Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) (“Ascendant” or the “Company”) is pleased to announce its wholly owned subsidiary, American Pacific Honduras S.A. de C.V (“AMPAC”) closed a US$5 million short-term revolving credit facility (the “credit facility”) with Banco Financiera Comercial Hondurena S.A. (“Ficohsa”) based out of Tegucigalpa, Honduras.
- Low-cost entry to a significant high-grade VMS polymetallic deposit within reach of mineable scale in the Iberian Pyrite Belt along trend from the transformational Neves Corvo (Lundin) and Aguas Tenidas (Trafigura) mines and Aljustrel (private)
- NI 43-101 Indicated Resource of 5.8 million tonnes at 8.88% ZnEq and 2.0 million tonnes of Inferred Resources at 7.82% ZnEq at the LS-1 Deposit and 2.2 million tonnes at 4.80% ZnEq at the LS-1 Central Deposit (see below)
- Immediately accretive to Ascendant’s ZnEq metal exposure with significant and rapid expansion anticipated through the commencement of a low-cost drill program
- Exemplifies Ascendant’s ability to identify unique high-impact mineral opportunities
TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) (“Ascendant” or the “Company”) is pleased to announce that it has acquired from TH Crestgate GMBH (“Crestgate”) a 25% interest in Redcorp – Empreendimentos Mineiros, Lda, (“Redcorp”), which holds an 85% interest in the polymetallic Lagoa Salgada volcanic massive sulphide (“VMS”) Project ( “Lagoa” of the “Project”) located within the prolific Iberian Pyrite Belt in Portugal and has an additional option to earn up to an 80% interest in Redcorp upon completion of the milestones highlighted below.
TORONTO, April 10, 2018 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards. The new Estimate shows a material increase in both Mineral Resources and Reserves against the previous Mineral Resource and Reserve Estimates dated December 31, 2015, underscoring the mine’s long history of expanding and upgrading Mineral Resources. Highlights include the following:
For Ascendant Resources (T.ASND) , 2017 was an extremely successful turnaround year. The Company’s El Mochito zinc, lead and silver mine located in Honduras has been in continuous operations for 70 years but, over the course of recent years, suffered from underinvestment and some neglect from its previous operator. With its recently released 2017 full year production results and 2018 guidance, it is now clear Ascendant is well positioned to build on the strong operational successes of 2017 with tremendous long-term opportunity remaining at El Mochito yet to be fully harnessed.
Ascendant’s (T.ASND) El Mochito zinc-lead-silver mine is located in northwest Honduras and has been in continuous operations for over 70 years. As Ascendant CEO Chris Buncic puts it, “The El Mochito mine is a turnaround story and we are happy to report that the turnaround is near completion.”
TORONTO, Oct. 16, 2017 /CNW/ – Chris Buncic, President and CEO, Ascendant Resources Inc. (ASND), joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group, to open the market. Ascendant Resources Inc. is a mining company focused on its producing El Mochito zinc, silver and lead mine in west-central Honduras in which the Company has a 100% interest. Ascendant Resources Inc. graduated from TSX Venture Exchange and commenced trading on Toronto Stock Exchange on July 20, 2017.