Ascendant Resources To Host Investor Update Call To Review Development Plan for Lagoa Salgada
May 12 2021 - 5:30AM
Ascendant Resources (TSX: ASND) (“Ascendant” or
the “Company”) is pleased to announce that it plans to host an
investor call on Thursday May 13 at 12:00 pm to provide updated
guidance on the development plan for Lagoa Salgada. Ascendant would
also like to formally introduce Joao Barros, Ascendant’s newly
appointed President.
Meeting Details Below:Topic:
Ascendant Investor Update
Time: May 13, 2021 12:00 PM Eastern Time (US and
Canada)
Join Zoom Meeting
https://zoom.us/j/96168110188?pwd=dS9HY3l3VVY1Sm96UFhFaUVYUnZ4dz09
Meeting ID: 961 6811 0188
Passcode: 158299
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Meeting ID: 961 6811 0188Passcode: 158299Find
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About Ascendant Resources
Inc.Ascendant is a Toronto-based mining company focused on
the exploration and development of the highly prospective Lagoa
Salgada VMS project located on the prolific Iberian Pyrite Belt in
Portugal. Through focused exploration and aggressive development
plans, the Company aims to unlock the inherent potential of the
project, maximizing value creation for shareholders.
Lagoa Salgada contains over 14.75 million tonnes
of M&I Resources and 11.88 million tonnes in Inferred Resources
and demonstrates typical mineralization characteristics of Iberian
Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver
and gold. Extensive exploration upside potential lies both near
deposit and at prospective step-out targets across the large
10,700ha property concession. The project also demonstrates
compelling economics with scalability for future resource growth in
the results of the Preliminary Economic Assessment. Located just
80km from Lisbon, Lagoa Salgada is easily accessible by road and
surrounded by exceptional Infrastructure. Ascendant holds a 21.25%
interest in the Lagoa Salgada project through its 25% position in
Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp") and has an
earn-in opportunity to increase its interest in the project to 80%.
Mineral & Financial Investments Limited owns the additional 75%
of Redcorp. The remaining 15% of the project is held by Empresa de
Desenvolvimento Mineiro, S.A., a Portuguese Government owned
company supporting the strategic development of the country's
mining sector. The Company's interest in the Lagoa Salgada project
offers a low-cost entry to a potentially significant exploration
and development opportunity, already demonstrating its mineable
scale.
The Company's common shares are principally
listed on the Toronto Stock Exchange under the symbol "ASND". For
more information on Ascendant, please visit our website
at www.ascendantresources.com.
Additional information relating to the Company,
including the Preliminary Economic Assessment referenced in this
news release, is available on SEDAR at www.sedar.com.
Neither the Toronto Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX) accepts responsibility for the adequacy or
accuracy of this release.
For further information please contact: |
|
|
Mark Brennan |
Nicholas Campbell, CFA |
CEO, Executive Chairman, Founder |
Manager, Corporate Development |
Tel: +1-647-796-0023 |
Tel: +1-905-630-0148 |
mbrennan@ascendantresources.com |
ncampbell@ascendantresources.com |
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