Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards.
As quoted in the press release:
Chris Buncic, President and CEO of Ascendant commented: “We are very excited to be able to announce such a significant Mineral Reserve and Resource Estimate for the El Mochito mine. As we anticipated, our 2017 exploration success has demonstrated the potential upside and longevity of the mine and is a testament to the quality of the asset, reaffirming the mine’s long history of upgrading and defining new Mineral Resources through focused exploration. Based on current mining rates, a mine life beyond 7 years is indicated, and given the mine’s 70-year history, we would anticipate operating El Mochito long into the future.”