Bonanza Grades - 22m @ 26.30% ZnEq 1 from 177m14 Jun 2022 12:05
Another bit of drilling results
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2022/Ascendant-Resources-Announces-Discovery-of-New-Copper-Gold-Zone-and-Reports-Additional-Strong-Results-From-Its-Infill-Campaign-at-Lagoa-Salgada-Portugal/default.aspx
TORONTO, June 14, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND, OTCQB:ASDRF) (“Ascendant” or the “Company”) reports assay results from an additional seven holes drilled as part of the ongoing infill drill program at its Lagoa Salgada VMS Project, Portugal. Drill hole assays released today continue to support resource conversion for the ongoing feasibility study at the Venda Nova deposit but have also (i) outlined the discovery of a new Copper-Gold rich semi massive sulphide lens east of the South Zone, which was not previously included in the Mineral Resources; and (ii) confirmed the continuity of the stringer zone below the massive sulphide lens in the North Zone.
As of today, Ascendant has reported 13 drill holes totalling 4,749.9 meters (6 Metallurgical holes reported in May and 7 infill holes reported today). Assays reported today represent full results received as at June 5th 2021 and include three holes collared in the North Zone: LS_MS-41, LM-MS-41 A and LS_MS-45; and four in the South Zone: LS_ST_28, LS_ST_29, LS_ST_33 and LS_ST_49.
Mark Brennan, Executive Chairman commented: “Venda Nova continues to surprise to the upside and supports our view that we remain at a relatively early stage of exploration at Lagoa Salgada. The discovery of a new Cu-Au rich semi massive sulphide lens could potentially add to the scale of the deposit as this new zone was not included in previous Resources statements. As we complete our infill drilling campaign, we are encouraged to see continued evidence for strong resource conversion underpinning the ongoing feasibility study for Venda Nova.”
Continuous intersections (apparent width along different domains) from recent assays include:
Venda Nova North Zone (Apparent Width)
LS_MS_41: 59.0m @ 16.76 % ZnEq1 from 161.0m (1.55% Zn, 0.37% Cu, 6.09% Pb, 1.84 g/t Au, 123.2 g/t Ag and 0.17% Sn)
LS_MS_41A: 38.7m @ 3.61% ZnEq1 from 273.3m (0.74% Zn, 0.45% Cu, 0.15% Pb, 0.04 g/t Au, 13.54 g/t Ag and 0.10% Sn)
LS_MS_45: 6.0m @ 3.56% ZnEq1 from 197.0m (1.20% Zn, 0.04% Cu, 0.52% Pb, 0.48 g/t Au, 23.3 g/t Ag and 0.01% Sn)
Venda Nova South Zone (Apparent Width)
LS_ST_28: 6.0m @ 7.36% ZnEq1 from 201.0m (0.02% Zn, 1.77% Cu, 0.02% Pb, 0.78 g/t Au, and 16 g/t Ag- No Sn Assay)
LS_ST_33: 4.0m @ 3.86% ZnEq1 from 221.0m (2.34% Zn, 0.11% Cu, 0.58% Pb, 0.06 g/t Au, and 21.5 g/t Ag – No Sn Assay)
LS_ST_48: 2.0m @ 3.31% ZnEq1 from 312.0m (0.08% Zn, 0.87% Cu, 0.04% Pb, 0.13 g/t Au, and 14 g/t Ag – No Sn Assay)
LS_ST_29: 12.0m @ 4.04 ZnEq1 from 533.0 m (1.02% Zn, 0.66% Cu, 0.44% Pb, 0.04 g/t Au, 17.2 g/t Ag and 0.02% Sn)
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