ASCENDANT INTERSECTS SIGNIFICANT HIGH-GRADE MINERALIZED INTERCEPTS

ASCENDANT INTERSECTS SIGNIFICANT HIGH-GRADE MINERALIZED INTERCEPTS

TORONTO, ONTARIO - Ascendant Resources Inc. (TSX-V: ASND) (FRA: 2D9) ("Ascendant" or the "Company" - http://www.commodity-tv.net/c/search_adv/?v=297653) is pleased to announce results of 29 diamond drill holes (7,447m) as part of its ongoing underground exploration and definition drilling program at its El Mochito Mine in Honduras. The drilling results are evenly split between step-out and in-fill drill holes, targeting the extensions of four ore bodies, namely Palmar Dyke, Santa Elena, Victoria and Esperanza.

Three areas are very close to existing workings and could be accessed within six to twelve months. The fourth, the Esperanza orebody, is already being mined on its western edge while this drilling represents a further extension to the East showing similar grades. All orebodies remain open along strike and at depth.

Key Highlights

A few significant results include (these are all true widths):

Step-out Holes

  • HOLE 10846 – 17.6m at 5.3% zinc, 3.8% lead and 83 g/t silver (Palmer Dyke)
  • HOLE 10844 – 8.6m at 10.7% zinc, 4.0% lead and 95 g/t silver (Palmar Dyke)
  •  HOLE 10845 – 17.0m at 5.0% zinc, 2.0% lead and 53 g/t silver (Victoria)
  • HOLE 10837 – 5.5m at 17.3% zinc, 3.6% lead and 142 g/t silver (Palmar Dyke)

In-fill Holes

  • HOLE 10833 – 35.4m at 5.6% zinc, 2.0% lead and 31 g/t silver,
    • including 5.4m at 7.8% zinc, 2.6% lead and 35 g/t silver (Santa Elena)
  • HOLE 10847 – 17.5m at 6.2% zinc, 2.2% lead, and 41 g/t silver (Esperanza)
  • HOLE 10828 – 26.5m at 5.7% zinc, 0.6% lead and 18 g/t silver (Santa Elena)
  •  HOLE 10826 – 17.1m at 5.8% zinc, 1.2% lead and 36 g/t silver (Esperanza)

 

Chris Buncic, President and CEO of Ascendant commented: “These initial drill results are well above current mining grades and highlight the incredible potential for additional high grade zinc mineralization at our El Mochito property. Of critical importance is the fact that many of the areas we are drilling from are at current workings that can be brought into the production schedule within the next twelve months. This is the first serious exploration program undertaken at El Mochito in many years and we are hopeful that more opportunities can be exposed. We look forward to providing further results from our current 33,200m drill program as they become available over the coming months.”

Table 1: Significant Assays

Drill holes

From

To

Interval (m)

True/Apparent* width (m)

Zn (%)

Pb (%)

Ag (g/t)

