Ascendant Intersects Significant High-Grade Mineralized Intercepts at Its El Mochito Mine
(firmenpresse) - ASCENDANT INTERSECTS SIGNIFICANT HIGH-GRADE MINERALIZED INTERCEPTS AT ITS EL MOCHITO MINE
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,
o 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 From To IntervTrue/ApparZn Pb Ag Area
holes al ent* (%) (%) (g/t
(m) width )
(m)
10839*191.41196.695.27 4.75 2.9 2.5 67 Palmar D
* yke
includ195.07196.691.62 1.45 7.9 6.7 164 Palmar D
ing yke
10846*173.13192.6919.57 17.61 5.3 3.8 83 Palmar D
* yke
includ173.13179.536.40 5.76 3.9 3.2 66 Palmar D
ing yke
includ180.44184.403.96 3.57 6.3 4.4 97 Palmar D
ing yke
includ188.67192.694.02 3.62 11.7 8.1 179 Palmar D
ing yke
10852*40.75 41.76 1.01 0.91 4.4 12.4 1,565Palmar D
* yke
and 184.86190.205.33 4.80 4.5 3.0 394 Palmar D
yke
and 195.07201.636.55 5.90 5.6 4.2 75 Palmar D
yke
includ196.60198.121.52 1.37 6.5 6.8 116 Palmar D
ing yke
Includ199.64201.631.98 1.78 10.9 6.7 118 Palmar
ing Dyke
10854*38.25 39.47 1.22 1.10 0.7 0.8 658 Palmar D
* yke
and 40.54 41.76 1.22 1.10 1.4 1.2 148 Palmar D
yke
and 166.12176.4810.36 9.33 3.9 2.2 59 Palmar D
yke
and 191.11193.552.44 2.19 9.8 1.3 80 Palmar D
yke
10856*164.59166.732.13 1.92 14.0 6.4 188 Palmar D
* yke
and 207.26211.233.96 3.57 6.9 5.1 58 Palmar D
yke
10848*29.41 30.18 0.76 0.69 1.0 0.7 324 Palmar D
* yke
and 179.22181.051.83 1.65 3.2 4.5 126 Palmar D
yke
10842*21.64 23.62 1.98 1.78 2.2 1.6 220 Palmar D
* yke
and 171.91173.581.68 1.51 1.4 0.9 1,882Palmar D
yke
10837*129.84131.221.37 1.23 29.7 12.7 277 Palmar D
* yke
and 135.33136.401.07 0.96 3.3 2.7 1,405Palmar D
yke
and 146.30152.406.10 5.49 17.3 3.6 142 Palmar D
yke
includ146.30149.052.74 2.47 34.1 7.0 287 Palmar D
ing yke
and 160.63167.036.40 4.11 2.6 1.7 203 Palmar D
yke
includ165.81167.031.22 1.10 4.9 3.2 665 Palmar D
ing yke
10844*174.50184.109.60 8.64 10.7 4.0 95 Palmar
* Dyke
includ178.31181.052.74 2.47 15.2 7.1 163 Palmar
ing Dyke
10828 327.69328.030.34 0.30 4.0 3.8 65 Santa
Elena
and 332.93362.4129.47 26.53 5.7 0.6 18 Santa
Elena
includ332.93334.371.43 1.29 11.3 7.7 90 Santa
ing Elena
includ337.41338.721.31 1.18 14.1 0.1 7 Santa
ing Elena
includ341.38347.786.40 5.76 6.5 0.2 22 Santa
ing Elena
includ355.40362.417.01 6.31 11.0 0.3 10 Santa
ing Elena
10833 345.34389.5344.20 35.36 5.6 2.0 31 Santa
Elena
includ345.34352.046.71 5.36 7.8 2.6 35 Santa
ing Elena
Includ346.86348.481.62 1.29 16.3 5.5 73 Santa
ing Elena
and 355.55362.416.86 5.49 8.3 0.9 14 Santa
Elena
and 363.63374.9011.28 9.02 5.9 5.1 69 Santa
