beyond the footwall of the existing constraining wireframe. The hole also continues to support resource conversion for an ongoing feasibility study at the Venda Nova deposit.
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. Assays reported today represent full results received as of July 26.
Mark Brennan, Executive Chairman commented: “As drilling continues, our understanding of the deposit continues to improve and highlights that we remain in the early stages of defining a greater VMS system at Lagoa Salgada. These results are yet another in a stream of successive discoveries that have been uncovered as part of the infill program at Venda Nova and positions the project extremely well for both our upcoming Mineral Resource update targeted for Q3 and our future exploration programs at Lagoa Salgada.”
Drill Hole Highlights (apparent thickness):
- 16m at 2.60% Cu (4.33% CuEq containing 2.60% Cu, 2.06% Zn, 0.78% Pb, 68.9 g/t Ag and 0.16 g/t Au) from 505m
- Including 12m at 3.30% Cu (5.50% CuEq containing 3.30% Cu, 2.57% Zn, 1.00% Pb, 88.7 g/t Ag and 0.20 g/t Au) from 509m
- 22m at 0.83% Cu (2.11% CuEq containing 0.83% Cu, 0.44% Zn, 0.50% Pb, 44.3 g/t Ag and 0.04 g/t Au) from 541m
- Including 10m at 1.57% Cu (3.98% CuEq containing 1.57% Cu, 3.92%Zn. 0.95% Pb, 79.6 g/t Ag and 0.06 g/t Au) from 553m
