Ascendant Resources Inc. is pleased to announce the appointment of Robert Campbell to the position of Vice President, Exploration. Mr. Campbell is an exploration geologist with over 40 years experience in mining and exploration in Canada, the United States and Latin America. He is currently a Director of the Company and most recently served as Vice President, Exploration for Largo Resources Ltd., a company he was involved [...]
Ascendant Resources Inc. is pleased to announce it has filed on SEDAR the Technical Report titled Preliminary Economic Assessment for the Expansion of the El Mochito Mine for its producing zinc-lead-silver mine in Honduras. The PEA was prepared in accordance with National Instrument 43-101 and supports the results initially announced on October 22, 2018, demonstrating robust economics and reducing All-in Sustaining Costs [...]
Lower metal prices and provisional pricing adjustments impact net income Q3 2018 Highlights Include: Record contained metal production of 23.9 million ZnEq lbs, an increase of 37% over Q3 2017; the seventh consecutive quarter of strong metal production ZnEq grade of 6.7%, an increase of 24% over Q3 2017 Quarterly tonnes milled of 191,738 t, up 9% from Q3 2017 Net loss of $3.85 million and loss per share of $0.05, mainly [...]
Ascendant Resources Inc. is pleased to announce results from an additional 54 diamond drill holes from its 2018 exploration and definition drilling program at its El Mochito mine in Honduras. The drilling was split between step-out and in-fill drill holes and targeted the following eight areas located mainly in the eastern portion of the mine; Port Royal Manto, Santa Barbara, Santa Elena, Porvenir, Palmar Dyke, Nueva [...]
Optimization program to ensure El Mochito mine generates robust returns in any reasonable zinc price environment Ascendant Resources Inc. is very pleased to announce the results of a Preliminary Economic Assessment for the expansion and optimization of operations at its El Mochito mine in Honduras. Current Mining Layout - Long section of El Mochito Mine looking North Impact of the Proposed Subvertical Shaft - Long section [...]
Q3 2018 Highlights: Contained metal production of 22.3 million ZnEq1 lbs, an increase of 28% over Q3 2017 ZnEq grade of 6.3%, an increase of 17% over Q3 2017 Quarterly tonnes milled 9% up to 191,738 t against Q3 2017 Change to the Board of Directors Ascendant Resources Inc. announces production results from its El Mochito mine for the third quarter of 2018 demonstrating another strong quarter of steady state operating [...]
9.9 meters of 3.19% Copper in new displacement zone at depth Cross Section of Drill Hole LS_MS_07 Plan View of the 2018 Planned Drill Holes Ascendant Resources Inc. is very pleased to announce the results from the first drill hole, LS_MS_07, from its recently initiated 22 hole drill program at the high-grade Lagoa Salgada polymetallic volcanogenic massive sulphide Project , located in the Iberian Pyrite Belt in Portugal [...]
Ascendant Resources Inc. is pleased to announce results from an additional 24 diamond drill holes from its 2018 exploration and definition drilling program at its El Mochito mine in Honduras. The drilling was split between in-fill and step-out drill holes, and targeted extensions of four ore bodies, namely Porvenir, Santa Elena, Port Royal Manto and Esperanza . These results continue to support the Company’s goal of [...]
Ascendant Resources Inc. has started its exploration program at the high-grade Lagoa Salgada polymetallic volcanic massive sulphide Project located on the Iberian Pyrite Belt in Portugal. Plan view of the 2018 planned drill holes Overview of the Lagoa Salgada and Rio de Moinhos Sectors The exploration program includes 22 diamond drill holes with a total of 7,750 metres divided over three primary areas: the Main Zone, the [...]
Ascendant Resources Inc. is pleased to announce its wholly owned subsidiary, American Pacific Honduras S.A. de C.V closed a US$5 million short-term revolving credit facility with Banco Financiera Comercial Hondurena S.A. based out of Tegucigalpa, Honduras. The credit facility has a 12-month term from the closing date, bears interest at a rate of 8-13%, depending on currency drawn down, and is renewable on an annual basis [...]
Q2 2018 Highlights Include: Net income of $4.58 million and earnings per share of $0.06 Adjusted EBITDA of $7.38 million; fourth consecutive quarter of positive adjusted EBITDA Record contained metal production of 22.9 million ZnEq lbs; the sixth consecutive quarter of metal production growth Direct operating costs of $76.61/t, a decrease of 3% year to date and 17% over Q2/17 ZnEq grade of 6.3%, an increase of 15% over [...]
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 and Aguas Tenidas mines and Aljustrel 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 [...]
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