Ascendant Resources Inc. (TSX: ASND | OTCQB: ASDRF) has unveiled assay results from the infill drill programme at its Lagoa Salgada VMS Project in Portugal, which continue to support resource conversion for the ongoing feasibility study at the Venda Nova deposit.
The newly released drill hole assays have also outlined the discovery of a new copper-gold-rich semi massive sulphide lens east of the South Zone and confirmed the continuity of the stringer zone below the massive sulphide lens in the North Zone.
As of 14 June 2022, the company has reported results from 13 drill holes, totalling 4,749.9m.
Highlights of the Lagoa Salgada VMS Project include:
- New semi massive sulphide Copper-Gold zone discovered east of the South Zone
- including: 6m @ 1.77% Cu and 0.8 g/t Au from 201m
- Continuous high-grade mineralization intersected through the North Zone of 59m @ 16.76% ZnEq 1 from 161m
- including 22m @ 26.30% ZnEq 1 from 177m
- Stringer zone continuity confirmed below the North Zone
- including: 39m @ 3.61% ZnEq 1 from 273m
This new discovery in the South Zone has prompted the company to slightly amend its infill drill plan by collaring holes further to the east, aiming to test the possible stratigraphic continuity of exhalative/massive sulphides and continuous connection to the North Zone.
Mark Brennan, executive chairman, stated: “As we complete our infill drilling campaign, we are encouraged to see continued evidence for strong resource conversion underpinning the ongoing feasibility study for Venda Nova.”
For further information please visit: https://ascendantresources.com/
