Bits I like25 Sep 2019 19:02
170% increase in the precious metal rich gossan zone to 1.7 Mt at 4.6g/t Gold Equivalent Ounces[2].
The Mineral Resource Estimate is a highly satisfying result as it demonstrates a substantial milestone towards the goal of developing Lagoa Salgada. Ascendant believe there is ample opportunity to expand the resource substantially as this resource follows a rather modest drill program targeted at infill drilling the North Zone. Lagoa Salgada has many traits common to other VMS deposits and mines in the IPB, and it appears to be at the higher end of the grade scale, and we continue to be encouraged by the mineable potential of the project. A PEA is planned for completion before the end of the year."
Redcorp and Ascendant's exploration work continues to better define and expand the known zones which still remain open along strike and at depth, highlighting the significant growth opportunity remaining in the North Zone and especially in the Central and South Zones where the massive sulphides have yet to be fully tested.