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.
News and updates for Ascendant Resources Inc. (OTCQB: ASDRF; TSX: ASND) focus on its activities at the Lagoa Salgada VMS polymetallic project in Portugal and on key corporate developments. Company news releases describe ongoing exploration, metallurgical optimization, feasibility study work, and permitting efforts at Lagoa Salgada, as well as its proposed business combination with Cerrado Gold Inc.
Readers following ASDRF-related news can expect coverage of exploration drill programs targeting massive and semi-massive sulphide mineralization at the Venda Nova North and South Zones, results from gravity, IP, and EM surveys, and participation in EU-funded initiatives such as the UNDERCOVER project. Updates also address metallurgical test work designed to improve metal recoveries and concentrate quality for zinc, copper, lead, and other metals, and to reduce deleterious elements through thermal treatment.
Corporate news has included the announcement of a definitive arrangement agreement under which Cerrado Gold will acquire all Ascendant shares, shareholder and court approvals for the arrangement, and related private placements with Cerrado and an affiliate of Sprott Streaming involving equity issuances and debt conversion. Additional releases have covered financing arrangements, such as loans and private placements intended to support ongoing work at Lagoa Salgada.
This news page aggregates historical and recent disclosures so investors can review how Ascendant has advanced Lagoa Salgada, engaged in technical and academic partnerships, and progressed toward a proposed combination with Cerrado Gold. For users tracking ASDRF, the feed offers a single location to review exploration milestones, technical results, financing events, and transaction-related announcements over time.
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.