Elena
and 382.83389.536.71 5.36 7.2 0.9 37 Santa
Elena
includ385.27386.791.52 1.22 17.0 1.3 95 Santa
ing Elena
10838 330.37345.0314.66 12.02 7.8 3.7 46 Santa
Elena
includ330.37337.116.74 5.52 9.2 8.0 95 Santa
ing Elena
includ332.54337.114.57 3.75 11.6 10.2 125 Santa
ing Elena
and 343.20345.031.83 1.50 11.4 0.0 8 Santa
Elena
10826 369.20393.1923.99 17.13 5.8 1.2 36 Esperanz
a
Includ369.20380.0910.88 7.77 5.6 2.5 57 Esperanz
ing a
Includ369.20370.331.13 1.68 7.1 7.3 136 Esperanz
ing a
includ372.86376.123.26 2.33 7.5 2.7 72 Esperanz
ing a
includ383.44393.199.75 6.97 7.3 0.2 21 Esperanz
ing a
10834 307.54309.371.83 1.31 11.0 0.0 9 Esperanz
a
and 315.47325.379.91 7.08 7.3 0.5 22 Esperanz
a
and 329.18337.418.23 5.88 3.4 0.6 24 Esperanz
a
includ329.18330.711.52 1.09 5.1 1.6 97 Esperanz
ing a
10840 234.39237.743.35 2.39 4.6 4.8 117 Esperanz
a
and 354.97360.765.79 3.18 5.2 0.2 14 Esperanz
a
and 368.50379.8411.34 8.10 6.7 2.8 171 Esperanz
a
includ368.50374.606.10 4.35 3.8 2.1 187 Esperanz
ing a
includ376.12379.843.72 2.66 13.8 5.1 213 Esperanz
ing a
10843 283.46306.0222.56 18.07 4.3 3.3 45 Esperanz
a
and 312.12314.552.44 1.74 6.7 0.1 12 Esperanz
a
10847 387.25410.8723.62 17.53 6.2 2.2 41 Esperanz
a
includ387.25399.5912.34 8.82 9.4 4.1 70 Esperanz
ing a
and 405.08410.875.79 4.14 5.5 0.4 22 Esperanz
a
10850 420.01429.779.75 6.97 9.4 3.1 54 Esperanz
a
and 436.78438.912.13 1.52 0.0 0.2 306 Esperanz
a
10853 344.82363.9319.11 13.65 4.0 0.9 30 Esperanz
a
Includ344.82350.225.39 3.85 4.6 1.3 20 Esperanz
ing a
includ356.92363.937.01 5.01 5.7 0.7 28 Esperanz
ing a
10823 49.99 52.76 2.77 2.50 8.0 4.3 54 Victoria
includ51.51 52.76 1.25 1.12 14.6 8.7 107 Victoria
ing
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*126.34128.021.68 1.51 2.2 1.8 352 Victoria
*
and 144.29146.332.04 1.84 23.8 2.0 134 Victoria
and 147.40148.741.34 1.21 3.6 2.2 151 Victoria
and 155.14156.971.83 1.65 27.3 0.1 25 Victoria
10845*139.29158.1918.90 17.01 5.0 2.0 53 Victoria
*
includ149.35158.198.84 7.96 8.1 3.1 69 Victoria
ing
includ149.35150.881.52 1.37 14.3 2.7 47 Victoria
ing
and 154.23155.301.07 0.96 17.0 10.4 211 Victoria
and 156.97158.191.22 1.10 8.6 5.0 101 Victoria
and 103.33104.551.22 1.10 1.6 1.4 215 Victoria
10851*156.36158.502.13 1.92 20.8 0.5 93 Victoria
*
10855 98.63 102.293.66 3.29 4.7 3.7 469 Victoria
includ100.58102.291.71 1.54 8.4 5.3 740 Victoria
ing
and 144.38149.354.97 4.47 11.0 4.3 123 Victoria
and 153.92156.973.05 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
Coordinate
s
DDH East North ElevatAzimutInclinDepthArea UG Catego
