As stated by Ascendant's CEO13 Feb 2019 12:18
I quote:
Chris Buncic, President & CEO of Ascendant stated, βWe are exceptionally pleased to deliver on our goal of significantly expanding and upgrading the Mineral Resource Estimate at Lagoa Salgada. The material increases in scale of the resources represent a significant milestone for Lagoa Salgada and validates our initial investment thesis that a modest drilling budget could provide outsize value and show the world class potential for Lagoa Salgada. Our 2018 exploration program was exceptionally well executed and significantly exceeded expectations by nearly doubling the tonnes in both deposits while concurrently improving the grade profile of the deposits.β
He continued, βThe success of our exploration work in 2018 demonstrates the overall growth potential and scalability of the Project, which the Company plans to expand with further exploration work this year. Given the deposits are located near surface with significant targets identified from the IP and gravimetric survey data, we are excited about future drilling and overall long-term development potential of the Project.β