Welcome to our dedicated page for Ascendant Res news (Ticker: ASDRF), a resource for investors and traders seeking the latest updates and insights on Ascendant Res stock.
Ascendant Resources Inc. reports news centered on the development of the Lagoa Salgada VMS Project in Portugal's Iberian Pyrite Belt. Company updates cover exploration results, metallurgy, permitting, feasibility optimization and related project-development work for a polymetallic resource.
Ascendant's corporate news also includes financing and capital-structure actions, including private placements, secured-note arrangements, share issuances, material agreements, shareholder voting matters and governance updates tied to its public-company status.
Ascendant Resources Inc. announced the appointment of Jason Brooks as Chief Financial Officer and Carl Calandra as General Counsel & Corporate Secretary. Mr. Brooks brings over 18 years of experience in finance and accounting within the mining sector, previously serving at Caldas Gold and other international companies. Mr. Calandra, with over 15 years of legal expertise, was formerly VP and General Counsel at Dundee Corporation. The company aims to accelerate the development of the Lagoa Salgada project in Portugal, which contains significant mineral resources and shows strong potential for future growth.
Ascendant Resources Inc. has initiated Phase 2 metallurgical testing at the Lagoa Salgada project in Portugal, following promising Phase 1 results. This phase aims to enhance the understanding of ore characteristics, focusing on massive sulphide and stockwork ores. The program is expected to optimize recovery processes and develop preliminary design criteria. Expected completion is in Q3 2021. Ascendant holds a 21.25% interest in the project, which contains over 14.8 million tonnes of M&I resources and significant exploration potential.
Ascendant Resources Inc. (TSX: ASND) has announced a significant upgrade in the Mineral Resource Estimate for its Lagoa Salgada project, revealing 4.4Mt of Indicated and 7.7Mt of Inferred resources. This marks a 79% increase in Indicated and a 26% increase in Inferred resources. Following a successful Phase 1 drill program, the ongoing Phase II program aims to further expand the South Zone, which remains open for exploration. The resources reported are compliant with Canadian National Instrument 43-101 guidelines, highlighting strong potential for future growth.
Ascendant Resources Inc. has announced a significant update to its Mineral Resource Estimate for the South Zone at the Lagoa Salgada project in Portugal. The new estimate shows an increase of 44% in Indicated Mineral Resources to 4.4Mt at 1.51% CuEq and a 21% rise in Inferred Resources to 7.7Mt at 1.41% CuEq. This growth follows a successful Phase 1 drill program, with the Phase II program underway to further expand resources. The South Zone remains open for additional exploration, with encouraging results supporting continued development of the project.