Ascendant Resources - 2 press releases23 Nov 2021 11:05
Today: ASCENDANT BEGINS DRILL PROGRAM TO SUPPORT FEASIBILITY STUDY:
TORONTO, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources (the “Company”) (TSXV:ASND), is pleased to announce that it has commenced its drill program that will be used to support an upcoming Feasibility Study at its Lagoa Salgada VMS project, located in the Iberian Pyrite Belt, Portugal.
The drill program is planned to consist of approximately 15,000 meters of diamond drilling divided between the north and south zones of the Venda Nova orebody. The program will include 6 dedicated metallurgical drill holes; 4 in the north zone and 2 in the south zone. Most of the planned drill holes will be a combination of infill and exploration drilling on both the North and South zones with the aim to upgrade all Inferred resources to Measured and Indicated categories to support the completion of a NI 43-101 Feasibility Study in 2022. In addition, it is expected that the drill program will not only upgrade resources but also has the potential to increase the overall tonnage and grade of both the North and South sectors by expanding the higher grade zones.
Ascendant will also be undertaking a surface TEM geophysics survey as part of this field program. This program will use larger loops to help define potential extensions to the known orebodies, both laterally and at depth as well as developing new exploration targets in known prospective areas.
Yesterday: ASCENDANT ANNOUNCES EXECUTIVE APPOINTMENT:
TORONTO, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources (the “Company”) (TSX:ASND), is pleased to announce that David Ball has joined Ascendant Resources as Vice President, Business Development.
Mr. Ball was most recently Chief Financial Officer of Santiago Metals Limitada., a private Chilean based copper producer and portfolio company of US Private Equity group, Denham Capital. Previously he held senior positions at Macquarie Capital, an Australian Investment Bank. During his career in the metals and mining sector, Mr. Ball has been actively involved in M&A, corporate advisory and fund raising of both equity and debt. Mr. Ball brings mining focused operational and capital markets experience from Australia, South East Asia and North & South America. Mr. Ball holds a Bachelor of Commerce with Distinction (Curtin University) and a Masters of Finance (INSEAD).
Mark Brennan, Executive Chairman, stated, “We are very pleased to have an established mining finance and M&A professional of David’s calibre join the management team at Ascendant. David’s considerable industry knowledge and market intelligence will help the Company to continue on its rapid growth path.”
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