Area

10839**

191.41

196.69

5.27

4.75

2.9

2.5

67

Palmar Dyke

including

195.07

196.69

1.62

1.45

7.9

6.7

164

Palmar Dyke

10846**

173.13

192.69

19.57

17.61

5.3

3.8

83

Palmar Dyke

including

173.13

179.53

6.40

5.76

3.9

3.2

66

Palmar Dyke

including

180.44

184.40

3.96

3.57

6.3

4.4

97

Palmar Dyke

including

188.67

192.69

4.02

3.62

11.7

8.1

179

Palmar Dyke

10852**

40.75

41.76

1.01

0.91

4.4

12.4

1,565

Palmar Dyke

and

184.86

190.20

5.33

4.80

4.5

3.0

394

Palmar Dyke

and

195.07

201.63

6.55

5.90

5.6

4.2

75

Palmar Dyke

including

196.60

198.12

1.52

1.37

6.5

6.8

116

Palmar Dyke

Including

199.64

201.63

1.98

1.78

10.9

6.7

118

Palmar Dyke

10854**

38.25

39.47

1.22

1.10

0.7

0.8

658

Palmar Dyke

and

40.54

41.76

1.22

1.10

1.4

1.2

148

Palmar Dyke

and

166.12

176.48

10.36

9.33

3.9

2.2

59

Palmar Dyke

and

191.11

193.55

2.44

2.19

9.8

1.3

80

Palmar Dyke

10856**

164.59

166.73

2.13

1.92

14.0

6.4

188

Palmar Dyke

and

207.26

211.23

3.96

3.57

6.9

5.1

58

Palmar Dyke

10848**

29.41

30.18

0.76

0.69

1.0

0.7

324

Palmar Dyke

and

179.22

181.05

1.83

1.65

3.2

4.5

126

Palmar Dyke

10842**

21.64

23.62

1.98

1.78

2.2

1.6

220

Palmar Dyke

and

171.91

173.58

1.68

1.51

1.4

0.9

1,882

Palmar Dyke

10837**

129.84

131.22

1.37

1.23

29.7

12.7

277

Palmar Dyke

and

135.33

136.40

1.07

0.96

3.3

2.7

1,405

Palmar Dyke

and

146.30

152.40

6.10

5.49

17.3

3.6

142

Palmar Dyke

including

146.30

149.05

2.74

2.47

34.1

7.0

287

Palmar Dyke

and

160.63

167.03

6.40

4.11

2.6

1.7

203

Palmar Dyke

including

165.81

167.03

1.22

1.10

4.9

3.2

665

Palmar Dyke

10844**

174.50

184.10

9.60

8.64

10.7

4.0

95

Palmar Dyke

including

178.31

181.05

2.74

2.47

15.2

7.1

163

Palmar Dyke

10828

327.69

328.03

0.34

0.30

4.0

3.8

65

Santa Elena

and

332.93

362.41

29.47

26.53

5.7

0.6

18

Santa Elena

including

332.93

334.37

1.43

1.29

11.3

7.7

90

Santa Elena

including

337.41

338.72

1.31

1.18

14.1

0.1

7

Santa Elena

including

341.38

347.78

6.40

5.76

6.5

0.2

22

Santa Elena

including

355.40

362.41

7.01

6.31

11.0

0.3

10

Santa Elena

10833

345.34

389.53

44.20

35.36

5.6

2.0

31

Santa Elena

including

345.34

352.04

6.71

5.36

7.8

2.6

35

Santa Elena

Including

346.86

348.48

1.62

1.29

16.3

5.5

73

Santa Elena

and

355.55

362.41

6.86

5.49

8.3

0.9

14

Santa Elena

and

363.63

374.90

11.28

9.02

5.9

5.1

69

Santa Elena

and

382.83

389.53

6.71

5.36

7.2

0.9

37

Santa Elena

including

385.27

386.79

1.52

1.22

17.0

1.3

95

Santa Elena

10838

330.37

345.03

14.66

12.02

7.8

3.7

46

Santa Elena

including

330.37

337.11

6.74

5.52

9.2

8.0

95

Santa Elena

including

332.54

337.11

4.57

3.75

11.6

10.2

125

Santa Elena

and

343.20

345.03

1.83

1.50

