Down, down, deeper and down26 Jan 2022 11:08
Ascendant news - they are commencing a 'Deep Penetrating Electromagnetic Survey' which will extend another 250m deeper past current drill. An important step as known deposits go much deeper in the IPB ["We note that the drilling to date has only been conducted to a depth of 350m, despite numerous similar deposits on the IBP extending to depths of up to 1,400m."]
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2022/Ascendant-Announces-New-DPEM-Survey-to-Investigate-Mineralization-at-Depth-and-Provides-Update-on-Its-In-Fill-Drill-Program-at-Its-Venda-Nova-Deposit-at-Lagoa-Salgada/default.aspx
DPEM SURVEY TO AUGMENT POSITIVE RESULTS FROM PREVIOUS IP AND GRAVITY GEOPHYSICS
TORONTO, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND, OTCQB: ASDRF) ("Ascendant" or the "Company”) is pleased to announce the commencement of an extensive Deep Penetrating Electromagnetic Survey (“DPEM”) and provide an update on its ongoing regional exploration and in-fill drill programs as part of its planned Bankable Feasibility work program at the Venda Nova deposit at its Lagoa Salgada Project, Portugal.
Mark Brennan, Executive Chairman, stated, “We are very excited to be moving forward with our various programs to support the Feasibility Study at Lagoa Salgada. Additionally, we have not lost focus on the overall exploration potential of the project and programs such as the ongoing DPEM geophysics survey will help guide our continued exploration into 2022 and beyond both at depth and laterally.” He continued, “Previous geophysics has proven very adept at identifying successful drill targets and this newly commenced DPEM survey is expected to augment previous geophysics by giving an additional window to potential resources at depth.”
Geophysical Exploration Survey Activities
International Geophysical Technology (“IGT”) has been mobilized to site and has commenced a Deep Penetrating Electromagnetic Survey over the Venda Nova deposit at Lagoa Salgada.
The program intends to extend the depth of previous surface and downhole IP/RES geophysics penetration to approximately 600m in order to expand the understanding of the exploration potential at depth. Current IP Resistivity / Chargeability inversion shows a continuous footprint between the Venda Nova North and South Zones that correlates with elevated gravity. These surveys indicate the presence of a potential extension of mineralization between the North and South Zones at depth. We note that the drilling to date has only been conducted to a depth of 350m, despite numerous similar deposits on the IBP extending to depths of up to 1,400m.
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