Ascendant Resources Inc. (TSX: ASND | OTCQB: ASDRF | FRA: 2D9) has announced assay results from a 200m step-out drill hole at ‘Venda Nova South’ at its Lagoa Salgada Project, Portugal.
Ascendant has stated that the scope of this drill hole was to test the down plunge extension of the recently identified high-grade footwall Cu lens.
Mark Brennan, executive chairman of Ascendant stated, “We are very pleased to share these latest drill results, as the current drill programme is not only upgrading our current known resources but also continues to add new exploration potential to define new high-grade Cu mineralization at Venda Nova South which can substantially enhance the resource potential at Venda Nova.”
As of 31 October 2022, Ascendant has completed 21 drill holes (nine metallurgy holes and 12 infill/extensional holes) totalling 9,378m with an additional three drill holes currently in progress.
Drill highlights:
- Hole LS ST_42 returned 6.9m @ 1.59 % Cu (1.99 % CuEq)
- Located ~ 300m from previously reported high grade copper intercept in hole LS ST_31 (16m @ 2.6% Cu (4.33% CuEq)
- Extends the previously defined copper rich footwall lens by an additional 200m to ~ 550m strike length
- Results support definition of stacked high-grade copper lens for future resource potential
The confirmation of the ore characteristics, Cu tenor and general geometry of the Cu lens is extremely prospective as it supports the size predictions and structural control (possible stretching along folding axis linear direction). Given the depth of this target, Ascendant believes that the most effective way to continue the infill and extensional drilling is to consider underground pads.
“The intersections within LS_St_42 display outstanding thicknesses and grade which continue to highlight the significant scale and quality of the Venda Nova Deposit and the Lagoa Salgada Project. In addition, this supports management’s view that Lagoa remains in the early stages of exploration to fully define its resource potential as seen at other mines in the region.” Mark added.
To find out more, please visit www.ascendantresources.com