11.4

0.0

8

Santa Elena

10826

369.20

393.19

23.99

17.13

5.8

1.2

36

Esperanza

Including

369.20

380.09

10.88

7.77

5.6

2.5

57

Esperanza

Including

369.20

370.33

1.13

1.68

7.1

7.3

136

Esperanza

including

372.86

376.12

3.26

2.33

7.5

2.7

72

Esperanza

including

383.44

393.19

9.75

6.97

7.3

0.2

21

Esperanza

10834

307.54

309.37

1.83

1.31

11.0

0.0

9

Esperanza

and

315.47

325.37

9.91

7.08

7.3

0.5

22

Esperanza

and

329.18

337.41

8.23

5.88

3.4

0.6

24

Esperanza

including

329.18

330.71

1.52

1.09

5.1

1.6

97

Esperanza

10840

234.39

237.74

3.35

2.39

4.6

4.8

117

Esperanza

and

354.97

360.76

5.79

3.18

5.2

0.2

14

Esperanza

and

368.50

379.84

11.34

8.10

6.7

2.8

171

Esperanza

including

368.50

374.60

6.10

4.35

3.8

2.1

187

Esperanza

including

376.12

379.84

3.72

2.66

13.8

5.1

213

Esperanza

10843

283.46

306.02

22.56

18.07

4.3

3.3

45

Esperanza

and

312.12

314.55

2.44

1.74

6.7

0.1

12

Esperanza

10847

387.25

410.87

23.62

17.53

6.2

2.2

41

Esperanza

including

387.25

399.59

12.34

8.82

9.4

4.1

70

Esperanza

and

405.08

410.87

5.79

4.14

5.5

0.4

22

Esperanza

10850

420.01

429.77

9.75

6.97

9.4

3.1

54

Esperanza

and

436.78

438.91

2.13

1.52

0.0

0.2

306

Esperanza

10853

344.82

363.93

19.11

13.65

4.0

0.9

30

Esperanza

Including

344.82

350.22

5.39

3.85

4.6

1.3

20

Esperanza

including

356.92

363.93

7.01

5.01

5.7

0.7

28

Esperanza

10823

49.99

52.76

2.77

2.50

8.0

4.3

54

Victoria

including

51.51

52.76

1.25

1.12

14.6

8.7

107

Victoria

10824**

86.87

88.48

1.62

1.45

2.6

2.1

50

Victoria

10827**

40.05

41.45

1.40

1.26

8.6

5.6

56

Victoria

10841**

126.34

128.02

1.68

1.51

2.2

1.8

352

Victoria

and

144.29

146.33

2.04

1.84

23.8

2.0

134

Victoria

and

147.40

148.74

1.34

1.21

3.6

2.2

151

Victoria

and

155.14

156.97

1.83

1.65

27.3

0.1

25

Victoria

10845**

139.29

158.19

18.90

17.01

5.0

2.0

53

Victoria

including

149.35

158.19

8.84

7.96

8.1

3.1

69

Victoria

including

149.35

150.88

1.52

1.37

14.3

2.7

47

Victoria

and

154.23

155.30

1.07

0.96

17.0

10.4

211

Victoria

and

156.97

158.19

1.22

1.10

8.6

5.0

101

Victoria

and

103.33

104.55

1.22

1.10

1.6

1.4

215

Victoria

10851**

156.36

158.50

2.13

1.92

20.8

0.5

93

Victoria

10855

98.63

102.29

3.66

3.29

4.7

3.7

469

Victoria

including

100.58

102.29

1.71

1.54

8.4

5.3

740

Victoria

and

144.38

149.35

4.97

4.47

11.0

4.3

123

Victoria

and

153.92

156.97

3.05

2.74

10.2

1.4

53

Victoria

10836, 10849, 10857     No significant assays

 

 

 

 

*True thickness is not known at this time in the case of Victoria and Palmar Dyke

** Step-out drill hole

 
                   

 

 

Table 2: Drill Hole Information

 

 

Local Coordinates

             

 DDH No.

