- Ascendant (ASND) has mobilized a second drill rig to the Anomaly B. in its Lagoa Salgada VMS Project in Portugal
- Anomaly B is a large geophysical target 1 km northeast of the Venda Nova North deposit on the Iberian Pyrite Belt
- Anomaly B is part of the ongoing 5,000 metre step-out exploration program, which is targeting additional new potential massive sulphide deposits clustered around the initial deposit
- Ascendant Resources (ASND) closed up by 4 per cent trading at $0.26 per share
Ascendant (ASND) has mobilized a second drill rig to the Anomaly B. in its Lagoa Salgada VMS Project in Portugal.
Anomaly B is a large geophysical target 1 km northeast of the Venda Nova North deposit on the Iberian Pyrite Belt (IBP).
Anomaly B is part of the ongoing 5,000 metre step-out exploration program, which is targeting additional new potential massive sulphide deposits clustered around the initial deposit, similar to most other mines in the IBP.
The modelled conductive plate, to be targeted by the drilling, has a strike potential of 1,300 metres in length and 600 metres of down-dip length. The first hole will target the central zone of the modelled conductive plate to better understand the geometry and guide additional drilling.
Mark Brennan, Executive Chairman and Founder of Ascendant Resources, commented,
“It is very exciting to see progress on our step-out exploration program; not only do we expect to see a strong development case presented when our feasibility study is completed on the existing resource in April, but this program has the capability to expand our resources materially to equal other world-class mines on the IBP.”
He added that most mines on the IBP have a cluster of 2 or more deposits which are largely identified through geophysics. Geophysics to date represent a source of optimism for a similar opportunity.
Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the Lagoa Salgada VMS Project on the Iberian Pyrite Belt in Portugal.
Ascendant Resources (ASND) closed up by 4 per cent trading at $0.26 per share.