Ascendant Resources Announces High-Grade Copper Assay Results at Venda Nova South Zone

Ascendant Resources Inc. (TSX: ASND | OTCQB: ASDRF) has reported assay results from latest drill holes executed in its Venda Nova South Zone as part of the metallurgical, infill, and extensional drilling campaign started in 2022.

Of note from these results, is the higher tenor of copper intercepted that supports the ongoing delineation of a high-grade copper domain within the South Deposit at the Lagoa Salgada VMS project on the Iberian Pyrite Belt in Portugal.

As of 30 January 2023, Ascendant has completed 27 drill holes (11 metallurgical and 16 infill and step-out drill holes) totalling 12,804m as part of the overall drill programme to support the ongoing Feasibility Study for Venda Nova.

Results of the final variability, step-out and infill drill holes in the South Zone will be included in the resource update to support the Feasibility Study, which the company has targeted for the end of April 2023. Results reported today represent full results received as of January 28, 2023.

Highlights of the infill variability metallurgical drilling programme results include:

Highlights of the infill/drilling results include;

Mark Brennan, Executive Chairman commented: “We continue to be very pleased by the results of our 2022 drill programme at Lagoa Salgada. Not only do we expect strong conversion and upgrading of resources to support our ongoing feasibility study, but these results reinforce our strong view that the Venda Nova Deposit and the Lagoa Salgada project as a whole will continue to grow the known resources and remains early in the discovery phase. We are also encouraged by the confirmation that the South Zone also appears to hold copper dominated mineralization similar to what we are seeing at depth in the North Zone. Additional drilling in the future is expected to expand on these discoveries.”

To find out more, please visit www.ascendantresources.com