Ascendant Resources Inc. is very pleased to announce continued exploration success highlighted by high-grade drill results over extended intervals that are expected to significantly expand and upgrade the current resource at the Lagoa Salgada VMS Project located on the Iberian Pyrite Belt in Portugal. Ascendant anticipates a new NI 43-101 Resource Estimate will be completed in the third quarter and a Preliminary Economic [...]
Second Quarter 2019 Highlights: Record contained metal production of 24.6 million ZnEq1 lbs, up 8% from Q2 2018 Average grade of 6.7% ZnEq, up 7% from Q2 2018 Record milled throughput of 195.7 k tonnes, up 1.7% over Q2 2018 TORONTO, July 17, 2019 -- Ascendant Resources Inc. is pleased to release second quarter 2019 production results highlighted by record throughput and contained metal production since assuming ownership [...]
Ascendant Resources is pleased to announce the voting results of the Company’s 2019 Annual and Special Shareholder’s Meeting held earlier today, June 14, 2019 in Toronto, Ontario. A total of 27,167,473 common shares were voted at the Meeting, representing 35.24% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly [...]
Company expects metal production to ramp up during second half of the year Q1 2019 Highlights: Contained metal production of 23.4 million ZnEq1 lbs, up 9% vs Q1 2018 ZnEq grade of 6.7%, a 10% improvement over Q1 2018 Quarterly milled tonnes of 192,922, up 3% over Q1 2018 as result of new Esperanza access ramp which also provides significant exploration opportunities Direct Operating Costs of $80.53/t milled, a decrease of [...]
First Quarter 2019 highlights: Contained metal production of 23.4 million ZnEq1 lbs, up 9% from Q1 2018 Grade of 6.7% ZnEq, up 10% from Q1 2018 Milled throughput of 192,922 tonnes up 3% over Q1 2018 with new access ramp to Esperanza commissioned Completion of Esperanza drift provides significant exploration opportunity Ascendant Resources Inc. is pleased to release first quarter 2019 production results highlighted by [...]
Files Technical Report for the updated Mineral Resource Estimate announced February 2019 Ascendant Resources Inc. announces the commencement of its 2019 exploration program at the high-grade Lagoa Salgada volcanic massive sulphide Project located on the Iberian Pyrite Belt in Portugal. This follows on the back of last year’s successful exploration program which increased the scale of the project by doubling total [...]
22.5% of silver production with 25% ongoing payment equals approximately 2% of Ascendant’s total projected revenue for 2019 Ascendant Resources Inc. is pleased to announce that it has entered into a silver purchase and sale agreement with Maverix Metals Inc. to support the Company’s working capital position and provide financial stability in a non-dilutive manner. Maverix will make an upfront payment of US$7.5 [...]
unless otherwise specified) 2018 Full Year Highlights 2018 contained metal production increased 38% vs 2017 to 91.4 million ZnEq1 lbs Revenues of $85.62 million, an increase of 45% over 2017 Direct operating cost of $78.98/t, a decrease of 10% from 2017 Adjusted EBITDA of $13.49 million for first year of normalized operations Net income of $3.01 million or earnings per share of $0.04 in 2018 Higher grades expected to [...]
2018 contained metal production up 38% vs 2017 to 91.4 million ZnEq¹ lbs Record ZnEq grade increased by 32% to 7.0% in Q4 2018 with vastly improved grades throughout 2018 Higher grades to drive a 10% increase in 2019 guidance over 2018 ZnEq production Ascendant Resources Inc. is pleased to release fourth quarter and full year 2018 production results and guidance for 2019. 2018 Production Results – Guidance [...]
Project more than doubled its previous mineral resources with modest drill program Ascendant Resources Inc. is very pleased to announce the results of an updated National Instrument 43-101 Mineral Resource Estimate at the Lagoa Salgada polymetallic Volcanogenic Massive Sulphide Project located on the Iberian Pyrite Belt in Portugal. Lagoa Salgada Orebodies with Geophysics Plan View of the 2018 Planned Drill Holes The new [...]
Ascendant Resources Inc. is pleased to announce that it has received a non-binding term sheet from Overseas Private Investment Corporation , for a project loan of US$35 million to American Pacific Honduras S.A. de C.V., the Company’s operating subsidiary in Honduras, to finance the expansion of the El Mochito mine in Honduras as detailed in the Company’s Technical Report “Preliminary Economic Assessment [...]
Ascendant Resources Inc. is very pleased to announce transformational results from its 20-hole drill program totaling 6,950 metres and an initial geophysics program at the Lagoa Salgada polymetallic VMS Project located on the Iberian Pyrite Belt in Portugal; the IPB is home to some of the world’s largest volcanogenic massive sulphide mines. Plan View of the 2018 Planned Drill Holes IP Survey Map Coincident with [...]