East

North

Elevation

Azimuth

Inclination

Depth

Area

UG Level

Category

10826

2,632.5

12,212.1

10,796.00

12

-47

1360

Esperanza

1815

In-fill

10834

2,631.9

12,213.1

10,796.00

5

-51.5

1170

Esperanza

1815

In-fill

10840

2,632.0

12,213.6

10,796.00

4.5

-44.5

1307

Esperanza

1815

In-fill

10843

2,632.5

12,214.4

10,801.00

7.5

-55.2

1130

Esperanza

1815

In-fill

10847

2,632.8

12,217.2

10,801.00

7

-45

1390

Esperanza

1815

In-fill

10850

2,632.9

12,217.7

10,801.00

7

-39.3

1510

Esperanza

1815

In-fill

10853

2,633.4

12,217.0

10,801.00

11.5

-49.5

1250

Esperanza

1815

In-fill

10837

11,348.5

9,950.5

9,845.70

341.5

64

583

Palmar Dyke

2790

Step-out

10839

11,048.4

9,975.1

9,843.70

340

58.8

763

Palmar Dyke

2790

Step-out

10841

11,350.0

9,945.0

9,844.00

341

52.7

590

Palmar Dyke

2790

Step-out

10842

11,048.4

9,975.1

9,843.70

337.1

51.2

775

Palmar Dyke

2790

Step-out

10844

11,051.0

9,975.1

9,848.70

23

65.2

710

Palmar Dyke

2790

Step-out

10845

11,348.6

9,950.5

9,847.70

342.5

69.5

578

Palmar Dyke

2790

Step-out

10846

11,052.7

9,974.7

9,849.70

30

72

703

Palmar Dyke

2790

Step-out

10848

11,052.7

9,974.7

9,847.70

31

60

749

Palmar Dyke

2790

Step-out

10851

11,350.0

9,950.8

9,845.70

30

60

536

Palmar Dyke

2790

Step-out

10852

11,052.7

9,974.7

9,850.70

31

79.5

715

Palmar Dyke

2790

Step-out

10854

11,054.2

9,974.4

9,848.70

46

67

717

Palmar Dyke

2790

Step-out

10855

11,350.0

9,950.8

9,846.70

3.8

69

545

Palmar Dyke

2790

In-fill

10856

11,050.0

9,973.3

9,851.90

355

80

723

Palmar Dyke

2790

Step-out

10857

11,048.0

9,975.0

9,849.70

329.5

74.2

765

Palmar Dyke

2790

Step-out

10828

8,062.4

12,123.3

9,876.00

19.5

-67.3

1260

Santa Elena

2680

In-fill

10833

8,061.7

12,121.5

9,876.60

18.5

-63.5

1349

Santa Elena

2680

In-fill

10838

8,061.3

12,120.5

9,876.60

17.5

-74.1

1200

Santa Elena

2680

In-fill

10823

11,347.8

9,948.8

9,831.70

327.6

-23

438

Victoria

2790

In-fill

10824

11,349.6

9,946.6

9,831.70

342.6

-5.6

400

Victoria

2790

Step-out

10827

11,348.6

9,950.2

9,831.70

341.5

-41.5

365

Victoria

2790

Step-out

10836

11,348.5

9,946.2

9,831.70

310

-51.2

330

Victoria

2790

Step-out

10849

11,348.6

9,950.5

9,836.70

343.2

21.5

522

Victoria

2790

Step-out

 

The following link shows the position of the discussed Areas relative to the mine layout: http://bit.ly/2t3O9YN

Quality Assurance and Quality Control

 

Analytical work was carried out by Bureau Veritas Commodities Canada Ltd. (ACME), Vancouver, Canada.  Drill core samples were prepared in Bureau Veritas’s laboratory in Guatemala City, Guatemala. Pulp samples were then sent to their analytical Laboratory in Vancouver, Canada. All samples were analyzed for zinc, Lead, copper, iron and silver values determined by method code AR402 atomic absorption spectrometry, and any over limit values were determined using method code FA410. Bureau Veritas has routine quality control procedures which ensure that every batch of 40 prepared samples includes three sample repeats, two commercial standards and blanks. Bureau Veritas is independent from Ascendant. Ascendant used standard QA/QC procedures, when inserting blanks, for the drilling program. The scientific and technical information in this press release has been reviewed and approved by Andy Campbell, P.Geo., Director to Ascendant and a Qualified Person as defined by National Instrument 43-101.

 

About Ascendant Resources

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. El Mochito has been in production since 1948. The Company evaluates producing and advanced development stage mineral resource acquisition opportunities in North, South and Central America, on an ongoing basis. The Company's common shares are principally listed on the TSX Venture Exchange under the symbol "ASND". For more information on Ascendant Resources, please visit our website at www.ascendantresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Chris Buncic

President & CEO

Tel: 888-723-7413

info@ascendantresources.com

 

In Europe:

Swiss Resource Capital AG - Jochen Staiger

info@resource-capital.ch - www.resource-capital.ch

Cautionary Note Regarding Forward-Looking Information

This press release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation.

Forward-looking information is based on reasonable assumptions that have been made by Ascendant as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Ascendant to be materially different from those expressed or implied by such forward-looking information, including but not limited to: drilling results, production statistics; ore grades; tonnes milled; recovery rates; operating costs; the timing and amount of estimated future production; capital expenditures; the impact of general business and economic conditions; the ability of the Company to increase production; the arrival of new equipment; problems inherent to the marketability of base and precious metals; industry conditions, including fluctuations in the price of base and precious metals, fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Ascendant; stock market volatility; competition; and such other factors described or referred to elsewhere herein, including unanticipated and/or unusual events. Many such factors are beyond Ascendant’s ability to control or predict.

Although Ascendant has attempted to identify important factors that could cause actual outcomes to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate as actual outcomes and future events could differ materially from those reliant on forward-looking information.

All of the forward-looking information given in this press release is qualified by these cautionary statements and readers are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. Ascendant disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. This forward-looking information should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

 



 

more news

 

no video selected

» change to channel


Ad:

CobalTech Shareholders Approve Merger with First Cobalt

CobalTech Shareholders Approve Merger with First CobaltTORONTO, ON — (November 22, 2017) – First Cobalt Corp. (TSX-V: FCC, OTCQB: FTSSF) (the “Company” - https://www.youtube.com/watch?v=U4B_BZ-wbLk& …

read more

Sibanye-Stillwater and DRDGOLD to create an industry-leading surface mining

Sibanye-Stillwater and DRDGOLD to create an industry-leading surface miningKey highlights Sibanye-Stillwater to vend selected gold surface processing assets and tailings storage facilities for a 38% stake in DRDGOLD Immediate crystallisation …

read more

Latest Video

Nighthawk Gold: Well Financed To Establish Next Canadian Gold Camp

Fenster schließen
ASCENDANT INTERSECTS SIGNIFICANT HIGH-GRADE MINERALIZED INTERCEPTS