Ascendant Resources Mineral Resource Estimate for Lagoa Salgada VMS Project in Portugal

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Ascendant Resources Inc announced the filing of Technical Report on the Resource Estimate Update for the Lagoa Salgada Project Setubal District Portugal, supporting the updated Mineral Resource Estimate, significantly upgrading the resources at the Lagoa Salgada Volcanogenic Massive Sulphide Project in Portugal.

Highlights from the Technical Report include

North Zone: Measured Mineral Resources increased by 57% to 2.8 Mt at 10.7% ZnEq.

North Zone: Measured & Indicated Mineral Resources increased by 71 % to 10.3 Mt at 9.1 % ZnEq

70% increase in the precious metal rich gossan zone to 1.7 Mt at 4.6g/t AuEq2.

Global NI 43-101 Measured and Indicated Resources of 12.8 million tonnes and Inferred Resources of 10.3s million tonnes

Drilling in the Central and South Zones identified Copper rich sulphide mineralization. The new resources in these zones are reported in Copper equivalent grades. Future drill programs will focus on expanding and upgrading the strong potential anticipated in these zones.

Source : Strategic Research Institute, SteelGuru