Ascendant Res Inc Stock Price, News & Analysis

Ascendant Resources Inc. (OTCQB: ASDRF) has launched a 5,000m exploration program focusing on high-priority geophysical anomalies in the Venda Nova area. Two primary targets, Anomaly D and Anomaly B, have been identified for drilling, which could significantly enhance the resource framework at the Lagoa Salgada project. Anomaly D, located east of Venda Nova South Zone, and Anomaly B, northeast of Venda Nova North Zone, are expected to hold large concentrations of sulphides, similar to existing zones. The initiative is part of Ascendant's efforts to maximize shareholder value through strategic exploration.

Ascendant Resources Inc. has entered a US$15 million metals stream agreement with Sprott Private Resource Streaming and Royalty Corp. for the Lagoa Salgada VMS project in Portugal. The funds will support the ongoing feasibility study, permitting, and earn-in costs for an 80% interest in the project. The agreement allows Sprott to receive 1.75% of all metals produced at a discounted rate until 45,000 gold equivalent ounces are delivered. Mark Brennan, the Executive Chairman, expressed excitement over the partnership, stating it enables continued project development.

Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF) announced promising results from its Lagoa Salgada Project in Portugal. Drill hole LS ST_42 yielded 6.9m at 1.59% copper (1.99% CuEq), extending the copper-rich footwall lens by 200m to a strike length of ~550m. The results bolster resource potential and highlight the deposit's significant scale and quality. As of October 31, 2022, Ascendant has completed 21 drill holes totaling 9,378m, with ongoing exploration indicating robust mineralization characteristics.

Ascendant Resources Inc. (OTCQB: ASDRF) announced significant drilling results from the Venda Nova Deposit at its Lagoa Salgada VMS Project in Portugal. Hole ST_31 returned 16m at 2.6% Cu (4.33% CuEq), highlighting a new high-grade copper zone. The results, including 12m at 3.3% Cu, indicate potential extensions at depth and improved metal endowment in neighboring blocks. The company has completed 15 drill holes totaling 6,118m, with further drilling ongoing. Ascendant aims for a mineral resource update in Q3, bolstering its feasibility study and exploration programs.

Ascendant Resources Inc. (TSX: ASND, OTCQB: ASDRF) announced an amendment to its agreement with Mineral & Financial Investments AG, extending the deadline for completing the feasibility study for the Lagoa Salgada Project to June 22, 2023. The company plans to finalize the study by Q1 2023. This extension enables Ascendant to explore new opportunities while completing its feasibility work. The project contains substantial measured and inferred resources and offers significant potential for growth, situated near Lisbon with excellent infrastructure.

Ascendant Resources Inc. (ASND) recently held its 2022 Annual and Special Shareholders' Meeting on June 29, 2022, where all proposed resolutions were approved, including the election of two new directors, Bob Sellers and Chris Jones, to the board. The meeting saw a total of 24,161,561 shares voted, representing 19% of outstanding shares. KPMG LLP was appointed as the company’s auditor. The approval of an Amended and Restated Omnibus Incentive Plan was also confirmed, further supporting corporate governance as Ascendant focuses on the Lagoa Salgada project in Portugal.

Ascendant Resources Inc. (ASDRF) has announced significant results from its ongoing infill drill program at the Lagoa Salgada VMS Project in Portugal. Notable findings include the discovery of a new Copper-Gold rich semi-massive sulphide zone east of the South Zone, with assays showing 6m @ 1.77% Cu and 0.8 g/t Au from 201m. Continuous high-grade mineralization was reported in the North Zone, notably 59m @ 16.76% ZnEq. The new discoveries may enhance the resource scale, supporting the feasibility study for the Venda Nova deposit.

Ascendant Resources Inc. announces an increase in its ownership of the Lagoa Salgada VMS project from 25% to 50%. The company has invested US$9 million and made a US$1 million payment to Mineral & Financial Investment AG. Plans are in place to elevate ownership to 80% by year-end pending completion of a feasibility study. The Lagoa Salgada project, located in Portugal, demonstrates significant resource potential with over 10.33 million tonnes of Measured and Indicated Resources. A Preliminary Economic Assessment indicates strong financial prospects with a low capital investment.

Ascendant Resources Inc. (OTCQB: ASDRF) announced significant exploration developments at the Lagoa Salgada Property in Portugal. Key highlights include:

• Identification of copper-rich stockworks and a transition zone at Venda Nova North;
• Potential discovery of a new massive sulphide lens at Venda Nova South;
• New geophysical anomalies detected across the Lagoa Salgada Property.

Chairman Mark Brennan emphasized the transformational potential of these findings for resource growth and upcoming drilling programs aimed at expanding the project's overall potential.