No. ion h ation Levry
el
10826 2,63212,21210,79612 -47 1360 Esperan1815In-fil
.5 .1 .00 za l
10834 2,63112,21310,7965 -51.5 1170 Esperan1815In-fil
.9 .1 .00 za l
10840 2,63212,21310,7964.5 -44.5 1307 Esperan1815In-fil
.0 .6 .00 za l
10843 2,63212,21410,8017.5 -55.2 1130 Esperan1815In-fil
.5 .4 .00 za l
10847 2,63212,21710,8017 -45 1390 Esperan1815In-fil
.8 .2 .00 za l
10850 2,63212,21710,8017 -39.3 1510 Esperan1815In-fil
.9 .7 .00 za l
10853 2,63312,21710,80111.5 -49.5 1250 Esperan1815In-fil
.4 .0 .00 za l
10837 11,349,950.9,845.341.5 64 583 Palmar 2790Step-o
8.5 5 70 Dyke ut
10839 11,049,975.9,843.340 58.8 763 Palmar 2790Step-o
8.4 1 70 Dyke ut
10841 11,359,945.9,844.341 52.7 590 Palmar 2790Step-o
0.0 0 00 Dyke ut
10842 11,049,975.9,843.337.1 51.2 775 Palmar 2790Step-o
8.4 1 70 Dyke ut
10844 11,059,975.9,848.23 65.2 710 Palmar 2790Step-o
1.0 1 70 Dyke ut
10845 11,349,950.9,847.342.5 69.5 578 Palmar 2790Step-o
8.6 5 70 Dyke ut
10846 11,059,974.9,849.30 72 703 Palmar 2790Step-o
2.7 7 70 Dyke ut
10848 11,059,974.9,847.31 60 749 Palmar 2790Step-o
2.7 7 70 Dyke ut
10851 11,359,950.9,845.30 60 536 Palmar 2790Step-o
0.0 8 70 Dyke ut
10852 11,059,974.9,850.31 79.5 715 Palmar 2790Step-o
2.7 7 70 Dyke ut
10854 11,059,974.9,848.46 67 717 Palmar 2790Step-o
4.2 4 70 Dyke ut
10855 11,359,950.9,846.3.8 69 545 Palmar 2790In-fil
0.0 8 70 Dyke l
10856 11,059,973.9,851.355 80 723 Palmar 2790Step-o
0.0 3 90 Dyke ut
10857 11,049,975.9,849.329.5 74.2 765 Palmar 2790Step-o
8.0 0 70 Dyke ut
10828 8,06212,1239,876.19.5 -67.3 1260 Santa 2680In-fil
.4 .3 00 Elena l
10833 8,06112,1219,876.18.5 -63.5 1349 Santa 2680In-fil
.7 .5 60 Elena l
10838 8,06112,1209,876.17.5 -74.1 1200 Santa 2680In-fil
.3 .5 60 Elena l
10823 11,349,948.9,831.327.6 -23 438 Victori2790In-fil
7.8 8 70 a l
10824 11,349,946.9,831.342.6 -5.6 400 Victori2790Step-o
9.6 6 70 a ut
10827 11,349,950.9,831.341.5 -41.5 365 Victori2790Step-o
8.6 2 70 a ut
10836 11,349,946.9,831.310 -51.2 330 Victori2790Step-o
8.5 2 70 a ut
10849 11,349,950.9,836.343.2 21.5 522 Victori2790Step-o
8.6 5 70 a ut
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 Veritass 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(at)ascendantresources.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
TSX-V: ASND
www.ascendantresources.com
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 Ascendants 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 Companys views as of any date subsequent to the date of this press release.
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